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Average All Occupations Salary in Northeast Virginia nonmetropolitan area

In the Northeast Virginia nonmetropolitan area, the average annual salary for All Occupations stands at $62,240. This figure is notably below the national average of $67,140, suggesting that regional economic factors and industry concentrations play a significant role in compensation levels within this specific locale.

Executive Summary

  • Average Salary: $62,240 per year.
  • Growth Trend: Salaries have shifted 16.1% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $126,610.
  • Outlook: With a total local workforce of 57,160 individuals and a Location Quotient of 1.0, the job market for All Occupations in Northeast Virginia nonmetropolitan area appears stable and aligned with national employment patterns. The concentration suggests a steady demand that mirrors the broader U.S. labor landscape, indicating a consistent, albeit not rapidly expanding, job environment.
2024 Market Data

Salary Overview

$62,240

The average All Occupations in Northeast Virginia nonmetropolitan area earns-7.3%below the national average.

BreakdownBased on 40h/week
Hourly

$29.9

Weekly

$1,197

Monthly

$5,187

All Occupations Salary Distribution in Northeast Virginia nonmetropolitan area

Salary progression for All Occupations in Northeast Virginia nonmetropolitan area, like elsewhere, is strongly tied to experience and skill development. Entry-level positions typically command lower salaries, while seasoned professionals with specialized expertise and a proven track record can expect to earn significantly more, often reaching into the higher salary percentiles, reflecting increased responsibility and value to employers.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$27,810$13.4
ExperiencedProficient professional working independently.25% (Junior)$46,680$22.4
Mid-LevelEstablished expert. Standard market value.50% (Median)$46,190$22.2
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$77,800$37.4
Top TierIndustry leader / Executive level compensation.90% (Expert)$126,610$60.9

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$62,240

Gross Pay

Real Wage (Purchasing Power)

$62,240

Adjusted for COL (100)

The nominal average annual salary of $62,240 in Northeast Virginia nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This indicates that while the take-home pay is lower than the national average, the purchasing power of that salary is comparable to the national standard, meaning the cost of essential goods and services is neither a significant advantage nor a disadvantage for residents.

Job Market Context

57,160

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Northeast Virginia nonmetropolitan area has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in Northeast Virginia nonmetropolitan area signifies that the concentration of these jobs within the local workforce is exactly at the national average. This suggests a balanced job market where the availability of All Occupations roles is neither exceptionally high nor low compared to other regions, indicating a competitive but not oversaturated employment landscape.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Northeast Virginia nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Northeast Virginia nonmetropolitan area?

The median annual salary for a All Occupations in Northeast Virginia nonmetropolitan area is $62,240. This typically ranges from $27,810 for entry-level positions to $126,610 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northeast Virginia nonmetropolitan area is 7.3% lower than the national median of $67,140.

Is Northeast Virginia nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $62,240 is below the national average of $67,140, although the cost of living is also at the national average, making the purchasing power comparable.

Is Northeast Virginia nonmetropolitan area a good place to live for All Occupations?

The Cost of Living Index in Northeast Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northeast Virginia nonmetropolitan area?

Some top paying nearby cities include Charlottesville, VA ($71,000) and Richmond, VA.

How does the total workforce size impact job opportunities?

A total workforce of 57,160 suggests a moderately sized labor market, offering a reasonable number of opportunities for All Occupations without being overly saturated, aligning with the national average concentration.

What does a Location Quotient of 1 mean for job seekers?

A Location Quotient of 1 means the proportion of All Occupations jobs in this area is the same as the national average, indicating a standard level of demand and competition for these roles.

How does the cost of living affect the real value of the salary?

With a Cost of Living Index of 100, the $62,240 salary has purchasing power equivalent to the national average, meaning that while the nominal pay is lower, expenses are also standard.

Are there significant salary differences based on experience for All Occupations in this region?

Yes, as with most occupations, experience plays a crucial role in salary determination, with entry-level roles earning less and senior positions commanding higher compensation, reflecting a typical career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 57,160 employees in the Northeast Virginia nonmetropolitan area area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.