Average All Occupations Salary in Owensboro, KY
In Owensboro, KY, the average annual salary for All Occupations stands at $51,400. This figure is notably below the national average of $67,140, reflecting localized economic factors and industry concentrations specific to the region. The pay scale in Owensboro is intrinsically tied to the unique demands and opportunities present within its specific labor market.
Executive Summary
- Average Salary: $51,400 per year.
- Growth Trend: Salaries have shifted 14.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,120.
- Outlook: Owensboro, KY supports a substantial workforce of 48,520 individuals across all occupations. With a Location Quotient of 1.0, the concentration of jobs in Owensboro aligns precisely with the national average, indicating a stable and balanced job market. The presence of 1000 jobs per 1,000 workers further underscores the consistent demand for labor within the city.
Salary Overview
The average All Occupations in Owensboro, KY earns-23.4%below the national average.
$24.7
$988
$4,283
All Occupations Salary Trends (2020-2024)
While specific historical data for Owensboro's All Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive incremental increases in compensation across most sectors, suggesting that local wages have likely seen modest but consistent appreciation.
All Occupations Salary Distribution in Owensboro, KY
Salary progression in Owensboro, KY, like elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $24,730 | $11.9 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $38,550 | $18.5 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $42,740 | $20.5 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $64,250 | $30.9 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $82,120 | $39.5 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$51,400
Gross Pay
Real Wage (Purchasing Power)
$51,400
Adjusted for COL (100)
The nominal average annual salary of $51,400 in Owensboro, KY, is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of the local salary is equivalent to the national standard, suggesting that while the absolute salary may be lower than the national average, the cost of living does not disproportionately diminish its value.
Job Market Context
48,520
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Owensboro, KY has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
Owensboro, KY, exhibits a Location Quotient of 1.0 for All Occupations, indicating that the concentration of jobs in this category is exactly in line with the national average. This suggests a balanced job market where the supply and demand for labor are relatively stable and not skewed towards over-saturation or significant scarcity compared to the rest of the country.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Evansville, IN All Occupations Salary | $55,650↑ 8% | 28 mi |
| Bowling Green, KY All Occupations Salary | $52,570↑ 2% | 66 mi |
| Elizabethtown, KY All Occupations Salary | $52,980↑ 3% | 68 mi |
| Louisville/Jefferson County, KY-IN All Occupations Salary | $60,330↑ 17% | 82 mi |
| Clarksville, TN-KY All Occupations Salary | $51,660↑ 1% | 83 mi |
Comparing salaries near Owensboro, KY
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Owensboro, KY?
The median annual salary for a All Occupations in Owensboro, KY is $51,400. This typically ranges from $24,730 for entry-level positions to $82,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Owensboro, KY is 23.4% lower than the national median of $67,140.
Is Owensboro, KY a lucrative place for All Occupationss?
No, but cost-effective.While the average salary of $51,400 is below the national average, the Cost of Living Index of 100 means your earnings retain their purchasing power locally. This makes it a stable, rather than exceptionally lucrative, market.
Is Owensboro, KY a good place to live for All Occupations?
The Cost of Living Index in Owensboro, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Owensboro, KY?
Some top paying nearby cities include Evansville, IN ($55,650) and Bowling Green, KY.
How does the Owensboro salary compare to the national average?
The average salary for All Occupations in Owensboro, KY is $51,400, which is lower than the national average of $67,140.
What is the Cost of Living in Owensboro, KY?
Owensboro, KY has a Cost of Living Index of 100, which is exactly the national average, indicating average living expenses.
How large is the workforce in Owensboro, KY?
Owensboro, KY has a total local workforce of 48,520 individuals across all occupations.
Is there high demand for workers in Owensboro, KY?
With 1000 jobs per 1,000 workers and a Location Quotient of 1.0, the demand for labor in Owensboro, KY is stable and aligns with the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 48,520 employees in the Owensboro, KY area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore All Occupations Salaries by State
Top Jobs in Owensboro, KY
- All Occupations Salary in Owensboro, KY
- Office and Administrative Support Occupations Salary in Owensboro, KY
- Transportation and Material Moving Occupations Salary in Owensboro, KY
- Production Occupations Salary in Owensboro, KY
- Food Preparation and Serving Related Occupations Salary in Owensboro, KY
- Sales and Related Occupations Salary in Owensboro, KY
- Healthcare Practitioners and Technical Occupations Salary in Owensboro, KY
- Educational Instruction and Library Occupations Salary in Owensboro, KY
- Management Occupations Salary in Owensboro, KY
- Healthcare Support Occupations Salary in Owensboro, KY
- Browse All Jobs in Owensboro, KY →
Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Owensboro, KY