Average All Occupations Salary in Prescott Valley-Prescott, AZ
In Prescott Valley-Prescott, AZ, the average annual salary for All Occupations stands at $57,930. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The cost of living in Prescott Valley-Prescott is right at the national average, meaning that while nominal wages are lower, purchasing power may be more aligned.
Executive Summary
- Average Salary: $57,930 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $96,260.
- Outlook: With a total local workforce of 70,940, Prescott Valley-Prescott supports a substantial labor market. The Location Quotient of 1.0 indicates that the concentration of All Occupations jobs in this area is precisely in line with the national average. This suggests a stable, albeit not exceptionally concentrated, demand for these roles, reflecting a balanced employment landscape.
Salary Overview
The average All Occupations in Prescott Valley-Prescott, AZ earns-13.7%below the national average.
$27.9
$1,114
$4,828
All Occupations Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is reasonable to assume that salaries for All Occupations in Prescott Valley-Prescott have experienced gradual growth, mirroring national trends. Economic shifts, inflation, and evolving job market demands typically contribute to a steady upward trajectory in compensation over time, even in areas with a stable Location Quotient.
All Occupations Salary Distribution in Prescott Valley-Prescott, AZ
Salary progression for All Occupations in Prescott Valley-Prescott, as elsewhere, is typically tied to experience and skill development. Entry-level positions will likely fall towards the lower end of the salary spectrum, while senior roles, requiring extensive expertise and leadership, command significantly higher compensation. The percentile gaps between these levels signify clear career advancement opportunities and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $31,200 | $15 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $43,448 | $20.9 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $45,560 | $21.9 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $72,413 | $34.8 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $96,260 | $46.3 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$57,930
Gross Pay
Real Wage (Purchasing Power)
$57,930
Adjusted for COL (100)
The nominal average annual salary of $57,930 in Prescott Valley-Prescott, AZ, when compared to a Cost of Living Index of 100 (which is the national average), suggests that the purchasing power of local wages is on par with the rest of the country. While the salary is lower than the national average, the equivalent cost of living means that residents are not facing a significant deficit in real terms compared to the national median.
Job Market Context
70,940
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Prescott Valley-Prescott, AZ 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 Prescott Valley-Prescott signifies that the proportion of these jobs within the local economy is exactly the same as the national average. This indicates a balanced market where the presence of these roles is neither disproportionately high nor low compared to national benchmarks, suggesting a steady and predictable employment environment for these positions.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Flagstaff, AZ All Occupations Salary | $58,280↑ 1% | 57 mi |
| Phoenix-Mesa-Chandler, AZ All Occupations Salary | $67,540↑ 17% | 72 mi |
| Arizona nonmetropolitan area All Occupations Salary | $56,950↓ 2% | 79 mi |
Comparing salaries near Prescott Valley-Prescott, AZ
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Prescott Valley-Prescott, AZ?
The median annual salary for a All Occupations in Prescott Valley-Prescott, AZ is $57,930. This typically ranges from $31,200 for entry-level positions to $96,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Prescott Valley-Prescott, AZ is 13.7% lower than the national median of $67,140.
Is Prescott Valley-Prescott, AZ a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $57,930 is below the national average of $67,140, although the cost of living is also at the national average, mitigating some of the difference in purchasing power.
Is Prescott Valley-Prescott, AZ a good place to live for All Occupations?
The Cost of Living Index in Prescott Valley-Prescott, AZ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Prescott Valley-Prescott, AZ?
Some top paying nearby cities include Flagstaff, AZ ($58,280) and Phoenix-Mesa-Chandler, AZ.
How does the cost of living in Prescott Valley-Prescott affect the salary?
With a Cost of Living Index of 100, Prescott Valley-Prescott's cost of living matches the national average. This means the $57,930 salary offers purchasing power equivalent to the national median, despite being lower than the national average salary.
What does a Location Quotient of 1 mean for All Occupations jobs?
A Location Quotient of 1 indicates that the concentration of All Occupations jobs in Prescott Valley-Prescott is exactly the same as the national average. This suggests a stable and balanced job market for these roles, without significant over or under-representation.
How many people work in All Occupations in Prescott Valley-Prescott?
The total local workforce in Prescott Valley-Prescott is 70,940 individuals, indicating a sizable labor pool that supports various industries within the area.
Is there significant demand for All Occupations in Prescott Valley-Prescott?
The demand appears stable, as indicated by the Location Quotient of 1.0 and the number of jobs per 1,000 workers being 1000, which aligns with national averages, suggesting a consistent need for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70,940 employees in the Prescott Valley-Prescott, AZ 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 Prescott Valley-Prescott, AZ
- All Occupations Salary in Prescott Valley-Prescott, AZ
- Office and Administrative Support Occupations Salary in Prescott Valley-Prescott, AZ
- Food Preparation and Serving Related Occupations Salary in Prescott Valley-Prescott, AZ
- Sales and Related Occupations Salary in Prescott Valley-Prescott, AZ
- Transportation and Material Moving Occupations Salary in Prescott Valley-Prescott, AZ
- Management Occupations Salary in Prescott Valley-Prescott, AZ
- Construction and Extraction Occupations Salary in Prescott Valley-Prescott, AZ
- Healthcare Practitioners and Technical Occupations Salary in Prescott Valley-Prescott, AZ
- Educational Instruction and Library Occupations Salary in Prescott Valley-Prescott, AZ
- Installation, Maintenance, and Repair Occupations Salary in Prescott Valley-Prescott, AZ
- Browse All Jobs in Prescott Valley-Prescott, AZ →
Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Prescott Valley-Prescott, AZ