SalaryNode

Average All Occupations Salary in Southern Indiana nonmetropolitan area

The average annual salary for All Occupations in the Southern Indiana nonmetropolitan area stands at $53,520. This figure is notably below the national average of $67,140, reflecting regional economic factors and potentially a lower cost of doing business. The specific economic landscape and industry concentration within this area play a significant role in shaping local compensation levels.

Executive Summary

  • Average Salary: $53,520 per year.
  • Growth Trend: Salaries have shifted 21.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $86,460.
  • Outlook: With a substantial local workforce of 196,590 individuals, the Southern Indiana nonmetropolitan area demonstrates a significant labor pool. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this region is precisely at the national average, suggesting a stable and balanced presence of these roles within the local economy without over-saturation or scarcity.
2024 Market Data

Salary Overview

$53,520

The average All Occupations in Southern Indiana nonmetropolitan area earns-20.3%below the national average.

BreakdownBased on 40h/week
Hourly

$25.7

Weekly

$1,029

Monthly

$4,460

All Occupations Salary Distribution in Southern Indiana nonmetropolitan area

Salary progression for All Occupations in Southern Indiana nonmetropolitan area typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps between entry-level, mid-career, and senior roles highlight the substantial career growth and earning potential available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$27,830$13.4
ExperiencedProficient professional working independently.25% (Junior)$40,140$19.3
Mid-LevelEstablished expert. Standard market value.50% (Median)$45,310$21.8
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$66,900$32.2
Top TierIndustry leader / Executive level compensation.90% (Expert)$86,460$41.6

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$53,520

Gross Pay

Real Wage (Purchasing Power)

$53,520

Adjusted for COL (100)

The nominal average annual salary of $53,520 in Southern Indiana nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the local salary is equivalent to the national average, suggesting that the cost of essential goods and services is neither significantly higher nor lower than the typical American experience.

Job Market Context

196,590

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Southern Indiana 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 Southern Indiana nonmetropolitan area signifies that the proportion of these jobs within the local workforce mirrors the national average. This indicates a market that is neither exceptionally concentrated nor unusually sparse in these roles, suggesting a competitive yet accessible job market where opportunities are present in line with national distribution.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Southern Indiana nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Southern Indiana nonmetropolitan area?

The median annual salary for a All Occupations in Southern Indiana nonmetropolitan area is $53,520. This typically ranges from $27,830 for entry-level positions to $86,460 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Southern Indiana nonmetropolitan area is 20.3% lower than the national median of $67,140.

Is Southern Indiana nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $53,520 is significantly lower than the national average of $67,140, indicating less lucrative earning potential.

Is Southern Indiana nonmetropolitan area a good place to live for All Occupations?

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

Where are the highest paying cities near Southern Indiana nonmetropolitan area?

Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($62,910) and Kokomo, IN.

How does the Southern Indiana salary compare to the national average?

The average salary of $53,520 in Southern Indiana is considerably lower than the national average of $67,140 for All Occupations.

What is the significance of the Location Quotient being 1.0?

A Location Quotient of 1.0 means the concentration of All Occupations in Southern Indiana is the same as the national average, indicating a balanced job market.

Does the cost of living affect the perceived value of the salary?

No, the cost of living index is 100, which is the national average, meaning the $53,520 salary has average purchasing power locally.

How large is the workforce for All Occupations in this area?

The total local workforce for All Occupations in the Southern Indiana nonmetropolitan area comprises 196,590 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 196,590 employees in the Southern Indiana 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.