SalaryNode

Average All Occupations Salary in Southern West Virginia nonmetropolitan area

In the Southern West Virginia nonmetropolitan area, the average annual salary for all occupations stands at $48,620. This figure is notably lower than the national average of $67,140, reflecting the unique economic landscape and labor market dynamics prevalent in this specific region. Factors such as industry concentration and local demand significantly influence compensation levels.

Executive Summary

  • Average Salary: $48,620 per year.
  • Growth Trend: Salaries have shifted 21.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $80,480.
  • Outlook: With a substantial local workforce of 74,590 individuals, the Southern West Virginia nonmetropolitan area demonstrates a significant labor pool. The location quotient of 1.0 indicates that the concentration of jobs within this region is precisely at the national average, suggesting a stable and balanced job market that mirrors national employment patterns for various occupations.
2024 Market Data

Salary Overview

$48,620

The average All Occupations in Southern West Virginia nonmetropolitan area earns-27.6%below the national average.

BreakdownBased on 40h/week
Hourly

$23.4

Weekly

$935

Monthly

$4,052

All Occupations Salary Distribution in Southern West Virginia nonmetropolitan area

Salary progression in the Southern West Virginia nonmetropolitan area, as in most regions, is closely tied to experience and skill level. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and proven track records can earn significantly more. The widening gap between lower and higher salary percentiles signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$22,720$10.9
ExperiencedProficient professional working independently.25% (Junior)$36,465$17.5
Mid-LevelEstablished expert. Standard market value.50% (Median)$38,470$18.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$60,775$29.2
Top TierIndustry leader / Executive level compensation.90% (Expert)$80,480$38.7

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$48,620

Gross Pay

Real Wage (Purchasing Power)

$48,620

Adjusted for COL (100)

The average annual salary of $48,620 in Southern West Virginia nonmetropolitan area aligns with a Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of the local salary is comparable to the national standard, suggesting that the nominal income effectively covers typical living expenses without significant strain or surplus compared to the rest of the country.

Job Market Context

74,590

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Southern West 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 Southern West Virginia nonmetropolitan area signifies that the concentration of jobs in this region is exactly in line with the national average. This suggests a job market that is neither exceptionally concentrated nor significantly lacking in opportunities relative to the size of its workforce, indicating a competitive yet stable employment environment.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Southern West Virginia nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

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

The median annual salary for a All Occupations in Southern West Virginia nonmetropolitan area is $48,620. This typically ranges from $22,720 for entry-level positions to $80,480 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Southern West Virginia nonmetropolitan area is 27.6% lower than the national median of $67,140.

Is Southern West Virginia nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to national averages.The average salary of $48,620 is considerably lower than the national average of $67,140. While the cost of living is at the national average, the nominal salary does not offer a significant financial advantage over other regions.

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

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

Where are the highest paying cities near Southern West Virginia nonmetropolitan area?

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

How does the average salary in Southern West Virginia compare to the national average?

The average annual salary in Southern West Virginia nonmetropolitan area is $48,620, which is substantially lower than the national average of $67,140.

What is the Cost of Living Index in Southern West Virginia?

The Cost of Living Index in Southern West Virginia nonmetropolitan area is 100, which is exactly the national average.

How large is the workforce in Southern West Virginia?

The total local workforce in the Southern West Virginia nonmetropolitan area comprises 74,590 individuals.

What does a Location Quotient of 1.0 mean for this region?

A Location Quotient of 1.0 indicates that the concentration of jobs for all occupations in Southern West Virginia is at the national average, suggesting a balanced job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 74,590 employees in the Southern West 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.