Average All Occupations Salary in Southwest Colorado nonmetropolitan area
In the Southwest Colorado nonmetropolitan area, the average annual salary for All Occupations stands at $60,790. This figure is notably below the national average of $67,140, reflecting the unique economic drivers and labor market dynamics specific to this region. Factors such as industry concentration and local demand often influence compensation levels, setting them apart from broader national trends.
Executive Summary
- Average Salary: $60,790 per year.
- Growth Trend: Salaries have shifted 28.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,990.
- Outlook: With a substantial local workforce of 108,180 individuals, the Southwest Colorado nonmetropolitan area demonstrates a significant labor pool. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this area is precisely at the national average, suggesting a stable and balanced presence within the broader occupational landscape. This equilibrium points to a consistent demand for these roles, supported by the sheer size of the employed population.
Salary Overview
The average All Occupations in Southwest Colorado nonmetropolitan area earns-9.5%below the national average.
$29.2
$1,169
$5,066
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in the Southwest Colorado nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends. Such increases are typically driven by inflation, evolving skill requirements, and localized economic development initiatives that aim to enhance earning potential within the region.
All Occupations Salary Distribution in Southwest Colorado nonmetropolitan area
Within the All Occupations category in Southwest Colorado, salary progression typically scales with experience. Entry-level positions generally command lower salaries, while senior roles, requiring extensive expertise and proven track records, offer significantly higher compensation. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on seasoned professionals within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $31,870 | $15.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $45,593 | $21.9 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $49,040 | $23.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $75,988 | $36.5 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $99,990 | $48.1 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$60,790
Gross Pay
Real Wage (Purchasing Power)
$60,790
Adjusted for COL (100)
The average annual salary of $60,790 in Southwest Colorado aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is equivalent to the national average. While the nominal income is lower than the national average, the balanced cost of living suggests that the real value of earnings remains comparable, offering a stable financial environment for residents.
Job Market Context
108,180
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Southwest Colorado 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 the Southwest Colorado nonmetropolitan area signifies that the proportion of these jobs within the local economy is exactly in line with the national average. This suggests a job market that is neither overly concentrated nor significantly lacking in these roles, indicating a competitive yet accessible environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO All Occupations Salary | $69,080↑ 14% | 32 mi |
| Denver-Aurora-Centennial, CO All Occupations Salary | $79,980↑ 32% | 54 mi |
| Pueblo, CO All Occupations Salary | $59,510↓ 2% | 66 mi |
| Boulder, CO All Occupations Salary | $92,590↑ 52% | 67 mi |
| Greeley, CO All Occupations Salary | $64,580↑ 6% | 98 mi |
Comparing salaries near Southwest Colorado nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Southwest Colorado nonmetropolitan area?
The median annual salary for a All Occupations in Southwest Colorado nonmetropolitan area is $60,790. This typically ranges from $31,870 for entry-level positions to $99,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Colorado nonmetropolitan area is 9.5% lower than the national median of $67,140.
Is Southwest Colorado nonmetropolitan area a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $60,790 is below the national average of $67,140, although the cost of living is also at the national average. This indicates that while purchasing power is maintained, the absolute earning potential is lower.
Is Southwest Colorado nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Southwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($69,080) and Denver-Aurora-Centennial, CO.
How does the total workforce size affect job availability for All Occupations?
A large workforce of 108,180 suggests a robust local economy with diverse employment opportunities, providing a stable base for All Occupations roles.
What does a Location Quotient of 1 mean for job seekers?
A Location Quotient of 1 means the concentration of All Occupations jobs is average nationally, implying a balanced job market without extreme over or under-supply.
How does the cost of living in Southwest Colorado compare to the national average?
The Cost of Living Index is 100, which is exactly the national average, meaning your salary's purchasing power is equivalent to the national standard.
Are there significant salary differences based on experience for All Occupations in this area?
Yes, as with most fields, experience plays a crucial role, with entry-level positions earning less than senior roles that require specialized skills and extensive experience.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 108,180 employees in the Southwest Colorado 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.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Southwest Colorado nonmetropolitan area