SalaryNode

Average All Occupations Salary in Southwest Maine nonmetropolitan area

In the Southwest Maine nonmetropolitan area, the average annual salary for All Occupations stands at $59,260. This figure is notably below the national average of $67,140, reflecting the unique economic dynamics and potentially lower demand for certain roles in this region. Localized economic factors and industry concentrations often dictate these pay scales.

Executive Summary

  • Average Salary: $59,260 per year.
  • Growth Trend: Salaries have shifted 21.6% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $94,100.
  • Outlook: With a substantial local workforce of 141,810 individuals, the Southwest Maine nonmetropolitan area demonstrates a significant labor market presence. The Location Quotient of 1.0 indicates that the concentration of All Occupations jobs is precisely in line with the national average, suggesting a stable, albeit not exceptionally concentrated, demand for these roles within the region's economy.
2024 Market Data

Salary Overview

$59,260

The average All Occupations in Southwest Maine nonmetropolitan area earns-11.7%below the national average.

BreakdownBased on 40h/week
Hourly

$28.5

Weekly

$1,140

Monthly

$4,938

All Occupations Salary Distribution in Southwest Maine nonmetropolitan area

Salary progression for All Occupations in Southwest Maine nonmetropolitan area typically scales with experience. Entry-level positions will naturally fall at the lower end of the pay spectrum, while senior or highly specialized roles command significantly higher compensation. The widening gap between entry-level and senior salaries, often seen across different pay 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)$32,640$15.7
ExperiencedProficient professional working independently.25% (Junior)$44,445$21.4
Mid-LevelEstablished expert. Standard market value.50% (Median)$47,580$22.9
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$74,075$35.6
Top TierIndustry leader / Executive level compensation.90% (Expert)$94,100$45.2

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$59,260

Gross Pay

Real Wage (Purchasing Power)

$59,260

Adjusted for COL (100)

The nominal average annual salary of $59,260 in Southwest Maine nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average, suggesting that the lower nominal wage is balanced by the local cost of goods and services.

Job Market Context

141,810

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Southwest Maine 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 Southwest Maine nonmetropolitan area signifies that the proportion of these jobs within the local workforce mirrors the national average. This indicates a balanced job market where the concentration of these roles is neither exceptionally high nor low compared to the rest of the country, suggesting moderate competition and availability.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Southwest Maine nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Southwest Maine nonmetropolitan area?

The median annual salary for a All Occupations in Southwest Maine nonmetropolitan area is $59,260. This typically ranges from $32,640 for entry-level positions to $94,100 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Southwest Maine nonmetropolitan area is 11.7% lower than the national median of $67,140.

Is Southwest Maine nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to national averages.The average salary of $59,260 is below the national average, although the cost of living is also at the national average, balancing purchasing power.

Is Southwest Maine nonmetropolitan area a good place to live for All Occupations?

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

Where are the highest paying cities near Southwest Maine nonmetropolitan area?

Some top paying nearby cities include Bangor, ME ($59,940) and Lewiston-Auburn, ME.

How does the Southwest Maine salary compare to the national average?

The average salary of $59,260 in Southwest Maine is 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 jobs in Southwest Maine is exactly the same as the national average, indicating a standard level of industry presence.

Does the cost of living affect the value of the Southwest Maine salary?

No, the cost of living in Southwest Maine is at the national average (100), meaning the $59,260 salary has equivalent purchasing power to the national average salary.

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

The total local workforce in the Southwest Maine nonmetropolitan area comprises 141,810 individuals, indicating a substantial labor pool.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 141,810 employees in the Southwest Maine 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.