SalaryNode

Average All Occupations Salary in Southwest New York nonmetropolitan area

The average annual salary for All Occupations in the Southwest New York nonmetropolitan area stands at $58,420. This figure is notably below the national average of $67,140, suggesting that regional economic factors and industry concentrations play a significant role in compensation levels within this specific locale. The pay differential reflects the unique economic landscape of this nonmetropolitan region.

Executive Summary

  • Average Salary: $58,420 per year.
  • Growth Trend: Salaries have shifted 22.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $94,660.
  • Outlook: With a substantial local workforce of 177,700 individuals, the Southwest New York nonmetropolitan area demonstrates a significant labor market presence. The location quotient of 1 indicates that the concentration of All Occupations in this region is precisely at the national average, suggesting a stable and balanced demand for these roles relative to the nation. This equilibrium points to a robust, albeit not exceptionally concentrated, job market.
2024 Market Data

Salary Overview

$58,420

The average All Occupations in Southwest New York nonmetropolitan area earns-13.0%below the national average.

BreakdownBased on 40h/week
Hourly

$28.1

Weekly

$1,123

Monthly

$4,868

All Occupations Salary Distribution in Southwest New York nonmetropolitan area

Within the All Occupations category in Southwest New York, salary progression is typically tied to experience and specialization. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The widening gap between entry-level and senior-level salaries, often represented by percentile differences, clearly signifies the career advancement opportunities and increased earning potential available to dedicated professionals.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$31,480$15.1
ExperiencedProficient professional working independently.25% (Junior)$43,815$21.1
Mid-LevelEstablished expert. Standard market value.50% (Median)$47,560$22.9
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$73,025$35.1
Top TierIndustry leader / Executive level compensation.90% (Expert)$94,660$45.5

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$58,420

Gross Pay

Real Wage (Purchasing Power)

$58,420

Adjusted for COL (100)

The nominal average annual salary of $58,420 in Southwest New York 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. While this suggests financial stability relative to the nation, it also implies that significant salary increases beyond the average may be necessary to achieve a higher standard of living or to accommodate substantial savings goals.

Job Market Context

177,700

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Southwest New York nonmetropolitan area has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A location quotient of 1 for All Occupations in the Southwest New York nonmetropolitan area signifies that the proportion of these jobs within the region is exactly in line with the national average. This indicates a market that is neither over-saturated nor significantly undersupplied for these roles. Consequently, the job market can be characterized as competitive yet stable, offering consistent opportunities without the extreme pressures often seen in highly concentrated or scarce labor markets.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Southwest New York nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

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

The median annual salary for a All Occupations in Southwest New York nonmetropolitan area is $58,420. This typically ranges from $31,480 for entry-level positions to $94,660 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Southwest New York nonmetropolitan area is 13.0% lower than the national median of $67,140.

Is Southwest New York nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $58,420 is below the national average of $67,140, indicating lower earning potential. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.

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

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

Where are the highest paying cities near Southwest New York nonmetropolitan area?

Some top paying nearby cities include Binghamton, NY ($63,810) and Kingston, NY.

How does the total workforce size impact job opportunities?

A large workforce of 177,700 suggests a substantial labor pool and a well-established job market for All Occupations in Southwest New York nonmetropolitan area.

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 compared to the nation, indicating a balanced job market with steady demand.

How does the cost of living affect the $58,420 salary?

With a Cost of Living Index of 100, the $58,420 salary has average purchasing power, meaning it stretches as far as the national average salary does.

Are there significant salary differences based on experience for All Occupations in this area?

Yes, as in most markets, experience plays a crucial role, with entry-level positions earning less than senior roles, reflecting a typical career progression.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 177,700 employees in the Southwest New York 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.