Average All Occupations Salary in Southwest Virginia nonmetropolitan area
The average annual salary for All Occupations in the Southwest Virginia nonmetropolitan area stands at $51,730. This figure is notably below the national average of $67,140, reflecting regional economic factors and potentially a different industry composition. The specific economic landscape and demand for various roles within this nonmetropolitan region significantly influence the prevailing wage scales.
Executive Summary
- Average Salary: $51,730 per year.
- Growth Trend: Salaries have shifted 29.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,920.
- Outlook: With a substantial local workforce of 117,750 individuals, the job market in Southwest Virginia for All Occupations demonstrates a significant presence. A Location Quotient of 1.0 indicates that the concentration of these occupations aligns precisely with the national average, suggesting a stable and balanced demand relative to the overall U.S. employment landscape. This suggests a robust, albeit not exceptionally concentrated, job market for a wide array of professions.
Salary Overview
The average All Occupations in Southwest Virginia nonmetropolitan area earns-23.0%below the national average.
$24.9
$995
$4,311
All Occupations Salary Trends (2020-2024)
While specific historical data for this precise aggregation is not provided, it is generally assumed that salaries for All Occupations across nonmetropolitan areas like Southwest Virginia have experienced incremental growth over the past four years. This growth is typically driven by inflation, evolving skill demands, and broader economic expansion, though the pace may differ from more urbanized centers.
All Occupations Salary Distribution in Southwest Virginia nonmetropolitan area
Within the All Occupations category in Southwest Virginia, salary progression is expected to follow a typical trajectory from entry-level to senior positions. While specific percentile data is unavailable, the gap between lower and higher earners generally signifies the value placed on experience, specialized skills, and leadership responsibilities, offering a clear path for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,650 | $13.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $38,798 | $18.7 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $42,130 | $20.3 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $64,663 | $31.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $82,920 | $39.9 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$51,730
Gross Pay
Real Wage (Purchasing Power)
$51,730
Adjusted for COL (100)
The nominal average annual salary of $51,730 in Southwest Virginia is directly comparable to 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 while the nominal pay is lower, the cost of essential goods and services does not present a significant disadvantage.
Job Market Context
117,750
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Southwest 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 Southwest Virginia signifies that the proportion of these jobs within the local workforce is exactly the same as the national average. This indicates a market that is neither over-saturated nor significantly lacking in these roles compared to the rest of the country, suggesting a competitive yet accessible employment environment.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA All Occupations Salary | $71,000↑ 37% | 25 mi |
| Richmond, VA All Occupations Salary | $66,110↑ 28% | 41 mi |
| Staunton-Stuarts Draft, VA All Occupations Salary | $54,180↑ 5% | 56 mi |
| Harrisonburg, VA All Occupations Salary | $55,750↑ 8% | 60 mi |
| Lynchburg, VA All Occupations Salary | $56,330↑ 9% | 61 mi |
Comparing salaries near Southwest Virginia nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Southwest Virginia nonmetropolitan area?
The median annual salary for a All Occupations in Southwest Virginia nonmetropolitan area is $51,730. This typically ranges from $27,650 for entry-level positions to $82,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Virginia nonmetropolitan area is 23.0% lower than the national median of $67,140.
Is Southwest Virginia nonmetropolitan area a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $51,730 is considerably lower than the national average of $67,140. However, the cost of living is at the national average, meaning purchasing power is relatively stable.
Is Southwest Virginia nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Southwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($71,000) and Richmond, VA.
How does the total workforce size impact job opportunities?
A large workforce of 117,750 suggests a diverse job market with potential opportunities across many sectors, though competition may also be present.
What does a Location Quotient of 1 mean for job seekers?
A Location Quotient of 1 indicates that the concentration of 'All Occupations' jobs in Southwest Virginia is in line with the national average, suggesting a balanced job market.
How does the cost of living affect the real value of the salary?
With a cost of living index of 100, the $51,730 salary has purchasing power equivalent to the national average, mitigating the impact of the lower nominal wage.
Are there significant differences between entry-level and senior salaries for All Occupations in this region?
While specific data isn't provided, experience and skill typically lead to higher salaries, with percentile gaps reflecting career progression opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 117,750 employees in the Southwest 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.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Southwest Virginia nonmetropolitan area