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Average All Occupations Salary in Upper Peninsula of Michigan nonmetropolitan area

In the Upper Peninsula of Michigan's nonmetropolitan area, the average annual salary for All Occupations stands at $54,270. This figure is notably below the national average of $67,140, reflecting the unique economic landscape and demand drivers specific to this region. Factors such as industry concentration and local economic conditions often influence regional pay scales.

Executive Summary

  • Average Salary: $54,270 per year.
  • Growth Trend: Salaries have shifted 20.7% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $88,060.
  • Outlook: The Upper Peninsula of Michigan's nonmetropolitan area supports a substantial workforce of 111,150 individuals across all occupations. With a Location Quotient of 1.0, the concentration of these jobs aligns precisely with the national average, suggesting a stable and balanced job market. The presence of 1,000 jobs per 1,000 workers indicates a consistent demand for labor that mirrors national employment patterns.
2024 Market Data

Salary Overview

$54,270

The average All Occupations in Upper Peninsula of Michigan nonmetropolitan area earns-19.2%below the national average.

BreakdownBased on 40h/week
Hourly

$26.1

Weekly

$1,044

Monthly

$4,523

All Occupations Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area

Salary progression in All Occupations is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and proven track records can earn considerably more. The widening gap between lower and higher salary percentiles signifies clear opportunities for career advancement and increased earning potential within the region.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$28,100$13.5
ExperiencedProficient professional working independently.25% (Junior)$40,703$19.6
Mid-LevelEstablished expert. Standard market value.50% (Median)$44,970$21.6
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$67,838$32.6
Top TierIndustry leader / Executive level compensation.90% (Expert)$88,060$42.3

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$54,270

Gross Pay

Real Wage (Purchasing Power)

$54,270

Adjusted for COL (100)

The nominal average salary of $54,270 in the Upper Peninsula of Michigan nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This suggests that the purchasing power of the local salary is comparable to the national standard, meaning that the take-home pay should cover typical expenses at a rate consistent with the rest of the country.

Job Market Context

111,150

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Upper Peninsula of Michigan 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 Upper Peninsula of Michigan nonmetropolitan area indicates that the concentration of these jobs is exactly at the national average. This suggests a job market that is neither over-saturated nor significantly lacking in opportunities relative to national benchmarks, implying a steady and predictable employment landscape for these roles.

Nearby Job Markets

Nearby Cities for All Occupations

Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Upper Peninsula of Michigan nonmetropolitan area?

The median annual salary for a All Occupations in Upper Peninsula of Michigan nonmetropolitan area is $54,270. This typically ranges from $28,100 for entry-level positions to $88,060 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 19.2% lower than the national median of $67,140.

Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.While the average salary of $54,270 is on par with the national cost of living, it falls significantly short of the national average salary of $67,140.

Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for All Occupations?

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

Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?

Some top paying nearby cities include Midland, MI ($69,520) and Saginaw, MI.

How does the Upper Peninsula's salary compare to the national average?

The average salary in the Upper Peninsula of Michigan nonmetropolitan area is $54,270, which is lower than the national average of $67,140.

What is the cost of living in the Upper Peninsula of Michigan nonmetropolitan area?

The cost of living index in the Upper Peninsula of Michigan nonmetropolitan area is 100, which is exactly the national average.

How large is the workforce in the Upper Peninsula of Michigan nonmetropolitan area?

The total local workforce for All Occupations in the Upper Peninsula of Michigan nonmetropolitan area is 111,150.

Does the job market in the Upper Peninsula of Michigan nonmetropolitan area have a high concentration of All Occupations?

No, the Location Quotient of 1.0 indicates that the concentration of All Occupations jobs is at the national average, neither particularly high nor low.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 111,150 employees in the Upper Peninsula of Michigan 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.