Average All Occupations Salary in Virgin Islands
The average annual salary for All Occupations in the Virgin Islands stands at $50,800, which is notably lower than the national average of $67,140. This disparity is often influenced by regional economic factors, industry concentration, and the specific demands of the local job market within the islands.
Executive Summary
- Average Salary: $50,800 per year.
- Growth Trend: Salaries have shifted 5.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,960.
- Outlook: With a total local workforce of 33,280 and a Location Quotient of 1, the job market for All Occupations in the Virgin Islands mirrors the national concentration. This suggests a stable, albeit not exceptionally high, demand for these roles, indicating a consistent presence of these professions within the territory's economy.
Salary Overview
The average All Occupations in Virgin Islands earns-24.3%below the national average.
$24.4
$977
$4,233
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for All Occupations across the United States, including the Virgin Islands, have experienced a gradual upward trend over the past four years. This growth is typically driven by inflation, increased demand for skilled labor, and evolving economic conditions.
All Occupations Salary Distribution in Virgin Islands
Salary progression for All Occupations typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and proven track records, command significantly higher compensation. The percentile gaps in earnings clearly signify the career progression and increased earning potential as one advances.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $24,920 | $12 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $38,100 | $18.3 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $40,840 | $19.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $63,500 | $30.5 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $82,960 | $39.9 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$50,800
Gross Pay
Real Wage (Purchasing Power)
$42,333
Adjusted for COL (120)
The nominal average salary of $50,800 in the Virgin Islands needs careful consideration against its Cost of Living Index of 120. This index indicates that goods and services are 20% more expensive than the national average, meaning the purchasing power of the local salary is reduced compared to areas with a lower cost of living.
Job Market Context
33,280
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Virgin Islands 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 Virgin Islands signifies that the concentration of these jobs within the territory is precisely at the national average. This suggests the job market is neither exceptionally saturated nor unusually scarce for these roles, presenting a balanced competitive landscape for professionals.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| San Juan-Bayamon-Caguas, PR All Occupations Salary | $37,400↓ 26% | 76 mi |
| Guayama, PR All Occupations Salary | $31,580↓ 38% | 84 mi |
Comparing salaries near Virgin Islands
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Virgin Islands?
The median annual salary for a All Occupations in Virgin Islands is $50,800. This typically ranges from $24,920 for entry-level positions to $82,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virgin Islands is 24.3% lower than the national median of $67,140.
Is Virgin Islands a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $50,800 is below the national average, and the higher cost of living further diminishes its relative value.
Is Virgin Islands a good place to live for All Occupations?
The Cost of Living Index in Virgin Islands is 120. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virgin Islands?
Some top paying nearby cities include San Juan-Bayamon-Caguas, PR ($37,400) and Guayama, PR.
How does the Virgin Islands' average salary compare to the national average?
The average annual salary for All Occupations in the Virgin Islands is $50,800, which is lower than the national average of $67,140.
What is the Cost of Living Index in the Virgin Islands?
The Cost of Living Index in the Virgin Islands is 120, meaning it is 20% more expensive to live there than the national average.
How many people are employed in All Occupations in the Virgin Islands?
There are approximately 33,280 individuals employed in All Occupations within the Virgin Islands.
What does a Location Quotient of 1 mean for All Occupations in the Virgin Islands?
A Location Quotient of 1 indicates that the concentration of All Occupations jobs in the Virgin Islands is the same as the national average, suggesting a standard level of employment in these fields.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 33,280 employees in the Virgin Islands 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 Virgin Islands