Average Construction and Extraction Occupations Salary in Traverse City, MI
In Traverse City, MI, professionals in Construction and Extraction Occupations earn an average annual salary of $57,420. This figure is notably below the national average of $64,030, suggesting that local market dynamics, such as industry demand and the specific economic landscape of Northern Michigan, play a significant role in compensation levels.
Executive Summary
- Average Salary: $57,420 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,950.
- Outlook: Traverse City supports a dedicated workforce of 3,650 individuals within Construction and Extraction Occupations. The location quotient of 1.32 indicates a concentration of these roles that is 32% higher than the national average, signaling a robust and potentially growing demand for skilled labor in this sector within the region.
Salary Overview
The average Construction and Extraction Occupations in Traverse City, MI earns-10.3%below the national average.
$27.6
$1,104
$4,785
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that, mirroring national trends, salaries for Construction and Extraction Occupations in Traverse City have experienced steady growth over the past four years. Factors such as inflation, increased demand for infrastructure and housing, and evolving labor costs likely contribute to an upward trajectory in average earnings.
Construction and Extraction Occupations Salary Distribution in Traverse City, MI
Career progression within Construction and Extraction Occupations typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and supervisory experience can command salaries well into the upper percentiles, reflecting a substantial earning potential as one advances through their career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $37,670 | $18.1 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $43,065 | $20.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $55,660 | $26.8 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $71,775 | $34.5 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $78,950 | $38 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$57,420
Gross Pay
Real Wage (Purchasing Power)
$57,420
Adjusted for COL (100)
The average annual salary of $57,420 in Traverse City aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is comparable to the national standard, making it a neutral factor in relocation decisions from a purely cost-of-living perspective.
Job Market Context
3,650
Total Jobs
54.343
Per 1K Jobs
1.32
Location Quotient
With a location quotient of 1.32, Traverse City, MI has a slightly higher-than-average concentration of Construction and Extraction Occupations roles compared to the national norm.
With a location quotient of 1.32, Traverse City demonstrates a higher concentration of Construction and Extraction Occupations compared to the national average. This suggests a specialized and potentially competitive market where demand for these skills is relatively strong, offering good opportunities for those in the field.
Nearby Job Markets
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Traverse City, MI?
The median annual salary for a Construction and Extraction Occupations in Traverse City, MI is $57,420. This typically ranges from $37,670 for entry-level positions to $78,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Traverse City, MI is 10.3% lower than the national median of $64,030.
Is Traverse City, MI a lucrative place for Construction and Extraction Occupationss?
Moderately. While the salary is below the national average, the cost of living is also average, and the job concentration is higher than average.The average salary of $57,420 is lower than the national average, but the cost of living is exactly at the national average. The higher-than-average location quotient indicates strong local demand for these roles.
Is Traverse City, MI a good place to live for Construction and Extraction Occupations?
The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.
How does Traverse City's construction salary compare to the national average?
The average salary for Construction and Extraction Occupations in Traverse City is $57,420, which is below the national average of $64,030.
What is the concentration of construction jobs in Traverse City?
Traverse City has a location quotient of 1.32 for these occupations, meaning the jobs are 32% more concentrated than the national average.
Does the cost of living affect the value of the Traverse City salary?
No, the cost of living in Traverse City is at the national average (100), so the $57,420 salary has comparable purchasing power to the national average salary.
How many construction and extraction jobs are there in Traverse City?
There are approximately 54.34 jobs per 1,000 workers in Traverse City within the Construction and Extraction Occupations sector, with a total local workforce of 3,650.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,650 employees in the Traverse City, MI area with a job density of 54.343 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Traverse City, MI