Average Foundry Mold and Coremakers Salary in Alabama
Foundry Mold and Coremakers in Alabama earn an average annual salary of $45,190, slightly below the national average of $46,830. This difference is often influenced by regional economic factors, industry concentration, and the overall demand within the state's manufacturing sector.
Executive Summary
- Average Salary: $45,190 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,320.
- Outlook: With a local workforce of 650 professionals, the Foundry Mold and Coremaker field in Alabama demonstrates a notable presence. The high Location Quotient of 3.75 indicates a significantly higher concentration of these roles in Alabama compared to the national average, suggesting robust demand and a specialized labor market within the state.
Salary Overview
The average Foundry Mold and Coremakers in Alabama earns-3.5%below the national average.
$21.7
$869
$3,766
Foundry Mold and Coremakers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Foundry Mold and Coremakers in Alabama have seen gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for manufactured goods, and the need to attract and retain skilled labor in a competitive environment.
Foundry Mold and Coremakers Salary Distribution in Alabama
Career progression for Foundry Mold and Coremakers in Alabama typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries, reflecting the percentile gaps in earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $38,170 | $18.4 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $33,893 | $16.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $45,720 | $22 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $56,488 | $27.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $57,320 | $27.6 |
Detailed Foundry Mold and Coremakers Market Analysis
Relocation Context
Nominal Salary
$45,190
Gross Pay
Real Wage (Purchasing Power)
$51,294
Adjusted for COL (88.1)
The average annual salary of $45,190 in Alabama presents a favorable financial situation when considering the state's Cost of Living Index of 88.1. This index, being below the national average of 100, means that the purchasing power of an Alabama-based salary is effectively higher, allowing for greater savings or disposable income compared to living in a higher cost-of-living area.
Job Market Context
650
Total Jobs
0.31
Per 1K Jobs
3.75
Location Quotient
Alabama has 3.8x the national concentration of Foundry Mold and Coremakers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Alabama's Location Quotient of 3.75 for Foundry Mold and Coremakers signifies a highly concentrated market. This indicates that the state is a significant hub for this profession, with a demand that outpaces the national average relative to its workforce size, suggesting a competitive but potentially rewarding environment for skilled individuals.
Nearby Job Markets
Nearby Cities for Foundry Mold and Coremakers
| City | Salary | Dist. |
|---|---|---|
| Anniston-Oxford, AL Foundry Mold and Coremakers Salary | $44,440↓ 2% | 82 mi |
Comparing salaries near Alabama
Hiring Foundry Mold and Coremakerss?
Frequently Asked Questions
How much does a Foundry Mold and Coremakers make in Alabama?
The median annual salary for a Foundry Mold and Coremakers in Alabama is $45,190. This typically ranges from $38,170 for entry-level positions to $57,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Alabama is 3.5% lower than the national median of $46,830.
Is Alabama a lucrative place for Foundry Mold and Coremakerss?
Yes, with a strong caveat regarding the national average.While the average salary is slightly below the national figure, Alabama's significantly lower cost of living enhances the real value of the $45,190 salary. The high concentration of these jobs also points to strong local demand.
Is Alabama a good place to live for Foundry Mold and Coremakers?
With a Cost of Living Index of 88.1 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Alabama?
Some top paying nearby cities include Anniston-Oxford, AL ($44,440) and others.
How does Alabama's cost of living affect salary perception?
Alabama's cost of living index of 88.1 means that $45,190 effectively buys more goods and services than it would in a national average cost-of-living area, making the salary more impactful locally.
What does a Location Quotient of 3.75 mean for job seekers?
A Location Quotient of 3.75 indicates that Foundry Mold and Coremaker roles are 3.75 times more concentrated in Alabama than the national average, suggesting a robust and specialized job market.
How many Foundry Mold and Coremakers are there in Alabama?
There are approximately 650 Foundry Mold and Coremakers employed within Alabama, representing a significant portion of the state's skilled manufacturing workforce.
Are Foundry Mold and Coremaker jobs in high demand in Alabama?
The high Location Quotient suggests strong demand relative to the national average, indicating that this profession is well-established and sought after within Alabama's industrial landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Alabama area with a job density of 0.31 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Foundry Mold and Coremakers • Data source: BLS OEWS 2024 •Jobs in Alabama