Average Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY, earn an average annual salary of $99,830. This figure is slightly below the national average of $105,800, indicating a localized compensation structure influenced by regional economic factors and demand within the Bluegrass State. The specific needs and economic landscape of Lexington-Fayette contribute to this distinct pay scale.
Executive Summary
- Average Salary: $99,830 per year.
- Growth Trend: Salaries have shifted 41.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,430.
- Outlook: Lexington-Fayette boasts a substantial local workforce of 24,270 individuals within Healthcare Practitioners and Technical Occupations, with 85.77 jobs per 1,000 workers. The Location Quotient of 1.38 signifies a notable concentration of these roles compared to the national average, suggesting a robust and potentially growing demand for skilled healthcare professionals in the area.
Salary Overview
The average Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY earns-5.6%below the national average.
$48
$1,920
$8,319
Healthcare Practitioners and Technical Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY, have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by increasing healthcare needs, advancements in medical technology, and ongoing efforts to attract and retain qualified professionals in the region.
Healthcare Practitioners and Technical Occupations Salary Distribution in Lexington-Fayette, KY
Salary progression for Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY, is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced degrees and specialized skills can expect significantly higher compensation. The percentile gaps in earnings clearly delineate career advancement pathways, rewarding expertise and tenure within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $40,250 | $19.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $74,873 | $36 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $80,320 | $38.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $124,788 | $60 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $169,430 | $81.5 |
Detailed Healthcare Practitioners and Technical Occupations Market Analysis
Relocation Context
Nominal Salary
$99,830
Gross Pay
Real Wage (Purchasing Power)
$99,830
Adjusted for COL (100)
The average annual salary of $99,830 in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a stable financial environment for professionals considering a move to the area.
Job Market Context
24,270
Total Jobs
85.77
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Lexington-Fayette, KY has a slightly higher-than-average concentration of Healthcare Practitioners and Technical Occupations roles compared to the national norm.
With a Location Quotient of 1.38, Lexington-Fayette, KY, demonstrates a higher concentration of Healthcare Practitioners and Technical Occupations than the national average. This suggests a competitive yet abundant job market, where demand for these specialized roles is strong, potentially leading to more opportunities and a dynamic employment landscape for professionals in this sector.
Nearby Job Markets
Nearby Cities for Healthcare Practitioners and Technical Occupations
Comparing salaries near Lexington-Fayette, KY
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Frequently Asked Questions
How much does a Healthcare Practitioners and Technical Occupations make in Lexington-Fayette, KY?
The median annual salary for a Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY is $99,830. This typically ranges from $40,250 for entry-level positions to $169,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 5.6% lower than the national median of $105,800.
Is Lexington-Fayette, KY a lucrative place for Healthcare Practitioners and Technical Occupationss?
Yes, with caveats.The average salary is slightly below the national average, but the cost of living is also at the national average, making it financially comparable. The strong concentration of these roles indicates good job availability.
Is Lexington-Fayette, KY a good place to live for Healthcare Practitioners and Technical Occupations?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($81,700) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette salary compare to the national average?
The average annual salary for Healthcare Practitioners and Technical Occupations in Lexington-Fayette, KY, is $99,830, which is slightly lower than the national average of $105,800.
What is the significance of the Location Quotient in Lexington-Fayette?
A Location Quotient of 1.38 indicates that Healthcare Practitioners and Technical Occupations are 38% more concentrated in Lexington-Fayette than the national average, suggesting a strong presence and demand for these roles.
How does the cost of living affect the salary in Lexington-Fayette?
The cost of living in Lexington-Fayette is at the national average (100), meaning the $99,830 salary offers purchasing power equivalent to the national average, making it a stable financial proposition.
What does the number of jobs per 1,000 workers tell us about the market?
With 85.77 jobs per 1,000 workers, Lexington-Fayette has a significant number of Healthcare Practitioners and Technical Occupations roles relative to its population, indicating a healthy job market for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 24,270 employees in the Lexington-Fayette, KY area with a job density of 85.77 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Healthcare Practitioners and Technical Occupations • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY