Average Human Resources Managers Salary in Lexington-Fayette, KY
Human Resources Managers in Lexington-Fayette, KY earn an average annual salary of $126,600. This figure is notably below the national average of $164,620, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $126,600 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,490.
- Outlook: With a total local workforce of 250 Human Resources Managers, the market in Lexington-Fayette, KY, indicates a moderate presence. The Location Quotient of 0.62 further suggests that HR Manager roles are less concentrated here compared to the national average, implying a potentially stable but not oversaturated job market for these professionals.
Salary Overview
The average Human Resources Managers in Lexington-Fayette, KY earns-23.1%below the national average.
$60.9
$2,435
$10,550
Human Resources Managers Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette, KY is not provided, it is reasonable to assume that salaries for Human Resources Managers have experienced steady growth over the past four years, mirroring national trends. Economic expansion and evolving HR needs likely contribute to incremental increases in compensation, driven by inflation and the increasing strategic importance of HR functions.
Human Resources Managers Salary Distribution in Lexington-Fayette, KY
Career progression for Human Resources Managers in Lexington-Fayette, KY, is typically marked by significant salary increases. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a clear reward for accumulated expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $71,920 | $34.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,950 | $45.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,350 | $56.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $158,250 | $76.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $198,490 | $95.4 |
Detailed Human Resources Managers Market Analysis
Relocation Context
Nominal Salary
$126,600
Gross Pay
Real Wage (Purchasing Power)
$126,600
Adjusted for COL (100)
The average annual salary of $126,600 in Lexington-Fayette, KY, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an HR Manager's salary in this region is equivalent to the national average, offering a stable financial standing without the premium costs often associated with higher-cost-of-living areas.
Job Market Context
250
Total Jobs
0.87
Per 1K Jobs
0.62
Location Quotient
Lexington-Fayette, KY has 0.62x the national average concentration of Human Resources Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.62 for Human Resources Managers in Lexington-Fayette, KY, indicates that the demand for these roles is below the national average. This suggests that while opportunities exist, the market is not saturated, and HR Managers may face moderate competition for available positions, requiring strong qualifications and experience.
Nearby Job Markets
Nearby Cities for Human Resources Managers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Human Resources Managers Salary | $110,510↓ 13% | 28 mi |
| South Central Kentucky nonmetropolitan area Human Resources Managers Salary | $104,850↓ 17% | 28 mi |
| West Kentucky nonmetropolitan area Human Resources Managers Salary | $109,370↓ 14% | 28 mi |
| East Kentucky nonmetropolitan area Human Resources Managers Salary | $108,760↓ 14% | 28 mi |
| Louisville/Jefferson County, KY-IN Human Resources Managers Salary | $129,190↑ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Human Resources Managerss?
Frequently Asked Questions
How much does a Human Resources Managers make in Lexington-Fayette, KY?
The median annual salary for a Human Resources Managers in Lexington-Fayette, KY is $126,600. This typically ranges from $71,920 for entry-level positions to $198,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 23.1% lower than the national median of $164,620.
Is Lexington-Fayette, KY a lucrative place for Human Resources Managers?
No, not compared to the national average.While the average salary of $126,600 is substantial, it falls significantly short of the national average of $164,620. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Lexington-Fayette, KY a good place to live for Human Resources Managers?
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 ($110,510) and South Central Kentucky nonmetropolitan area.
What is the average salary for an HR Manager in Lexington-Fayette, KY?
The average annual salary for a Human Resources Manager in Lexington-Fayette, KY is $126,600.
How does the Lexington-Fayette, KY HR Manager salary compare to the national average?
The average salary in Lexington-Fayette, KY ($126,600) is lower than the national average of $164,620.
What does the Location Quotient of 0.62 mean for HR Managers in Lexington-Fayette, KY?
A Location Quotient of 0.62 signifies that HR Manager roles are less concentrated in Lexington-Fayette, KY, compared to the national average, indicating a less dense but potentially stable job market.
Is the cost of living high in Lexington-Fayette, KY for HR Managers?
No, the cost of living in Lexington-Fayette, KY is at the national average (100), meaning the $126,600 salary offers average purchasing power.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Lexington-Fayette, KY area with a job density of 0.87 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Human Resources Managers • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY