Average Industrial Engineers Salary in Lexington-Fayette, KY
Industrial Engineers in Lexington-Fayette, KY, command an average annual salary of $103,740. This figure is slightly below the national average of $107,860, suggesting a localized market dynamic that influences compensation. Factors such as regional industry demand and the specific economic landscape of Lexington-Fayette contribute to this pay scale.
Executive Summary
- Average Salary: $103,740 per year.
- Growth Trend: Salaries have shifted 29.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,050.
- Outlook: The industrial engineering job market in Lexington-Fayette, KY, appears robust, with a total local workforce of 1,050 professionals. The Location Quotient of 1.64 significantly exceeds the national average, indicating a higher concentration of these roles in the region compared to the rest of the country. This suggests a strong demand and a potentially stable job market for industrial engineers in this area.
Salary Overview
The average Industrial Engineers in Lexington-Fayette, KY earns-3.8%below the national average.
$49.9
$1,995
$8,645
Industrial Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that industrial engineer salaries in Lexington-Fayette, KY, have experienced growth over the past four years, mirroring national trends. Economic expansion, increased demand for process optimization, and inflation typically drive salary increases for skilled professionals in technical fields.
Industrial Engineers Salary Distribution in Lexington-Fayette, KY
Salary progression for Industrial Engineers in Lexington-Fayette, KY, is strongly tied to experience. Entry-level positions typically start at lower percentiles, while senior engineers with extensive expertise and proven track records can command salaries in the higher percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and the value placed on accumulated knowledge and skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $74,830 | $36 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $77,805 | $37.4 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $103,460 | $49.7 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $129,675 | $62.3 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $139,050 | $66.9 |
Detailed Industrial Engineers Market Analysis
Relocation Context
Nominal Salary
$103,740
Gross Pay
Real Wage (Purchasing Power)
$103,740
Adjusted for COL (100)
An average annual salary of $103,740 in Lexington-Fayette, KY, offers excellent purchasing power, as the local Cost of Living Index is precisely at the national average of 100. This means that the nominal salary translates directly to the national average in terms of what it can buy, making it a financially stable location for industrial engineers.
Job Market Context
1,050
Total Jobs
3.715
Per 1K Jobs
1.64
Location Quotient
Lexington-Fayette, KY has 1.6x the national concentration of Industrial Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.64 for Industrial Engineers in Lexington-Fayette, KY, signifies a market with a notably higher concentration of these professionals than the national average. This suggests that the region has a specialized demand for industrial engineering talent, potentially leading to more opportunities and a competitive environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Industrial Engineers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Industrial Engineers Salary | $96,560↓ 7% | 28 mi |
| South Central Kentucky nonmetropolitan area Industrial Engineers Salary | $87,900↓ 15% | 28 mi |
| West Kentucky nonmetropolitan area Industrial Engineers Salary | $90,330↓ 13% | 28 mi |
| Louisville/Jefferson County, KY-IN Industrial Engineers Salary | $98,110↓ 5% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Industrial Engineerss?
Frequently Asked Questions
How much does a Industrial Engineers make in Lexington-Fayette, KY?
The median annual salary for a Industrial Engineers in Lexington-Fayette, KY is $103,740. This typically ranges from $74,830 for entry-level positions to $139,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 3.8% lower than the national median of $107,860.
Is Lexington-Fayette, KY a lucrative place for Industrial Engineers?
Yes, it offers strong earning potential relative to the cost of living.With an average salary of $103,740 and a cost of living at the national average, industrial engineers can maintain a strong standard of living. The high concentration of these roles (LQ 1.64) also points to a healthy job market.
Is Lexington-Fayette, KY a good place to live for Industrial Engineers?
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 ($96,560) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette, KY salary compare to the national average?
The average annual salary for Industrial Engineers in Lexington-Fayette, KY, is $103,740, which is slightly lower than the national average of $107,860.
What is the concentration of Industrial Engineers in Lexington-Fayette, KY?
Lexington-Fayette, KY, has a Location Quotient of 1.64 for Industrial Engineers, indicating that the area has 64% more of these professionals than the national average.
How does the cost of living in Lexington-Fayette, KY, affect the salary?
The cost of living in Lexington-Fayette, KY, is at the national average (100), meaning the $103,740 salary has the same purchasing power as the national average salary.
What does the number of jobs per 1,000 workers indicate for Industrial Engineers in Lexington-Fayette, KY?
With 3.715 jobs per 1,000 workers, Lexington-Fayette, KY, shows a solid presence of industrial engineering roles within the local workforce, aligning with the higher concentration indicated by the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,050 employees in the Lexington-Fayette, KY area with a job density of 3.715 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Engineers • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY