Average Industrial Production Managers Salary in Lafayette-West Lafayette, IN
Industrial Production Managers in Lafayette-West Lafayette, IN, command an average annual salary of $116,290. This figure is notably below the national average of $129,180, suggesting that while the role is present, local economic factors or industry specifics may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $116,290 per year.
- Growth Trend: Salaries have shifted 2.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,030.
- Outlook: The Lafayette-West Lafayette area supports a dedicated workforce of 320 Industrial Production Managers. With a Location Quotient of 2.08, this indicates a concentration of these roles that is more than double the national average, suggesting a robust demand and a significant presence of this profession within the local economy.
Salary Overview
The average Industrial Production Managers in Lafayette-West Lafayette, IN earns-10.0%below the national average.
$55.9
$2,236
$9,691
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette is not provided, it is generally assumed that salaries for Industrial Production Managers have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for skilled management in production, and the evolving complexities of manufacturing processes.
Industrial Production Managers Salary Distribution in Lafayette-West Lafayette, IN
The salary trajectory for an Industrial Production Manager typically escalates with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive leadership and operational expertise can command salaries in the upper percentiles. The widening gap between entry-level and senior roles highlights significant opportunities for career progression and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,770 | $37.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,218 | $41.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,110 | $50.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $145,363 | $69.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,030 | $80.3 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$116,290
Gross Pay
Real Wage (Purchasing Power)
$116,290
Adjusted for COL (100)
The average annual salary of $116,290 in Lafayette-West Lafayette aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Industrial Production Manager's salary in this area is equivalent to the national standard, offering a stable financial environment without the added pressure of a higher cost of living.
Job Market Context
320
Total Jobs
3.164
Per 1K Jobs
2.08
Location Quotient
Lafayette-West Lafayette, IN has 2.1x the national concentration of Industrial Production Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 2.08 signifies that Industrial Production Managers are significantly more concentrated in Lafayette-West Lafayette than the national average. This suggests a highly specialized and potentially competitive job market where employers may actively seek out experienced professionals, and the demand for these roles is a defining characteristic of the local industrial landscape.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Industrial Production Managers Salary | $116,530↑ 0% | 39 mi |
| Northern Indiana nonmetropolitan area Industrial Production Managers Salary | $109,160↓ 6% | 50 mi |
| Southern Indiana nonmetropolitan area Industrial Production Managers Salary | $105,280↓ 9% | 50 mi |
| Central Indiana nonmetropolitan area Industrial Production Managers Salary | $110,700↓ 5% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Industrial Production Managers Salary | $131,260↑ 13% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Lafayette-West Lafayette, IN?
The median annual salary for a Industrial Production Managers in Lafayette-West Lafayette, IN is $116,290. This typically ranges from $77,770 for entry-level positions to $167,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 10.0% lower than the national median of $129,180.
Is Lafayette-West Lafayette, IN a lucrative place for Industrial Production Managers?
Yes, it offers strong earning potential relative to the cost of living.While the average salary is slightly below the national average, the cost of living is also at the national average, making the $116,290 salary highly competitive. The significant concentration of these roles (LQ 2.08) further indicates a robust local market.
Is Lafayette-West Lafayette, IN a good place to live for Industrial Production Managers?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($116,530) and Northern Indiana nonmetropolitan area.
What is the average salary for an Industrial Production Manager in Lafayette-West Lafayette, IN?
The average annual salary for an Industrial Production Manager in Lafayette-West Lafayette, IN is $116,290.
How does the Lafayette-West Lafayette salary compare to the national average?
The average salary of $116,290 in Lafayette-West Lafayette is below the national average of $129,180.
What is the Cost of Living Index in Lafayette-West Lafayette, IN?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100, which is exactly the national average.
Is there high demand for Industrial Production Managers in Lafayette-West Lafayette, IN?
Yes, the Location Quotient of 2.08 indicates a concentration of Industrial Production Managers that is more than double the national average, suggesting strong local demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Lafayette-West Lafayette, IN area with a job density of 3.164 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 Production Managers • Data source: BLS OEWS 2024 •Jobs in Lafayette-West Lafayette, IN