Average Industrial Production Managers Salary in Lexington-Fayette, KY
Industrial Production Managers in Lexington-Fayette, KY, command an average annual salary of $118,460. This figure is notably close to the national average of $129,180, suggesting a competitive market influenced by regional industrial demands and the cost of living. The specific economic landscape of Lexington-Fayette, KY, plays a crucial role in shaping compensation for these vital operational leaders.
Executive Summary
- Average Salary: $118,460 per year.
- Growth Trend: Salaries have shifted 15.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,790.
- Outlook: The industrial production management sector in Lexington-Fayette, KY, demonstrates a healthy concentration, as indicated by a Location Quotient of 1.38, which is above the national average. With a local workforce of 590 professionals in this role and 2.101 jobs per 1,000 workers, the demand appears robust and suggests a stable, if not growing, job market for experienced managers.
Salary Overview
The average Industrial Production Managers in Lexington-Fayette, KY earns-8.3%below the national average.
$57
$2,278
$9,872
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Industrial Production Managers in Lexington-Fayette, KY, have experienced steady growth over the past four years, mirroring national trends. Economic expansion, increased manufacturing output, and the evolving complexities of production management likely contribute to upward pressure on compensation, ensuring that professionals in this field see their earning potential increase.
Industrial Production Managers Salary Distribution in Lexington-Fayette, KY
Salary progression for Industrial Production Managers in Lexington-Fayette, KY, typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive leadership and operational expertise can command salaries in the higher percentiles. The gap between entry-level and senior-level compensation clearly signifies the career progression and increased responsibilities associated with advancing in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $71,380 | $34.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,845 | $42.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,390 | $51.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,075 | $71.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,790 | $83.1 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$118,460
Gross Pay
Real Wage (Purchasing Power)
$118,460
Adjusted for COL (100)
The average annual salary of $118,460 in Lexington-Fayette, KY, is particularly attractive when considered against the local Cost of Living Index of 100, which is precisely at the national average. This means that the purchasing power of an Industrial Production Manager's salary in this region is equivalent to the national standard, making it a financially stable location for professionals.
Job Market Context
590
Total Jobs
2.101
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 Industrial Production Managers roles compared to the national norm.
A Location Quotient of 1.38 indicates that Industrial Production Managers are more concentrated in Lexington-Fayette, KY, than the national average. This suggests a specialized and potentially competitive market where employers may actively seek out talent with specific regional experience, while also offering opportunities for those looking to enter a field with established demand.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Industrial Production Managers Salary | $110,340↓ 7% | 28 mi |
| South Central Kentucky nonmetropolitan area Industrial Production Managers Salary | $103,050↓ 13% | 28 mi |
| West Kentucky nonmetropolitan area Industrial Production Managers Salary | $105,820↓ 11% | 28 mi |
| East Kentucky nonmetropolitan area Industrial Production Managers Salary | $89,510↓ 24% | 28 mi |
| Louisville/Jefferson County, KY-IN Industrial Production Managers Salary | $119,270↑ 1% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Lexington-Fayette, KY?
The median annual salary for a Industrial Production Managers in Lexington-Fayette, KY is $118,460. This typically ranges from $71,380 for entry-level positions to $172,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 8.3% lower than the national median of $129,180.
Is Lexington-Fayette, KY a lucrative place for Industrial Production Managers?
Yes, it offers competitive compensation relative to the cost of living.With an average salary of $118,460 and a cost of living index matching the national average, Lexington-Fayette, KY, presents a financially sound environment for Industrial Production Managers.
Is Lexington-Fayette, KY a good place to live for Industrial Production 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 ($110,340) and South Central Kentucky nonmetropolitan area.
How does the local workforce size impact salary?
A local workforce of 590 suggests a substantial pool of talent, which can influence salary negotiations based on supply and demand dynamics within the region.
What does a Location Quotient of 1.38 mean for job seekers?
A Location Quotient above 1.0 signifies a higher concentration of this profession in Lexington-Fayette, KY, indicating potentially greater job opportunities and employer demand compared to national averages.
How does the cost of living affect the $118,460 salary?
With a Cost of Living Index of 100, the $118,460 salary in Lexington-Fayette, KY, offers purchasing power equivalent to the national average, making it a stable financial proposition.
Are there many Industrial Production Manager jobs per capita in Lexington-Fayette, KY?
Yes, with 2.101 jobs per 1,000 workers, Lexington-Fayette, KY, shows a strong per capita presence of Industrial Production Manager roles, suggesting good availability.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 590 employees in the Lexington-Fayette, KY area with a job density of 2.101 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 Lexington-Fayette, KY