Average Industrial Production Managers Salary in Madison, WI
Industrial Production Managers in Madison, WI, command an impressive average annual salary of $132,910. This figure notably surpasses the national average of $129,180, indicating a strong local demand for these critical operational roles. The specialized nature of industrial production management, coupled with Madison's economic landscape, likely contributes to this elevated compensation.
Executive Summary
- Average Salary: $132,910 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,770.
- Outlook: With a local workforce of 810 Industrial Production Managers and a Location Quotient of 1.31, Madison, WI, demonstrates a robust and concentrated job market for this profession. The quotient exceeding the national average signifies a higher prevalence of these roles locally, suggesting a stable and potentially growing demand that outpaces the general U.S. trend.
Salary Overview
The average Industrial Production Managers in Madison, WI earns+2.9%above the national average.
$63.9
$2,556
$11,076
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 Madison, WI, have experienced consistent growth over the past four years, mirroring national trends of increasing compensation for skilled management positions. This upward trajectory is often driven by inflation, evolving industry demands, and the increasing complexity of manufacturing and production processes.
Industrial Production Managers Salary Distribution in Madison, WI
The career path for an Industrial Production Manager typically involves significant salary progression based on experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The gap between entry-level and senior roles underscores the value placed on accumulated knowledge, leadership skills, and strategic decision-making capabilities in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,640 | $39.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,683 | $47.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,730 | $59 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $166,138 | $79.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,770 | $98 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$132,910
Gross Pay
Real Wage (Purchasing Power)
$132,910
Adjusted for COL (100)
The average annual salary of $132,910 in Madison, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national standard, offering a stable financial environment for professionals considering a move to or within the city.
Job Market Context
810
Total Jobs
1.989
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Madison, WI has a slightly higher-than-average concentration of Industrial Production Managers roles compared to the national norm.
Madison, WI, exhibits a notable concentration of Industrial Production Managers, as evidenced by its Location Quotient of 1.31. This suggests that the job market is more specialized and potentially more competitive than the national average, with employers actively seeking candidates with specific industrial production expertise. The higher concentration indicates a strong local industry presence requiring these management skills.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Industrial Production Managers Salary | $128,820↓ 3% | 33 mi |
| Rockford, IL Industrial Production Managers Salary | $117,230↓ 12% | 59 mi |
| Fond du Lac, WI Industrial Production Managers Salary | $116,200↓ 13% | 68 mi |
| Milwaukee-Waukesha, WI Industrial Production Managers Salary | $128,030↓ 4% | 72 mi |
| Oshkosh-Neenah, WI Industrial Production Managers Salary | $131,240↓ 1% | 77 mi |
Comparing salaries near Madison, WI
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Madison, WI?
The median annual salary for a Industrial Production Managers in Madison, WI is $132,910. This typically ranges from $82,640 for entry-level positions to $203,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 2.9% higher than the national median of $129,180.
Is Madison, WI a lucrative place for Industrial Production Managers?
Yes, Madison, WI is a lucrative location for Industrial Production Managers.The average salary of $132,910 significantly exceeds the national average, and the cost of living is on par with the national index, indicating strong purchasing power.
Is Madison, WI a good place to live for Industrial Production Managers?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($128,820) and Rockford, IL.
How does Madison's salary compare to the national average for this role?
Industrial Production Managers in Madison, WI, earn an average of $132,910 annually, which is higher than the national average of $129,180.
What does the Location Quotient of 1.31 mean for job seekers?
A Location Quotient of 1.31 indicates that Madison, WI, has a higher concentration of Industrial Production Manager jobs compared to the national average, suggesting a potentially robust and specialized job market.
Is the cost of living in Madison, WI a factor in the salary?
The cost of living in Madison, WI, is exactly at the national average (100). This means the higher salary of $132,910 offers strong purchasing power relative to the rest of the country.
How many Industrial Production Managers are there in Madison, WI?
There are approximately 810 Industrial Production Managers employed in the Madison, WI area, representing 1.989 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Madison, WI area with a job density of 1.989 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 Madison, WI