Average Industrial Production Managers Salary in Memphis, TN-MS-AR
Industrial Production Managers in the Memphis, TN-MS-AR area earn an average annual salary of $113,250. This figure is notably below the national average of $129,180, suggesting that local market dynamics and industry concentration play a significant role in compensation within this region. Factors such as the specific industrial landscape and demand within the immediate Memphis metropolitan area likely influence this pay scale.
Executive Summary
- Average Salary: $113,250 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,230.
- Outlook: The Memphis region supports a local workforce of 960 Industrial Production Managers, with a jobs-per-1,000-workers ratio of 1.541. This indicates a stable, albeit not exceptionally concentrated, demand for these professionals. The Location Quotient of 1.01 suggests that the concentration of these roles in Memphis is very close to the national average, implying a balanced job market with consistent opportunities for skilled individuals.
Salary Overview
The average Industrial Production Managers in Memphis, TN-MS-AR earns-12.3%below the national average.
$54.5
$2,178
$9,438
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is generally assumed that salaries for Industrial Production Managers nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for efficient production, and the evolving complexities of supply chain management. This trend likely extends to the Memphis area, with compensation for these roles gradually increasing to reflect broader economic conditions and industry advancements.
Industrial Production Managers Salary Distribution in Memphis, TN-MS-AR
The career trajectory for an Industrial Production Manager typically involves significant salary progression based on experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive leadership experience and a proven track record in optimizing production processes can command salaries in the upper percentiles. The widening gap between entry-level and senior-level salaries clearly signifies substantial career advancement opportunities and increased earning potential with accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,220 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,938 | $40.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,610 | $49.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $141,563 | $68.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,230 | $83.3 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$113,250
Gross Pay
Real Wage (Purchasing Power)
$113,250
Adjusted for COL (100)
The average annual salary of $113,250 for Industrial Production Managers in Memphis aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the salary in Memphis is equivalent to the national average. Therefore, relocating to Memphis for this role offers a stable financial standing relative to the rest of the country, without the immediate pressure of a significantly higher or lower cost of living impacting disposable income.
Job Market Context
960
Total Jobs
1.541
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Industrial Production Managers roles compared to the national norm.
With a Location Quotient of 1.01, the Memphis, TN-MS-AR area exhibits a job market for Industrial Production Managers that is almost perfectly aligned with the national average in terms of concentration. This suggests a competitive yet stable environment where the number of available positions closely mirrors the national distribution relative to the workforce size. Professionals can expect a market that is neither oversaturated nor exceptionally scarce, offering a balanced landscape for career opportunities.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Industrial Production Managers Salary | $114,800↑ 1% | 64 mi |
| Jackson, TN Industrial Production Managers Salary | $112,030↓ 1% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Memphis, TN-MS-AR?
The median annual salary for a Industrial Production Managers in Memphis, TN-MS-AR is $113,250. This typically ranges from $48,220 for entry-level positions to $173,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 12.3% lower than the national median of $129,180.
Is Memphis, TN-MS-AR a lucrative place for Industrial Production Managers?
Yes, with caveats.The average salary of $113,250 is competitive within a cost of living that matches the national average. While below the national average salary, the stable job market concentration indicates consistent opportunities.
Is Memphis, TN-MS-AR a good place to live for Industrial Production Managers?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($114,800) and Jackson, TN.
How does the Memphis salary compare to the national average?
The average salary for Industrial Production Managers in Memphis is $113,250, which is lower than the national average of $129,180.
What is the cost of living in Memphis compared to the national average?
Memphis has a cost of living index of 100, which is exactly the national average, meaning your salary's purchasing power is standard.
How concentrated are Industrial Production Manager jobs in Memphis?
The concentration is very close to the national average, with a Location Quotient of 1.01, indicating a balanced job market.
What is the total number of Industrial Production Managers in Memphis?
There are approximately 960 Industrial Production Managers employed in the Memphis, TN-MS-AR area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 960 employees in the Memphis, TN-MS-AR area with a job density of 1.541 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 Memphis, TN-MS-AR