Average Industrial Production Managers Salary in Waco, TX
Industrial Production Managers in Waco, TX, earn an average annual salary of $117,650. This figure is notably below the national average of $129,180, suggesting local economic factors or industry-specific demand may influence compensation. While slightly lower than the national benchmark, Waco's specific market dynamics shape this salary offering.
Executive Summary
- Average Salary: $117,650 per year.
- Growth Trend: Salaries have shifted 1.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,980.
- Outlook: Waco, TX, hosts a concentrated workforce of 250 Industrial Production Managers, indicated by a Location Quotient of 1.28. This suggests a slightly higher concentration of these roles compared to the national average, implying a stable, albeit not rapidly expanding, demand for experienced professionals within the local industrial sector. The presence of nearly 2 jobs per 1,000 workers further supports a consistent need for these management positions.
Salary Overview
The average Industrial Production Managers in Waco, TX earns-8.9%below the national average.
$56.6
$2,263
$9,804
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that salaries for Industrial Production Managers in the region have experienced a gradual upward trend over the past four years, mirroring national patterns of wage growth driven by inflation and increasing demand for skilled management. This general growth trajectory likely contributes to the current average salary, reflecting an evolving economic landscape.
Industrial Production Managers Salary Distribution in Waco, TX
The career path for an Industrial Production Manager typically involves significant salary progression based on experience. Entry-level positions often start at lower percentiles, while seasoned professionals with a proven track record in optimizing production and managing teams can command salaries in the higher percentiles. The variance in pay within Waco reflects these differences, with senior roles substantially out-earning those new to the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,220 | $30.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,238 | $42.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $107,310 | $51.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,063 | $70.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,980 | $83.6 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$117,650
Gross Pay
Real Wage (Purchasing Power)
$117,650
Adjusted for COL (100)
The average annual salary of $117,650 in Waco, TX, aligns perfectly with the national average cost of living, as indicated by an index of 100. This means that the purchasing power of an Industrial Production Manager's salary in Waco is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
250
Total Jobs
1.943
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, Waco, TX has a slightly higher-than-average concentration of Industrial Production Managers roles compared to the national norm.
With a Location Quotient of 1.28, Waco, TX, exhibits a slightly higher concentration of Industrial Production Managers than the national average. This indicates a localized demand and a potentially competitive market where employers may seek specialized skills. While not a major hub, the concentration suggests a robust local industry that values and actively recruits for these critical management roles.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
Comparing salaries near Waco, TX
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Waco, TX?
The median annual salary for a Industrial Production Managers in Waco, TX is $117,650. This typically ranges from $63,220 for entry-level positions to $173,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 8.9% lower than the national median of $129,180.
Is Waco, TX a lucrative place for Industrial Production Managers?
Yes, with caveats.The average salary of $117,650 is competitive given the national average cost of living. However, it is below the national average salary for the role, suggesting potential for higher earnings elsewhere.
Is Waco, TX a good place to live for Industrial Production Managers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($119,100) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's cost of living compare to the national average for Industrial Production Managers?
Waco's cost of living index is exactly 100, matching the national average. This means the $117,650 salary offers purchasing power equivalent to the national average.
Is there high demand for Industrial Production Managers in Waco?
The Location Quotient of 1.28 suggests a slightly higher concentration of these roles than the national average, indicating a steady local demand.
What is the average salary for an Industrial Production Manager in Waco, TX?
The average annual salary for an Industrial Production Manager in Waco, TX, is $117,650.
How does the Waco salary compare to the national average?
The average salary in Waco ($117,650) is approximately 9.1% lower than the national average salary of $129,180 for Industrial Production Managers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Waco, TX area with a job density of 1.943 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 Waco, TX