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Average Industrial Production Managers Salary in Waterbury-Shelton, CT

Industrial Production Managers in Waterbury-Shelton, CT, command an average annual salary of $122,300. This figure is slightly below the national average of $129,180, suggesting that while the role is well-compensated, local market dynamics and industry concentration play a significant role in compensation levels.

Executive Summary

  • Average Salary: $122,300 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $188,350.
  • Outlook: The Waterbury-Shelton, CT area supports a local workforce of 370 Industrial Production Managers. With a Location Quotient of 1.54, indicating a concentration 54% higher than the national average, the demand for these professionals in the region is notably robust, suggesting a stable and potentially growing job market.
2024 Market Data

Salary Overview

$122,300

The average Industrial Production Managers in Waterbury-Shelton, CT earns-5.3%below the national average.

BreakdownBased on 40h/week
Hourly

$58.8

Weekly

$2,352

Monthly

$10,192

Industrial Production Managers Salary Distribution in Waterbury-Shelton, CT

Salary progression for Industrial Production Managers in Waterbury-Shelton, CT, typically shows a significant increase with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive leadership and operational expertise can command salaries in the upper percentiles, reflecting a clear career growth trajectory.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$68,220$32.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$91,725$44.1
ManagerOversees team, compliance, and project delivery.50% (Median)$115,400$55.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$152,875$73.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$188,350$90.6

Detailed Industrial Production Managers Market Analysis

Relocation Context

Nominal Salary

$122,300

Gross Pay

Real Wage (Purchasing Power)

$122,300

Adjusted for COL (100)

The nominal average salary of $122,300 in Waterbury-Shelton, CT, is perfectly aligned with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of an Industrial Production Manager's salary in this area is equivalent to the national standard, offering stability for those relocating.

Job Market Context

370

Total Jobs

2.335

Per 1K Jobs

1.54

Location Quotient

Major Hub

Waterbury-Shelton, CT has 1.5x 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 1.54 signifies that Industrial Production Managers are more concentrated in Waterbury-Shelton, CT, than the national average. This suggests a specialized and potentially competitive market where employers may actively seek experienced talent, and professionals benefit from a higher density of relevant opportunities.

Nearby Job Markets

Nearby Cities for Industrial Production Managers

Comparing salaries near Waterbury-Shelton, CT

Hiring Industrial Production Managerss?

Frequently Asked Questions

How much does a Industrial Production Managers make in Waterbury-Shelton, CT?

The median annual salary for a Industrial Production Managers in Waterbury-Shelton, CT is $122,300. This typically ranges from $68,220 for entry-level positions to $188,350 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Waterbury-Shelton, CT is 5.3% lower than the national median of $129,180.

Is Waterbury-Shelton, CT a lucrative place for Industrial Production Managers?

Yes, it offers competitive compensation.With an average salary of $122,300 and a cost of living matching the national average, Waterbury-Shelton, CT provides a stable financial environment for Industrial Production Managers.

Is Waterbury-Shelton, CT a good place to live for Industrial Production Managers?

The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Waterbury-Shelton, CT?

Some top paying nearby cities include Connecticut nonmetropolitan area ($131,490) and New Haven, CT.

How does the local salary compare to the national average?

The average salary for Industrial Production Managers in Waterbury-Shelton, CT is $122,300, which is slightly below the national average of $129,180.

What is the concentration of Industrial Production Managers in Waterbury-Shelton, CT?

The concentration, measured by the Location Quotient, is 1.54, meaning there are 54% more Industrial Production Managers in this area compared to the national average.

How does the cost of living affect the salary in Waterbury-Shelton, CT?

The Cost of Living Index is 100, which is the national average. This means the $122,300 salary has the same purchasing power as the national average salary.

What is the total workforce size for this role in Waterbury-Shelton, CT?

There are approximately 370 Industrial Production Managers employed in the Waterbury-Shelton, CT area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Waterbury-Shelton, CT area with a job density of 2.335 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.