In Lafayette-West Lafayette, IN, professionals in Installation, Maintenance, and Repair Occupations earn an average annual salary of $58,510. This figure is slightly below the national average of $61,410, a common occurrence in regions with a cost of living that aligns precisely with the national benchmark. Local economic factors and industry demand within the Lafayette-West Lafayette area contribute to this specific compensation level.
Executive Summary
- Average Salary: $58,510 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,820.
- Outlook: The Lafayette-West Lafayette, IN job market for Installation, Maintenance, and Repair Occupations is stable, with a total local workforce of 3,990 individuals. A Location Quotient of 1.0 indicates that the concentration of these roles in Lafayette-West Lafayette is on par with the national average, suggesting a consistent and steady demand for skilled professionals in this sector within the region.
Salary Overview
The average Installation, Maintenance, and Repair Occupations in Lafayette-West Lafayette, IN earns-4.7%below the national average.
$28.1
$1,125
$4,876
Installation, Maintenance, and Repair Occupations Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette's Installation, Maintenance, and Repair Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic recovery, increased demand for services, and inflation typically drive upward adjustments in compensation for skilled trades, suggesting that professionals in this field have likely seen their earnings increase.
Installation, Maintenance, and Repair Occupations Salary Distribution in Lafayette-West Lafayette, IN
Within the Installation, Maintenance, and Repair Occupations field, salary progression is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can significantly increase their earning potential. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, signifies clear opportunities for career advancement and substantial income growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $36,090 | $17.4 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $43,883 | $21.1 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $58,430 | $28.1 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $73,138 | $35.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $80,820 | $38.9 |
Detailed Installation, Maintenance, and Repair Occupations Market Analysis
Relocation Context
Nominal Salary
$58,510
Gross Pay
Real Wage (Purchasing Power)
$58,510
Adjusted for COL (100)
The average annual salary of $58,510 in Lafayette-West Lafayette, IN, is perfectly balanced by the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Lafayette-West Lafayette is equivalent to the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
3,990
Total Jobs
39.137
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Lafayette-West Lafayette, IN has a slightly higher-than-average concentration of Installation, Maintenance, and Repair Occupations roles compared to the national norm.
With a Location Quotient of 1.0, the job market for Installation, Maintenance, and Repair Occupations in Lafayette-West Lafayette, IN, is neither significantly more nor less concentrated than the national average. This suggests a balanced market where demand and supply for these roles are in equilibrium, indicating a stable employment landscape for skilled workers in this sector.
Nearby Job Markets
Nearby Cities for Installation, Maintenance, and Repair Occupations
Comparing salaries near Lafayette-West Lafayette, IN
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Frequently Asked Questions
How much does a Installation, Maintenance, and Repair Occupations make in Lafayette-West Lafayette, IN?
The median annual salary for a Installation, Maintenance, and Repair Occupations in Lafayette-West Lafayette, IN is $58,510. This typically ranges from $36,090 for entry-level positions to $80,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 4.7% lower than the national median of $61,410.
Is Lafayette-West Lafayette, IN a lucrative place for Installation, Maintenance, and Repair Occupationss?
No, not significantly more lucrative than the national average.The average salary of $58,510 is slightly below the national average, and the cost of living is exactly at the national average, indicating standard earning potential for the area.
Is Lafayette-West Lafayette, IN a good place to live for Installation, Maintenance, and Repair Occupations?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($67,740) and Northern Indiana nonmetropolitan area.
What is the average salary for Installation, Maintenance, and Repair Occupations in Lafayette-West Lafayette, IN?
The average annual salary for Installation, Maintenance, and Repair Occupations in Lafayette-West Lafayette, IN is $58,510.
How does the Lafayette-West Lafayette salary compare to the national average?
The average salary in Lafayette-West Lafayette ($58,510) is slightly lower than the national average ($61,410).
What is the cost of living in Lafayette-West Lafayette, IN?
The cost of living in Lafayette-West Lafayette, IN is 100, which is exactly the national average.
How concentrated are Installation, Maintenance, and Repair Occupations jobs in Lafayette-West Lafayette?
The concentration of these jobs, indicated by a Location Quotient of 1.0, is the same as the national average, suggesting a balanced market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,990 employees in the Lafayette-West Lafayette, IN area with a job density of 39.137 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Installation, Maintenance, and Repair Occupations • Data source: BLS OEWS 2024 •Jobs in Lafayette-West Lafayette, IN