Average Installation, Maintenance, and Repair Occupations Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, professionals in Installation, Maintenance, and Repair Occupations earn an average annual salary of $56,070. This figure is slightly below the national average of $61,410, suggesting that local market dynamics and economic factors play a significant role in compensation within this sector. While the nominal salary may appear lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $56,070 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,970.
- Outlook: The Installation, Maintenance, and Repair sector in Lexington-Fayette, KY, is robust, employing 11,230 individuals. With a Location Quotient of 1.01, the concentration of these roles mirrors the national average, indicating a stable and consistent demand for skilled labor. The presence of nearly 40 jobs per 1,000 workers further underscores the steady employment opportunities available in this field within the region.
Salary Overview
The average Installation, Maintenance, and Repair Occupations in Lexington-Fayette, KY earns-8.7%below the national average.
$27
$1,078
$4,673
Installation, Maintenance, and Repair Occupations Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette, KY, is not provided, it is reasonable to assume that salaries for Installation, Maintenance, and Repair Occupations have experienced gradual growth over the past four years, aligning with national trends. Economic recovery, increased demand for skilled trades, and inflation typically contribute to upward pressure on wages in such sectors, reflecting a healthy and evolving job market.
Installation, Maintenance, and Repair Occupations Salary Distribution in Lexington-Fayette, KY
Career progression in Installation, Maintenance, and Repair Occupations typically leads to significant salary increases. Entry-level positions might start closer to the lower end of the pay scale, while experienced technicians and specialized repair professionals can command substantially higher earnings. The percentile gaps in salary distribution signify clear opportunities for advancement and increased earning potential as one gains expertise and takes on more complex responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $32,960 | $15.8 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $42,053 | $20.2 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $53,340 | $25.6 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $70,088 | $33.7 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $81,970 | $39.4 |
Detailed Installation, Maintenance, and Repair Occupations Market Analysis
Relocation Context
Nominal Salary
$56,070
Gross Pay
Real Wage (Purchasing Power)
$56,070
Adjusted for COL (100)
The average annual salary of $56,070 in Lexington-Fayette, KY, is directly comparable to the national average cost of living, which stands at an index of 100. This means that the purchasing power of the local salary is effectively on par with the national average. Consequently, the nominal salary offers a standard of living that aligns with what one might expect across the United States, without significant financial advantage or disadvantage due to cost of living differences.
Job Market Context
11,230
Total Jobs
39.687
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Lexington-Fayette, KY has a slightly higher-than-average concentration of Installation, Maintenance, and Repair Occupations roles compared to the national norm.
With a Location Quotient of 1.01, the job market for Installation, Maintenance, and Repair Occupations in Lexington-Fayette, KY, is closely aligned with the national average in terms of concentration. This suggests a balanced market where the demand for these services is neither exceptionally high nor particularly low compared to the rest of the country. The stability indicated by this metric implies a competitive yet accessible environment for both employers seeking talent and individuals looking for employment.
Nearby Job Markets
Nearby Cities for Installation, Maintenance, and Repair Occupations
Comparing salaries near Lexington-Fayette, KY
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Frequently Asked Questions
How much does a Installation, Maintenance, and Repair Occupations make in Lexington-Fayette, KY?
The median annual salary for a Installation, Maintenance, and Repair Occupations in Lexington-Fayette, KY is $56,070. This typically ranges from $32,960 for entry-level positions to $81,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 8.7% lower than the national median of $61,410.
Is Lexington-Fayette, KY a lucrative place for Installation, Maintenance, and Repair Occupations?
Yes, with a stable cost of living.The average salary of $56,070 is on par with the national cost of living index of 100, indicating stable purchasing power. The job market concentration also closely matches the national average, suggesting consistent demand.
Is Lexington-Fayette, KY a good place to live for Installation, Maintenance, and Repair Occupations?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($55,030) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette salary compare to the national average?
The average annual salary for Installation, Maintenance, and Repair Occupations in Lexington-Fayette, KY, is $56,070, which is slightly lower than the national average of $61,410.
What is the cost of living in Lexington-Fayette, KY?
The cost of living in Lexington-Fayette, KY, is exactly at the national average, with an index of 100.
How concentrated is the Installation, Maintenance, and Repair job market in Lexington-Fayette, KY?
The job market concentration, measured by the Location Quotient, is 1.01, which is very close to the national average of 1.00, indicating a stable presence of these occupations.
What is the total workforce size for these occupations in Lexington-Fayette, KY?
There are 11,230 individuals employed in Installation, Maintenance, and Repair Occupations in the Lexington-Fayette, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,230 employees in the Lexington-Fayette, KY area with a job density of 39.687 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 Lexington-Fayette, KY