Average Management Analysts Salary in Binghamton, NY
Management Analysts in Binghamton, NY, earn an average annual salary of $91,880. This figure is notably below the national average of $119,370, suggesting that local market dynamics and potentially a different industry focus in Binghamton influence compensation for this role. The specific economic landscape and demand within the region play a significant role in shaping these salary expectations.
Executive Summary
- Average Salary: $91,880 per year.
- Growth Trend: Salaries have shifted 26.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,330.
- Outlook: With a total local workforce of 420 Management Analysts, Binghamton presents a modest but stable job market for this profession. The location quotient of 0.76 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the field is not as saturated as in other major metropolitan areas. The rate of 4.406 jobs per 1,000 workers further underscores a steady, albeit not explosive, demand for analytical expertise.
Salary Overview
The average Management Analysts in Binghamton, NY earns-23.0%below the national average.
$44.2
$1,767
$7,657
Management Analysts Salary Trends (2020-2024)
While specific historical data for Binghamton's Management Analyst salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic shifts, increased demand for strategic planning, and the evolving complexity of business operations typically drive salary growth for analytical roles. Therefore, professionals in Binghamton can likely anticipate a gradual increase in earning potential as the market continues to adapt and value these specialized skills.
Management Analysts Salary Distribution in Binghamton, NY
The career trajectory for Management Analysts in Binghamton, as elsewhere, typically involves significant salary progression with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command salaries well above the average. The widening gap between starting salaries and those earned by senior analysts reflects the increasing value placed on strategic insight, leadership, and specialized expertise developed over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,590 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,910 | $33.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,650 | $38.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,850 | $55.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,330 | $65.5 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$91,880
Gross Pay
Real Wage (Purchasing Power)
$91,880
Adjusted for COL (100)
The average Management Analyst salary of $91,880 in Binghamton, NY, aligns perfectly with the national average cost of living, which stands at an index of 100. This means that the purchasing power of a Binghamton-based analyst's salary is equivalent to that of an analyst earning the national average in a location with a cost of living of 100. Consequently, the nominal salary offers a standard of living comparable to the national benchmark, without the added financial pressure of higher living expenses.
Job Market Context
420
Total Jobs
4.406
Per 1K Jobs
0.76
Location Quotient
Binghamton, NY has 0.76x the national average concentration of Management Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A location quotient of 0.76 for Management Analysts in Binghamton indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a consistent presence of these roles, the market is not overly saturated. For professionals, this could translate to a more accessible job market with potentially fewer candidates competing for each opening, while for employers, it signifies a need to actively seek out and attract specialized talent.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Management Analysts Salary | $103,810↑ 13% | 39 mi |
| Elmira, NY Management Analysts Salary | $92,400↑ 1% | 46 mi |
| Southwest New York nonmetropolitan area Management Analysts Salary | $100,190↑ 9% | 49 mi |
| Central East New York nonmetropolitan area Management Analysts Salary | $107,270↑ 17% | 49 mi |
| Capital/Northern New York nonmetropolitan area Management Analysts Salary | $110,390↑ 20% | 49 mi |
Comparing salaries near Binghamton, NY
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Frequently Asked Questions
How much does a Management Analysts make in Binghamton, NY?
The median annual salary for a Management Analysts in Binghamton, NY is $91,880. This typically ranges from $57,590 for entry-level positions to $136,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 23.0% lower than the national median of $119,370.
Is Binghamton, NY a lucrative place for Management Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $91,880 is respectable, it falls significantly below the national average of $119,370. However, the cost of living matching the national average does provide good purchasing power for the salary earned.
Is Binghamton, NY a good place to live for Management Analysts?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($103,810) and Elmira, NY.
How does Binghamton's Management Analyst salary compare to the national average?
Management Analysts in Binghamton earn an average of $91,880 annually, which is substantially lower than the national average of $119,370.
What is the job market like for Management Analysts in Binghamton?
The job market is stable with a total workforce of 420, and a location quotient of 0.76 suggests a slightly lower concentration of these roles compared to the national average.
Does the cost of living in Binghamton affect the value of the Management Analyst salary?
No, the cost of living in Binghamton is exactly at the national average (index 100), meaning the $91,880 salary offers purchasing power equivalent to the national average.
Are there many Management Analysts in Binghamton relative to other locations?
No, the location quotient of 0.76 indicates that Management Analysts are slightly less concentrated in Binghamton compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Binghamton, NY area with a job density of 4.406 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Binghamton, NY