Average Management Analysts Salary in Central Indiana nonmetropolitan area
Management Analysts in Central Indiana's nonmetropolitan area earn an average annual salary of $85,870. This figure is notably below the national average of $119,370, reflecting the economic dynamics and potentially lower demand for specialized analytical roles outside major urban centers. The compensation is influenced by the specific industry mix and the overall economic landscape of the region.
Executive Summary
- Average Salary: $85,870 per year.
- Growth Trend: Salaries have shifted 3.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,060.
- Outlook: The job market for Management Analysts in Central Indiana's nonmetropolitan area appears to be relatively niche, with a total local workforce of 200 individuals in this role. The Location Quotient of 0.21 indicates a concentration significantly below the national average, suggesting fewer opportunities relative to the national distribution of these professionals. While the number of jobs per 1,000 workers stands at 1.214, this low concentration points to a market that may not be experiencing robust demand for new analysts.
Salary Overview
The average Management Analysts in Central Indiana nonmetropolitan area earns-28.1%below the national average.
$41.3
$1,651
$7,156
Management Analysts Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Management Analysts across the nation, and likely within this region, have experienced steady growth over the past four years. This growth is typically driven by inflation, increasing demand for strategic insights, and the evolving complexity of business operations. However, the rate of growth in a nonmetropolitan area might lag behind that of major metropolitan hubs.
Management Analysts Salary Distribution in Central Indiana nonmetropolitan area
Salary progression for Management Analysts typically scales 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 significantly higher salaries. The percentile gaps in compensation clearly signify career progression, with senior analysts often earning 50% to 100% more than their junior counterparts, reflecting increased responsibility and specialized expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,320 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,403 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,810 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,338 | $51.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,060 | $60.1 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$85,870
Gross Pay
Real Wage (Purchasing Power)
$85,870
Adjusted for COL (100)
The average annual salary of $85,870 in Central Indiana's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary within the local area is equivalent to the national average. Therefore, the $85,870 salary offers a comparable standard of living to what $119,370 might provide in a higher cost-of-living area.
Job Market Context
200
Total Jobs
1.214
Per 1K Jobs
0.21
Location Quotient
At 0.21x, Central Indiana nonmetropolitan area has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.21, the Central Indiana nonmetropolitan area has a significantly lower concentration of Management Analysts compared to the national average. This suggests that the job market for these professionals is not particularly competitive in terms of abundance. While this might mean fewer job openings, it could also imply less direct competition for available roles, potentially offering a unique advantage for skilled analysts seeking opportunities in this specific region.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Management Analysts Salary | $103,360↑ 20% | 8 mi |
| Kokomo, IN Management Analysts Salary | $100,350↑ 17% | 43 mi |
| Columbus, IN Management Analysts Salary | $92,370↑ 8% | 48 mi |
| Bloomington, IN Management Analysts Salary | $111,440↑ 30% | 49 mi |
| Lafayette-West Lafayette, IN Management Analysts Salary | $101,230↑ 18% | 50 mi |
Comparing salaries near Central Indiana nonmetropolitan area
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Frequently Asked Questions
How much does a Management Analysts make in Central Indiana nonmetropolitan area?
The median annual salary for a Management Analysts in Central Indiana nonmetropolitan area is $85,870. This typically ranges from $50,320 for entry-level positions to $125,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Indiana nonmetropolitan area is 28.1% lower than the national median of $119,370.
Is Central Indiana nonmetropolitan area a lucrative place for Management Analysts?
No, not compared to the national average.The average salary of $85,870 is substantially lower than the national average of $119,370, and the concentration of these roles is also significantly below the national benchmark.
Is Central Indiana nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Central Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($103,360) and Kokomo, IN.
How does the cost of living affect the Management Analyst salary in Central Indiana?
The Cost of Living Index in Central Indiana is 100, which is the national average. This means that despite the lower nominal salary compared to the national average, the purchasing power of an $85,870 salary is equivalent to the national average, offering a comparable standard of living.
What is the concentration of Management Analysts in Central Indiana compared to the rest of the country?
The concentration, measured by the Location Quotient, is 0.21, which is considerably lower than the national average of 1.0. This indicates that Management Analysts are less prevalent in this nonmetropolitan area relative to other occupations when compared to the national distribution.
How many Management Analysts are there in Central Indiana's nonmetropolitan area?
There are approximately 200 Management Analysts employed in the Central Indiana nonmetropolitan area, representing a small segment of the total local workforce.
What does a Location Quotient of 0.21 mean for Management Analyst jobs?
A Location Quotient of 0.21 signifies that the presence of Management Analysts in this region is only about 21% of what would be expected if they were distributed evenly across the nation. This suggests a lower demand or a less developed market for these specialized roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Central Indiana nonmetropolitan area area with a job density of 1.214 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 Central Indiana nonmetropolitan area