Average Management Analysts Salary in Central Kentucky nonmetropolitan area
Management Analysts in Central Kentucky's nonmetropolitan areas earn an average annual salary of $88,120. This figure is notably below the national average of $119,370, reflecting the unique economic landscape and demand dynamics present in nonmetropolitan regions. Factors such as industry concentration and the availability of specialized roles often influence compensation levels in these areas.
Executive Summary
- Average Salary: $88,120 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,290.
- Outlook: The job market for Management Analysts in Central Kentucky's nonmetropolitan areas, with a total local workforce of 390, indicates a modest but stable presence. The Location Quotient of 0.39 suggests that this profession is less concentrated here compared to the national average, implying a potentially niche but accessible market for skilled analysts. The rate of 2.265 jobs per 1,000 workers further underscores a consistent, albeit not overwhelming, demand for these analytical services within the region.
Salary Overview
The average Management Analysts in Central Kentucky nonmetropolitan area earns-26.2%below the national average.
$42.4
$1,695
$7,343
Management Analysts Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that Management Analyst salaries in Central Kentucky have experienced gradual growth over the past four years, mirroring national trends. Economic development and increasing reliance on strategic planning and operational efficiency across various industries likely contribute to a steady upward trajectory in compensation, even in nonmetropolitan settings.
Management Analysts Salary Distribution in Central Kentucky nonmetropolitan area
The salary range for Management Analysts typically expands significantly with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in compensation clearly signify career progression, rewarding increased expertise, leadership capabilities, and a proven track record of delivering impactful analytical solutions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,020 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,090 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,790 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,150 | $53 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,290 | $63.6 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$88,120
Gross Pay
Real Wage (Purchasing Power)
$88,120
Adjusted for COL (100)
The average nominal salary of $88,120 in Central Kentucky's nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard. Therefore, the $88,120 salary offers a comparable standard of living to what one might expect elsewhere in the country, making it a financially neutral consideration from a cost-of-living perspective.
Job Market Context
390
Total Jobs
2.265
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Central Kentucky 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 0.39, the Management Analyst job market in Central Kentucky's nonmetropolitan areas is less concentrated than the national average. This suggests that while there are opportunities, the field is not as saturated as in major metropolitan hubs. This lower concentration could translate to less direct competition for available roles, potentially offering a more accessible entry point for qualified professionals seeking to establish or advance their careers in this region.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Management Analysts Salary | $108,250↑ 23% | 28 mi |
| Elizabethtown, KY Management Analysts Salary | $93,290↑ 6% | 66 mi |
| Louisville/Jefferson County, KY-IN Management Analysts Salary | $94,850↑ 8% | 72 mi |
| Cincinnati, OH-KY-IN Management Analysts Salary | $98,900↑ 12% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Management Analysts make in Central Kentucky nonmetropolitan area?
The median annual salary for a Management Analysts in Central Kentucky nonmetropolitan area is $88,120. This typically ranges from $55,020 for entry-level positions to $132,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 26.2% lower than the national median of $119,370.
Is Central Kentucky nonmetropolitan area a lucrative place for Management Analysts?
No, not compared to the national average.While the average salary of $88,120 is substantial, it falls significantly short of the national average. However, the cost of living matching the national average means the purchasing power is equivalent.
Is Central Kentucky nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($108,250) and Elizabethtown, KY.
How does the cost of living in Central Kentucky compare to the national average?
The cost of living in Central Kentucky's nonmetropolitan area is exactly at the national average, indicated by an index of 100. This means that the general expenses for goods, services, and housing are comparable to the national median.
What is the concentration of Management Analysts in Central Kentucky compared to the rest of the country?
The concentration of Management Analysts in this region is lower than the national average, with a Location Quotient of 0.39. This suggests fewer analysts per capita relative to the national landscape.
How many Management Analyst jobs are there per 1,000 workers in Central Kentucky?
There are approximately 2.265 Management Analyst jobs for every 1,000 workers in the Central Kentucky nonmetropolitan area, indicating a steady presence of these roles within the local labor market.
Is the job market for Management Analysts competitive in this region?
Given the lower Location Quotient, the market is likely less competitive than in highly concentrated metropolitan areas, potentially offering more direct opportunities for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Central Kentucky nonmetropolitan area area with a job density of 2.265 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 Kentucky nonmetropolitan area