Average Management Analysts Salary in Charleston, WV
Management Analysts in Charleston, WV, earn an average annual salary of $94,820. This figure is notably below the national average of $119,370, reflecting regional economic factors and potentially a different demand dynamic for these specialized roles within the state. The specific economic landscape and industry concentration in Charleston influence compensation levels for this profession.
Executive Summary
- Average Salary: $94,820 per year.
- Growth Trend: Salaries have shifted 69.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,450.
- Outlook: The Charleston, WV market for Management Analysts appears to be relatively niche, with a total local workforce of 230 professionals. The low Location Quotient of 0.37 indicates that this profession is less concentrated here compared to the national average, suggesting a smaller but potentially stable demand within specific sectors of the local economy.
Salary Overview
The average Management Analysts in Charleston, WV earns-20.6%below the national average.
$45.6
$1,823
$7,902
Management Analysts Salary Trends (2020-2024)
While specific historical data for Charleston, WV, is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing business complexity and the need for strategic guidance. This trend likely extends to Charleston, albeit potentially at a moderated pace influenced by local economic conditions.
Management Analysts Salary Distribution in Charleston, WV
Salary progression for Management Analysts typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles underscores the value of accumulated knowledge and strategic impact in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,480 | $28.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,115 | $34.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,470 | $44 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,525 | $57 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,450 | $66.1 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$94,820
Gross Pay
Real Wage (Purchasing Power)
$94,820
Adjusted for COL (100)
Charleston, WV, presents a unique financial scenario for Management Analysts, as its Cost of Living Index is exactly at the national average of 100. This means that the nominal salary of $94,820 offers purchasing power equivalent to the national average, making the lower nominal salary somewhat offset by the stable cost of living.
Job Market Context
230
Total Jobs
2.169
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Charleston, WV 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 0.37, Charleston, WV, has a significantly lower concentration of Management Analysts than the national average. This suggests that the job market for these professionals is less saturated, which could imply fewer opportunities but potentially less competition for available roles, especially for those with specialized skills.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Huntington-Ashland, WV-KY-OH Management Analysts Salary | $92,410↓ 3% | 44 mi |
| Beckley, WV Management Analysts Salary | $107,160↑ 13% | 46 mi |
| Parkersburg-Vienna, WV Management Analysts Salary | $101,450↑ 7% | 63 mi |
Comparing salaries near Charleston, WV
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Frequently Asked Questions
How much does a Management Analysts make in Charleston, WV?
The median annual salary for a Management Analysts in Charleston, WV is $94,820. This typically ranges from $58,480 for entry-level positions to $137,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston, WV is 20.6% lower than the national median of $119,370.
Is Charleston, WV a lucrative place for Management Analysts?
No, but the cost of living is average.While the average salary of $94,820 is below the national average, Charleston, WV, has a cost of living index of 100, matching the national average. This means the lower salary's purchasing power is comparable to the national standard.
Is Charleston, WV a good place to live for Management Analysts?
The Cost of Living Index in Charleston, WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston, WV?
Some top paying nearby cities include Huntington-Ashland, WV-KY-OH ($92,410) and Beckley, WV.
How does Charleston, WV's Management Analyst salary compare to the national average?
The average salary for Management Analysts in Charleston, WV, is $94,820, which is considerably lower than the national average of $119,370.
What is the concentration of Management Analysts in Charleston, WV?
Charleston, WV, has a lower concentration of Management Analysts, indicated by a Location Quotient of 0.37, meaning the profession is less common there compared to the national average.
How many Management Analysts are there in Charleston, WV?
There are approximately 230 Management Analysts working in Charleston, WV, representing 2.169 jobs per 1,000 workers in the local economy.
Does experience impact Management Analyst salaries in Charleston, WV?
Yes, like most fields, experience significantly impacts Management Analyst salaries, with senior roles commanding higher compensation than entry-level positions, reflecting increased expertise and responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Charleston, WV area with a job density of 2.169 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 Charleston, WV