Average Management Analysts Salary in Charlottesville, VA
Management Analysts in Charlottesville, VA, command an impressive average annual salary of $123,250. This figure notably surpasses the national average of $119,370, indicating a localized premium for these strategic roles. The economic landscape and specific industry demands within Charlottesville likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $123,250 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $194,180.
- Outlook: With a local workforce of 900 Management Analysts, Charlottesville presents a substantial, yet not oversaturated, market. The Location Quotient of 1.37 suggests a concentration of these professionals that is 37% higher than the national average, signaling robust demand and a potentially thriving sector for analytical expertise within the region.
Salary Overview
The average Management Analysts in Charlottesville, VA earns+3.3%above the national average.
$59.3
$2,370
$10,271
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Management Analyst salaries in Charlottesville have experienced consistent growth over the past four years, mirroring broader economic trends and the increasing demand for strategic advisory services across industries. This upward trajectory suggests a positive outlook for compensation in this field.
Management Analysts Salary Distribution in Charlottesville, VA
The career path for Management Analysts typically involves significant salary progression. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value and complexity of responsibilities as analysts advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,550 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,438 | $44.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,340 | $44.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,063 | $74.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $194,180 | $93.4 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$123,250
Gross Pay
Real Wage (Purchasing Power)
$123,250
Adjusted for COL (100)
A nominal salary of $123,250 in Charlottesville, VA, is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Management Analyst's salary in Charlottesville is equivalent to the national average, allowing for a comfortable standard of living without the added financial strain of a high cost of living.
Job Market Context
900
Total Jobs
7.934
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Charlottesville, VA has a slightly higher-than-average concentration of Management Analysts roles compared to the national norm.
The Location Quotient of 1.37 for Management Analysts in Charlottesville signifies a notable concentration of this profession compared to the national benchmark. This suggests that the local job market is more specialized in analytical roles, potentially offering more opportunities and a competitive environment where employers value and seek out this specific skill set.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Management Analysts Salary | $104,040↓ 16% | 25 mi |
| Northern West Virginia nonmetropolitan area Management Analysts Salary | $81,710↓ 34% | 25 mi |
| Southwest Virginia nonmetropolitan area Management Analysts Salary | $106,020↓ 14% | 25 mi |
| Northwest Virginia nonmetropolitan area Management Analysts Salary | $106,790↓ 13% | 25 mi |
| Southern West Virginia nonmetropolitan area Management Analysts Salary | $73,930↓ 40% | 25 mi |
Comparing salaries near Charlottesville, VA
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Charlottesville, VA?
The median annual salary for a Management Analysts in Charlottesville, VA is $123,250. This typically ranges from $60,550 for entry-level positions to $194,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlottesville, VA is 3.3% higher than the national median of $119,370.
Is Charlottesville, VA a lucrative place for Management Analysts?
Yes, Charlottesville, VA offers a lucrative environment for Management Analysts.The average salary of $123,250 significantly exceeds the national average, and the local cost of living is on par with the national index, enhancing real earning potential.
Is Charlottesville, VA a good place to live for Management Analysts?
The Cost of Living Index in Charlottesville, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlottesville, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($104,040) and Northern West Virginia nonmetropolitan area.
How does the number of Management Analysts in Charlottesville compare nationally?
Charlottesville has a local workforce of 900 Management Analysts, and with a Location Quotient of 1.37, the concentration of these professionals is 37% higher than the national average.
What is the significance of the Location Quotient (LQ) for Management Analysts in Charlottesville?
An LQ of 1.37 indicates a higher concentration of Management Analysts in Charlottesville compared to the national average, suggesting a strong local demand and a specialized job market for this role.
How does the cost of living in Charlottesville affect the Management Analyst salary?
With a Cost of Living Index of 100, Charlottesville's cost of living is equivalent to the national average. This means the $123,250 salary offers purchasing power that aligns with the national standard.
Are there many job opportunities for Management Analysts in Charlottesville?
The data suggests a healthy job market, with 7.934 Management Analysts per 1,000 workers locally and a concentration quotient above the national average, indicating a favorable environment for job seekers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Charlottesville, VA area with a job density of 7.934 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 Charlottesville, VA