Average Management Analysts Salary in Elizabethtown, KY
Management Analysts in Elizabethtown, KY earn an average annual salary of $93,290. This figure is notably below the national average of $119,370, reflecting localized economic factors and demand within the region. While Elizabethtown's cost of living is on par with the national average, the lower salary suggests a less competitive market for these specialized roles.
Executive Summary
- Average Salary: $93,290 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,640.
- Outlook: With a total local workforce of 200 Management Analysts and a Location Quotient of 0.68, the job market in Elizabethtown indicates a moderate concentration of these professionals compared to national benchmarks. The presence of approximately 3.953 jobs per 1,000 workers suggests a stable, albeit not exceptionally high, demand for management analysis expertise within the area's economic landscape.
Salary Overview
The average Management Analysts in Elizabethtown, KY earns-21.8%below the national average.
$44.9
$1,794
$7,774
Management Analysts Salary Trends (2020-2024)
While specific historical data for Elizabethtown is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced consistent growth over the past four years, driven by increasing business complexity and the need for strategic guidance. This upward trend is likely reflected to some degree in Elizabethtown, though local market dynamics may moderate the pace of salary increases.
Management Analysts Salary Distribution in Elizabethtown, KY
The salary spectrum for Management Analysts typically widens significantly with experience. Entry-level positions often start at the lower end, while seasoned professionals with extensive project management and analytical skills can command salaries well above the average. The percentile gaps in compensation clearly signify the career progression and increased earning potential associated with accumulating expertise and a proven track record in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,580 | $30.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,968 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,830 | $45.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,613 | $56.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,640 | $58 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$93,290
Gross Pay
Real Wage (Purchasing Power)
$93,290
Adjusted for COL (100)
The average Management Analyst salary of $93,290 in Elizabethtown, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial environment for professionals considering a move to or within Elizabethtown.
Job Market Context
200
Total Jobs
3.953
Per 1K Jobs
0.68
Location Quotient
Elizabethtown, KY has 0.68x 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 0.68 for Management Analysts in Elizabethtown, KY, suggests that the concentration of these roles is below the national average. This indicates that while opportunities exist, the market is less saturated than in many other regions, potentially offering a unique advantage for skilled analysts seeking to establish themselves or advance their careers without intense competition.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Louisville/Jefferson County, KY-IN Management Analysts Salary | $94,850↑ 2% | 39 mi |
| Bowling Green, KY Management Analysts Salary | $93,200↓ 0% | 59 mi |
| Central Kentucky nonmetropolitan area Management Analysts Salary | $88,120↓ 6% | 66 mi |
| South Central Kentucky nonmetropolitan area Management Analysts Salary | $86,990↓ 7% | 66 mi |
| West Kentucky nonmetropolitan area Management Analysts Salary | $87,480↓ 6% | 66 mi |
Comparing salaries near Elizabethtown, KY
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Elizabethtown, KY?
The median annual salary for a Management Analysts in Elizabethtown, KY is $93,290. This typically ranges from $63,580 for entry-level positions to $120,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elizabethtown, KY is 21.8% lower than the national median of $119,370.
Is Elizabethtown, KY a lucrative place for Management Analysts?
No, not exceptionally lucrative compared to national standards.While the cost of living is average, the average salary for Management Analysts is significantly lower than the national average. The market concentration is also below the national average, indicating less intense demand.
Is Elizabethtown, KY a good place to live for Management Analysts?
The Cost of Living Index in Elizabethtown, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elizabethtown, KY?
Some top paying nearby cities include Louisville/Jefferson County, KY-IN ($94,850) and Bowling Green, KY.
How does Elizabethtown's Management Analyst salary compare to the national average?
The average salary of $93,290 in Elizabethtown is considerably lower than the national average of $119,370 for Management Analysts.
What is the significance of the Location Quotient (LQ) of 0.68?
An LQ of 0.68 means that Elizabethtown has fewer Management Analysts per capita than the national average, suggesting a less concentrated but potentially stable job market.
Does the cost of living in Elizabethtown affect the Management Analyst salary?
The cost of living in Elizabethtown is exactly at the national average (100), meaning the $93,290 salary offers purchasing power equivalent to the national average, despite being a lower nominal figure.
What does 'Jobs per 1,000 Workers' mean for Management Analysts in Elizabethtown?
With 3.953 jobs per 1,000 workers, it indicates the relative prevalence of Management Analyst positions within the local workforce, suggesting a steady presence of these 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 Elizabethtown, KY area with a job density of 3.953 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 Elizabethtown, KY