Average Management Analysts Salary in Evansville, IN
Management Analysts in Evansville, IN, earn an average annual salary of $111,150. This figure is slightly below the national average of $119,370, reflecting a localized compensation structure. Factors such as regional economic conditions and the specific demand within the Evansville market contribute to this pay differential.
Executive Summary
- Average Salary: $111,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $199,060.
- Outlook: With a total local workforce of 360 Management Analysts, the market in Evansville, IN, presents a moderate employment landscape. The location quotient of 0.45 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially stable but not oversaturated job market for skilled analysts.
Salary Overview
The average Management Analysts in Evansville, IN earns-6.9%below the national average.
$53.4
$2,138
$9,263
Management Analysts Salary Trends (2020-2024)
While specific historical data for Evansville is not provided, it is generally observed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing demand for strategic planning and operational efficiency across industries. This upward trend is likely mirrored to some extent in Evansville, adapting to local economic dynamics.
Management Analysts Salary Distribution in Evansville, IN
Salary progression for Management Analysts in Evansville, IN, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior analysts with extensive expertise and a proven track record can command salaries significantly higher than the average. The gap between entry-level and senior roles highlights substantial career growth opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,050 | $25 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,363 | $40.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,020 | $41.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $138,938 | $66.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $199,060 | $95.7 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$111,150
Gross Pay
Real Wage (Purchasing Power)
$111,150
Adjusted for COL (100)
The average nominal salary of $111,150 in Evansville, IN, is positioned directly against a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Management Analyst's salary in Evansville is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
360
Total Jobs
2.633
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Evansville, IN has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.45 for Management Analysts in Evansville, IN, signifies that the concentration of these roles is less than half of the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a competitive edge for experienced professionals seeking roles in this region.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Management Analysts Salary | $78,350↓ 30% | 28 mi |
| Paducah, KY-IL Management Analysts Salary | $94,290↓ 15% | 88 mi |
| Bowling Green, KY Management Analysts Salary | $93,200↓ 16% | 92 mi |
| Elizabethtown, KY Management Analysts Salary | $93,290↓ 16% | 93 mi |
| Bloomington, IN Management Analysts Salary | $111,440↑ 0% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Evansville, IN?
The median annual salary for a Management Analysts in Evansville, IN is $111,150. This typically ranges from $52,050 for entry-level positions to $199,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 6.9% lower than the national median of $119,370.
Is Evansville, IN a lucrative place for Management Analysts?
Yes, with a caveat.While the average salary is slightly below the national average, the cost of living is also at the national average, making the nominal salary hold its value. The lower concentration of analysts may also present unique opportunities.
Is Evansville, IN a good place to live for Management Analysts?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($78,350) and Paducah, KY-IL.
What is the average salary for a Management Analyst in Evansville, IN?
The average annual salary for a Management Analyst in Evansville, IN, is $111,150.
How does the Evansville salary compare to the national average?
The average salary in Evansville ($111,150) is slightly lower than the national average of $119,370.
What does the Location Quotient of 0.45 mean for Management Analysts in Evansville?
A Location Quotient of 0.45 indicates that Management Analysts are less concentrated in Evansville compared to the national average, suggesting a less saturated job market.
How does the Cost of Living in Evansville affect the Management Analyst salary?
With a Cost of Living Index of 100 (the national average), the $111,150 salary in Evansville offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Evansville, IN area with a job density of 2.633 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 Evansville, IN