Average Management Analysts Salary in Grand Rapids-Wyoming-Kentwood, MI
Management Analysts in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $91,980. This figure is notably below the national average of $119,370, suggesting that local market dynamics, industry concentration, and potentially a different cost of doing business influence compensation levels in this region compared to the broader national landscape.
Executive Summary
- Average Salary: $91,980 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $142,950.
- Outlook: With a local workforce of approximately 1,400 Management Analysts, the Grand Rapids-Wyoming-Kentwood area demonstrates a stable, albeit not highly concentrated, presence of these professionals. The Location Quotient of 0.43 indicates that the concentration of these roles is less than half the national average, suggesting that while opportunities exist, the market is not saturated, offering a moderate level of demand for skilled analysts.
Salary Overview
The average Management Analysts in Grand Rapids-Wyoming-Kentwood, MI earns-22.9%below the national average.
$44.2
$1,769
$7,665
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Management Analyst salaries across the nation, including in Grand Rapids, have experienced steady growth over the past four years. This trend is driven by the increasing demand for strategic business solutions, efficiency improvements, and data-driven decision-making across various industries, which typically translates to upward pressure on compensation for experienced professionals.
Management Analysts Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
The salary trajectory for Management Analysts in Grand Rapids-Wyoming-Kentwood, MI, escalates significantly with experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial career progression and earning potential available as analysts advance through junior, mid-level, and senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,770 | $26.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,985 | $33.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,070 | $39 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,975 | $55.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $142,950 | $68.7 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$91,980
Gross Pay
Real Wage (Purchasing Power)
$91,980
Adjusted for COL (100)
The nominal average salary of $91,980 for Management Analysts in Grand Rapids-Wyoming-Kentwood, MI, 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, indicating that the compensation is neither significantly enhanced nor diminished by the local cost of living, offering a balanced financial standing for residents.
Job Market Context
1,400
Total Jobs
2.502
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Grand Rapids-Wyoming-Kentwood, MI has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.43 for Management Analysts in Grand Rapids-Wyoming-Kentwood, MI, signifies that this profession is less concentrated locally than the national average. This suggests that while there is a presence of these roles, the market is not as specialized or as heavily populated with these analysts compared to national benchmarks, potentially indicating a less competitive environment for job seekers but also a lower overall demand relative to other regions.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Management Analysts Salary | $91,520↓ 1% | 35 mi |
| Kalamazoo-Portage, MI Management Analysts Salary | $96,640↑ 5% | 48 mi |
| Battle Creek, MI Management Analysts Salary | $91,000↓ 1% | 51 mi |
| Lansing-East Lansing, MI Management Analysts Salary | $91,720↓ 0% | 58 mi |
| Mid Michigan nonmetropolitan area Management Analysts Salary | $94,390↑ 3% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Management Analysts make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Management Analysts in Grand Rapids-Wyoming-Kentwood, MI is $91,980. This typically ranges from $55,770 for entry-level positions to $142,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 22.9% lower than the national median of $119,370.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Management Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $91,980 is substantial, it falls below the national average of $119,370. However, the cost of living is at the national average, making the salary's purchasing power comparable to the national level.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Management Analysts?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($91,520) and Kalamazoo-Portage, MI.
How does the Grand Rapids Management Analyst salary compare to the national average?
The average salary for Management Analysts in Grand Rapids-Wyoming-Kentwood, MI is $91,980, which is lower than the national average of $119,370.
What is the concentration of Management Analysts in Grand Rapids-Wyoming-Kentwood, MI?
The concentration, measured by the Location Quotient, is 0.43, indicating that the presence of Management Analysts is less than half the national average.
How does the cost of living in Grand Rapids-Wyoming-Kentwood, MI affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $91,980 salary has the same purchasing power as the national average salary.
What is the total number of Management Analysts in the Grand Rapids area?
There are approximately 1,400 Management Analysts working in the Grand Rapids-Wyoming-Kentwood, MI metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,400 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 2.502 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 Grand Rapids-Wyoming-Kentwood, MI