Average Management Analysts Salary in Hickory-Lenoir-Morganton, NC
In Hickory-Lenoir-Morganton, NC, Management Analysts earn an average annual salary of $79,130. This figure is notably lower than the national average of $119,370, reflecting regional economic factors and a less concentrated demand for these specialized roles within the local market.
Executive Summary
- Average Salary: $79,130 per year.
- Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,740.
- Outlook: The local job market for Management Analysts in Hickory-Lenoir-Morganton, NC, is characterized by a modest workforce of 260 professionals. With a Location Quotient of 0.29, the concentration of these roles is significantly below the national average, suggesting a niche presence rather than a robust demand for a large influx of new analysts.
Salary Overview
The average Management Analysts in Hickory-Lenoir-Morganton, NC earns-33.7%below the national average.
$38.1
$1,522
$6,594
Management Analysts Salary Trends (2020-2024)
While specific historical data for Hickory-Lenoir-Morganton 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. Localized salary trends would likely mirror this national pattern, albeit potentially at a different magnitude due to regional economic conditions.
Management Analysts Salary Distribution in Hickory-Lenoir-Morganton, NC
Salary progression for Management Analysts typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior analysts with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior roles highlights the career advancement opportunities and the value placed on expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $24,960 | $12 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,348 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,470 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,913 | $47.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,740 | $65.3 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$79,130
Gross Pay
Real Wage (Purchasing Power)
$79,130
Adjusted for COL (100)
The average nominal salary of $79,130 in Hickory-Lenoir-Morganton, NC, aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, making the nominal pay a fair reflection of local economic conditions.
Job Market Context
260
Total Jobs
1.662
Per 1K Jobs
0.29
Location Quotient
At 0.29x, Hickory-Lenoir-Morganton, NC 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 0.29 indicates that Management Analyst roles are less concentrated in Hickory-Lenoir-Morganton, NC, compared to the national average. This suggests that the job market is not saturated, but it also implies that opportunities may be fewer and more specialized, making it a less competitive but potentially more challenging market to enter for those seeking abundant openings.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC Management Analysts Salary | $116,890↑ 48% | 45 mi |
| Spartanburg, SC Management Analysts Salary | $117,840↑ 49% | 65 mi |
| Winston-Salem, NC Management Analysts Salary | $91,300↑ 15% | 65 mi |
| Asheville, NC Management Analysts Salary | $105,780↑ 34% | 70 mi |
| Johnson City, TN Management Analysts Salary | $97,230↑ 23% | 72 mi |
Comparing salaries near Hickory-Lenoir-Morganton, NC
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Frequently Asked Questions
How much does a Management Analysts make in Hickory-Lenoir-Morganton, NC?
The median annual salary for a Management Analysts in Hickory-Lenoir-Morganton, NC is $79,130. This typically ranges from $24,960 for entry-level positions to $135,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hickory-Lenoir-Morganton, NC is 33.7% lower than the national median of $119,370.
Is Hickory-Lenoir-Morganton, NC a lucrative place for Management Analysts?
No, it is not considered a highly lucrative place for Management Analysts.The average salary of $79,130 is substantially lower than the national average, and the low location quotient suggests limited demand for these professionals in the area.
Is Hickory-Lenoir-Morganton, NC a good place to live for Management Analysts?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hickory-Lenoir-Morganton, NC?
Some top paying nearby cities include Charlotte-Concord-Gastonia, NC-SC ($116,890) and Spartanburg, SC.
How does the Hickory-Lenoir-Morganton salary compare to the national average?
Management Analysts in Hickory-Lenoir-Morganton earn approximately $79,130, which is about 34% less than the national average of $119,370.
What is the Cost of Living in Hickory-Lenoir-Morganton, NC?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC, is 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical US city.
How many Management Analysts are there in Hickory-Lenoir-Morganton, NC?
There are approximately 260 Management Analysts employed in the Hickory-Lenoir-Morganton, NC metropolitan area.
What does a Location Quotient of 0.29 mean for Management Analysts?
A Location Quotient of 0.29 signifies that Management Analyst jobs are less common in Hickory-Lenoir-Morganton, NC, relative to the national distribution of this occupation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Hickory-Lenoir-Morganton, NC area with a job density of 1.662 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 Hickory-Lenoir-Morganton, NC