Average Management Analysts Salary in Lafayette, LA
Management Analysts in Lafayette, LA, earn an average annual salary of $93,810. This figure is notably below the national average of $119,370, reflecting regional economic factors and industry demand specific to the Lafayette area. The local market dynamics significantly influence compensation levels for this critical business function.
Executive Summary
- Average Salary: $93,810 per year.
- Growth Trend: Salaries have shifted 10.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,850.
- Outlook: The Lafayette, LA market for Management Analysts shows a modest presence, with a total local workforce of 230 individuals. The low Location Quotient (LQ) of 0.23 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially less saturated but also potentially less robust job market for these specialists.
Salary Overview
The average Management Analysts in Lafayette, LA earns-21.4%below the national average.
$45.1
$1,804
$7,818
Management Analysts Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing demand for strategic business insights and operational efficiency improvements across various industries. This trend likely extends to Lafayette, albeit potentially at a different pace.
Management Analysts Salary Distribution in Lafayette, LA
The salary trajectory for Management Analysts typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries in the higher percentiles. These percentile gaps are indicative of the career progression and increased responsibilities associated with senior analyst roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,520 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,358 | $33.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $87,960 | $42.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,263 | $56.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,850 | $64.8 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$93,810
Gross Pay
Real Wage (Purchasing Power)
$93,810
Adjusted for COL (100)
With an average salary of $93,810 and a Cost of Living Index of 100 (on par with the national average), the nominal salary in Lafayette, LA, offers purchasing power equivalent to the national median. This means that while the salary is lower than the national average, the cost of living does not present a significant disadvantage in terms of real income.
Job Market Context
230
Total Jobs
1.308
Per 1K Jobs
0.23
Location Quotient
At 0.23x, Lafayette, LA 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 0.23 for Management Analysts in Lafayette, LA, signifies that the concentration of these professionals is significantly lower than the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled analysts to establish themselves, but also indicating a smaller overall demand compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Management Analysts Salary | $116,680↑ 24% | 56 mi |
| Southwest Louisiana nonmetropolitan area Management Analysts Salary | $114,490↑ 22% | 67 mi |
| Central Louisiana nonmetropolitan area Management Analysts Salary | $94,490↑ 1% | 67 mi |
Comparing salaries near Lafayette, LA
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Frequently Asked Questions
How much does a Management Analysts make in Lafayette, LA?
The median annual salary for a Management Analysts in Lafayette, LA is $93,810. This typically ranges from $57,520 for entry-level positions to $134,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 21.4% lower than the national median of $119,370.
Is Lafayette, LA a lucrative place for Management Analysts?
No, not compared to the national average.The average salary of $93,810 is substantially lower than the national average of $119,370. However, the cost of living being at the national average offsets some of this difference in terms of purchasing power.
Is Lafayette, LA a good place to live for Management Analysts?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($116,680) and Southwest Louisiana nonmetropolitan area.
What is the average salary for a Management Analyst in Lafayette, LA?
The average annual salary for a Management Analyst in Lafayette, LA, is $93,810.
How does Lafayette's cost of living compare to the national average?
Lafayette, LA has a Cost of Living Index of 100, which is exactly the national average.
How concentrated is the Management Analyst job market in Lafayette, LA?
The job market for Management Analysts in Lafayette, LA, is not very concentrated, with a Location Quotient of 0.23, indicating fewer professionals in this role relative to the national average.
How many Management Analysts are there in Lafayette, LA?
There are approximately 230 Management Analysts working in Lafayette, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Lafayette, LA area with a job density of 1.308 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 Lafayette, LA