Average Management Analysts Salary in Lafayette-West Lafayette, IN
Management Analysts in Lafayette-West Lafayette, IN earn an average annual salary of $101,230. This figure is notably below the national average of $119,370, suggesting that local market dynamics and demand play a significant role in compensation within this region. Factors such as the specific industry mix and the overall economic landscape of Lafayette-West Lafayette likely contribute to this differential.
Executive Summary
- Average Salary: $101,230 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,380.
- Outlook: The Lafayette-West Lafayette area supports a concentrated workforce of 240 Management Analysts. With a Location Quotient of 0.4, the presence of these professionals is less than half of the national average concentration, indicating a less saturated market. While the total workforce size is modest, the lower concentration suggests potential opportunities for those entering or already established in the field.
Salary Overview
The average Management Analysts in Lafayette-West Lafayette, IN earns-15.2%below the national average.
$48.7
$1,947
$8,436
Management Analysts Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette is not provided, it's 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. This trend likely extends to regional markets, with local economic conditions influencing the pace and magnitude of salary increases.
Management Analysts Salary Distribution in Lafayette-West Lafayette, IN
Salary progression for Management Analysts typically correlates strongly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with a proven track record and specialized skills can command significantly higher salaries. The gap between entry-level and senior roles, often reflected in salary percentiles, signifies substantial career growth and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,020 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,923 | $36.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,590 | $43.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $126,538 | $60.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,380 | $65.6 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$101,230
Gross Pay
Real Wage (Purchasing Power)
$101,230
Adjusted for COL (100)
The average salary of $101,230 in Lafayette-West Lafayette aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Management Analyst's salary in this region is equivalent to the national average, offering a stable financial environment for residents without the added pressure of higher living expenses.
Job Market Context
240
Total Jobs
2.335
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Lafayette-West Lafayette, 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 0.4 for Management Analysts in Lafayette-West Lafayette indicates 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 individuals, although the overall demand might also be proportionally lower compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Management Analysts Salary | $100,350↓ 1% | 39 mi |
| Northern Indiana nonmetropolitan area Management Analysts Salary | $83,360↓ 18% | 50 mi |
| Southern Indiana nonmetropolitan area Management Analysts Salary | $95,230↓ 6% | 50 mi |
| Central Indiana nonmetropolitan area Management Analysts Salary | $85,870↓ 15% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Management Analysts Salary | $103,360↑ 2% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Lafayette-West Lafayette, IN?
The median annual salary for a Management Analysts in Lafayette-West Lafayette, IN is $101,230. This typically ranges from $55,020 for entry-level positions to $136,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 15.2% lower than the national median of $119,370.
Is Lafayette-West Lafayette, IN a lucrative place for Management Analysts?
No, not compared to the national average.While the cost of living is at the national average, the average salary for Management Analysts is below the national benchmark. The lower location quotient also suggests a less robust demand relative to national concentrations.
Is Lafayette-West Lafayette, IN a good place to live for Management Analysts?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($100,350) and Northern Indiana nonmetropolitan area.
How does the Lafayette-West Lafayette salary compare to the national average?
The average salary for Management Analysts in Lafayette-West Lafayette, IN is $101,230, which is lower than the national average of $119,370.
What is the Cost of Living in Lafayette-West Lafayette, IN?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100, which is exactly the national average.
How concentrated is the Management Analyst job market in Lafayette-West Lafayette, IN?
The job market for Management Analysts in Lafayette-West Lafayette, IN is less concentrated than the national average, with a Location Quotient of 0.4.
How many Management Analysts work in Lafayette-West Lafayette, IN?
There are approximately 240 Management Analysts employed in the Lafayette-West Lafayette, IN area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Lafayette-West Lafayette, IN area with a job density of 2.335 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-West Lafayette, IN