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Average Management Analysts Salary in Lexington-Fayette, KY

Management Analysts in Lexington-Fayette, KY earn an average annual salary of $108,250. This figure is notably below the national average of $119,370, suggesting that local market dynamics and potentially a lower cost of living influence compensation for this role in the region.

Executive Summary

  • Average Salary: $108,250 per year.
  • Growth Trend: Salaries have shifted 30.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $161,300.
  • Outlook: With a local workforce of 540 Management Analysts and a Location Quotient of 0.33, the job market in Lexington-Fayette, KY, indicates a lower concentration of these professionals compared to the national average. While the absolute number suggests a stable presence, the sub-average LQ points to potentially less intense competition but also fewer specialized opportunities.
2024 Market Data

Salary Overview

$108,250

The average Management Analysts in Lexington-Fayette, KY earns-9.3%below the national average.

BreakdownBased on 40h/week
Hourly

$52

Weekly

$2,082

Monthly

$9,021

Management Analysts Salary Distribution in Lexington-Fayette, KY

Salary progression for Management Analysts in Lexington-Fayette, KY, typically scales with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior analysts with extensive experience and specialized skills can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$57,860$27.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$81,188$39
ManagerOversees team, compliance, and project delivery.50% (Median)$87,430$42
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$135,313$65.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$161,300$77.5

Detailed Management Analysts Market Analysis

Relocation Context

Nominal Salary

$108,250

Gross Pay

Real Wage (Purchasing Power)

$108,250

Adjusted for COL (100)

The average nominal salary of $108,250 in Lexington-Fayette, KY, 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 this region is equivalent to the national average, offering a balanced lifestyle without significant financial strain or advantage due to cost of living.

Job Market Context

540

Total Jobs

1.891

Per 1K Jobs

0.33

Location Quotient

Low Concentration

At 0.33x, Lexington-Fayette, KY 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 0.33 for Management Analysts in Lexington-Fayette, KY, signifies that this profession is less concentrated locally than the national average. This suggests that while there is a consistent demand, the market is not saturated, potentially offering a stable environment for skilled professionals seeking roles without intense competition.

Nearby Job Markets

Nearby Cities for Management Analysts

CitySalaryDist.
Central Kentucky nonmetropolitan area Management Analysts Salary$88,120↓ 19%28 mi
South Central Kentucky nonmetropolitan area Management Analysts Salary$86,990↓ 20%28 mi
West Kentucky nonmetropolitan area Management Analysts Salary$87,480↓ 19%28 mi
East Kentucky nonmetropolitan area Management Analysts Salary$70,040↓ 35%28 mi
Louisville/Jefferson County, KY-IN Management Analysts Salary$94,850↓ 12%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Management Analystss?

Frequently Asked Questions

How much does a Management Analysts make in Lexington-Fayette, KY?

The median annual salary for a Management Analysts in Lexington-Fayette, KY is $108,250. This typically ranges from $57,860 for entry-level positions to $161,300 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 9.3% lower than the national median of $119,370.

Is Lexington-Fayette, KY a lucrative place for Management Analysts?

No, but it offers balanced purchasing power.The average salary of $108,250 is below the national average, but the Cost of Living Index of 100 means your earnings have average purchasing power locally.

Is Lexington-Fayette, KY a good place to live for Management Analysts?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($88,120) and South Central Kentucky nonmetropolitan area.

How does the Lexington-Fayette, KY Management Analyst salary compare to the national average?

Management Analysts in Lexington-Fayette, KY, earn an average of $108,250 annually, which is approximately $11,120 less than the national average of $119,370.

What is the concentration of Management Analysts in Lexington-Fayette, KY?

The Location Quotient for Management Analysts in Lexington-Fayette, KY, is 0.33, indicating that the profession is less concentrated in this area compared to the national average.

How does the Cost of Living affect the salary in Lexington-Fayette, KY?

With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $108,250 salary offers average purchasing power for residents.

What does a low Location Quotient imply for job seekers?

A Location Quotient of 0.33 suggests fewer Management Analysts are employed locally relative to the national average, which could mean less competition for jobs but potentially fewer specialized roles.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Lexington-Fayette, KY area with a job density of 1.891 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY