Average Management Analysts Salary in Lexington Park, MD
Management Analysts in Lexington Park, MD, command an impressive average annual salary of $124,730, notably exceeding the national average of $119,370. This elevated compensation is likely driven by the significant concentration of related industries and government contracts prevalent in the region, creating a specialized demand for analytical expertise.
Executive Summary
- Average Salary: $124,730 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,790.
- Outlook: Lexington Park, MD, presents a robust job market for Management Analysts, evidenced by a substantial local workforce of 1,450 individuals. The exceptionally high Location Quotient of 3.5 indicates a significantly higher concentration of these roles compared to the national average, signaling strong and sustained demand within the area.
Salary Overview
The average Management Analysts in Lexington Park, MD earns+4.5%above the national average.
$60
$2,399
$10,394
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Management Analyst salaries in Lexington Park, MD, have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for strategic planning, and the evolving complexity of business operations likely contribute to this upward salary trajectory.
Management Analysts Salary Distribution in Lexington Park, MD
The career path for Management Analysts in Lexington Park, MD, offers significant earning potential, with experience playing a crucial role in salary progression. 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, reflected in the widening percentile gaps as one moves towards senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,170 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,548 | $45 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,630 | $61.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $155,913 | $75 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,790 | $80.7 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$124,730
Gross Pay
Real Wage (Purchasing Power)
$124,730
Adjusted for COL (100)
For Management Analysts considering a move to Lexington Park, MD, the nominal average salary of $124,730 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial foundation without the added pressure of higher living expenses.
Job Market Context
1,450
Total Jobs
20.297
Per 1K Jobs
3.5
Location Quotient
Lexington Park, MD has 3.5x the national concentration of Management Analysts jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 3.5 for Management Analysts in Lexington Park, MD, signifies a highly concentrated job market. This indicates that the demand for these professionals is substantially higher than the national average, suggesting a competitive environment for employers seeking talent and a favorable landscape for skilled analysts.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Salisbury, MD Management Analysts Salary | $106,290↓ 15% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Management Analysts Salary | $131,060↑ 5% | 55 mi |
| Maryland nonmetropolitan area Management Analysts Salary | $111,930↓ 10% | 59 mi |
| Baltimore-Columbia-Towson, MD Management Analysts Salary | $121,240↓ 3% | 72 mi |
| Richmond, VA Management Analysts Salary | $100,940↓ 19% | 75 mi |
Comparing salaries near Lexington Park, MD
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Frequently Asked Questions
How much does a Management Analysts make in Lexington Park, MD?
The median annual salary for a Management Analysts in Lexington Park, MD is $124,730. This typically ranges from $77,170 for entry-level positions to $167,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 4.5% higher than the national median of $119,370.
Is Lexington Park, MD a lucrative place for Management Analysts?
Yes, Lexington Park, MD is a lucrative location for Management Analysts.The average salary significantly surpasses the national average, and the cost of living is on par, indicating strong earning potential and financial stability.
Is Lexington Park, MD a good place to live for Management Analysts?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($106,290) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the number of Management Analysts in Lexington Park compare to the national average?
Lexington Park, MD has 20.297 Management Analysts per 1,000 workers, which is considerably higher than the national average, as indicated by its Location Quotient of 3.5.
What is the significance of the Location Quotient (LQ) for Management Analysts in Lexington Park?
An LQ of 3.5 means that Lexington Park has 3.5 times the concentration of Management Analysts compared to the national average, highlighting a specialized and robust local demand for this profession.
Does the cost of living in Lexington Park, MD affect the value of the Management Analyst salary?
No, the cost of living in Lexington Park is exactly at the national average (100), meaning the higher-than-average salary translates directly into greater purchasing power for analysts.
What does the total local workforce size suggest about the Management Analyst job market?
With a local workforce of 1,450 Management Analysts, the market is substantial enough to support a healthy number of job opportunities and career progression paths within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,450 employees in the Lexington Park, MD area with a job density of 20.297 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 Lexington Park, MD