Average Management Analysts Salary in New Haven, CT
Management Analysts in New Haven, CT, earn an average annual salary of $99,270. 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 Connecticut city. Factors such as the specific industry concentration and the overall economic environment of New Haven likely contribute to this pay differential.
Executive Summary
- Average Salary: $99,270 per year.
- Growth Trend: Salaries have shifted 6.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,610.
- Outlook: The New Haven, CT, market for Management Analysts shows a moderate presence, with a total local workforce of 1,130 individuals. The Location Quotient of 0.69 indicates that this profession is less concentrated in New Haven compared to the national average, suggesting a potentially less saturated but also potentially less robust demand for these specialized roles within the immediate area.
Salary Overview
The average Management Analysts in New Haven, CT earns-16.8%below the national average.
$47.7
$1,909
$8,273
Management Analysts Salary Trends (2020-2024)
While specific historical data for New Haven is not provided, it is generally assumed that the Management Analyst field has experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by an increasing need for strategic planning, operational efficiency, and data-driven decision-making across various industries, which likely translates to stable or increasing salary expectations in New Haven.
Management Analysts Salary Distribution in New Haven, CT
The salary trajectory for Management Analysts in New Haven, CT, is expected to scale significantly with experience. Entry-level positions typically start at the lower end of the pay scale, while senior analysts with extensive experience and specialized skills can command substantially higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior roles highlights the clear career progression and increased earning potential within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,670 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,453 | $35.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,420 | $44 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $124,088 | $59.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $155,610 | $74.8 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$99,270
Gross Pay
Real Wage (Purchasing Power)
$99,270
Adjusted for COL (100)
With an average annual salary of $99,270 and a Cost of Living Index of 100, Management Analysts in New Haven, CT, find their nominal earnings align precisely with the national average cost of living. This means that the purchasing power of their salary in New Haven is equivalent to the national average, offering a stable financial foundation without the added pressure of a higher or lower cost of living.
Job Market Context
1,130
Total Jobs
3.976
Per 1K Jobs
0.69
Location Quotient
New Haven, CT has 0.69x the national average concentration of Management Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.69 for Management Analysts in New Haven, CT, signifies that the concentration of these professionals is below the national average. This suggests that the job market may be less competitive in terms of candidate availability, potentially offering opportunities for skilled analysts to find roles. However, it also implies that the overall demand might be proportionally lower compared to more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Management Analysts Salary | $142,660↑ 44% | 16 mi |
| Waterbury-Shelton, CT Management Analysts Salary | $117,510↑ 18% | 18 mi |
| Connecticut nonmetropolitan area Management Analysts Salary | $119,040↑ 20% | 22 mi |
| Hartford-West Hartford-East Hartford, CT Management Analysts Salary | $114,810↑ 16% | 34 mi |
| Norwich-New London-Willimantic, CT Management Analysts Salary | $116,970↑ 18% | 46 mi |
Comparing salaries near New Haven, CT
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in New Haven, CT?
The median annual salary for a Management Analysts in New Haven, CT is $99,270. This typically ranges from $49,670 for entry-level positions to $155,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Haven, CT is 16.8% lower than the national median of $119,370.
Is New Haven, CT a lucrative place for Management Analysts?
No, not compared to the national average.While the cost of living is average, the average salary for Management Analysts in New Haven is below the national average. This indicates that while your money may go as far, your overall earnings potential is lower than in other parts of the country.
Is New Haven, CT a good place to live for Management Analysts?
The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Haven, CT?
Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($142,660) and Waterbury-Shelton, CT.
How does the New Haven Management Analyst salary compare to the national average?
The average annual salary for Management Analysts in New Haven, CT, is $99,270, which is $20,000 less than the national average of $119,370.
What is the concentration of Management Analysts in New Haven, CT?
The concentration, measured by the Location Quotient, is 0.69, meaning there are fewer Management Analysts per worker in New Haven compared to the national average.
How does the cost of living in New Haven affect salary perception?
New Haven's Cost of Living Index is 100, which is the national average. This means the $99,270 salary has the same purchasing power as the national average salary in a national average cost of living area.
What does the job market size indicate for Management Analysts in New Haven?
With 3.976 jobs per 1,000 workers and a total local workforce of 1,130, the market size is moderate, with a below-average concentration of these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,130 employees in the New Haven, CT area with a job density of 3.976 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 New Haven, CT