Average Management Analysts Salary in Northern Indiana nonmetropolitan area
Management Analysts in the Northern Indiana nonmetropolitan area earn an average annual salary of $83,360. This figure is notably lower than the national average of $119,370. The disparity in compensation is primarily driven by the specific economic landscape and demand dynamics characteristic of this nonmetropolitan region.
Executive Summary
- Average Salary: $83,360 per year.
- Growth Trend: Salaries have shifted 11.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,220.
- Outlook: The job market for Management Analysts in Northern Indiana, with a total local workforce of 390, indicates a modest presence. The low Location Quotient of 0.31 suggests that this role is less concentrated here compared to national averages, implying a potentially niche or developing demand for these specialized skills within the region.
Salary Overview
The average Management Analysts in Northern Indiana nonmetropolitan area earns-30.2%below the national average.
$40.1
$1,603
$6,947
Management Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Management Analyst salaries across nonmetropolitan areas have experienced steady growth over the past four years, mirroring broader economic trends and increasing demand for strategic business consulting services.
Management Analysts Salary Distribution in Northern Indiana nonmetropolitan area
Salary progression for Management Analysts typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries significantly higher than the average. The widening gap between entry-level and senior roles reflects the value placed on accumulated knowledge and strategic insight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,390 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,520 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,550 | $40.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,200 | $50.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,220 | $56.4 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$83,360
Gross Pay
Real Wage (Purchasing Power)
$83,360
Adjusted for COL (100)
The nominal average salary of $83,360 in Northern Indiana aligns precisely with the national average Cost of Living Index of 100. This means that while the absolute salary is lower than the national average, the purchasing power of this income is equivalent to the national average, making the effective financial standing comparable.
Job Market Context
390
Total Jobs
1.825
Per 1K Jobs
0.31
Location Quotient
At 0.31x, Northern Indiana nonmetropolitan area has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.31, the market for Management Analysts in Northern Indiana is significantly less concentrated than the national average. This suggests that the job market is not saturated, and opportunities may be more specialized or less abundant compared to metropolitan areas, potentially offering a unique competitive landscape for professionals.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Management Analysts Salary | $103,360↑ 24% | 8 mi |
| Kokomo, IN Management Analysts Salary | $100,350↑ 20% | 43 mi |
| Columbus, IN Management Analysts Salary | $92,370↑ 11% | 48 mi |
| Bloomington, IN Management Analysts Salary | $111,440↑ 34% | 49 mi |
| Lafayette-West Lafayette, IN Management Analysts Salary | $101,230↑ 21% | 50 mi |
Comparing salaries near Northern Indiana nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Northern Indiana nonmetropolitan area?
The median annual salary for a Management Analysts in Northern Indiana nonmetropolitan area is $83,360. This typically ranges from $40,390 for entry-level positions to $117,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Indiana nonmetropolitan area is 30.2% lower than the national median of $119,370.
Is Northern Indiana nonmetropolitan area a lucrative place for Management Analysts?
No, it is not as lucrative as the national average.The average salary of $83,360 is substantially below the national average of $119,370. However, the cost of living being at the national average means the purchasing power is comparable.
Is Northern Indiana nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Northern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($103,360) and Kokomo, IN.
How does the number of Management Analysts compare to the national average in Northern Indiana?
With only 1.825 Management Analysts per 1,000 workers and a Location Quotient of 0.31, the concentration of these professionals is considerably lower than the national average.
What is the significance of the Location Quotient for Management Analysts in this area?
A Location Quotient of 0.31 indicates that Management Analysts are less prevalent in Northern Indiana's nonmetropolitan area compared to the rest of the country, suggesting a less developed or more specialized market.
Does the cost of living affect the perceived value of a Management Analyst's salary in Northern Indiana?
No, the cost of living index is exactly at the national average (100), meaning the $83,360 salary has the same purchasing power as the national average salary.
What does the total local workforce size suggest about Management Analyst opportunities?
A total local workforce of 390 suggests a smaller overall job market, which, combined with the low concentration, implies that Management Analyst roles might be fewer and more specific to regional industries.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Northern Indiana nonmetropolitan area area with a job density of 1.825 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 Northern Indiana nonmetropolitan area