Average Management Analysts Salary in Norwich-New London-Willimantic, CT
Management Analysts in the Norwich-New London-Willimantic, CT area earn an average annual salary of $116,970. This figure is slightly below the national average of $119,370, suggesting a localized compensation structure influenced by regional economic factors and industry demand within Connecticut. The specific pay rates reflect the unique economic landscape of this particular metropolitan area.
Executive Summary
- Average Salary: $116,970 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,000.
- Outlook: The job market for Management Analysts in Norwich-New London-Willimantic, CT, while not as concentrated as the national average with a Location Quotient of 0.29, still presents opportunities. With a total local workforce of 210 professionals in this field, the demand is steady, indicated by 1.693 jobs per 1,000 workers. This suggests a stable, albeit niche, employment environment for these analytical roles.
Salary Overview
The average Management Analysts in Norwich-New London-Willimantic, CT earns-2.0%below the national average.
$56.2
$2,249
$9,748
Management Analysts Salary Trends (2020-2024)
While specific historical data for this localized market is not provided, it is reasonable to assume that Management Analyst salaries in Norwich-New London-Willimantic, CT, have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, increased demand for strategic planning, and inflation typically drive upward adjustments in compensation for skilled analytical professionals.
Management Analysts Salary Distribution in Norwich-New London-Willimantic, CT
The career trajectory for Management Analysts typically involves significant salary progression based on experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more, potentially reaching the higher percentiles of the salary range. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,800 | $33.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,728 | $42.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,900 | $50 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,213 | $70.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,000 | $80.3 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$116,970
Gross Pay
Real Wage (Purchasing Power)
$116,970
Adjusted for COL (100)
For professionals considering a move to Norwich-New London-Willimantic, CT, the nominal salary of $116,970 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average Management Analyst salary in this area is equivalent to the national average, making it neither significantly more nor less affordable than other regions when comparing income to expenses.
Job Market Context
210
Total Jobs
1.693
Per 1K Jobs
0.29
Location Quotient
At 0.29x, Norwich-New London-Willimantic, CT has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.29 indicates that Management Analyst roles are less concentrated in the Norwich-New London-Willimantic, CT area compared to the national average. This suggests a less competitive market with potentially fewer specialized roles available, but also implies that skilled analysts may find a more direct path to employment without facing the intense competition seen in highly saturated regions.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT Management Analysts Salary | $114,810↓ 2% | 34 mi |
| Connecticut nonmetropolitan area Management Analysts Salary | $119,040↑ 2% | 35 mi |
| Providence-Warwick, RI-MA Management Analysts Salary | $105,060↓ 10% | 39 mi |
| Springfield, MA Management Analysts Salary | $120,950↑ 3% | 45 mi |
| New Haven, CT Management Analysts Salary | $99,270↓ 15% | 46 mi |
Comparing salaries near Norwich-New London-Willimantic, CT
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Frequently Asked Questions
How much does a Management Analysts make in Norwich-New London-Willimantic, CT?
The median annual salary for a Management Analysts in Norwich-New London-Willimantic, CT is $116,970. This typically ranges from $69,800 for entry-level positions to $167,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Norwich-New London-Willimantic, CT is 2.0% lower than the national median of $119,370.
Is Norwich-New London-Willimantic, CT a lucrative place for Management Analysts?
No, it is slightly less lucrative than the national average.The average salary of $116,970 is marginally below the national average of $119,370. However, the cost of living is exactly at the national average, meaning the effective purchasing power is comparable.
Is Norwich-New London-Willimantic, CT a good place to live for Management Analysts?
The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Norwich-New London-Willimantic, CT?
Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($114,810) and Connecticut nonmetropolitan area.
How does the local salary compare to the national average?
The average salary for Management Analysts in Norwich-New London-Willimantic, CT, is $116,970, which is slightly lower than the national average of $119,370.
What is the cost of living in Norwich-New London-Willimantic, CT for Management Analysts?
The cost of living in Norwich-New London-Willimantic, CT, is exactly at the national average, with an index of 100, meaning expenses are neither higher nor lower than the typical US city.
How concentrated is the Management Analyst job market in this area?
The job market for Management Analysts is less concentrated than the national average, with a Location Quotient of 0.29, indicating fewer specialized roles relative to the national distribution.
What is the total number of Management Analysts in Norwich-New London-Willimantic, CT?
There are approximately 210 Management Analysts working within the Norwich-New London-Willimantic, CT metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Norwich-New London-Willimantic, CT area with a job density of 1.693 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 Norwich-New London-Willimantic, CT