Average Management Analysts Salary in Southern Indiana nonmetropolitan area
Management Analysts in Southern Indiana's nonmetropolitan areas earn an average annual salary of $95,230. This figure is notably below the national average of $119,370, reflecting the economic dynamics and potentially lower demand for specialized analytical roles in less urbanized regions. The compensation is influenced by the specific industry mix and the overall economic output of the area.
Executive Summary
- Average Salary: $95,230 per year.
- Growth Trend: Salaries have shifted 4.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,430.
- Outlook: The job market for Management Analysts in this Southern Indiana nonmetropolitan area appears modest, with a total local workforce of 420 individuals in this profession. The low Location Quotient of 0.37 suggests that this role is less concentrated here compared to the national average, indicating a smaller, more specialized demand rather than a widespread abundance of opportunities.
Salary Overview
The average Management Analysts in Southern Indiana nonmetropolitan area earns-20.2%below the national average.
$45.8
$1,831
$7,936
Management Analysts Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that Management Analyst salaries nationwide have experienced steady growth over the past four years, driven by increasing business complexity and the need for strategic guidance. This trend likely extends to Southern Indiana, albeit potentially at a more conservative pace influenced by regional economic factors.
Management Analysts Salary Distribution in Southern Indiana nonmetropolitan area
Salary progression for Management Analysts typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned analysts with a proven track record and specialized expertise can expect to earn substantially more, potentially reaching well into the six figures. The percentile gaps in salary distribution highlight these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,860 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,423 | $34.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,990 | $43.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,038 | $57.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,430 | $64.6 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$95,230
Gross Pay
Real Wage (Purchasing Power)
$95,230
Adjusted for COL (100)
The nominal average salary of $95,230 in Southern Indiana's nonmetropolitan area is directly comparable to the national average cost of living index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, suggesting that the lower nominal wage is offset by the stable cost of living.
Job Market Context
420
Total Jobs
2.14
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Southern 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 0.37, Management Analyst roles are significantly less concentrated in this Southern Indiana nonmetropolitan area compared to the national average. This indicates a less competitive and potentially less saturated job market, where specialized skills might be highly valued, but the overall volume of available positions is lower.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Management Analysts Salary | $103,360↑ 9% | 8 mi |
| Kokomo, IN Management Analysts Salary | $100,350↑ 5% | 43 mi |
| Columbus, IN Management Analysts Salary | $92,370↓ 3% | 48 mi |
| Bloomington, IN Management Analysts Salary | $111,440↑ 17% | 49 mi |
| Lafayette-West Lafayette, IN Management Analysts Salary | $101,230↑ 6% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Southern Indiana nonmetropolitan area?
The median annual salary for a Management Analysts in Southern Indiana nonmetropolitan area is $95,230. This typically ranges from $47,860 for entry-level positions to $134,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 20.2% lower than the national median of $119,370.
Is Southern Indiana nonmetropolitan area a lucrative place for Management Analysts?
No, it is not considered a highly lucrative area for Management Analysts.The average salary of $95,230 is substantially lower than the national average, and the low concentration of these roles suggests limited high-paying opportunities.
Is Southern Indiana nonmetropolitan area a good place to live for Management Analysts?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($103,360) and Kokomo, IN.
How does the cost of living affect the Management Analyst salary in Southern Indiana?
The cost of living in Southern Indiana's nonmetropolitan area is at the national average (100), meaning the $95,230 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the concentration of Management Analysts in this region?
The concentration, measured by the Location Quotient, is 0.37, which is significantly below the national average, indicating fewer Management Analysts relative to the overall workforce.
How many Management Analysts are there in Southern Indiana nonmetropolitan area?
There are approximately 420 Management Analysts employed in this specific nonmetropolitan area of Southern Indiana.
Are there many job openings for Management Analysts in this region?
The low Location Quotient and relatively small total workforce suggest that the number of job openings may be limited compared to more densely populated or economically diverse regions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the Southern Indiana nonmetropolitan area area with a job density of 2.14 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 Southern Indiana nonmetropolitan area