Average Management Analysts Salary in Waterbury-Shelton, CT
Management Analysts in the Waterbury-Shelton, CT area earn an average annual salary of $117,510. This figure is slightly below the national average of $119,370, suggesting a localized compensation structure that may be influenced by regional economic factors and industry demand specific to Connecticut.
Executive Summary
- Average Salary: $117,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $184,100.
- Outlook: The Waterbury-Shelton, CT market for Management Analysts shows a modest concentration, with a Location Quotient of 0.34, indicating fewer analysts per worker compared to the national average. The total local workforce of 320, with 1.987 jobs per 1,000 workers, suggests a stable but not hyper-competitive demand for these professionals.
Salary Overview
The average Management Analysts in Waterbury-Shelton, CT earns-1.6%below the national average.
$56.5
$2,260
$9,793
Management Analysts Salary Trends (2020-2024)
While specific historical data for Waterbury-Shelton 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 demand for strategic guidance. This trend likely extends to the Waterbury-Shelton region, reflecting broader economic improvements and evolving industry needs.
Management Analysts Salary Distribution in Waterbury-Shelton, CT
Experience significantly impacts a Management Analyst's earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while senior analysts with extensive experience and a proven track record can command salaries well above the average. The percentile gaps in compensation clearly signify the career progression and increased value senior professionals bring to organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,720 | $31.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,133 | $42.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,590 | $49.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,888 | $70.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $184,100 | $88.5 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$117,510
Gross Pay
Real Wage (Purchasing Power)
$117,510
Adjusted for COL (100)
The average Management Analyst salary of $117,510 in Waterbury-Shelton, CT aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Management Analyst's salary in this region is comparable to the national average, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
320
Total Jobs
1.987
Per 1K Jobs
0.34
Location Quotient
At 0.34x, Waterbury-Shelton, CT 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 0.34, the Waterbury-Shelton, CT market for Management Analysts is less concentrated than the national average. This suggests that while opportunities exist, the field is not oversaturated, potentially offering a good balance for job seekers looking for a less competitive environment compared to major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Management Analysts Salary | $119,040↑ 1% | 15 mi |
| New Haven, CT Management Analysts Salary | $99,270↓ 16% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Management Analysts Salary | $114,810↓ 2% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Management Analysts Salary | $142,660↑ 21% | 27 mi |
| Springfield, MA Management Analysts Salary | $120,950↑ 3% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Management Analysts make in Waterbury-Shelton, CT?
The median annual salary for a Management Analysts in Waterbury-Shelton, CT is $117,510. This typically ranges from $64,720 for entry-level positions to $184,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 1.6% lower than the national median of $119,370.
Is Waterbury-Shelton, CT a lucrative place for Management Analysts?
Moderately lucrative.The average salary of $117,510 is close to the national average, and the cost of living is also at the national average. While not exceptionally high, it offers comparable earning potential and purchasing power.
Is Waterbury-Shelton, CT a good place to live for Management Analysts?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($119,040) and New Haven, CT.
How does the Waterbury-Shelton salary compare to the national average?
The average salary of $117,510 in Waterbury-Shelton is slightly below the national average of $119,370, indicating a minor difference in compensation.
What is the job market like for Management Analysts in Waterbury-Shelton?
The market is moderately concentrated with a Location Quotient of 0.34, suggesting a stable demand but less competition than the national average.
Does the cost of living affect the Management Analyst salary in Waterbury-Shelton?
No, the cost of living in Waterbury-Shelton is exactly at the national average (100), meaning the $117,510 salary has standard purchasing power.
How many Management Analysts are there in Waterbury-Shelton?
There are approximately 320 Management Analysts in the local workforce, with 1.987 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Waterbury-Shelton, CT area with a job density of 1.987 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 Waterbury-Shelton, CT