Average Management Occupations Salary in Akron, OH
Management professionals in Akron, OH, can expect an average annual salary of $123,560. This figure is slightly below the national average of $143,930, suggesting that local economic factors and industry demand play a significant role in compensation within the region. While not reaching the national benchmark, this salary reflects the specific needs and opportunities present in Akron's business landscape.
Executive Summary
- Average Salary: $123,560 per year.
- Growth Trend: Salaries have shifted 8.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,050.
- Outlook: Akron's management sector demonstrates a solid presence, with a total local workforce of 22,570 individuals in these roles. The location quotient of 0.99 indicates that management occupations are nearly as concentrated in Akron as they are nationally, suggesting a stable and established demand for these positions. With 70.512 jobs per 1,000 workers, the market is robust enough to support a significant number of management professionals.
Salary Overview
The average Management Occupations in Akron, OH earns-14.2%below the national average.
$59.4
$2,376
$10,297
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that management salaries in Akron, OH, have experienced growth over the past four years, mirroring national trends. Economic expansion, evolving business needs, and inflation typically drive an upward trajectory in compensation for skilled professionals, including those in management roles. This general trend suggests a positive outlook for earning potential in this sector.
Management Occupations Salary Distribution in Akron, OH
The salary spectrum for management occupations in Akron, OH, naturally widens with experience. Entry-level positions will command salaries at the lower end of the scale, while senior executives and those with specialized expertise can expect significantly higher compensation. The percentile gaps between these levels highlight the substantial career progression and earning potential available to dedicated professionals as they advance through their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,640 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,670 | $44.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,040 | $49.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,450 | $74.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,050 | $100.5 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$123,560
Gross Pay
Real Wage (Purchasing Power)
$123,560
Adjusted for COL (100)
With an average annual salary of $123,560 and a cost of living index of 100, management professionals relocating to Akron, OH, will find their nominal income aligns precisely with the national average cost of living. This means that the purchasing power of their salary in Akron is equivalent to the national average, offering a stable financial foundation without the immediate pressure of significantly higher or lower living expenses.
Job Market Context
22,570
Total Jobs
70.512
Per 1K Jobs
0.99
Location Quotient
Akron, OH has 0.99x the national average concentration of Management Occupations 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 0.99 for management occupations in Akron, OH, signifies a market that is closely aligned with the national average in terms of concentration. This suggests that while management roles are not disproportionately more common than elsewhere, the demand is consistent and stable. The job market is neither oversaturated nor exceptionally scarce, presenting a balanced environment for both employers seeking talent and professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Management Occupations Salary | $106,650↓ 14% | 20 mi |
| Cleveland, OH Management Occupations Salary | $125,820↑ 2% | 29 mi |
| Youngstown-Warren, OH Management Occupations Salary | $99,870↓ 19% | 46 mi |
| Mansfield, OH Management Occupations Salary | $99,520↓ 19% | 57 mi |
| Sandusky, OH Management Occupations Salary | $101,090↓ 18% | 66 mi |
Comparing salaries near Akron, OH
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Akron, OH?
The median annual salary for a Management Occupations in Akron, OH is $123,560. This typically ranges from $48,640 for entry-level positions to $209,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 14.2% lower than the national median of $143,930.
Is Akron, OH a lucrative place for Management Occupationss?
Yes, it offers competitive compensation relative to its cost of living.The average salary of $123,560 in Akron, OH, is strong, especially when considering the cost of living index is exactly at the national average. This indicates good purchasing power for management professionals in the region.
Is Akron, OH a good place to live for Management Occupations?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($106,650) and Cleveland, OH.
How does Akron's management salary compare to the national average?
The average annual salary for Management Occupations in Akron, OH, is $123,560, which is approximately 14% lower than the national average of $143,930.
What is the concentration of management jobs in Akron, OH?
Akron, OH, has a location quotient of 0.99 for management occupations, indicating that the concentration of these jobs is very close to the national average.
How does the cost of living in Akron affect salary perception?
With a cost of living index of 100, Akron's cost of living is exactly at the national average. This means the $123,560 salary offers purchasing power equivalent to the national average, making it a stable financial environment.
What is the overall job market like for management roles in Akron?
The market is robust, with 70.512 management jobs per 1,000 workers and a total local workforce of 22,570 in these occupations, suggesting consistent demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 22,570 employees in the Akron, OH area with a job density of 70.512 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 Occupations • Data source: BLS OEWS 2024 •Jobs in Akron, OH