Average Management Occupations Salary in Baltimore-Columbia-Towson, MD
In the Baltimore-Columbia-Towson, MD metropolitan area, professionals in Management Occupations earn an average annual salary of $140,370. This figure is slightly below the national average of $143,930, suggesting a nuanced compensation landscape influenced by local economic factors and industry demands specific to the region.
Executive Summary
- Average Salary: $140,370 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,800.
- Outlook: The Baltimore-Columbia-Towson area boasts a substantial workforce of 120,550 individuals in Management Occupations, with a location quotient of 1.26. This indicates a higher concentration of these roles compared to the national average, signaling a robust and potentially growing demand for management talent within the region's diverse economic sectors.
Salary Overview
The average Management Occupations in Baltimore-Columbia-Towson, MD earns-2.5%below the national average.
$67.5
$2,699
$11,698
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in the Baltimore-Columbia-Towson area have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing business complexity, evolving market demands, and the persistent need for skilled leadership across various industries.
Management Occupations Salary Distribution in Baltimore-Columbia-Towson, MD
Career progression within Management Occupations typically leads to significant salary increases. Entry-level management roles may start at a lower percentile, while senior leadership positions command higher earnings, often reaching into the top percentiles. The widening gap between entry-level and senior salaries reflects the accumulation of experience, specialized skills, and increased responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,100 | $29.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,278 | $50.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,690 | $60.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,463 | $84.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,800 | $110.5 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$140,370
Gross Pay
Real Wage (Purchasing Power)
$140,370
Adjusted for COL (100)
With an average annual salary of $140,370 and a Cost of Living Index of 100, the Baltimore-Columbia-Towson area offers a salary that aligns precisely with the national average cost of living. This means that the purchasing power of a management professional's income in this region is comparable to that of their counterparts across the United States.
Job Market Context
120,550
Total Jobs
89.915
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Baltimore-Columbia-Towson, MD has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
The location quotient of 1.26 for Management Occupations in Baltimore-Columbia-Towson signifies that these roles are more concentrated here than the national average. This suggests a competitive yet abundant job market, where employers actively seek management talent, and professionals have a good number of opportunities available within the region.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Management Occupations Salary | $111,910↓ 20% | 19 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Management Occupations Salary | $169,510↑ 21% | 35 mi |
| York-Hanover, PA Management Occupations Salary | $120,140↓ 14% | 47 mi |
| Gettysburg, PA Management Occupations Salary | $107,170↓ 24% | 50 mi |
| Lancaster, PA Management Occupations Salary | $117,030↓ 17% | 55 mi |
Comparing salaries near Baltimore-Columbia-Towson, MD
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Baltimore-Columbia-Towson, MD?
The median annual salary for a Management Occupations in Baltimore-Columbia-Towson, MD is $140,370. This typically ranges from $61,100 for entry-level positions to $229,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Baltimore-Columbia-Towson, MD is 2.5% lower than the national median of $143,930.
Is Baltimore-Columbia-Towson, MD a lucrative place for Management Occupationss?
Yes, it offers competitive compensation aligned with the national cost of living.The average salary of $140,370 is strong, especially when considering the national average cost of living index of 100. The high concentration of management roles (LQ 1.26) also indicates a healthy job market.
Is Baltimore-Columbia-Towson, MD a good place to live for Management Occupations?
The Cost of Living Index in Baltimore-Columbia-Towson, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Baltimore-Columbia-Towson, MD?
Some top paying nearby cities include Maryland nonmetropolitan area ($111,910) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Baltimore-Columbia-Towson salary compare to the national average?
The average annual salary for Management Occupations in Baltimore-Columbia-Towson is $140,370, which is slightly lower than the national average of $143,930.
What does the Location Quotient of 1.26 mean for management jobs?
A location quotient of 1.26 indicates that Management Occupations are 26% more concentrated in the Baltimore-Columbia-Towson area than the national average, suggesting a strong local demand.
How does the cost of living affect the salary in Baltimore-Columbia-Towson?
With a cost of living index of 100, the national average, the $140,370 salary in Baltimore-Columbia-Towson provides purchasing power equivalent to the national average.
What is the total number of management jobs per 1,000 workers in this area?
There are approximately 89.915 management jobs per 1,000 workers in the Baltimore-Columbia-Towson 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 120,550 employees in the Baltimore-Columbia-Towson, MD area with a job density of 89.915 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 Baltimore-Columbia-Towson, MD