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Average Management Occupations Salary in Bangor, ME

In Bangor, Maine, professionals in Management Occupations can expect an average annual salary of $111,960. This figure is notably below the national average of $143,930, reflecting the unique economic landscape and demand specific to the region. Localized economic factors and industry concentrations significantly influence compensation levels for management roles.

Executive Summary

  • Average Salary: $111,960 per year.
  • Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $187,830.
  • Outlook: With a total local workforce of 4,300 individuals engaged in Management Occupations, Bangor presents a moderate employment base. The location quotient of 0.84 suggests that management roles are slightly less concentrated here compared to the national average, indicating a stable but not exceptionally high demand for these positions within the local economy.
2024 Market Data

Salary Overview

$111,960

The average Management Occupations in Bangor, ME earns-22.2%below the national average.

BreakdownBased on 40h/week
Hourly

$53.8

Weekly

$2,153

Monthly

$9,330

Management Occupations Salary Distribution in Bangor, ME

The career trajectory for Management Occupations in Bangor, ME, typically involves significant salary progression from entry-level to senior positions. While specific percentile data is unavailable, the difference between starting salaries and those for seasoned executives often represents a substantial increase, highlighting opportunities for advancement and higher earning potential with experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,300$25.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$83,970$40.4
ManagerOversees team, compliance, and project delivery.50% (Median)$97,230$46.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$139,950$67.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$187,830$90.3

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$111,960

Gross Pay

Real Wage (Purchasing Power)

$111,960

Adjusted for COL (100)

Bangor, ME, offers a cost of living index of 100, which is precisely at the national average. This means that the average salary of $111,960 in Bangor provides purchasing power equivalent to the national average, making the nominal salary quite competitive when considering local expenses.

Job Market Context

4,300

Total Jobs

60.079

Per 1K Jobs

0.84

Location Quotient

Below Average

Bangor, ME has 0.84x 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 0.84 for Management Occupations in Bangor indicates a slightly lower concentration of these roles compared to the national benchmark. This suggests that while management positions are present and necessary, the market may be less saturated than in larger metropolitan areas, potentially offering a balanced competitive environment for job seekers.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
Southwest Maine nonmetropolitan area Management Occupations Salary$106,530↓ 5%31 mi
Northeast Maine nonmetropolitan area Management Occupations Salary$104,120↓ 7%31 mi
Lewiston-Auburn, ME Management Occupations Salary$114,400↑ 2%85 mi

Comparing salaries near Bangor, ME

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Bangor, ME?

The median annual salary for a Management Occupations in Bangor, ME is $111,960. This typically ranges from $52,300 for entry-level positions to $187,830 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bangor, ME is 22.2% lower than the national median of $143,930.

Is Bangor, ME a lucrative place for Management Occupationss?

Yes, with a caveat.The average salary of $111,960 is competitive given the national average cost of living. However, it trails the national average salary for these roles.

Is Bangor, ME a good place to live for Management Occupations?

The Cost of Living Index in Bangor, ME is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Bangor, ME?

Some top paying nearby cities include Southwest Maine nonmetropolitan area ($106,530) and Northeast Maine nonmetropolitan area.

How does the Bangor management salary compare to the national average?

The average annual salary for Management Occupations in Bangor, ME, is $111,960, which is below the national average of $143,930.

What is the concentration of Management Occupations in Bangor, ME?

Bangor has a location quotient of 0.84 for Management Occupations, indicating a slightly lower concentration compared to the national average.

How does the cost of living in Bangor affect the salary?

Bangor's cost of living index is 100, matching the national average, meaning the $111,960 salary offers purchasing power equivalent to the national average.

What is the total workforce size for Management Occupations in Bangor?

There are approximately 4,300 individuals employed in Management Occupations within the Bangor, ME, local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,300 employees in the Bangor, ME area with a job density of 60.079 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Bangor, ME