Average Management Occupations Salary in Delaware
Management Occupations in Delaware command an impressive average annual salary of $159,760, significantly exceeding the national average of $143,930. This elevated compensation is likely influenced by Delaware's robust economic landscape and its strategic importance in various industries, which often necessitates higher-level managerial expertise.
Executive Summary
- Average Salary: $159,760 per year.
- Growth Trend: Salaries have shifted 8.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $239,640.
- Outlook: With a substantial local workforce of 23,530 individuals in Management Occupations, Delaware demonstrates a solid presence in this sector. The Location Quotient of 0.69 suggests that while management roles are present, they are slightly less concentrated than the national average, indicating a potentially balanced market with opportunities for skilled professionals.
Salary Overview
The average Management Occupations in Delaware earns+11.0%above the national average.
$76.8
$3,072
$13,313
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Management Occupations in Delaware have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by increasing demand for experienced leadership, economic expansion, and the evolving complexities of business operations.
Management Occupations Salary Distribution in Delaware
The salary spectrum for Management Occupations in Delaware widens considerably with experience. Entry-level positions might start closer to the lower percentiles, while senior executives and seasoned managers can command salaries well into the upper percentiles, reflecting a clear career progression path and the significant value placed on accumulated expertise and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,610 | $34.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,820 | $57.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,320 | $67.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,700 | $96 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $239,640 | $115.2 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$159,760
Gross Pay
Real Wage (Purchasing Power)
$158,492
Adjusted for COL (100.8)
The average annual salary of $159,760 in Delaware presents a favorable financial outlook when compared to the state's Cost of Living Index of 100.8. This index indicates that the cost of living is only marginally higher than the national average, suggesting that the higher nominal salary offers good purchasing power for management professionals relocating to or residing in Delaware.
Job Market Context
23,530
Total Jobs
49.389
Per 1K Jobs
0.69
Location Quotient
Delaware has 0.69x 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.
Delaware's Location Quotient of 0.69 for Management Occupations signifies that the state has a slightly lower concentration of these roles compared to the national average. This could imply a less saturated market, potentially offering more opportunities for specialized managers or those seeking to establish themselves in a growing sector, though it also suggests less overall industry dominance in this specific field.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Dover, DE Management Occupations Salary | $125,720↓ 21% | 11 mi |
| Vineland, NJ Management Occupations Salary | $135,150↓ 15% | 29 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Management Occupations Salary | $148,650↓ 7% | 47 mi |
| Atlantic City-Hammonton, NJ Management Occupations Salary | $135,260↓ 15% | 56 mi |
| Baltimore-Columbia-Towson, MD Management Occupations Salary | $140,370↓ 12% | 59 mi |
Comparing salaries near Delaware
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Delaware?
The median annual salary for a Management Occupations in Delaware is $159,760. This typically ranges from $72,610 for entry-level positions to $239,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Delaware is 11.0% higher than the national median of $143,930.
Is Delaware a lucrative place for Management Occupationss?
Yes, Delaware offers lucrative opportunities for Management Occupations.The average salary of $159,760 significantly surpasses the national average, and the cost of living is only slightly above the national norm, indicating strong earning potential.
Is Delaware a good place to live for Management Occupations?
The Cost of Living Index in Delaware is 100.8. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Delaware?
Some top paying nearby cities include Dover, DE ($125,720) and Vineland, NJ.
How does Delaware's management salary compare to the national average?
Management Occupations in Delaware earn an average of $159,760 annually, which is notably higher than the national average of $143,930.
What is the concentration of Management Occupations in Delaware?
Delaware has a Location Quotient of 0.69 for Management Occupations, indicating a slightly lower concentration of these roles compared to the national average.
Is the cost of living high in Delaware for managers?
The cost of living in Delaware is 100.8, which is only slightly above the national average of 100, making it relatively affordable for the high salaries offered to managers.
How many management jobs are there per 1,000 workers in Delaware?
There are approximately 49.39 management jobs per 1,000 workers in Delaware, reflecting a steady presence of these roles within the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 23,530 employees in the Delaware area with a job density of 49.389 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 Delaware