Average Management Occupations Salary in Eastern New Mexico nonmetropolitan area
Management Occupations in the Eastern New Mexico nonmetropolitan area command an average annual salary of $115,340. This figure is notably below the national average of $143,930, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and local economic drivers contribute to this regional pay differential.
Executive Summary
- Average Salary: $115,340 per year.
- Growth Trend: Salaries have shifted 18.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,660.
- Outlook: With a local workforce of 8,270 individuals in Management Occupations, the presence of 50.569 jobs per 1,000 workers indicates a moderate level of employment within this sector. The location quotient of 0.71 suggests that management roles are slightly less concentrated here compared to the national average, implying a stable but not exceptionally high demand.
Salary Overview
The average Management Occupations in Eastern New Mexico nonmetropolitan area earns-19.9%below the national average.
$55.5
$2,218
$9,612
Management Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Management Occupations have experienced steady growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for skilled management professionals, and evolving industry needs.
Management Occupations Salary Distribution in Eastern New Mexico nonmetropolitan area
Career progression in Management Occupations typically sees a significant salary increase with experience. Entry-level positions might start at a lower percentile, while senior management roles, with extensive experience and proven leadership, can command salaries well into the higher percentiles. The widening gap between entry-level and senior roles signifies substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,290 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,505 | $41.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,770 | $49.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,175 | $69.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $177,660 | $85.4 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$115,340
Gross Pay
Real Wage (Purchasing Power)
$115,340
Adjusted for COL (100)
The average annual salary of $115,340 in Eastern New Mexico's nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of goods and services locally is neither a significant advantage nor a disadvantage when compared to the rest of the country.
Job Market Context
8,270
Total Jobs
50.569
Per 1K Jobs
0.71
Location Quotient
Eastern New Mexico nonmetropolitan area has 0.71x 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.
A location quotient of 0.71 for Management Occupations in Eastern New Mexico indicates that this sector is slightly underrepresented compared to the national average. This suggests that while management roles are present and necessary, the market is not saturated, potentially offering a competitive environment for skilled professionals seeking opportunities, but also indicating less intense competition than in more concentrated areas.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Management Occupations Salary | $126,050↑ 9% | 29 mi |
| Santa Fe, NM Management Occupations Salary | $114,360↓ 1% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Management Occupations in Eastern New Mexico nonmetropolitan area is $115,340. This typically ranges from $54,290 for entry-level positions to $177,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 19.9% lower than the national median of $143,930.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Management Occupationss?
No, not when compared to the national average.While the average salary of $115,340 is substantial, it falls below the national average of $143,930. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Eastern New Mexico nonmetropolitan area a good place to live for Management Occupations?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($126,050) and Santa Fe, NM.
How does the Eastern New Mexico salary compare to the national average?
The average salary for Management Occupations in Eastern New Mexico is $115,340, which is lower than the national average of $143,930.
What is the cost of living in Eastern New Mexico compared to the national average?
The cost of living index in Eastern New Mexico is 100, which is exactly the national average, indicating a neutral cost of living.
How concentrated are Management Occupations jobs in Eastern New Mexico?
The location quotient of 0.71 suggests that Management Occupations are slightly less concentrated in Eastern New Mexico than the national average.
What is the total number of Management Occupations jobs in Eastern New Mexico?
There are approximately 8,270 individuals employed in Management Occupations within the Eastern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,270 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 50.569 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 Eastern New Mexico nonmetropolitan area