Average Management Occupations Salary in Elkhart-Goshen, IN
In Elkhart-Goshen, IN, professionals in Management Occupations can expect an average annual salary of $132,150. This figure is slightly below the national average of $143,930, reflecting a localized economic landscape that influences compensation for these critical roles. Factors such as regional industry demands and the overall economic health of the area contribute to this pay differential.
Executive Summary
- Average Salary: $132,150 per year.
- Growth Trend: Salaries have shifted 22.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $211,290.
- Outlook: The Elkhart-Goshen area supports a substantial workforce of 6,040 individuals in Management Occupations. With a Location Quotient of 0.66, management roles are present but less concentrated than the national average, suggesting a stable, albeit not hyper-saturated, job market. The presence of 47.02 management jobs per 1,000 workers indicates a consistent demand for leadership and operational expertise within the local economy.
Salary Overview
The average Management Occupations in Elkhart-Goshen, IN earns-8.2%below the national average.
$63.5
$2,541
$11,013
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that management positions across the nation, including in Elkhart-Goshen, have experienced steady salary growth over the past four years. This trend is typically driven by inflation, increasing demand for skilled leadership, and the evolving complexities of business operations, leading to upward adjustments in compensation packages.
Management Occupations Salary Distribution in Elkhart-Goshen, IN
Salary progression within Management Occupations in Elkhart-Goshen, IN, is significantly influenced by experience. Entry-level management roles typically command salaries at the lower end of the spectrum, while senior positions with extensive experience and proven track records can earn considerably more. The percentile gaps between these levels signify clear career pathways and the increasing value placed on seasoned leadership within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,960 | $28.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,113 | $47.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $112,080 | $53.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,188 | $79.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $211,290 | $101.6 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$132,150
Gross Pay
Real Wage (Purchasing Power)
$132,150
Adjusted for COL (100)
For those considering a move to Elkhart-Goshen, IN, the average management salary of $132,150 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average management salary in this region is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses.
Job Market Context
6,040
Total Jobs
47.02
Per 1K Jobs
0.66
Location Quotient
Elkhart-Goshen, IN has 0.66x 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 0.66 for Management Occupations in Elkhart-Goshen indicates that these roles are less concentrated locally compared to the national average. This suggests that while management positions are integral to the local economy, the market may be less competitive for top-tier talent or offer fewer specialized opportunities than larger metropolitan areas. However, this lower concentration could also imply a greater need for skilled managers to fill existing gaps.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Management Occupations Salary | $121,560↓ 8% | 16 mi |
| Niles, MI Management Occupations Salary | $118,010↓ 11% | 18 mi |
| Kalamazoo-Portage, MI Management Occupations Salary | $122,960↓ 7% | 45 mi |
| Michigan City-La Porte, IN Management Occupations Salary | $113,570↓ 14% | 47 mi |
| Battle Creek, MI Management Occupations Salary | $127,800↓ 3% | 56 mi |
Comparing salaries near Elkhart-Goshen, IN
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Elkhart-Goshen, IN?
The median annual salary for a Management Occupations in Elkhart-Goshen, IN is $132,150. This typically ranges from $58,960 for entry-level positions to $211,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elkhart-Goshen, IN is 8.2% lower than the national median of $143,930.
Is Elkhart-Goshen, IN a lucrative place for Management Occupationss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $132,150 is below the national average of $143,930, although the cost of living is on par with the national average.
Is Elkhart-Goshen, IN a good place to live for Management Occupations?
The Cost of Living Index in Elkhart-Goshen, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elkhart-Goshen, IN?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($121,560) and Niles, MI.
How does the Elkhart-Goshen management salary compare to the national average?
The average annual salary for Management Occupations in Elkhart-Goshen, IN is $132,150, which is approximately 8.1% lower than the national average of $143,930.
What is the cost of living in Elkhart-Goshen, IN for managers?
The Cost of Living Index in Elkhart-Goshen, IN is 100, which is exactly the national average. This means the purchasing power of salaries in this area is comparable to the national standard.
How concentrated are management jobs in Elkhart-Goshen, IN?
The Location Quotient of 0.66 indicates that management jobs are less concentrated in Elkhart-Goshen compared to the national average, suggesting a moderate level of market saturation.
What does the number of jobs per 1,000 workers suggest for management roles in Elkhart-Goshen, IN?
With 47.02 jobs per 1,000 workers, there is a solid presence of management roles, indicating consistent demand for leadership within the 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 6,040 employees in the Elkhart-Goshen, IN area with a job density of 47.02 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 Elkhart-Goshen, IN