Average Management Occupations Salary in Hickory-Lenoir-Morganton, NC
In Hickory-Lenoir-Morganton, NC, professionals in Management Occupations can expect an average annual salary of $117,900. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape and the concentration of management roles likely influence this pay scale.
Executive Summary
- Average Salary: $117,900 per year.
- Growth Trend: Salaries have shifted 8.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,400.
- Outlook: The Hickory-Lenoir-Morganton area supports a substantial workforce of 6,950 individuals in Management Occupations. With a Location Quotient of 0.63, management roles are less concentrated here than the national average, indicating a potentially less saturated but also less specialized market. The presence of 44.831 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for management talent.
Salary Overview
The average Management Occupations in Hickory-Lenoir-Morganton, NC earns-18.1%below the national average.
$56.7
$2,267
$9,825
Management Occupations Salary Trends (2020-2024)
While specific historical data for Hickory-Lenoir-Morganton is not provided, it is generally assumed that salaries for Management Occupations have seen consistent growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive up demand and, consequently, compensation for skilled management professionals across most regions.
Management Occupations Salary Distribution in Hickory-Lenoir-Morganton, NC
Salary progression within Management Occupations is strongly tied to experience. Entry-level management positions typically command lower salaries, while senior and executive roles, requiring extensive experience and proven leadership, can significantly exceed the average. The widening gap between entry-level and senior-level salaries reflects the increasing value and responsibility associated with career advancement in management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,400 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,425 | $42.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,390 | $47.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,375 | $70.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,400 | $98.8 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$117,900
Gross Pay
Real Wage (Purchasing Power)
$117,900
Adjusted for COL (100)
The average annual salary of $117,900 in Hickory-Lenoir-Morganton aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a management professional's salary in this area is equivalent to the national average, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
6,950
Total Jobs
44.831
Per 1K Jobs
0.63
Location Quotient
Hickory-Lenoir-Morganton, NC has 0.63x 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 0.63 for Management Occupations in Hickory-Lenoir-Morganton indicates that these roles are less prevalent locally compared to the national average. This suggests that while management positions exist, the market may be less competitive for job seekers, potentially offering more opportunities for those with specialized skills, but also implying a smaller overall pool of available senior roles.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Charlotte-Concord-Gastonia, NC-SC Management Occupations Salary | $146,840↑ 25% | 45 mi |
| Spartanburg, SC Management Occupations Salary | $125,160↑ 6% | 65 mi |
| Winston-Salem, NC Management Occupations Salary | $125,730↑ 7% | 65 mi |
| Asheville, NC Management Occupations Salary | $113,560↓ 4% | 70 mi |
| Johnson City, TN Management Occupations Salary | $114,950↓ 3% | 72 mi |
Comparing salaries near Hickory-Lenoir-Morganton, NC
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Hickory-Lenoir-Morganton, NC?
The median annual salary for a Management Occupations in Hickory-Lenoir-Morganton, NC is $117,900. This typically ranges from $49,400 for entry-level positions to $205,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hickory-Lenoir-Morganton, NC is 18.1% lower than the national median of $143,930.
Is Hickory-Lenoir-Morganton, NC a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $117,900 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, meaning your salary's purchasing power is standard.
Is Hickory-Lenoir-Morganton, NC a good place to live for Management Occupations?
The Cost of Living Index in Hickory-Lenoir-Morganton, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hickory-Lenoir-Morganton, NC?
Some top paying nearby cities include Charlotte-Concord-Gastonia, NC-SC ($146,840) and Spartanburg, SC.
How does the Hickory-Lenoir-Morganton management salary compare to the rest of North Carolina?
Without specific North Carolina state data, we can only compare to the national average. The Hickory-Lenoir-Morganton average salary of $117,900 is below the national average, suggesting it may also be lower than the state average, depending on major metropolitan areas within NC.
What is the significance of the Location Quotient (LQ) being 0.63?
An LQ of 0.63 means that management occupations are 37% less concentrated in Hickory-Lenoir-Morganton than the national average. This could imply fewer specialized roles but potentially less competition for available positions.
Does the cost of living affect the perceived value of the $117,900 salary?
No, the cost of living in Hickory-Lenoir-Morganton is exactly at the national average (100). This means the $117,900 salary has the same purchasing power as the national average salary, making it neither particularly high nor low in real terms.
What does 'Jobs per 1,000 Workers' of 44.831 tell us about the management job market?
This figure indicates that for every 1,000 workers in the Hickory-Lenoir-Morganton labor force, approximately 45 are in management occupations. This provides a measure of the relative size of the management sector within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,950 employees in the Hickory-Lenoir-Morganton, NC area with a job density of 44.831 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 Hickory-Lenoir-Morganton, NC