Average Management Occupations Salary in Kokomo, IN
Management Occupations in Kokomo, IN, command an average annual salary of $112,210. This figure is notably below the national average of $143,930, reflecting localized economic factors and industry demand within the Kokomo area. The specific pay scales in Kokomo are intrinsically tied to the regional economic landscape and the concentration of businesses requiring managerial expertise.
Executive Summary
- Average Salary: $112,210 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,280.
- Outlook: With a local workforce of 1,340 individuals in Management Occupations, Kokomo presents a moderate employment base. The Location Quotient of 0.53 indicates that this sector is less concentrated in Kokomo compared to the national average, suggesting a potentially less saturated but also less robust market for these roles. The presence of 37.821 jobs per 1,000 workers signifies a steady, albeit not overwhelming, demand for management professionals.
Salary Overview
The average Management Occupations in Kokomo, IN earns-22.0%below the national average.
$54
$2,158
$9,351
Management Occupations Salary Trends (2020-2024)
While specific historical data for Kokomo's Management Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for skilled leadership, and evolving business needs likely contribute to incremental salary increases for management roles within the region, aiming to keep pace with broader economic shifts.
Management Occupations Salary Distribution in Kokomo, IN
Salary progression for Management Occupations in Kokomo, IN, typically scales significantly with experience. Entry-level management positions will naturally fall at the lower end of the pay spectrum, while senior leadership roles, characterized by greater responsibility and strategic oversight, command substantially higher compensation. The percentile gaps between these levels underscore the clear career trajectory and earning potential available to those who advance within the management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,430 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,158 | $40.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,740 | $47 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,263 | $67.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,280 | $85.7 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$112,210
Gross Pay
Real Wage (Purchasing Power)
$112,210
Adjusted for COL (100)
The average annual salary of $112,210 in Kokomo, IN, 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 Kokomo is equivalent to the national standard, offering a stable financial foundation without the added pressure of higher living expenses often found in more expensive metropolitan areas.
Job Market Context
1,340
Total Jobs
37.821
Per 1K Jobs
0.53
Location Quotient
Kokomo, IN has 0.53x 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 0.53 for Management Occupations in Kokomo, IN, indicates that the concentration of these roles is about half that of the national average. This suggests that while management positions are present and essential, the job market may be less competitive than in areas with a higher concentration of such roles, potentially offering more opportunities for skilled individuals to find positions without facing intense competition.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Lafayette-West Lafayette, IN Management Occupations Salary | $124,960↑ 11% | 39 mi |
| Muncie, IN Management Occupations Salary | $112,990↑ 1% | 43 mi |
| Northern Indiana nonmetropolitan area Management Occupations Salary | $112,070↓ 0% | 43 mi |
| Southern Indiana nonmetropolitan area Management Occupations Salary | $108,180↓ 4% | 43 mi |
| Central Indiana nonmetropolitan area Management Occupations Salary | $108,370↓ 3% | 43 mi |
Comparing salaries near Kokomo, IN
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Kokomo, IN?
The median annual salary for a Management Occupations in Kokomo, IN is $112,210. This typically ranges from $48,430 for entry-level positions to $178,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kokomo, IN is 22.0% lower than the national median of $143,930.
Is Kokomo, IN a lucrative place for Management Occupationss?
No, not when compared to the national average.While the $112,210 average salary is substantial, it falls significantly below the national average of $143,930. However, the cost of living being at the national average offsets this disparity somewhat.
Is Kokomo, IN a good place to live for Management Occupations?
The Cost of Living Index in Kokomo, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kokomo, IN?
Some top paying nearby cities include Lafayette-West Lafayette, IN ($124,960) and Muncie, IN.
How does Kokomo's management salary compare to the national average?
The average salary for Management Occupations in Kokomo, IN, is $112,210, which is considerably lower than the national average of $143,930.
What is the Cost of Living in Kokomo, IN for managers?
Kokomo, IN, has a Cost of Living Index of 100, which is exactly the national average. This means the purchasing power of a salary in Kokomo is equivalent to the national average.
How concentrated are Management Occupations in Kokomo?
The Location Quotient for Management Occupations in Kokomo is 0.53, indicating that these jobs are less concentrated in Kokomo compared to the national average.
What is the total workforce size for Management Occupations in Kokomo?
There are approximately 1,340 individuals employed in Management Occupations within Kokomo, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,340 employees in the Kokomo, IN area with a job density of 37.821 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 Kokomo, IN