Average Management Occupations Salary in Lafayette-West Lafayette, IN
In Lafayette-West Lafayette, IN, professionals in Management Occupations earn an average annual salary of $124,960. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry concentrations play a significant role in compensation within this region.
Executive Summary
- Average Salary: $124,960 per year.
- Growth Trend: Salaries have shifted 15.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,720.
- Outlook: The Lafayette-West Lafayette area supports a local workforce of 4,670 individuals in Management Occupations. With a Location Quotient of 0.64, management roles are less concentrated here than the national average, indicating a potentially less saturated but also less specialized market compared to national hubs.
Salary Overview
The average Management Occupations in Lafayette-West Lafayette, IN earns-13.2%below the national average.
$60.1
$2,403
$10,413
Management Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that management salaries in Lafayette-West Lafayette have seen growth over the past four years, mirroring national trends of increasing compensation driven by inflation, demand, and evolving economic conditions.
Management Occupations Salary Distribution in Lafayette-West Lafayette, IN
Salary progression within Management Occupations in Lafayette-West Lafayette, as elsewhere, is typically tied to experience. Entry-level positions will command lower salaries, while senior management roles, with their increased responsibility and strategic input, will reach significantly higher earnings, with percentile gaps reflecting this career trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,320 | $25.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,720 | $45.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,990 | $50 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,200 | $75.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,720 | $98.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$124,960
Gross Pay
Real Wage (Purchasing Power)
$124,960
Adjusted for COL (100)
The average salary of $124,960 in Lafayette-West Lafayette aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national average, offering stable financial footing.
Job Market Context
4,670
Total Jobs
45.713
Per 1K Jobs
0.64
Location Quotient
Lafayette-West Lafayette, IN has 0.64x 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 0.64 signifies that Management Occupations are less prevalent in Lafayette-West Lafayette compared to the national landscape. This suggests that while opportunities exist, the market may be less competitive in terms of the sheer number of available roles relative to the workforce size, potentially offering a unique balance for job seekers.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Management Occupations Salary | $112,210↓ 10% | 39 mi |
| Northern Indiana nonmetropolitan area Management Occupations Salary | $112,070↓ 10% | 50 mi |
| Southern Indiana nonmetropolitan area Management Occupations Salary | $108,180↓ 13% | 50 mi |
| Central Indiana nonmetropolitan area Management Occupations Salary | $108,370↓ 13% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Management Occupations Salary | $131,330↑ 5% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Lafayette-West Lafayette, IN?
The median annual salary for a Management Occupations in Lafayette-West Lafayette, IN is $124,960. This typically ranges from $52,320 for entry-level positions to $205,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 13.2% lower than the national median of $143,930.
Is Lafayette-West Lafayette, IN a lucrative place for Management Occupationss?
No, not when compared to the national average.While the average salary of $124,960 is substantial, it falls short of the national average. However, the cost of living being at the national average means the salary's purchasing power is stable locally.
Is Lafayette-West Lafayette, IN a good place to live for Management Occupations?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($112,210) and Northern Indiana nonmetropolitan area.
What is the total number of management professionals in Lafayette-West Lafayette?
There are approximately 4,670 individuals employed in Management Occupations within the Lafayette-West Lafayette area.
How does Lafayette-West Lafayette's management job market compare to the national average?
The market is less concentrated than the national average, with a Location Quotient of 0.64, indicating fewer management roles per worker relative to the rest of the country.
What is the cost of living in Lafayette-West Lafayette?
The cost of living in Lafayette-West Lafayette is exactly at the national average, indexed at 100.
Are management jobs in high demand in Lafayette-West Lafayette?
With a Location Quotient below 1.0, management jobs are less concentrated than the national average, suggesting moderate demand rather than exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,670 employees in the Lafayette-West Lafayette, IN area with a job density of 45.713 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 Lafayette-West Lafayette, IN