Average Management Occupations Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, professionals in Management Occupations can expect an average annual salary of $112,110. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry specific demand play a significant role in compensation within this region.
Executive Summary
- Average Salary: $112,110 per year.
- Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,270.
- Outlook: With a local workforce of 18,830 individuals in Management Occupations, Lexington-Fayette demonstrates a substantial presence in this sector. The Location Quotient of 0.94 indicates that management roles are nearly as concentrated as the national average, suggesting a stable and consistent demand for these positions within the local economy.
Salary Overview
The average Management Occupations in Lexington-Fayette, KY earns-22.1%below the national average.
$53.9
$2,156
$9,343
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that management salaries in Lexington-Fayette have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving business needs typically drive an upward trajectory in compensation for management roles, reflecting increased responsibilities and the value these positions bring to organizations.
Management Occupations Salary Distribution in Lexington-Fayette, KY
Salary progression for Management Occupations in Lexington-Fayette, KY, typically scales significantly with experience. Entry-level positions will command lower salaries, while senior management roles, with their greater responsibilities and strategic oversight, will reach considerably higher earnings. The percentile gaps between junior and senior roles highlight clear opportunities for career advancement and increased earning potential within the local market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,500 | $20.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,083 | $40.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,000 | $46.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $140,138 | $67.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,270 | $92.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$112,110
Gross Pay
Real Wage (Purchasing Power)
$112,110
Adjusted for COL (100)
The average annual salary of $112,110 in Lexington-Fayette, KY, 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 region is equivalent to that of someone earning the national average, making it a financially stable location for those in management roles.
Job Market Context
18,830
Total Jobs
66.559
Per 1K Jobs
0.94
Location Quotient
Lexington-Fayette, KY has 0.94x 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 0.94 for Management Occupations in Lexington-Fayette, KY, signifies a job market that is closely aligned with the national average in terms of concentration. This suggests a healthy level of competition and opportunity, where the demand for management talent is robust but not overwhelmingly saturated, providing a balanced environment for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Management Occupations Salary | $95,970↓ 14% | 28 mi |
| South Central Kentucky nonmetropolitan area Management Occupations Salary | $92,310↓ 18% | 28 mi |
| West Kentucky nonmetropolitan area Management Occupations Salary | $93,060↓ 17% | 28 mi |
| East Kentucky nonmetropolitan area Management Occupations Salary | $88,910↓ 21% | 28 mi |
| Louisville/Jefferson County, KY-IN Management Occupations Salary | $118,700↑ 6% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Lexington-Fayette, KY?
The median annual salary for a Management Occupations in Lexington-Fayette, KY is $112,110. This typically ranges from $42,500 for entry-level positions to $193,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 22.1% lower than the national median of $143,930.
Is Lexington-Fayette, KY a lucrative place for Management Occupationss?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is below the national average, the cost of living is also at the national average, meaning your earnings hold their value. The stable job market further supports lucrative career prospects.
Is Lexington-Fayette, KY a good place to live for Management Occupations?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($95,970) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette management salary compare to the national average?
The average annual salary for Management Occupations in Lexington-Fayette, KY is $112,110, which is lower than the national average of $143,930.
What is the concentration of Management Occupations in Lexington-Fayette, KY?
The Location Quotient for Management Occupations in Lexington-Fayette, KY is 0.94, indicating a concentration very close to the national average.
How does the cost of living in Lexington-Fayette, KY affect salary perception?
With a Cost of Living Index of 100, the national average, the $112,110 salary in Lexington-Fayette, KY offers purchasing power equivalent to the national average salary.
What is the total workforce size for Management Occupations in Lexington-Fayette, KY?
There are 18,830 individuals employed in Management Occupations within the Lexington-Fayette, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 18,830 employees in the Lexington-Fayette, KY area with a job density of 66.559 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Management Occupations Salaries by State
Top Jobs in Lexington-Fayette, KY
- All Occupations Salary in Lexington-Fayette, KY
- Office and Administrative Support Occupations Salary in Lexington-Fayette, KY
- Food Preparation and Serving Related Occupations Salary in Lexington-Fayette, KY
- Transportation and Material Moving Occupations Salary in Lexington-Fayette, KY
- Production Occupations Salary in Lexington-Fayette, KY
- Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
- Sales and Related Occupations Salary in Lexington-Fayette, KY
- Management Occupations Salary in Lexington-Fayette, KY
- Educational Instruction and Library Occupations Salary in Lexington-Fayette, KY
- Business and Financial Operations Occupations Salary in Lexington-Fayette, KY
- Browse All Jobs in Lexington-Fayette, KY →
Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY