Average Management Occupations Salary in Lexington Park, MD
Management Occupations in Lexington Park, MD, command an average annual salary of $132,670, slightly below the national average of $143,930. This localized pay rate is influenced by the specific economic drivers and industry demands present within the Lexington Park area, reflecting a unique balance of local market conditions and the broader economic landscape.
Executive Summary
- Average Salary: $132,670 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $212,780.
- Outlook: With a total local workforce of 5,000 individuals in Management Occupations, Lexington Park presents a stable, albeit not exceptionally concentrated, job market. The Location Quotient of 0.98 indicates that management roles are nearly as prevalent as the national average, suggesting a consistent demand for these positions within the local economy. The presence of nearly 70 management jobs per 1,000 workers further underscores the steady employment opportunities available.
Salary Overview
The average Management Occupations in Lexington Park, MD earns-7.8%below the national average.
$63.8
$2,551
$11,056
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Management Occupations in Lexington Park have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for skilled leadership typically drive upward salary adjustments, ensuring that compensation remains competitive within the evolving job market.
Management Occupations Salary Distribution in Lexington Park, MD
The salary spectrum for Management Occupations in Lexington Park, MD, naturally widens with experience. Entry-level management positions might start closer to the lower percentiles, while senior leadership roles command salaries in the upper percentiles. The increasing salary gaps observed between different experience levels are a clear indicator of career progression and the accumulating value of expertise and responsibility within management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,180 | $28 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,503 | $47.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,140 | $58.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,838 | $79.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $212,780 | $102.3 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$132,670
Gross Pay
Real Wage (Purchasing Power)
$132,670
Adjusted for COL (100)
An average annual salary of $132,670 in Lexington Park, MD, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a management professional's income in Lexington Park is equivalent to that of their national counterparts, offering a stable financial foundation without significant cost-of-living advantages or disadvantages.
Job Market Context
5,000
Total Jobs
69.776
Per 1K Jobs
0.98
Location Quotient
Lexington Park, MD has 0.98x 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 0.98 for Management Occupations in Lexington Park suggests a job market that closely mirrors the national distribution of these roles. While not a hub of hyper-concentration, this figure indicates a healthy and consistent presence of management opportunities, signifying a competitive yet accessible environment for professionals seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Salisbury, MD Management Occupations Salary | $116,960↓ 12% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Management Occupations Salary | $169,510↑ 28% | 55 mi |
| Maryland nonmetropolitan area Management Occupations Salary | $111,910↓ 16% | 59 mi |
| Baltimore-Columbia-Towson, MD Management Occupations Salary | $140,370↑ 6% | 72 mi |
| Richmond, VA Management Occupations Salary | $144,020↑ 9% | 75 mi |
Comparing salaries near Lexington Park, MD
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Lexington Park, MD?
The median annual salary for a Management Occupations in Lexington Park, MD is $132,670. This typically ranges from $58,180 for entry-level positions to $212,780 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 7.8% lower than the national median of $143,930.
Is Lexington Park, MD a lucrative place for Management Occupationss?
Yes, it offers competitive compensation.Management Occupations in Lexington Park earn an average of $132,670, which aligns with the national average cost of living. The market shows consistent demand, making it a stable environment for these roles.
Is Lexington Park, MD a good place to live for Management Occupations?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($116,960) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Lexington Park salary compare to the national average?
The average salary for Management Occupations in Lexington Park is $132,670, which is slightly lower than the national average of $143,930.
What is the cost of living in Lexington Park, MD?
Lexington Park, MD, has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Management Occupations in Lexington Park?
The concentration of Management Occupations in Lexington Park is indicated by a Location Quotient of 0.98, meaning it is very close to the national average concentration.
What is the total number of Management Occupations workers in Lexington Park?
There are approximately 5,000 individuals employed in Management Occupations within the Lexington Park 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 5,000 employees in the Lexington Park, MD area with a job density of 69.776 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 Lexington Park, MD