Average Management Occupations Salary in Lynchburg, VA
In Lynchburg, VA, professionals in Management Occupations can expect an average annual salary of $125,240. 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. While the nominal salary is lower, understanding the local market dynamics is crucial for career planning.
Executive Summary
- Average Salary: $125,240 per year.
- Growth Trend: Salaries have shifted 10.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $218,160.
- Outlook: The management sector in Lynchburg, VA, supports a local workforce of 4,650 individuals, with 47.846 jobs per 1,000 workers. The Location Quotient of 0.67 indicates that management roles are less concentrated here compared to the national average. This suggests a stable, albeit not exceptionally high, demand for management professionals within the Lynchburg area.
Salary Overview
The average Management Occupations in Lynchburg, VA earns-13.0%below the national average.
$60.2
$2,408
$10,437
Management Occupations Salary Trends (2020-2024)
While specific historical data for Lynchburg's management sector isn't provided, it's 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 landscapes likely contribute to a gradual upward trajectory in compensation for management roles.
Management Occupations Salary Distribution in Lynchburg, VA
The salary spectrum for Management Occupations in Lynchburg, VA, naturally widens with experience. Entry-level positions typically command salaries at the lower end of the pay scale, while senior executives with extensive experience and specialized skills can earn significantly more, often reaching into the top percentiles. These percentile gaps highlight the substantial career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,110 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,930 | $45.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,890 | $49 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,550 | $75.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $218,160 | $104.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$125,240
Gross Pay
Real Wage (Purchasing Power)
$125,240
Adjusted for COL (100)
With an average annual salary of $125,240 and a Cost of Living Index of 100, Lynchburg, VA, offers a financial standing that aligns precisely with the national average in terms of purchasing power. This means that the salary earned by management professionals in Lynchburg has a comparable value to what one might expect nationally, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
4,650
Total Jobs
47.846
Per 1K Jobs
0.67
Location Quotient
Lynchburg, VA has 0.67x 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 0.67 for Management Occupations in Lynchburg, VA, signifies that the concentration of these roles is below the national average. This suggests that while management positions are present and necessary, the market is not saturated, and opportunities may be more specialized or require specific industry expertise to secure.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Roanoke, VA Management Occupations Salary | $124,640↓ 0% | 43 mi |
| Staunton-Stuarts Draft, VA Management Occupations Salary | $117,330↓ 6% | 53 mi |
| Southside Virginia nonmetropolitan area Management Occupations Salary | $111,950↓ 11% | 61 mi |
| Northern West Virginia nonmetropolitan area Management Occupations Salary | $98,150↓ 22% | 61 mi |
Comparing salaries near Lynchburg, VA
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Lynchburg, VA?
The median annual salary for a Management Occupations in Lynchburg, VA is $125,240. This typically ranges from $54,110 for entry-level positions to $218,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lynchburg, VA is 13.0% lower than the national median of $143,930.
Is Lynchburg, VA a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $125,240 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Lynchburg, VA a good place to live for Management Occupations?
The Cost of Living Index in Lynchburg, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lynchburg, VA?
Some top paying nearby cities include Roanoke, VA ($124,640) and Staunton-Stuarts Draft, VA.
How does Lynchburg's management salary compare to the national average?
The average annual salary for Management Occupations in Lynchburg, VA, is $125,240, which is lower than the national average of $143,930.
What is the cost of living in Lynchburg, VA for management professionals?
The Cost of Living Index in Lynchburg, VA, is 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.
Is there high demand for management roles in Lynchburg, VA?
With 47.846 jobs per 1,000 workers and a Location Quotient of 0.67, management roles are present but less concentrated than the national average, suggesting stable but not exceptionally high demand.
How many management professionals work in Lynchburg, VA?
There are approximately 4,650 individuals employed in Management Occupations within the Lynchburg, VA, 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 4,650 employees in the Lynchburg, VA area with a job density of 47.846 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 Lynchburg, VA