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Average Management Occupations Salary in Maine

Management Occupations in Maine command an average annual salary of $121,450, falling below the national average of $143,930. This regional difference is often influenced by a variety of factors including the specific industry mix, the overall economic landscape of the state, and the demand for specialized managerial skills within Maine's unique business environment.

Executive Summary

  • Average Salary: $121,450 per year.
  • Growth Trend: Salaries have shifted 18.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $203,150.
  • Outlook: With a substantial local workforce of 45,010 individuals in Management Occupations, Maine demonstrates a significant presence in this sector. The Location Quotient of 1 indicates that the concentration of these roles in Maine is on par with the national average, suggesting a stable and established market for management professionals rather than rapid expansion or contraction.
2024 Market Data

Salary Overview

$121,450

The average Management Occupations in Maine earns-15.6%below the national average.

BreakdownBased on 40h/week
Hourly

$58.4

Weekly

$2,336

Monthly

$10,121

Management Occupations Salary Distribution in Maine

Salary progression for Management Occupations in Maine, as elsewhere, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior management roles, requiring extensive expertise and strategic oversight, command significantly higher compensation. The widening gap between entry-level and senior salaries reflects the substantial career advancement opportunities available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,490$25.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$91,088$43.8
ManagerOversees team, compliance, and project delivery.50% (Median)$102,980$49.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$151,813$73
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$203,150$97.7

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$121,450

Gross Pay

Real Wage (Purchasing Power)

$108,924

Adjusted for COL (111.5)

The average annual salary of $121,450 in Maine needs to be considered within the context of its Cost of Living Index of 111.5. This index, which is 11.5% higher than the national average, suggests that while the nominal salary is substantial, the purchasing power may be somewhat diminished compared to areas with a lower cost of living, requiring careful financial planning for residents.

Job Market Context

45,010

Total Jobs

70.829

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Maine has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.

A Location Quotient of 1 for Management Occupations in Maine signifies that the proportion of these jobs within the state's workforce is precisely aligned with the national average. This indicates a balanced market where demand and supply are relatively stable, suggesting moderate competition for qualified candidates and a consistent need for managerial talent across various industries.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
Bangor, ME Management Occupations Salary$111,960↓ 8%31 mi
Lewiston-Auburn, ME Management Occupations Salary$114,400↓ 6%57 mi
Portland-South Portland, ME Management Occupations Salary$132,000↑ 9%83 mi

Comparing salaries near Maine

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Frequently Asked Questions

How much does a Management Occupations make in Maine?

The median annual salary for a Management Occupations in Maine is $121,450. This typically ranges from $53,490 for entry-level positions to $203,150 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Maine is 15.6% lower than the national median of $143,930.

Is Maine a lucrative place for Management Occupations?

Moderately so, with caveats.While the average salary of $121,450 is substantial, it trails the national average, and the cost of living is above the national benchmark. This means the effective purchasing power may be less than in other regions.

Is Maine a good place to live for Management Occupations?

The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Maine?

Some top paying nearby cities include Bangor, ME ($111,960) and Lewiston-Auburn, ME.

How does Maine's average management salary compare to the national average?

The average annual salary for Management Occupations in Maine is $121,450, which is lower than the national average of $143,930.

What is the concentration of Management Occupations in Maine?

Maine has a Location Quotient of 1 for Management Occupations, indicating that the concentration of these roles in the state is equivalent to the national average.

How does the cost of living in Maine affect salary perception?

With a Cost of Living Index of 111.5, Maine is 11.5% more expensive than the national average, meaning the $121,450 salary may offer less purchasing power than it appears.

What is the total number of Management Occupations workers in Maine?

There are approximately 45,010 individuals employed in Management Occupations within the state of Maine.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 45,010 employees in the Maine area with a job density of 70.829 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Maine