Average Management Occupations Salary in Monroe, LA
In Monroe, Louisiana, professionals in Management Occupations can expect an average annual salary of $105,280. This figure is notably below the national average of $143,930, reflecting the unique economic landscape and specific industry demands within the Monroe area. Localized market dynamics, including regional economic factors and the concentration of specific industries, play a significant role in shaping compensation for management roles.
Executive Summary
- Average Salary: $105,280 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,510.
- Outlook: The management sector in Monroe, LA, comprises a substantial local workforce of 4,670 individuals, with management roles accounting for approximately 53.611 jobs per 1,000 workers. The Location Quotient of 0.75 suggests that management occupations are slightly less concentrated in Monroe compared to the national average, indicating a stable but not exceptionally high demand relative to other professions.
Salary Overview
The average Management Occupations in Monroe, LA earns-26.9%below the national average.
$50.6
$2,025
$8,773
Management Occupations Salary Trends (2020-2024)
While specific historical data for Monroe, LA is not provided, it is generally assumed that salaries for Management Occupations have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for skilled leadership, and the evolving complexities of business operations, which necessitate higher compensation for experienced managers.
Management Occupations Salary Distribution in Monroe, LA
Salary progression for Management Occupations in Monroe, LA, is significantly influenced by experience and demonstrated leadership capabilities. Entry-level management positions will naturally command lower salaries, while senior-level roles, requiring extensive experience and strategic oversight, can reach substantially higher earnings. The widening gap between entry-level and senior-level salaries underscores the significant career advancement and earning potential available within the management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,090 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,960 | $38 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,410 | $43.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $131,600 | $63.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,510 | $82.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$105,280
Gross Pay
Real Wage (Purchasing Power)
$105,280
Adjusted for COL (100)
The average annual salary of $105,280 in Monroe, LA, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of a management professional's salary in Monroe is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary offers a comparable standard of living to the national average.
Job Market Context
4,670
Total Jobs
53.611
Per 1K Jobs
0.75
Location Quotient
Monroe, LA has 0.75x 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.
With a Location Quotient of 0.75, management occupations are present in Monroe, LA, but not to the extent seen nationally. This suggests a market that is neither oversaturated nor critically undersupplied. While there are opportunities, the slightly lower concentration implies that competition might be moderate, and employers may not face the same intensity of demand as in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Management Occupations Salary | $107,470↑ 2% | 88 mi |
| Southwest Louisiana nonmetropolitan area Management Occupations Salary | $110,580↑ 5% | 94 mi |
| Central Louisiana nonmetropolitan area Management Occupations Salary | $105,600↑ 0% | 94 mi |
| Northeast Louisiana nonmetropolitan area Management Occupations Salary | $109,840↑ 4% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Monroe, LA?
The median annual salary for a Management Occupations in Monroe, LA is $105,280. This typically ranges from $48,090 for entry-level positions to $172,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 26.9% lower than the national median of $143,930.
Is Monroe, LA a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary of $105,280 is substantial, it falls below the national average of $143,930. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Monroe, LA a good place to live for Management Occupations?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($107,470) and Southwest Louisiana nonmetropolitan area.
How does the Monroe, LA management salary compare to the national average?
The average salary for Management Occupations in Monroe, LA is $105,280, which is lower than the national average of $143,930.
What is the cost of living in Monroe, LA for management professionals?
The cost of living in Monroe, LA is indexed at 100, which is exactly the national average, meaning your salary's purchasing power is on par with the national standard.
How concentrated are management jobs in Monroe, LA?
Management occupations have a Location Quotient of 0.75 in Monroe, LA, indicating they are slightly less concentrated than the national average.
What is the total number of management jobs in Monroe, LA?
There are approximately 4,670 individuals employed in management occupations within Monroe, LA.
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 Monroe, LA area with a job density of 53.611 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 Monroe, LA