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Average Management Occupations Salary in Monroe, MI

Management occupations in Monroe, MI, command an average annual salary of $119,930. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry demand within Monroe play a significant role in shaping compensation for these vital roles.

Executive Summary

  • Average Salary: $119,930 per year.
  • Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $198,400.
  • Outlook: With a local workforce of 2,300 individuals in management occupations, Monroe, MI, presents a moderate employment landscape. The location quotient of 0.79 indicates that management roles are slightly less concentrated here compared to the national average, suggesting a stable but not overly saturated job market that can accommodate new entrants and experienced professionals alike.
2024 Market Data

Salary Overview

$119,930

The average Management Occupations in Monroe, MI earns-16.7%below the national average.

BreakdownBased on 40h/week
Hourly

$57.7

Weekly

$2,306

Monthly

$9,994

Management Occupations Salary Distribution in Monroe, MI

Salaries for management occupations in Monroe, MI, naturally scale with experience. Entry-level positions will likely fall towards the lower end of the pay scale, while senior management roles, with their increased responsibilities and strategic impact, can command significantly higher compensation, often reaching into the upper percentiles of the salary distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,120$25.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$89,948$43.2
ManagerOversees team, compliance, and project delivery.50% (Median)$104,940$50.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$149,913$72.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$198,400$95.4

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$119,930

Gross Pay

Real Wage (Purchasing Power)

$119,930

Adjusted for COL (100)

The average annual salary of $119,930 in Monroe, MI, 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 Monroe is equivalent to that of their national counterpart, offering a stable financial foundation for residents.

Job Market Context

2,300

Total Jobs

56.499

Per 1K Jobs

0.79

Location Quotient

Below Average

Monroe, MI has 0.79x 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 0.79 for management occupations in Monroe, MI, signifies a slightly lower concentration of these roles compared to the national average. This suggests that while management positions are present and necessary, the market is not as intensely competitive or saturated as in some other regions, potentially offering good opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
Toledo, OH Management Occupations Salary$115,290↓ 4%20 mi
Ann Arbor, MI Management Occupations Salary$142,450↑ 19%31 mi
Detroit-Warren-Dearborn, MI Management Occupations Salary$137,230↑ 14%34 mi
Sandusky, OH Management Occupations Salary$101,090↓ 16%48 mi
Jackson, MI Management Occupations Salary$117,170↓ 2%57 mi

Comparing salaries near Monroe, MI

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Monroe, MI?

The median annual salary for a Management Occupations in Monroe, MI is $119,930. This typically ranges from $52,120 for entry-level positions to $198,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Monroe, MI is 16.7% lower than the national median of $143,930.

Is Monroe, MI a lucrative place for Management Occupationss?

No, not exceptionally lucrative compared to the national average.While the average salary of $119,930 is substantial, it falls below the national average of $143,930. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.

Is Monroe, MI a good place to live for Management Occupations?

The Cost of Living Index in Monroe, MI is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Monroe, MI?

Some top paying nearby cities include Toledo, OH ($115,290) and Ann Arbor, MI.

How does Monroe, MI's management job market compare to the national average?

Monroe, MI has a slightly lower concentration of management occupations than the national average, indicated by a location quotient of 0.79. This suggests a stable, but less dense, job market for these roles.

What is the average salary for management roles in Monroe, MI?

The average annual salary for management occupations in Monroe, MI, is $119,930.

How does the cost of living in Monroe, MI affect salary perception?

With a cost of living index of 100, which matches the national average, the $119,930 salary in Monroe, MI, offers purchasing power equivalent to the national average, indicating good value for money.

What is the total number of management professionals in Monroe, MI?

There are approximately 2,300 individuals employed in management occupations within Monroe, MI.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,300 employees in the Monroe, MI area with a job density of 56.499 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 Monroe, MI