Average Management Occupations Salary in New Haven, CT
Management Occupations in New Haven, CT, command an impressive average annual salary of $143,430. This figure is remarkably close to the national average of $143,930, suggesting that the unique economic drivers and industry demands within New Haven contribute significantly to competitive compensation for managerial roles. The stability of pay, even when compared nationally, indicates a robust local market for these essential positions.
Executive Summary
- Average Salary: $143,430 per year.
- Growth Trend: Salaries have shifted 7.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $230,010.
- Outlook: With a substantial local workforce of 23,280 individuals in Management Occupations, New Haven demonstrates a significant concentration of these roles. The Location Quotient of 1.15 further underscores this, indicating that management positions are more prevalent in New Haven than the national average. This suggests a healthy and potentially growing demand for experienced management professionals within the city's diverse economic landscape.
Salary Overview
The average Management Occupations in New Haven, CT earns-0.3%below the national average.
$69
$2,758
$11,953
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Management Occupations in New Haven have experienced steady salary growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for skilled leadership, and evolving business needs likely contribute to a positive trajectory for managerial compensation in the region.
Management Occupations Salary Distribution in New Haven, CT
The salary spectrum for Management Occupations in New Haven, CT, naturally widens with experience. Entry-level positions typically fall into the lower percentiles, while senior and executive roles command salaries in the upper percentiles. The significant gap between these levels highlights the substantial career progression and earning potential available to those who advance within the management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,800 | $30.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,573 | $51.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,610 | $61.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $179,288 | $86.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $230,010 | $110.6 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$143,430
Gross Pay
Real Wage (Purchasing Power)
$143,430
Adjusted for COL (100)
The average annual salary of $143,430 in New Haven, CT, 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 New Haven is equivalent to that of their national counterpart, offering a stable financial foundation without the immediate pressure of higher living expenses.
Job Market Context
23,280
Total Jobs
82.035
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, New Haven, CT has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
A Location Quotient of 1.15 for Management Occupations in New Haven signifies a slightly higher concentration of these roles compared to the national average. This suggests a competitive yet accessible job market, where opportunities for management professionals are relatively abundant, indicating a healthy demand that outpaces the national benchmark.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Management Occupations Salary | $180,790↑ 26% | 16 mi |
| Waterbury-Shelton, CT Management Occupations Salary | $141,270↓ 2% | 18 mi |
| Connecticut nonmetropolitan area Management Occupations Salary | $129,950↓ 9% | 22 mi |
| Hartford-West Hartford-East Hartford, CT Management Occupations Salary | $155,730↑ 9% | 34 mi |
| Norwich-New London-Willimantic, CT Management Occupations Salary | $140,860↓ 2% | 46 mi |
Comparing salaries near New Haven, CT
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in New Haven, CT?
The median annual salary for a Management Occupations in New Haven, CT is $143,430. This typically ranges from $63,800 for entry-level positions to $230,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Haven, CT is 0.3% lower than the national median of $143,930.
Is New Haven, CT a lucrative place for Management Occupationss?
Yes, New Haven, CT offers lucrative opportunities for Management Occupations.The average salary of $143,430 is on par with the national average, and the Cost of Living Index is also at the national average, making it a financially sound location for these roles.
Is New Haven, CT a good place to live for Management Occupations?
The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Haven, CT?
Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($180,790) and Waterbury-Shelton, CT.
How does the New Haven management job market compare to the national average?
New Haven's management job market is slightly more concentrated than the national average, with a Location Quotient of 1.15, indicating a robust presence of these roles.
What is the cost of living impact on management salaries in New Haven?
The Cost of Living Index in New Haven is 100, matching the national average. This means the $143,430 average salary offers equivalent purchasing power to the national average salary.
How many management jobs are there per 1,000 workers in New Haven?
There are approximately 82.04 management jobs per 1,000 workers in New Haven, CT, which is higher than the national average.
What is the total number of management professionals in New Haven?
New Haven, CT, has a total workforce of 23,280 individuals employed in Management Occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 23,280 employees in the New Haven, CT area with a job density of 82.035 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 New Haven, CT