Average Management Occupations Salary in Niles, MI
In Niles, MI, professionals in Management Occupations can expect an average annual salary of $118,010. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry demand in Niles play a significant role in compensation levels. While the pay is lower than the national benchmark, understanding the local market dynamics is key for career and financial planning.
Executive Summary
- Average Salary: $118,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $197,410.
- Outlook: The management sector in Niles, MI, comprises a substantial workforce of 3,990 individuals, indicating a solid presence within the local economy. With a Location Quotient of 0.94, the concentration of management roles is nearly on par with the national average, suggesting a stable and established demand for these positions. The rate of 66.82 jobs per 1,000 workers further reinforces the consistent need for management expertise within the Niles area.
Salary Overview
The average Management Occupations in Niles, MI earns-18.0%below the national average.
$56.7
$2,269
$9,834
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that management occupations in Niles, MI, have experienced salary growth over the past four years, mirroring national trends. Economic expansion, inflation, and evolving industry demands typically drive upward adjustments in compensation for skilled professionals. This general trend suggests that the $118,010 average may see incremental increases in the coming years.
Management Occupations Salary Distribution in Niles, MI
Salary progression within Management Occupations in Niles, MI, is significantly influenced by experience and seniority. Entry-level positions will naturally command lower salaries, while senior management roles, with their increased responsibilities and strategic oversight, will occupy the higher salary percentiles. The gap between entry-level and senior compensation serves as a clear indicator of career advancement opportunities and the potential for substantial earning growth within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,870 | $24.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,508 | $42.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,830 | $48.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,513 | $70.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $197,410 | $94.9 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$118,010
Gross Pay
Real Wage (Purchasing Power)
$118,010
Adjusted for COL (100)
The average annual salary of $118,010 in Niles, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a management professional's salary in Niles is equivalent to the national standard. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay offers a comparable lifestyle to that of management professionals in other parts of the country.
Job Market Context
3,990
Total Jobs
66.82
Per 1K Jobs
0.94
Location Quotient
Niles, MI has 0.94x 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 0.94, the management occupations market in Niles, MI, is closely aligned with the national average in terms of concentration. This indicates a balanced job market where demand for management professionals is present but not disproportionately high or low compared to the rest of the country. Such a ratio suggests a competitive but accessible landscape for those seeking or offering management expertise.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| South Bend-Mishawaka, IN-MI Management Occupations Salary | $121,560↑ 3% | 11 mi |
| Elkhart-Goshen, IN Management Occupations Salary | $132,150↑ 12% | 18 mi |
| Michigan City-La Porte, IN Management Occupations Salary | $113,570↓ 4% | 33 mi |
| Kalamazoo-Portage, MI Management Occupations Salary | $122,960↑ 4% | 45 mi |
| Battle Creek, MI Management Occupations Salary | $127,800↑ 8% | 61 mi |
Comparing salaries near Niles, MI
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Frequently Asked Questions
How much does a Management Occupations make in Niles, MI?
The median annual salary for a Management Occupations in Niles, MI is $118,010. This typically ranges from $50,870 for entry-level positions to $197,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Niles, MI is 18.0% lower than the national median of $143,930.
Is Niles, MI a lucrative place for Management Occupationss?
No, not more lucrative than the national average.While the average salary of $118,010 is substantial, it falls below the national average of $143,930. However, the cost of living in Niles is also at the national average, meaning the purchasing power of the salary is comparable.
Is Niles, MI a good place to live for Management Occupations?
The Cost of Living Index in Niles, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Niles, MI?
Some top paying nearby cities include South Bend-Mishawaka, IN-MI ($121,560) and Elkhart-Goshen, IN.
How does the Niles, MI management salary compare to the national average?
The average annual salary for Management Occupations in Niles, MI, is $118,010, which is lower than the national average of $143,930.
What is the concentration of Management Occupations in Niles, MI?
The concentration, measured by the Location Quotient, is 0.94, indicating that the presence of management roles in Niles is slightly below the national average.
How does the cost of living in Niles, MI affect the salary?
Niles, MI has a Cost of Living Index of 100, which is the national average. This means the $118,010 salary has purchasing power equivalent to the national average, despite being lower than the national salary benchmark.
What is the total workforce size for Management Occupations in Niles, MI?
There are 3,990 individuals employed in Management Occupations in Niles, MI, representing a significant portion of the 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 3,990 employees in the Niles, MI area with a job density of 66.82 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 Niles, MI