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Average Management Occupations Salary in Northwest Virginia nonmetropolitan area

Management Occupations in the Northwest Virginia nonmetropolitan area command an average annual salary of $115,480. This figure is notably below the national average of $143,930, reflecting the unique economic landscape and specific industry demands of this region. The lower average pay is often influenced by factors such as the concentration of industries and the overall economic output characteristic of nonmetropolitan areas.

Executive Summary

  • Average Salary: $115,480 per year.
  • Growth Trend: Salaries have shifted 11.4% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $198,440.
  • Outlook: The job market for Management Occupations in Northwest Virginia nonmetropolitan area appears stable, with a total local workforce of 3,090 individuals in these roles. The location quotient of 0.66 suggests that management positions are less concentrated here compared to the national average, indicating a potentially less saturated but also less specialized market. With 47.228 jobs per 1,000 workers, the demand is present, though not exceptionally high, suggesting a steady but not explosive growth environment for management professionals.
2024 Market Data

Salary Overview

$115,480

The average Management Occupations in Northwest Virginia nonmetropolitan area earns-19.8%below the national average.

BreakdownBased on 40h/week
Hourly

$55.5

Weekly

$2,221

Monthly

$9,623

Management Occupations Salary Distribution in Northwest Virginia nonmetropolitan area

Salary progression for Management Occupations typically scales significantly with experience. Entry-level positions might start considerably lower than the average, while senior and executive roles can command salaries well above $115,480. The percentile gaps in salary distribution signify clear career progression pathways, rewarding increased responsibility, strategic input, and proven leadership with higher earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$51,340$24.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$86,610$41.6
ManagerOversees team, compliance, and project delivery.50% (Median)$99,370$47.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$144,350$69.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$198,440$95.4

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$115,480

Gross Pay

Real Wage (Purchasing Power)

$115,480

Adjusted for COL (100)

The average annual salary of $115,480 in Northwest Virginia nonmetropolitan area 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 this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay effectively covers expenses at a comparable rate to the rest of the country.

Job Market Context

3,090

Total Jobs

47.228

Per 1K Jobs

0.66

Location Quotient

Below Average

Northwest Virginia nonmetropolitan area has 0.66x 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 0.66 for Management Occupations in Northwest Virginia nonmetropolitan area indicates that these roles are less prevalent than the national average. This suggests that the job market may be less competitive in terms of the sheer number of applicants for each opening, but it also implies that specialized management talent might be in higher demand relative to the local supply. Companies may need to actively recruit to fill these positions.

Nearby Job Markets

Nearby Cities for Management Occupations

Comparing salaries near Northwest Virginia nonmetropolitan area

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Northwest Virginia nonmetropolitan area?

The median annual salary for a Management Occupations in Northwest Virginia nonmetropolitan area is $115,480. This typically ranges from $51,340 for entry-level positions to $198,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northwest Virginia nonmetropolitan area is 19.8% lower than the national median of $143,930.

Is Northwest Virginia nonmetropolitan area a lucrative place for Management Occupationss?

No, it is not considered exceptionally lucrative compared to national averages.The average salary of $115,480 is below the national average, although the cost of living is also at the national average, making the purchasing power comparable.

Is Northwest Virginia nonmetropolitan area a good place to live for Management Occupations?

The Cost of Living Index in Northwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northwest Virginia nonmetropolitan area?

Some top paying nearby cities include Richmond, VA ($144,020) and Staunton-Stuarts Draft, VA.

How does the salary compare to the national average?

The average annual salary for Management Occupations in Northwest Virginia nonmetropolitan area is $115,480, which is lower than the national average of $143,930.

What is the Cost of Living in Northwest Virginia nonmetropolitan area?

The Cost of Living Index for Northwest Virginia nonmetropolitan area is 100, which is exactly the national average.

Is there high demand for management roles in this area?

With 47.228 jobs per 1,000 workers and a location quotient of 0.66, demand is present but not as concentrated as the national average, suggesting a stable but not booming market.

How many management jobs are there locally?

There are approximately 3,090 individuals employed in Management Occupations within the Northwest Virginia nonmetropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,090 employees in the Northwest Virginia nonmetropolitan area area with a job density of 47.228 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.