Average Management Occupations Salary in Odessa, TX
In Odessa, TX, professionals in Management Occupations can expect an average annual salary of $121,310. This figure is notably below the national average of $143,930, suggesting that local economic factors and industry demands in Odessa may influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $121,310 per year.
- Growth Trend: Salaries have shifted 7.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,150.
- Outlook: The management sector in Odessa, TX, supports a local workforce of 5,640 individuals. With a Location Quotient of 1, the concentration of management roles aligns precisely with the national average, indicating a stable and proportionally represented job market. The presence of 71.28 management jobs per 1,000 workers further underscores a consistent demand for leadership and oversight within the local economy.
Salary Overview
The average Management Occupations in Odessa, TX earns-15.7%below the national average.
$58.3
$2,333
$10,109
Management Occupations Salary Trends (2020-2024)
While specific historical data for Odessa, TX 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 management professionals, and the evolving complexities of business operations.
Management Occupations Salary Distribution in Odessa, TX
Salary progression within Management Occupations in Odessa, TX, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior-level roles, with their greater responsibilities and strategic impact, can earn substantially more. The widening gap between lower and higher salary percentiles reflects the substantial career advancement and earning potential available to experienced managers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,880 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,983 | $43.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,180 | $49.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $151,638 | $72.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $207,150 | $99.6 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$121,310
Gross Pay
Real Wage (Purchasing Power)
$121,310
Adjusted for COL (100)
The average annual salary of $121,310 in Odessa, TX, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard, making Odessa a financially neutral location in terms of cost of living relative to income.
Job Market Context
5,640
Total Jobs
71.279
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Odessa, TX has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
A Location Quotient of 1 for Management Occupations in Odessa, TX, signifies that the proportion of these jobs in the local economy is exactly the same as the national average. This suggests a balanced job market where demand and supply for management talent are in equilibrium with the rest of the country, neither indicating an oversupply nor a significant shortage of management professionals.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Midland, TX Management Occupations Salary | $146,770↑ 21% | 17 mi |
Comparing salaries near Odessa, TX
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Odessa, TX?
The median annual salary for a Management Occupations in Odessa, TX is $121,310. This typically ranges from $47,880 for entry-level positions to $207,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Odessa, TX is 15.7% lower than the national median of $143,930.
Is Odessa, TX a lucrative place for Management Occupationss?
No, not more lucrative than the national average.While the average salary of $121,310 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, meaning purchasing power is maintained.
Is Odessa, TX a good place to live for Management Occupations?
The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Odessa, TX?
Some top paying nearby cities include Midland, TX ($146,770) and others.
What is the average salary for Management Occupations in Odessa, TX?
The average annual salary for Management Occupations in Odessa, TX is $121,310.
How does the Odessa, TX salary compare to the national average?
The average salary in Odessa, TX ($121,310) is lower than the national average ($143,930).
What is the cost of living in Odessa, TX compared to the national average?
Odessa, TX has a cost of living index of 100, which is exactly the national average.
How concentrated are Management Occupations jobs in Odessa, TX?
The concentration of Management Occupations jobs in Odessa, TX, is at the national average, with a Location Quotient of 1.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,640 employees in the Odessa, TX area with a job density of 71.279 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 Odessa, TX