Average Management Occupations Salary in Owensboro, KY
In Owensboro, KY, professionals in Management Occupations can expect an average annual salary of $97,420. This figure is notably below the national average of $143,930, reflecting regional economic factors and the specific demand within the local market. The compensation is influenced by the concentration of these roles and the overall economic landscape of Owensboro.
Executive Summary
- Average Salary: $97,420 per year.
- Growth Trend: Salaries have shifted 5.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,010.
- Outlook: Owensboro supports a local workforce of 2,630 individuals in Management Occupations, with 54.286 jobs per 1,000 workers. The Location Quotient of 0.76 indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not overly saturated market. This suggests a consistent demand for management talent within the existing economic structure of the city.
Salary Overview
The average Management Occupations in Owensboro, KY earns-32.3%below the national average.
$46.8
$1,873
$8,118
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that management occupations across the United States, including in markets like Owensboro, have experienced steady salary growth over the past four years. This trend is typically driven by inflation, increased demand for skilled leadership, and evolving business needs, leading to incremental increases in average compensation.
Management Occupations Salary Distribution in Owensboro, KY
The salary spectrum for Management Occupations in Owensboro, KY, naturally widens with experience. Entry-level positions will command lower salaries, while senior management roles, requiring extensive expertise and proven leadership, will reach significantly higher compensation levels. The percentile gaps between these levels are indicative of the substantial career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,020 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,065 | $35.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,870 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $121,775 | $58.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $163,010 | $78.4 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$97,420
Gross Pay
Real Wage (Purchasing Power)
$97,420
Adjusted for COL (100)
With an average annual salary of $97,420 and a Cost of Living Index of 100, the nominal income in Owensboro, KY, directly aligns with the national average cost of living. This means that the purchasing power of a management professional's salary in Owensboro is comparable to that of someone earning the national average salary in a location with a national average cost of living.
Job Market Context
2,630
Total Jobs
54.286
Per 1K Jobs
0.76
Location Quotient
Owensboro, KY has 0.76x 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.
The Location Quotient of 0.76 for Management Occupations in Owensboro, KY, signifies that these roles are present at a slightly lower density than the national average. This suggests that while management positions are a vital part of the local economy, the market is not as heavily concentrated with these professionals as in other regions, potentially offering a competitive environment for skilled individuals.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Evansville, IN Management Occupations Salary | $118,180↑ 21% | 28 mi |
| Bowling Green, KY Management Occupations Salary | $102,880↑ 6% | 66 mi |
| Elizabethtown, KY Management Occupations Salary | $99,690↑ 2% | 68 mi |
| Louisville/Jefferson County, KY-IN Management Occupations Salary | $118,700↑ 22% | 82 mi |
| Clarksville, TN-KY Management Occupations Salary | $104,920↑ 8% | 83 mi |
Comparing salaries near Owensboro, KY
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Owensboro, KY?
The median annual salary for a Management Occupations in Owensboro, KY is $97,420. This typically ranges from $39,020 for entry-level positions to $163,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Owensboro, KY is 32.3% lower than the national median of $143,930.
Is Owensboro, KY a lucrative place for Management Occupationss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $97,420 is significantly lower than the national average of $143,930. However, the cost of living is on par with the national average, meaning the lower nominal salary still offers comparable purchasing power.
Is Owensboro, KY a good place to live for Management Occupations?
The Cost of Living Index in Owensboro, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Owensboro, KY?
Some top paying nearby cities include Evansville, IN ($118,180) and Bowling Green, KY.
How does the Owensboro management salary compare to the state average?
Without specific Kentucky state average data for Management Occupations, a direct comparison cannot be made. However, the Owensboro average is below the national benchmark.
What factors influence management salaries in Owensboro?
Salaries are influenced by local economic conditions, industry demand, company size, and the specific experience and qualifications of the individual manager.
Are there many management job openings in Owensboro?
With 54.286 jobs per 1,000 workers and a Location Quotient of 0.76, there is a steady presence of management roles, indicating consistent opportunities rather than a booming job market.
What is the career progression for management roles in Owensboro?
Career progression typically involves moving from entry-level to mid-level and then to senior management positions, with each step offering increased responsibility and higher compensation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,630 employees in the Owensboro, KY area with a job density of 54.286 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 Owensboro, KY