Average Management Occupations Salary in Southwest Maine nonmetropolitan area
In the Southwest Maine nonmetropolitan area, Management Occupations professionals earn an average annual salary of $106,530. This figure is notably below the national average of $143,930, reflecting regional economic factors and the specific demand dynamics within this locale. The compensation structure here is intrinsically tied to the local market's unique economic landscape and industry concentration.
Executive Summary
- Average Salary: $106,530 per year.
- Growth Trend: Salaries have shifted 16.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,200.
- Outlook: With a local workforce of 9,500 individuals in Management Occupations and a Location Quotient of 0.94, the job market in Southwest Maine nonmetropolitan area indicates a presence that is closely aligned with national averages. While not a significantly concentrated hub, the steady employment numbers suggest a stable demand for management professionals within this region.
Salary Overview
The average Management Occupations in Southwest Maine nonmetropolitan area earns-26.0%below the national average.
$51.2
$2,049
$8,878
Management Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Management Occupations in Southwest Maine have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for skilled management, and the evolving complexities of business operations.
Management Occupations Salary Distribution in Southwest Maine nonmetropolitan area
Salary progression for Management Occupations in Southwest Maine nonmetropolitan area typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while senior leadership roles command substantially higher compensation. The percentile gaps between junior and senior roles highlight the substantial career advancement and earning potential available to experienced professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,220 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,898 | $38.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,000 | $45.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $133,163 | $64 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $170,200 | $81.8 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$106,530
Gross Pay
Real Wage (Purchasing Power)
$106,530
Adjusted for COL (100)
The average annual salary of $106,530 in Southwest Maine 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 standard, offering a balanced lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
9,500
Total Jobs
66.998
Per 1K Jobs
0.94
Location Quotient
Southwest Maine nonmetropolitan area 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.
The Location Quotient of 0.94 for Management Occupations in Southwest Maine nonmetropolitan area suggests a job market that is nearly on par with the national concentration. This indicates a healthy, albeit not exceptionally dense, presence of management roles relative to the overall workforce, implying a competitive but accessible employment landscape for qualified individuals.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Management Occupations Salary | $111,960↑ 5% | 31 mi |
| Lewiston-Auburn, ME Management Occupations Salary | $114,400↑ 7% | 57 mi |
| Portland-South Portland, ME Management Occupations Salary | $132,000↑ 24% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Southwest Maine nonmetropolitan area?
The median annual salary for a Management Occupations in Southwest Maine nonmetropolitan area is $106,530. This typically ranges from $50,220 for entry-level positions to $170,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 26.0% lower than the national median of $143,930.
Is Southwest Maine nonmetropolitan area a lucrative place for Management Occupationss?
No, it is not exceptionally lucrative compared to the national average.While the average salary of $106,530 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Southwest Maine nonmetropolitan area a good place to live for Management Occupations?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($111,960) and Lewiston-Auburn, ME.
How does the local salary compare to the national average?
The average salary for Management Occupations in Southwest Maine nonmetropolitan area is $106,530, which is lower than the national average of $143,930.
What is the concentration of Management Occupations in this area?
The Location Quotient is 0.94, indicating that the concentration of Management Occupations is slightly below the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $106,530 salary has the same purchasing power as the national average salary.
What is the total workforce size for Management Occupations locally?
There are approximately 9,500 individuals employed in Management Occupations within the Southwest Maine 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 9,500 employees in the Southwest Maine nonmetropolitan area area with a job density of 66.998 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 Southwest Maine nonmetropolitan area