Average Management Occupations Salary in Staunton-Stuarts Draft, VA
In Staunton-Stuarts Draft, VA, professionals in Management Occupations can expect an average annual salary of $117,330. This figure is notably below the national average of $143,930, reflecting regional economic factors and the specific demand dynamics within this Virginia locality. The local compensation structure is influenced by a variety of elements, including the concentration of industries and the overall economic output of the area.
Executive Summary
- Average Salary: $117,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,860.
- Outlook: The management sector in Staunton-Stuarts Draft, VA, comprises a workforce of 2,230 individuals, with 44.2 jobs per 1,000 workers. The location quotient of 0.62 suggests that management roles are less concentrated here than the national average, indicating a potentially less saturated but perhaps more specialized local market. This suggests a stable, albeit not exceptionally high, demand for management professionals within the region's economic landscape.
Salary Overview
The average Management Occupations in Staunton-Stuarts Draft, VA earns-18.5%below the national average.
$56.4
$2,256
$9,778
Management Occupations Salary Trends (2020-2024)
While specific historical data for Staunton-Stuarts Draft is not provided, it is reasonable to assume that salaries for Management Occupations have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive increases in compensation for managerial roles, reflecting both inflation and the increasing complexity of business operations.
Management Occupations Salary Distribution in Staunton-Stuarts Draft, VA
Salary progression within Management Occupations in Staunton-Stuarts Draft, VA, is strongly tied to experience and demonstrated leadership capabilities. Entry-level positions typically command lower salaries, while senior management roles, requiring extensive experience and strategic oversight, can significantly exceed the average. The widening gap between entry-level and senior-level salaries underscores the substantial career growth and earning potential available to dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,280 | $24.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,998 | $42.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,790 | $48 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,663 | $70.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,860 | $93.2 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$117,330
Gross Pay
Real Wage (Purchasing Power)
$117,330
Adjusted for COL (100)
The average annual salary of $117,330 in Staunton-Stuarts Draft, VA, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a management professional's income in this area is equivalent to that of someone earning the national average salary in a location with a national average cost of living, offering a stable financial environment.
Job Market Context
2,230
Total Jobs
44.2
Per 1K Jobs
0.62
Location Quotient
Staunton-Stuarts Draft, VA has 0.62x 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 0.62, management occupations are less prevalent in Staunton-Stuarts Draft, VA, compared to the national average. This suggests that while there is a consistent presence of these roles, the market is not oversaturated, potentially offering opportunities for skilled professionals. However, it also implies that the demand might be more niche, requiring managers to possess specific industry expertise relevant to the local economy.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Harrisonburg, VA Management Occupations Salary | $119,020↑ 1% | 22 mi |
| Lynchburg, VA Management Occupations Salary | $125,240↑ 7% | 53 mi |
| Southside Virginia nonmetropolitan area Management Occupations Salary | $111,950↓ 5% | 56 mi |
| Northern West Virginia nonmetropolitan area Management Occupations Salary | $98,150↓ 16% | 56 mi |
Comparing salaries near Staunton-Stuarts Draft, VA
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Staunton-Stuarts Draft, VA?
The median annual salary for a Management Occupations in Staunton-Stuarts Draft, VA is $117,330. This typically ranges from $50,280 for entry-level positions to $193,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Staunton-Stuarts Draft, VA is 18.5% lower than the national median of $143,930.
Is Staunton-Stuarts Draft, VA a lucrative place for Management Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $117,330 is below the national average, though the cost of living is also at the national average, making the effective purchasing power comparable.
Is Staunton-Stuarts Draft, VA a good place to live for Management Occupations?
The Cost of Living Index in Staunton-Stuarts Draft, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Staunton-Stuarts Draft, VA?
Some top paying nearby cities include Harrisonburg, VA ($119,020) and Lynchburg, VA.
What is the average salary for Management Occupations in Staunton-Stuarts Draft, VA?
The average annual salary for Management Occupations in Staunton-Stuarts Draft, VA is $117,330.
How does the Staunton-Stuarts Draft salary compare to the national average?
The average salary in Staunton-Stuarts Draft ($117,330) is lower than the national average ($143,930) for Management Occupations.
What does a Location Quotient of 0.62 mean for management jobs in Staunton-Stuarts Draft?
A location quotient of 0.62 indicates that management occupations are less concentrated in Staunton-Stuarts Draft compared to the national average, suggesting a less competitive but potentially more specialized job market.
How does the cost of living in Staunton-Stuarts Draft affect the salary?
The cost of living in Staunton-Stuarts Draft is at the national average (100), meaning the $117,330 salary offers purchasing power equivalent to the national average salary in a national average cost of living area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,230 employees in the Staunton-Stuarts Draft, VA area with a job density of 44.2 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 Staunton-Stuarts Draft, VA