SalaryNode

Average Management Occupations Salary in Traverse City, MI

In Traverse City, MI, professionals in Management Occupations can expect an average annual salary of $110,820. This figure is notably below the national average of $143,930, reflecting regional economic factors and the specific demand within the Traverse City labor market. Local industry composition and the overall economic landscape significantly influence compensation levels for management roles.

Executive Summary

  • Average Salary: $110,820 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $175,540.
  • Outlook: Traverse City hosts a substantial local workforce of 4,080 individuals in Management Occupations. The Location Quotient of 0.85 suggests a slightly lower concentration of these roles compared to the national average, indicating a stable but not exceptionally saturated market. With 60.662 jobs per 1,000 workers, the demand for management talent remains consistent within the region.
2024 Market Data

Salary Overview

$110,820

The average Management Occupations in Traverse City, MI earns-23.0%below the national average.

BreakdownBased on 40h/week
Hourly

$53.3

Weekly

$2,131

Monthly

$9,235

Management Occupations Salary Distribution in Traverse City, MI

Salary progression for Management Occupations in Traverse City, as elsewhere, is strongly tied to experience and responsibility. Entry-level positions will command lower salaries, while senior management roles, requiring extensive expertise and strategic oversight, will occupy the higher percentiles. The increasing salary gap between junior and senior positions signifies clear opportunities for career advancement and substantial earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,550$24.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$83,115$40
ManagerOversees team, compliance, and project delivery.50% (Median)$95,640$46
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$138,525$66.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$175,540$84.4

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$110,820

Gross Pay

Real Wage (Purchasing Power)

$110,820

Adjusted for COL (100)

The average annual salary of $110,820 in Traverse City aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that the cost of living does not significantly inflate or deflate the perceived value of this income.

Job Market Context

4,080

Total Jobs

60.662

Per 1K Jobs

0.85

Location Quotient

Below Average

Traverse City, MI has 0.85x 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 0.85, Traverse City's market for Management Occupations is slightly less concentrated than the national average. This suggests that while management roles are present and necessary, the competition might be less intense than in larger, more saturated urban centers. This could present opportunities for skilled professionals seeking roles without facing extreme competition.

Nearby Job Markets

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Traverse City, MI?

The median annual salary for a Management Occupations in Traverse City, MI is $110,820. This typically ranges from $50,550 for entry-level positions to $175,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Traverse City, MI is 23.0% lower than the national median of $143,930.

Is Traverse City, MI a lucrative place for Management Occupations?

No, not exceptionally lucrative compared to the national average.While the average salary of $110,820 is substantial, it falls below the national average of $143,930. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.

Is Traverse City, MI a good place to live for Management Occupations?

The Cost of Living Index in Traverse City, MI is 100. While higher than average, this often correlates with higher wages.

How does the Traverse City management salary compare to the national average?

The average salary for Management Occupations in Traverse City is $110,820, which is approximately 23% lower than the national average of $143,930.

What is the concentration of Management Occupations in Traverse City?

Traverse City has a Location Quotient of 0.85 for Management Occupations, indicating a slightly lower concentration of these roles compared to the national average.

Does the cost of living in Traverse City affect the value of the management salary?

No, the cost of living in Traverse City is at the national average (100), meaning the $110,820 salary has purchasing power equivalent to the national average.

How many management jobs are there per 1,000 workers in Traverse City?

There are approximately 60.662 management jobs per 1,000 workers in Traverse City.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,080 employees in the Traverse City, MI area with a job density of 60.662 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Traverse City, MI