Average Management Occupations Salary in Virgin Islands
Management Occupations in the Virgin Islands command an average annual salary of $92,610, which is notably lower than the national average of $143,930. This disparity can often be attributed to a combination of regional economic factors, industry-specific demand within the islands, and the unique operational landscape that influences compensation structures.
Executive Summary
- Average Salary: $92,610 per year.
- Growth Trend: Salaries have shifted 10.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $146,670.
- Outlook: With a local workforce of 2,900 individuals in Management Occupations and a Location Quotient of 1.22, the job market in the Virgin Islands shows a healthy concentration of these roles compared to the national average. This suggests a stable and potentially growing demand for management professionals, indicating a robust environment for those seeking or currently holding positions in this sector.
Salary Overview
The average Management Occupations in Virgin Islands earns-35.7%below the national average.
$44.5
$1,781
$7,718
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Management Occupations in the Virgin Islands have experienced a steady upward trend over the past four years, mirroring national economic growth and increasing demand for skilled leadership. This growth is likely driven by evolving business needs and the expansion of various industries within the territory.
Management Occupations Salary Distribution in Virgin Islands
Career progression within Management Occupations in the Virgin Islands significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while senior and executive roles, requiring extensive experience and specialized skills, can command substantially higher compensation. The percentile gaps in salary clearly signify the opportunities for career advancement and increased earning power as one gains experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,000 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,458 | $33.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,790 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $115,763 | $55.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $146,670 | $70.5 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$92,610
Gross Pay
Real Wage (Purchasing Power)
$77,175
Adjusted for COL (120)
The average annual salary of $92,610 in the Virgin Islands must be considered alongside its Cost of Living Index of 120, which is 20% higher than the national average. This means that while the nominal salary appears lower than the national figure, the purchasing power of this income locally needs careful evaluation to understand the true financial standing of a management professional residing there.
Job Market Context
2,900
Total Jobs
87.021
Per 1K Jobs
1.22
Location Quotient
With a location quotient of 1.22, Virgin Islands has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
The Location Quotient of 1.22 for Management Occupations in the Virgin Islands indicates a higher concentration of these jobs relative to the national average. This suggests that the market is more specialized or has a greater demand for management talent compared to other occupations or other regions. It implies a competitive yet potentially rewarding landscape for professionals in this field.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| San Juan-Bayamon-Caguas, PR Management Occupations Salary | $93,050↑ 0% | 76 mi |
| Guayama, PR Management Occupations Salary | $78,430↓ 15% | 84 mi |
Comparing salaries near Virgin Islands
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Virgin Islands?
The median annual salary for a Management Occupations in Virgin Islands is $92,610. This typically ranges from $47,000 for entry-level positions to $146,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virgin Islands is 35.7% lower than the national median of $143,930.
Is Virgin Islands a lucrative place for Management Occupationss?
Yes, with caveats.The average salary of $92,610 is lower than the national average, but the higher concentration of jobs (LQ 1.22) suggests strong local demand. However, the elevated cost of living (120) means careful budgeting is essential.
Is Virgin Islands a good place to live for Management Occupations?
The Cost of Living Index in Virgin Islands is 120. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virgin Islands?
Some top paying nearby cities include San Juan-Bayamon-Caguas, PR ($93,050) and Guayama, PR.
How does the Virgin Islands' management salary compare to the US national average?
The average annual salary for Management Occupations in the Virgin Islands is $92,610, which is considerably lower than the national average of $143,930.
What is the concentration of Management Occupations in the Virgin Islands?
The Virgin Islands has a Location Quotient of 1.22 for Management Occupations, indicating a higher concentration of these roles compared to the national average.
How does the cost of living affect the salary in the Virgin Islands?
With a Cost of Living Index of 120, the Virgin Islands is 20% more expensive than the national average, meaning the $92,610 salary has less purchasing power than it might elsewhere.
What is the total workforce size for Management Occupations in the Virgin Islands?
There are approximately 2,900 individuals employed in Management Occupations within the Virgin Islands.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,900 employees in the Virgin Islands area with a job density of 87.021 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 Virgin Islands