Average Management Occupations Salary in Waterbury-Shelton, CT
In Waterbury-Shelton, CT, professionals in Management Occupations command an average annual salary of $141,270. This figure is slightly below the national average of $143,930, indicating a competitive but stable compensation landscape. Local economic factors and industry demand within the region contribute to this specific pay scale.
Executive Summary
- Average Salary: $141,270 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $227,890.
- Outlook: The Waterbury-Shelton area demonstrates a robust job market for Management Occupations, with a total local workforce of 12,350. The Location Quotient of 1.09 suggests a slightly higher concentration of these roles compared to the national average, implying consistent demand and a healthy presence of management positions within the local economy.
Salary Overview
The average Management Occupations in Waterbury-Shelton, CT earns-1.8%below the national average.
$67.9
$2,717
$11,773
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Management Occupations in Waterbury-Shelton, CT, have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by inflation, increased demand for skilled management professionals, and the overall economic development of the region.
Management Occupations Salary Distribution in Waterbury-Shelton, CT
The salary spectrum for Management Occupations in Waterbury-Shelton, CT, naturally widens with experience. Entry-level positions typically start at the lower percentiles, while senior and executive roles command salaries in the higher percentiles. The significant gaps between these percentiles highlight clear career progression pathways and the substantial earning potential for experienced managers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,720 | $28.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,953 | $50.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $124,990 | $60.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $176,588 | $84.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $227,890 | $109.6 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$141,270
Gross Pay
Real Wage (Purchasing Power)
$141,270
Adjusted for COL (100)
With an average annual salary of $141,270 and a Cost of Living Index of 100, the nominal salary in Waterbury-Shelton, CT, perfectly aligns with the national average cost of living. This means that the purchasing power of a manager's salary in this area is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
12,350
Total Jobs
77.875
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Waterbury-Shelton, CT has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
The Location Quotient of 1.09 for Management Occupations in Waterbury-Shelton, CT, indicates a job market where these roles are slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment, where employers may actively seek out experienced management talent, potentially leading to more opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Management Occupations Salary | $129,950↓ 8% | 15 mi |
| New Haven, CT Management Occupations Salary | $143,430↑ 2% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Management Occupations Salary | $155,730↑ 10% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Management Occupations Salary | $180,790↑ 28% | 27 mi |
| Springfield, MA Management Occupations Salary | $134,680↓ 5% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Waterbury-Shelton, CT?
The median annual salary for a Management Occupations in Waterbury-Shelton, CT is $141,270. This typically ranges from $59,720 for entry-level positions to $227,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 1.8% lower than the national median of $143,930.
Is Waterbury-Shelton, CT a lucrative place for Management Occupationss?
Yes, it offers competitive compensation.Management Occupations in Waterbury-Shelton, CT earn an average of $141,270, closely matching the national average, while the cost of living is also at the national average.
Is Waterbury-Shelton, CT a good place to live for Management Occupations?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($129,950) and New Haven, CT.
How does the Waterbury-Shelton management salary compare to the national average?
The average salary for Management Occupations in Waterbury-Shelton, CT is $141,270, which is slightly below the national average of $143,930.
What is the concentration of Management Occupations jobs in Waterbury-Shelton, CT?
The Location Quotient is 1.09, meaning there are slightly more Management Occupations jobs per worker in Waterbury-Shelton, CT, compared to the national average.
How does the cost of living affect the salary in Waterbury-Shelton, CT?
The Cost of Living Index is 100, which is the national average. This means the $141,270 salary has the same purchasing power as the national average salary.
What is the total number of management jobs in the Waterbury-Shelton area?
There are approximately 77.875 management jobs per 1,000 workers in Waterbury-Shelton, CT, contributing to a total local workforce of 12,350 in management occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,350 employees in the Waterbury-Shelton, CT area with a job density of 77.875 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 Waterbury-Shelton, CT