SalaryNode

Average Managers, All Other Salary in Norwich-New London-Willimantic, CT

Managers, All Other in the Norwich-New London-Willimantic, CT area earn an average annual salary of $149,320. This figure is slightly below the national average of $155,520, suggesting that while the role is present, local market dynamics or industry mix may influence compensation levels compared to broader national trends.

Executive Summary

  • Average Salary: $149,320 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $223,980.
  • Outlook: With a local workforce of 310 individuals in this category and a Location Quotient of 0.61, the Norwich-New London-Willimantic area exhibits a concentration of 'Managers, All Other' roles that is below the national average. This indicates a moderate presence rather than a highly specialized market, suggesting stable but not explosive demand for these positions within the region.
2024 Market Data

Salary Overview

$149,320

The average Managers, All Other in Norwich-New London-Willimantic, CT earns-4.0%below the national average.

BreakdownBased on 40h/week
Hourly

$71.8

Weekly

$2,872

Monthly

$12,443

Managers, All Other Salary Distribution in Norwich-New London-Willimantic, CT

Salary progression for 'Managers, All Other' typically scales significantly with experience. Entry-level positions might start considerably lower than the average, while senior roles with extensive leadership experience and specialized skills can command salaries well above $149,320. The percentile gaps in salary distribution reflect these distinct career stages and the increasing value placed on seasoned professionals.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$77,840$37.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$111,990$53.8
ManagerOversees team, compliance, and project delivery.50% (Median)$131,400$63.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$186,650$89.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$223,980$107.7

Detailed Managers, All Other Market Analysis

Relocation Context

Nominal Salary

$149,320

Gross Pay

Real Wage (Purchasing Power)

$149,320

Adjusted for COL (100)

The nominal average salary of $149,320 in Norwich-New London-Willimantic, CT, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in this region is equivalent to the national average, offering a stable financial environment for residents without the added burden of higher living expenses.

Job Market Context

310

Total Jobs

2.494

Per 1K Jobs

0.61

Location Quotient

Below Average

Norwich-New London-Willimantic, CT has 0.61x the national average concentration of Managers, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.61 signifies that 'Managers, All Other' roles are less concentrated in the Norwich-New London-Willimantic area compared to the national average. This suggests that while the jobs exist, the market is not saturated, potentially offering a balanced competitive landscape for job seekers and employers alike.

Nearby Job Markets

Nearby Cities for Managers, All Other

Comparing salaries near Norwich-New London-Willimantic, CT

Hiring Managers, All Others?

Frequently Asked Questions

How much does a Managers, All Other make in Norwich-New London-Willimantic, CT?

The median annual salary for a Managers, All Other in Norwich-New London-Willimantic, CT is $149,320. This typically ranges from $77,840 for entry-level positions to $223,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Norwich-New London-Willimantic, CT is 4.0% lower than the national median of $155,520.

Is Norwich-New London-Willimantic, CT a lucrative place for Managers, All Other?

Moderately. The average salary is slightly below the national average, but the cost of living is also at the national average.While the average salary of $149,320 is slightly lower than the national benchmark, the Cost of Living Index being exactly 100 means your earnings will have the same purchasing power as they would nationally.

Is Norwich-New London-Willimantic, CT a good place to live for Managers, All Others?

The Cost of Living Index in Norwich-New London-Willimantic, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Norwich-New London-Willimantic, CT?

Some top paying nearby cities include Hartford-West Hartford-East Hartford, CT ($150,830) and Connecticut nonmetropolitan area.

How does the local workforce size affect job prospects for Managers, All Other?

A local workforce of 310 indicates a defined, but not overly large, pool of these managers. This suggests a stable job market where opportunities exist, but competition might be present for highly specialized roles.

What does a Location Quotient of 0.61 mean for this role?

A Location Quotient below 1.0, like 0.61, means this job category is less common in Norwich-New London-Willimantic compared to the national average. It implies a moderate demand rather than a high concentration of these positions.

How does the Cost of Living in Norwich-New London-Willimantic compare nationally?

The Cost of Living Index is 100, which is precisely the national average. This means that the general expenses for housing, utilities, groceries, and transportation are on par with the rest of the country.

Are there many 'Managers, All Other' jobs per 1,000 workers in this area?

With 2.494 jobs per 1,000 workers, the density of these management roles is present, indicating a consistent need for these positions within the local economy, though not at a significantly higher rate than the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Norwich-New London-Willimantic, CT area with a job density of 2.494 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.