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Average Medical and Health Services Managers Salary in Lexington-Fayette, KY

Medical and Health Services Managers in Lexington-Fayette, KY, command an average annual salary of $125,280. This figure is notably below the national average of $137,170, suggesting that while the demand is present, local market dynamics and potentially other factors contribute to this compensation level. Understanding these nuances is key for professionals in this field within the region.

Executive Summary

  • Average Salary: $125,280 per year.
  • Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $185,470.
  • Outlook: The Lexington-Fayette, KY, job market for Medical and Health Services Managers appears robust, with a local workforce of 1,250 individuals. The concentration, indicated by a Location Quotient of 1.2, suggests a slightly higher presence of these roles compared to the national average, implying a stable and potentially growing demand for skilled professionals in healthcare administration within the area.
2024 Market Data

Salary Overview

$125,280

The average Medical and Health Services Managers in Lexington-Fayette, KY earns-8.7%below the national average.

BreakdownBased on 40h/week
Hourly

$60.2

Weekly

$2,409

Monthly

$10,440

Medical and Health Services Managers Salary Distribution in Lexington-Fayette, KY

Career progression for Medical and Health Services Managers in Lexington-Fayette, KY, significantly impacts earning potential. Entry-level positions typically start at lower salary percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. The gap between entry-level and senior roles highlights the value placed on leadership, strategic planning, and operational expertise in healthcare management.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$62,340$30
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$93,960$45.2
ManagerOversees team, compliance, and project delivery.50% (Median)$109,460$52.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$156,600$75.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$185,470$89.2

Detailed Medical and Health Services Managers Market Analysis

Relocation Context

Nominal Salary

$125,280

Gross Pay

Real Wage (Purchasing Power)

$125,280

Adjusted for COL (100)

The average annual salary of $125,280 in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Medical and Health Services Manager's salary in this region is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher or lower living expenses.

Job Market Context

1,250

Total Jobs

4.402

Per 1K Jobs

1.2

Location Quotient

Above Average

With a location quotient of 1.20, Lexington-Fayette, KY has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.

With a Location Quotient of 1.2, Lexington-Fayette, KY, exhibits a concentration of Medical and Health Services Managers that is 20% higher than the national average. This indicates a relatively strong presence and demand for these professionals within the local healthcare sector, suggesting a competitive yet accessible job market for those looking to advance their careers in healthcare administration.

Nearby Job Markets

Nearby Cities for Medical and Health Services Managers

CitySalaryDist.
Central Kentucky nonmetropolitan area Medical and Health Services Managers Salary$103,090↓ 18%28 mi
South Central Kentucky nonmetropolitan area Medical and Health Services Managers Salary$107,520↓ 14%28 mi
West Kentucky nonmetropolitan area Medical and Health Services Managers Salary$99,270↓ 21%28 mi
East Kentucky nonmetropolitan area Medical and Health Services Managers Salary$88,580↓ 29%28 mi
Louisville/Jefferson County, KY-IN Medical and Health Services Managers Salary$126,400↑ 1%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Medical and Health Services Managerss?

Frequently Asked Questions

How much does a Medical and Health Services Managers make in Lexington-Fayette, KY?

The median annual salary for a Medical and Health Services Managers in Lexington-Fayette, KY is $125,280. This typically ranges from $62,340 for entry-level positions to $185,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 8.7% lower than the national median of $137,170.

Is Lexington-Fayette, KY a lucrative place for Medical and Health Services Managers?

Yes, with a caveat.While the average salary of $125,280 is below the national average, the cost of living is also at the national average, offering stable purchasing power. The higher-than-average concentration of these roles suggests good job availability.

Is Lexington-Fayette, KY a good place to live for Medical and Health Services Managers?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($103,090) and South Central Kentucky nonmetropolitan area.

How does the local workforce size affect job prospects?

A local workforce of 1,250 Medical and Health Services Managers indicates a substantial presence of these roles, suggesting a mature market with ongoing opportunities for both new entrants and experienced professionals.

What does a Location Quotient of 1.2 signify?

A Location Quotient of 1.2 means that Medical and Health Services Managers are 20% more concentrated in Lexington-Fayette, KY, than in the U.S. overall, pointing to a strong local demand for this profession.

How does the cost of living impact the $125,280 salary?

With a Cost of Living Index of 100, the $125,280 salary in Lexington-Fayette, KY, offers purchasing power equivalent to the national average, making it a financially stable location for these professionals.

Are there more jobs per 1,000 workers for this role in Lexington?

With 4.402 jobs per 1,000 workers, Lexington-Fayette, KY, shows a healthy ratio, indicating a solid number of opportunities relative to the overall workforce size in the area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,250 employees in the Lexington-Fayette, KY area with a job density of 4.402 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY