Average Medical and Health Services Managers Salary in Waterbury-Shelton, CT
In Waterbury-Shelton, CT, Medical and Health Services Managers earn an average annual salary of $123,760. This figure is notably below the national average of $137,170, suggesting that local market dynamics and potentially a different healthcare landscape influence compensation in this region. While the nominal salary is substantial, understanding its purchasing power relative to local costs is key.
Executive Summary
- Average Salary: $123,760 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $166,160.
- Outlook: The Waterbury-Shelton, CT area supports a local workforce of 760 Medical and Health Services Managers. With a Location Quotient of 1.31, this indicates a higher concentration of these professionals than the national average, suggesting a robust and potentially growing demand for their specialized skills within the region's healthcare infrastructure.
Salary Overview
The average Medical and Health Services Managers in Waterbury-Shelton, CT earns-9.8%below the national average.
$59.5
$2,380
$10,313
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Waterbury-Shelton is not provided, it is generally assumed that the field of healthcare management has experienced consistent salary growth over the past four years, driven by increasing healthcare demands and administrative complexities. This trend likely extends to the Waterbury-Shelton area, reflecting broader industry advancements and the critical role these managers play.
Medical and Health Services Managers Salary Distribution in Waterbury-Shelton, CT
Career progression for Medical and Health Services Managers in Waterbury-Shelton, CT, typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise and take on greater responsibilities, their earnings can ascend to higher percentiles, reflecting the value of seasoned leadership in healthcare administration.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,440 | $32.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,820 | $44.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $112,630 | $54.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,700 | $74.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $166,160 | $79.9 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$123,760
Gross Pay
Real Wage (Purchasing Power)
$123,760
Adjusted for COL (100)
The average annual salary of $123,760 in Waterbury-Shelton, CT, aligns perfectly with the national average cost of living, indicated by an index of 100. 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.
Job Market Context
760
Total Jobs
4.803
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Waterbury-Shelton, CT has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.31 signifies that Medical and Health Services Managers are more concentrated in the Waterbury-Shelton, CT area than the national average. This suggests a competitive yet abundant job market, where opportunities may be plentiful, but the pool of qualified candidates is also relatively larger, requiring professionals to highlight their unique skills and experience.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Medical and Health Services Managers Salary | $127,270↑ 3% | 15 mi |
| New Haven, CT Medical and Health Services Managers Salary | $143,640↑ 16% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Medical and Health Services Managers Salary | $139,430↑ 13% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Medical and Health Services Managers Salary | $163,760↑ 32% | 27 mi |
| Springfield, MA Medical and Health Services Managers Salary | $140,220↑ 13% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Medical and Health Services Managers make in Waterbury-Shelton, CT?
The median annual salary for a Medical and Health Services Managers in Waterbury-Shelton, CT is $123,760. This typically ranges from $67,440 for entry-level positions to $166,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 9.8% lower than the national median of $137,170.
Is Waterbury-Shelton, CT a lucrative place for Medical and Health Services Managers?
Yes, with caveats.While the average salary of $123,760 is below the national average, the cost of living is also at the national average, maintaining purchasing power. The higher concentration of these roles (LQ 1.31) indicates strong local demand.
Is Waterbury-Shelton, CT a good place to live for Medical and Health Services Managers?
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 ($127,270) and New Haven, CT.
How does the Waterbury-Shelton salary compare to the national average?
The average salary for Medical and Health Services Managers in Waterbury-Shelton, CT is $123,760, which is lower than the national average of $137,170.
What is the cost of living in Waterbury-Shelton, CT?
The cost of living in Waterbury-Shelton, CT is at the national average, with an index of 100.
Is there high demand for Medical and Health Services Managers in Waterbury-Shelton, CT?
Yes, the Location Quotient of 1.31 suggests a higher concentration of these roles compared to the national average, indicating strong local demand.
How many Medical and Health Services Managers work in Waterbury-Shelton, CT?
There are approximately 760 Medical and Health Services Managers employed in the Waterbury-Shelton, CT area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Waterbury-Shelton, CT area with a job density of 4.803 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Waterbury-Shelton, CT