Average Miscellaneous Assemblers and Fabricators Salary in Richmond, VA
In Richmond, VA, Miscellaneous Assemblers and Fabricators earn an average annual salary of $41,880. This figure is slightly below the national average of $44,850, suggesting that local market dynamics and industry demand play a significant role in compensation within this region. Factors such as the concentration of related industries and the overall economic landscape of Richmond contribute to this pay differential.
Executive Summary
- Average Salary: $41,880 per year.
- Growth Trend: Salaries have shifted 23.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $58,970.
- Outlook: The Richmond, VA market for Miscellaneous Assemblers and Fabricators comprises approximately 2,630 professionals. With a Location Quotient of 0.43, the concentration of these roles is below the national average, indicating a less specialized local market for this specific occupation. While the absolute number of workers suggests a presence, the lower LQ points to potentially moderate demand relative to national trends.
Salary Overview
The average Miscellaneous Assemblers and Fabricators in Richmond, VA earns-6.6%below the national average.
$20.1
$805
$3,490
Miscellaneous Assemblers and Fabricators Salary Trends (2020-2024)
While specific historical data for Richmond's Miscellaneous Assemblers and Fabricators is not provided, it is generally assumed that salaries in this field have seen modest growth over the past four years, mirroring broader economic trends and inflation adjustments. Increases in the cost of living and evolving industry demands typically drive incremental salary upticks for skilled labor.
Miscellaneous Assemblers and Fabricators Salary Distribution in Richmond, VA
Career progression for Miscellaneous Assemblers and Fabricators typically involves a salary increase with accumulated experience. Entry-level positions may start closer to the lower end of the pay scale, while senior assemblers with specialized skills and extensive experience can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $31,520 | $15.2 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $31,410 | $15.1 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $38,400 | $18.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $52,350 | $25.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $58,970 | $28.4 |
Detailed Miscellaneous Assemblers and Fabricators Market Analysis
Relocation Context
Nominal Salary
$41,880
Gross Pay
Real Wage (Purchasing Power)
$41,880
Adjusted for COL (100)
For individuals considering a move to Richmond, VA, the average salary of $41,880 aligns directly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of this salary in Richmond is comparable to the national average, offering a stable financial environment without significant advantages or disadvantages related to living expenses.
Job Market Context
2,630
Total Jobs
4.028
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Richmond, VA has a notably lower concentration of Miscellaneous Assemblers and Fabricators jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.43 for Miscellaneous Assemblers and Fabricators in Richmond, VA, indicates that this occupation is less concentrated in the area compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals, but it could also imply a more niche demand for these specific skills within the local economy.
Nearby Job Markets
Nearby Cities for Miscellaneous Assemblers and Fabricators
Comparing salaries near Richmond, VA
Hiring Miscellaneous Assemblers and Fabricatorss?
Frequently Asked Questions
How much does a Miscellaneous Assemblers and Fabricators make in Richmond, VA?
The median annual salary for a Miscellaneous Assemblers and Fabricators in Richmond, VA is $41,880. This typically ranges from $31,520 for entry-level positions to $58,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 6.6% lower than the national median of $44,850.
Is Richmond, VA a lucrative place for Miscellaneous Assemblers and Fabricators?
No, Richmond, VA is not a particularly lucrative place for Miscellaneous Assemblers and Fabricators compared to the national average.The average salary of $41,880 is below the national average, and the occupation's concentration (LQ) is also lower, suggesting less specialized demand.
Is Richmond, VA a good place to live for Miscellaneous Assemblers and Fabricators?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($41,280) and Northern West Virginia nonmetropolitan area.
How does the number of Miscellaneous Assemblers and Fabricators in Richmond compare nationally?
Richmond has a local workforce of 2,630 Miscellaneous Assemblers and Fabricators, which is a notable segment, but the national figures for this occupation would be considerably larger given the broader industrial base across the country.
What does a Location Quotient of 0.43 mean for job seekers?
A Location Quotient of 0.43 signifies that Miscellaneous Assemblers and Fabricators are less concentrated in Richmond than the national average. This could mean fewer job openings but potentially less competition for specialized roles.
How does the Cost of Living in Richmond impact the $41,880 salary?
With a Cost of Living Index of 100, Richmond's expenses are on par with the national average. Therefore, the $41,880 salary offers a purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
Are there significant salary differences based on experience for this role in Richmond?
Yes, as with most professions, experience plays a crucial role. Entry-level assemblers will likely earn less than the $41,880 average, while senior fabricators with extensive skills and a proven track record can expect to earn considerably more, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,630 employees in the Richmond, VA area with a job density of 4.028 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Miscellaneous Assemblers and Fabricators Salaries by State
Top Jobs in Richmond, VA
- All Occupations Salary in Richmond, VA
- Office and Administrative Support Occupations Salary in Richmond, VA
- Transportation and Material Moving Occupations Salary in Richmond, VA
- Sales and Related Occupations Salary in Richmond, VA
- Business and Financial Operations Occupations Salary in Richmond, VA
- Food Preparation and Serving Related Occupations Salary in Richmond, VA
- Healthcare Practitioners and Technical Occupations Salary in Richmond, VA
- Management Occupations Salary in Richmond, VA
- Educational Instruction and Library Occupations Salary in Richmond, VA
- Construction and Extraction Occupations Salary in Richmond, VA
- Browse All Jobs in Richmond, VA →
Semantic Salary Analysis for Miscellaneous Assemblers and Fabricators • Data source: BLS OEWS 2024 •Jobs in Richmond, VA