Average Production Occupations Salary in Homosassa Springs, FL
In Homosassa Springs, FL, professionals in Production Occupations can expect an average annual salary of $45,900. This figure is slightly below the national average of $49,710, a common occurrence in areas with a different economic landscape and demand for specialized manufacturing skills. The local economic drivers and the specific needs of the regional industry play a significant role in shaping this compensation.
Executive Summary
- Average Salary: $45,900 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $71,830.
- Outlook: The local workforce for Production Occupations in Homosassa Springs comprises 590 individuals, indicating a moderately sized segment of the labor market. With a Location Quotient of 0.3, the concentration of these roles is below the national average, suggesting that while opportunities exist, the field is not as densely populated as in other regions. The rate of 16.883 jobs per 1,000 workers further contextualizes the presence and demand for these positions within the local economy.
Salary Overview
The average Production Occupations in Homosassa Springs, FL earns-7.7%below the national average.
$22.1
$883
$3,825
Production Occupations Salary Trends (2020-2024)
While specific historical data for Homosassa Springs is not provided, it's reasonable to assume that salaries for Production Occupations have seen a gradual increase over the past four years, mirroring national trends. Economic factors such as inflation, evolving industry demands, and advancements in production technology typically drive upward adjustments in compensation, even in smaller markets.
Production Occupations Salary Distribution in Homosassa Springs, FL
Career progression within Production Occupations typically leads to increased earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with specialized skills and supervisory responsibilities command higher salaries. The percentile gaps in pay reflect this growth, with senior roles significantly out-earning those new to the field, signifying a clear path for career advancement and increased income.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $28,430 | $13.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $34,425 | $16.6 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $39,310 | $18.9 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $57,375 | $27.6 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $71,830 | $34.5 |
Detailed Production Occupations Market Analysis
Relocation Context
Nominal Salary
$45,900
Gross Pay
Real Wage (Purchasing Power)
$45,900
Adjusted for COL (100)
Homosassa Springs, FL, presents a unique financial scenario for Production Occupations. With an average salary of $45,900 and a Cost of Living Index precisely at the national average of 100, the nominal salary's purchasing power is equivalent to the national standard. This means that while the salary is below the national average, the cost of goods and services locally does not offset this difference, making the effective take-home value comparable to the national median.
Job Market Context
590
Total Jobs
16.883
Per 1K Jobs
0.3
Location Quotient
At 0.30x, Homosassa Springs, FL has a notably lower concentration of Production Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.3 for Production Occupations in Homosassa Springs indicates a lower concentration of these jobs compared to the national average. This suggests that the market is less saturated, which could present unique opportunities for skilled workers. However, it also implies that the demand might be more niche, and the overall volume of available positions may be limited when compared to larger metropolitan areas with extensive manufacturing bases.
Nearby Job Markets
Nearby Cities for Production Occupations
| City | Salary | Dist. |
|---|---|---|
| Wildwood-The Villages, FL Production Occupations Salary | $48,030↑ 5% | 32 mi |
| Ocala, FL Production Occupations Salary | $43,210↓ 6% | 34 mi |
| Tampa-St. Petersburg-Clearwater, FL Production Occupations Salary | $45,610↓ 1% | 60 mi |
| Gainesville, FL Production Occupations Salary | $44,350↓ 3% | 61 mi |
| Lakeland-Winter Haven, FL Production Occupations Salary | $46,370↑ 1% | 63 mi |
Comparing salaries near Homosassa Springs, FL
Hiring Production Occupationss?
Frequently Asked Questions
How much does a Production Occupations make in Homosassa Springs, FL?
The median annual salary for a Production Occupations in Homosassa Springs, FL is $45,900. This typically ranges from $28,430 for entry-level positions to $71,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Homosassa Springs, FL is 7.7% lower than the national median of $49,710.
Is Homosassa Springs, FL a lucrative place for Production Occupationss?
No, it is not significantly lucrative compared to the national average.The average salary of $45,900 is below the national average, and while the cost of living is on par, the lower salary limits overall earning potential.
Is Homosassa Springs, FL a good place to live for Production Occupations?
The Cost of Living Index in Homosassa Springs, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Homosassa Springs, FL?
Some top paying nearby cities include Wildwood-The Villages, FL ($48,030) and Ocala, FL.
How does the Homosassa Springs salary compare to the national average?
The average annual salary for Production Occupations in Homosassa Springs is $45,900, which is lower than the national average of $49,710.
What is the Cost of Living in Homosassa Springs, FL?
The Cost of Living Index in Homosassa Springs is 100, which is exactly the national average, meaning it is neither more nor less expensive to live there than the typical US location.
Is there high demand for Production Occupations in Homosassa Springs?
With a Location Quotient of 0.3, the concentration of Production Occupations is below the national average, suggesting moderate rather than high demand.
What does a Location Quotient of 0.3 mean for Production Occupations?
A Location Quotient of 0.3 signifies that Production Occupations are less concentrated in Homosassa Springs than the national average, indicating a smaller, potentially more specialized job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 590 employees in the Homosassa Springs, FL area with a job density of 16.883 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Production Occupations • Data source: BLS OEWS 2024 •Jobs in Homosassa Springs, FL