Average Residential Advisors Salary in Knoxville, TN
Residential Advisors in Knoxville, TN, earn an average annual salary of $32,630. This figure is notably below the national average of $41,320, indicating that local market dynamics and potentially a different demand-supply balance influence compensation in this Tennessee city. Factors such as the cost of living and the concentration of similar roles contribute to this localized pay scale.
Executive Summary
- Average Salary: $32,630 per year.
- Growth Trend: Salaries have shifted 19.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $43,440.
- Outlook: The job market for Residential Advisors in Knoxville presents a concentrated demand, with a Location Quotient of 2.06, suggesting a significantly higher presence of these roles compared to the national average. While the total local workforce of 460 is modest, the high concentration implies that employers in Knoxville actively seek and employ Residential Advisors, pointing to a stable, albeit specialized, job market.
Salary Overview
The average Residential Advisors in Knoxville, TN earns-21.0%below the national average.
$15.7
$628
$2,719
Residential Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Residential Advisors in Knoxville have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for most professions as demand evolves and the cost of living adjusts, suggesting a potentially increasing earning potential for dedicated professionals in this field.
Residential Advisors Salary Distribution in Knoxville, TN
Salary progression for Residential Advisors in Knoxville typically scales with experience. Entry-level positions will likely fall at the lower end of the pay spectrum, while senior advisors with extensive experience and specialized skills can command higher salaries. The percentile distribution of salaries, though not detailed here, would signify career advancement opportunities, with higher percentiles representing more experienced and higher-compensated individuals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $24,630 | $11.8 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $24,473 | $11.8 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $32,240 | $15.5 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $40,788 | $19.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $43,440 | $20.9 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$32,630
Gross Pay
Real Wage (Purchasing Power)
$32,630
Adjusted for COL (100)
The average annual salary of $32,630 for Residential Advisors in Knoxville aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal income earned by an advisor in Knoxville has purchasing power equivalent to the national average. While the salary is lower than the national average, the cost of living does not present a disadvantage, suggesting that the take-home pay is relatively balanced within the local economic context.
Job Market Context
460
Total Jobs
1.108
Per 1K Jobs
2.06
Location Quotient
Knoxville, TN has 2.1x the national concentration of Residential Advisors jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Knoxville's Location Quotient of 2.06 for Residential Advisors signifies a strong concentration of this profession, more than double the national average. This indicates a robust local demand for these services, suggesting that the job market is relatively abundant with opportunities for qualified individuals. While the total workforce size is moderate, the high concentration points to a specialized and active hiring environment for Residential Advisors in the area.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Residential Advisors Salary | $32,270↓ 1% | 40 mi |
| Cleveland, TN Residential Advisors Salary | $32,290↓ 1% | 75 mi |
| Asheville, NC Residential Advisors Salary | $39,020↑ 20% | 83 mi |
| Kingsport-Bristol, TN-VA Residential Advisors Salary | $32,810↑ 1% | 87 mi |
| Johnson City, TN Residential Advisors Salary | $31,840↓ 2% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Knoxville, TN?
The median annual salary for a Residential Advisors in Knoxville, TN is $32,630. This typically ranges from $24,630 for entry-level positions to $43,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 21.0% lower than the national median of $41,320.
Is Knoxville, TN a lucrative place for Residential Advisorss?
No, not compared to the national average.While the cost of living is average, the average salary of $32,630 is significantly lower than the national average of $41,320. The high concentration of roles suggests demand, but not necessarily higher pay.
Is Knoxville, TN a good place to live for Residential Advisors?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($32,270) and Cleveland, TN.
How does Knoxville's cost of living compare to the national average?
Knoxville's cost of living is exactly at the national average, with a Cost of Living Index of 100. This means that the general expenses for housing, utilities, groceries, and transportation are comparable to the national benchmark.
What does a Location Quotient of 2.06 mean for Residential Advisors in Knoxville?
A Location Quotient of 2.06 indicates that Residential Advisors are more than twice as concentrated in Knoxville compared to the national average. This suggests a higher relative demand and a more specialized job market for this role in the city.
How many Residential Advisors work in Knoxville?
There are approximately 460 Residential Advisors employed in Knoxville, TN. This represents 1.108 jobs per 1,000 workers in the local economy.
Is the salary for Residential Advisors likely to increase in Knoxville?
While specific trends are not provided, it's generally expected that salaries for professions like Residential Advisors see gradual increases over time due to inflation and evolving market demands. However, the rate of increase may be influenced by local economic factors.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Knoxville, TN area with a job density of 1.108 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Knoxville, TN