Average Residential Advisors Salary in Lafayette-West Lafayette, IN
The average salary for a Residential Advisors in Lafayette-West Lafayette, IN is $45,020. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Lafayette-West Lafayette, IN is a key hub for this profession, with a job concentration 1.28x higher than average.
Executive Summary
- Average Salary: $45,020 per year.
- Growth Trend: Salaries have shifted 6.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $63,030.
- Outlook: The current demand for Residential Advisorss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Lafayette-West Lafayette, IN economy.
Salary Overview
The average Residential Advisors in Lafayette-West Lafayette, IN earns+9.0%above the national average.
$21.6
$866
$3,752
Residential Advisors Salary Trends (2020-2024)
Over the past 4 years, Residential Advisors salaries in Lafayette-West Lafayette, IN have remained stable with a modest increase of 6.8%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Residential Advisors Salary Distribution in Lafayette-West Lafayette, IN
The earning potential for Residential Advisorss in Lafayette-West Lafayette, IN varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $30,600, while highly experienced professionals can command wages upwards of $63,030.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $30,600 | $14.7 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $33,765 | $16.2 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $41,690 | $20 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $56,275 | $27.1 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $63,030 | $30.3 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$45,020
Gross Pay
Real Wage (Purchasing Power)
$45,020
Adjusted for COL (100)
In Lafayette-West Lafayette, IN, the Cost of Living Index is 100. This increases your effective purchasing power from $45,020 to $45,020.
Job Market Context
70
Total Jobs
0.686
Per 1K Jobs
1.28
Location Quotient
With a location quotient of 1.28, Lafayette-West Lafayette, IN has a slightly higher-than-average concentration of Residential Advisors roles compared to the national norm.
70 people work as Residential Advisors in Lafayette-West Lafayette, IN.
Only 0.686 out of every 1,000 local jobs are Residential Advisors roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Northern Indiana nonmetropolitan area Residential Advisors Salary | $36,540↓ 19% | 50 mi |
| Southern Indiana nonmetropolitan area Residential Advisors Salary | $39,320↓ 13% | 50 mi |
| Central Indiana nonmetropolitan area Residential Advisors Salary | $38,180↓ 15% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Residential Advisors Salary | $40,920↓ 9% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Lafayette-West Lafayette, IN?
The median annual salary for a Residential Advisors in Lafayette-West Lafayette, IN is $45,020. This typically ranges from $30,600 for entry-level positions to $63,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 9.0% higher than the national median of $41,320.
Is Lafayette-West Lafayette, IN a good place for Residential Advisorss?
Yes, Lafayette-West Lafayette, IN is an excellent location for Residential Advisorss. It offers both higher-than-average salaries ($45,020) and a high concentration of job opportunities. See distinct detailed breakdown below.
Is Lafayette-West Lafayette, IN a good place to live for Residential Advisors?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($36,540) and Southern Indiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Lafayette-West Lafayette, IN area with a job density of 0.686 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 Lafayette-West Lafayette, IN