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Average Residential Advisors Salary in Lexington-Fayette, KY

In Lexington-Fayette, KY, Residential Advisors earn an average annual salary of $31,050. This figure is notably lower than the national average of $41,320. Local economic factors, including the specific demand and cost structure within the region, contribute to this pay differential.

Executive Summary

  • Average Salary: $31,050 per year.
  • Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $41,090.
  • Outlook: The local job market for Residential Advisors in Lexington-Fayette, KY, comprises approximately 210 professionals. With a Location Quotient of 1.37, the concentration of these roles is higher than the national average, suggesting a relatively robust demand within the area compared to other professions.
2024 Market Data

Salary Overview

$31,050

The average Residential Advisors in Lexington-Fayette, KY earns-24.9%below the national average.

BreakdownBased on 40h/week
Hourly

$14.9

Weekly

$597

Monthly

$2,588

Residential Advisors Salary Distribution in Lexington-Fayette, KY

Career progression for Residential Advisors typically involves salary increases with experience. Entry-level positions often start at the lower end of the pay scale, while senior or lead roles command higher compensation. The percentile gaps in salary distribution signify these opportunities for advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$18,560$8.9
ExperiencedProficient professional working independently.25% (Junior)$23,288$11.2
Mid-LevelEstablished expert. Standard market value.50% (Median)$28,320$13.6
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$38,813$18.7
Top TierIndustry leader / Executive level compensation.90% (Expert)$41,090$19.8

Detailed Residential Advisors Market Analysis

Relocation Context

Nominal Salary

$31,050

Gross Pay

Real Wage (Purchasing Power)

$31,050

Adjusted for COL (100)

The nominal average salary of $31,050 in Lexington-Fayette, KY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This indicates that the purchasing power of a Residential Advisor's salary in this area is comparable to the national standard, meaning expenses are neither significantly higher nor lower than elsewhere.

Job Market Context

210

Total Jobs

0.734

Per 1K Jobs

1.37

Location Quotient

Above Average

With a location quotient of 1.37, Lexington-Fayette, KY has a slightly higher-than-average concentration of Residential Advisors roles compared to the national norm.

A Location Quotient of 1.37 signifies that Lexington-Fayette, KY, has a higher concentration of Residential Advisor jobs relative to its overall workforce compared to the national average. This suggests that the job market for this specific role is more developed or in higher demand locally than in many other regions across the country.

Nearby Job Markets

Nearby Cities for Residential Advisors

CitySalaryDist.
Central Kentucky nonmetropolitan area Residential Advisors Salary$37,290↑ 20%28 mi
South Central Kentucky nonmetropolitan area Residential Advisors Salary$25,320↓ 18%28 mi
West Kentucky nonmetropolitan area Residential Advisors Salary$31,920↑ 3%28 mi
East Kentucky nonmetropolitan area Residential Advisors Salary$25,650↓ 17%28 mi
Louisville/Jefferson County, KY-IN Residential Advisors Salary$28,910↓ 7%72 mi

Comparing salaries near Lexington-Fayette, KY

Hiring Residential Advisorss?

Frequently Asked Questions

How much does a Residential Advisors make in Lexington-Fayette, KY?

The median annual salary for a Residential Advisors in Lexington-Fayette, KY is $31,050. This typically ranges from $18,560 for entry-level positions to $41,090 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lexington-Fayette, KY is 24.9% lower than the national median of $41,320.

Is Lexington-Fayette, KY a lucrative place for Residential Advisors?

No, not exceptionally lucrative compared to the national average.While the concentration of jobs is higher than the national average, the average salary of $31,050 is significantly below the national average of $41,320.

Is Lexington-Fayette, KY a good place to live for Residential Advisors?

The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Lexington-Fayette, KY?

Some top paying nearby cities include Central Kentucky nonmetropolitan area ($37,290) and South Central Kentucky nonmetropolitan area.

How does the Lexington-Fayette, KY salary compare to the national average?

The average annual salary for Residential Advisors in Lexington-Fayette, KY, is $31,050, which is substantially lower than the national average of $41,320.

What is the job concentration for Residential Advisors in Lexington-Fayette, KY?

Lexington-Fayette, KY has a Location Quotient of 1.37 for Residential Advisors, indicating a higher concentration of these jobs compared to the national average.

How does the cost of living affect the salary in Lexington-Fayette, KY?

With a Cost of Living Index of 100, the local cost of living is on par with the national average. Therefore, the $31,050 salary in Lexington-Fayette, KY, offers average purchasing power.

What is the total number of Residential Advisors in Lexington-Fayette, KY?

There are approximately 210 Residential Advisors employed in the Lexington-Fayette, KY area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Lexington-Fayette, KY area with a job density of 0.734 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY