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Average Residential Advisors Salary in Nashville-Davidson--Murfreesboro--Franklin, TN

Residential Advisors in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $34,920. This figure is notably below the national average of $41,320, suggesting that local market dynamics and potentially a different cost-of-living structure influence compensation in this region. While the national average reflects broader economic factors, local demand and supply for this specific role play a significant part in Nashville's pay scale.

Executive Summary

  • Average Salary: $34,920 per year.
  • Growth Trend: Salaries have shifted 24.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $46,110.
  • Outlook: The local job market for Residential Advisors in Nashville-Davidson--Murfreesboro--Franklin, TN, appears to be moderately concentrated, with a total workforce of 970 individuals in this role. The Location Quotient of 1.65 indicates a higher-than-average presence of this profession compared to the national landscape, suggesting a stable demand for Residential Advisors within the region. This concentration, coupled with 0.884 jobs per 1,000 workers, points to a consistent, albeit not rapidly expanding, employment environment for these professionals.
2024 Market Data

Salary Overview

$34,920

The average Residential Advisors in Nashville-Davidson--Murfreesboro--Franklin, TN earns-15.5%below the national average.

BreakdownBased on 40h/week
Hourly

$16.8

Weekly

$672

Monthly

$2,910

Residential Advisors Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN

Career progression for Residential Advisors typically involves a significant salary increase with experience. Entry-level positions often start at the lower end of the pay scale, while senior or lead Residential Advisors, with several years of experience and specialized skills, can command substantially higher salaries. The percentile distribution of salaries, though not detailed here, would typically show a widening gap between the 25th percentile (entry-level) and the 75th or 90th percentile (experienced professionals), signifying clear opportunities for financial growth within the career path.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$24,550$11.8
ExperiencedProficient professional working independently.25% (Junior)$26,190$12.6
Mid-LevelEstablished expert. Standard market value.50% (Median)$33,520$16.1
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$43,650$21
Top TierIndustry leader / Executive level compensation.90% (Expert)$46,110$22.2

Detailed Residential Advisors Market Analysis

Relocation Context

Nominal Salary

$34,920

Gross Pay

Real Wage (Purchasing Power)

$34,920

Adjusted for COL (100)

The average annual salary of $34,920 for Residential Advisors in Nashville-Davidson--Murfreesboro--Franklin, TN, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Residential Advisor's salary in this area is comparable to that of someone earning the national average salary in a location with a national average cost of living. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer similar lifestyle affordability.

Job Market Context

970

Total Jobs

0.884

Per 1K Jobs

1.65

Location Quotient

Major Hub

Nashville-Davidson--Murfreesboro--Franklin, TN has 1.6x 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.

With a Location Quotient of 1.65, the Nashville-Davidson--Murfreesboro--Franklin, TN area shows a significantly higher concentration of Residential Advisors compared to the national average. This suggests that the job market for this role is more robust and potentially more competitive within this specific metropolitan area. While a higher concentration can indicate strong local demand, it also implies a larger pool of qualified candidates, which could influence hiring dynamics and salary negotiations.

Nearby Job Markets

Nearby Cities for Residential Advisors

CitySalaryDist.
East Tennessee nonmetropolitan area Residential Advisors Salary$29,910↓ 14%29 mi
South Central Tennessee nonmetropolitan area Residential Advisors Salary$31,120↓ 11%29 mi
West Tennessee nonmetropolitan area Residential Advisors Salary$29,540↓ 15%29 mi
North Central Tennessee nonmetropolitan area Residential Advisors Salary$31,780↓ 9%29 mi

Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN

Hiring Residential Advisorss?

Frequently Asked Questions

How much does a Residential Advisors make in Nashville-Davidson--Murfreesboro--Franklin, TN?

The median annual salary for a Residential Advisors in Nashville-Davidson--Murfreesboro--Franklin, TN is $34,920. This typically ranges from $24,550 for entry-level positions to $46,110 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 15.5% lower than the national median of $41,320.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Residential Advisors?

No, not particularly lucrative compared to the national average.The average salary of $34,920 is below the national average of $41,320, although the cost of living is on par with the national average. This indicates that while affordability is similar, the earning potential is lower in this region.

Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Residential Advisors?

The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?

Some top paying nearby cities include East Tennessee nonmetropolitan area ($29,910) and South Central Tennessee nonmetropolitan area.

How does the Nashville Residential Advisor salary compare to the national average?

Residential Advisors in Nashville earn an average of $34,920 annually, which is $6,400 less than the national average of $41,320.

What does the Location Quotient of 1.65 mean for Residential Advisors in Nashville?

A Location Quotient of 1.65 signifies that Residential Advisors are 65% more concentrated in the Nashville area than the national average, indicating a stronger local presence and potentially higher demand for this profession.

Is the cost of living in Nashville a factor in the salary for Residential Advisors?

Yes, the cost of living in Nashville is at the national average (100), meaning the lower nominal salary of $34,920 has comparable purchasing power to the national average salary in a location with average living expenses.

How many Residential Advisors are there in the Nashville area?

The Nashville-Davidson--Murfreesboro--Franklin, TN area employs approximately 970 Residential Advisors, representing 0.884 jobs per 1,000 workers in the total local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 0.884 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN

Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Nashville-Davidson--Murfreesboro--Franklin, TN