Average Training and Development Specialists Salary in Waco, TX
In Waco, TX, Training and Development Specialists earn an average annual salary of $63,530. This figure is notably below the national average of $73,570, reflecting localized economic factors and demand within the region. While the pay may differ from national benchmarks, it is crucial to consider the specific market dynamics at play in Waco.
Executive Summary
- Average Salary: $63,530 per year.
- Growth Trend: Salaries have shifted 1.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,650.
- Outlook: The Waco, TX market for Training and Development Specialists shows a stable presence, with a local workforce of 390 individuals. The Location Quotient of 1.06 indicates a concentration of these roles slightly above the national average, suggesting a consistent, albeit not overwhelmingly high, demand for these professionals within the area.
Salary Overview
The average Training and Development Specialists in Waco, TX earns-13.6%below the national average.
$30.6
$1,222
$5,294
Training and Development Specialists Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is generally observed that salaries for Training and Development Specialists nationwide have experienced steady growth over the past four years, driven by the increasing importance of employee development and corporate training initiatives. This trend is likely reflected to some degree in the Waco market, with potential for incremental salary increases.
Training and Development Specialists Salary Distribution in Waco, TX
Career progression for Training and Development Specialists in Waco, TX, typically correlates with increased compensation. Entry-level positions may start closer to the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles of the local pay scale.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,020 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,648 | $22.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,730 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $79,413 | $38.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,650 | $45.5 |
Detailed Training and Development Specialists Market Analysis
Relocation Context
Nominal Salary
$63,530
Gross Pay
Real Wage (Purchasing Power)
$63,530
Adjusted for COL (100)
The average annual salary of $63,530 in Waco, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Training and Development Specialist's salary in Waco is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
390
Total Jobs
2.997
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Waco, TX has a slightly higher-than-average concentration of Training and Development Specialists roles compared to the national norm.
With a Location Quotient of 1.06, Waco, TX, demonstrates a slightly higher concentration of Training and Development Specialist roles compared to the national average. This suggests that the job market is reasonably competitive, with a steady availability of opportunities for skilled professionals, though it may not be as saturated as in larger metropolitan areas.
Nearby Job Markets
Nearby Cities for Training and Development Specialists
Comparing salaries near Waco, TX
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Frequently Asked Questions
How much does a Training and Development Specialists make in Waco, TX?
The median annual salary for a Training and Development Specialists in Waco, TX is $63,530. This typically ranges from $37,020 for entry-level positions to $94,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 13.6% lower than the national median of $73,570.
Is Waco, TX a lucrative place for Training and Development Specialists?
No, not significantly more lucrative than the national average.While the salary of $63,530 is stable relative to the cost of living, it falls below the national average, indicating less lucrative earning potential compared to other regions.
Is Waco, TX a good place to live for Training and Development Specialists?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($60,540) and Northwestern Region of Texas nonmetropolitan area.
How does the Waco salary compare to the national average?
The average salary for Training and Development Specialists in Waco, TX, is $63,530, which is $10,040 less than the national average of $73,570.
What is the concentration of Training and Development Specialists in Waco?
Waco has a Location Quotient of 1.06 for this role, indicating a slightly higher concentration of these specialists compared to the national average.
How does the cost of living in Waco affect the salary?
The cost of living in Waco is exactly at the national average (100), meaning the $63,530 salary offers purchasing power equivalent to the national average salary.
What is the total number of Training and Development Specialists in Waco?
There are approximately 390 Training and Development Specialists employed in the Waco, TX area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Waco, TX area with a job density of 2.997 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Training and Development Specialists • Data source: BLS OEWS 2024 •Jobs in Waco, TX