A few weeks ago, I did an article for the Ithaca Voice about how wages in Ithaca are only slightly higher than peer communities in upstate, yet they pay a lot more in rent.
This article isn’t going to focus on that, although I could certainly add a few more pages (or at least fix the embedded graphs issue in the first article). This “topic of the week” piece is intended to be more of a “fun facts” about the Ithaca labor market.
The data comes from the Department of Labor here. All figures date from May 2014.
– The major category that employs the most people in Ithaca is no surprise – “Education, Training and Library Occupations”, with 15.49% of the jobs in the Ithaca metro (the BLS estimates this category to have 7,660 jobs locally, but that would suggest only about 49,430 jobs in the region when their numbers elsewhere say 70,000…make of it what you will). This turns out to be the highest percentage for any metro in the entire country.
This category, which includes professors, teachers, librarians and teaching assistants, averages pay of $80,700/year locally, versus $46,660/year nationally. Not only is Ithaca the metro with the largest percentage of educators and librarians, it’s also the one with the highest wages – Ann Arbor (U. of Michigan) comes in second with $79,500. Ithaca’s quintessential college town vibe is strong.
– The occupational category with the highest average pay is no shocker either – Physicians and surgeons, who employ about 80 people locally and average a pay of just over $233,000/year. The national average is only a little lower at $224,000/year. They are followed by the 40 or so dentists in the region making an average of $205,000/year (national average $167,000/year).
– On the other end of the scale, fast food cooks make the least – the 140 estimated by the BLS make about $18,680 per year. Food prep, delivery drivers and laundry workers all make less than $20,000/year on average, and amount to 1,380 workers. The median salary for all jobs in the Ithaca area is $52,020/year.
– Some other rankings where Ithaca comes in the top 10 of the nation’s 381 metros: professional chefs (8th highest concentration in the nation), microbiologists (7th highest concentration), psychologists (5th) and editors (4th – here’s looking at you, Jeff).
– Now here’s a fun category – location quotient. Basically, how many times more likely a certain type of worker is in a given area versus the national average. For example, my field, atmospheric and space scientists, has a location quotient of 107.36 for the Boulder, Colorado – in other words, atmospheric and space scientists are 107.36 times more common in Boulder than the national average. This is why we have a joke in my field that Boulder is like Mecca for atmospheric scientists – you have to visit at least once before you die, otherwise you can’t go to Heaven.
So what fields have the highest location quotients in Ithaca? Economics professors (24.53), Physics professors (14,49) and Fundraisers (14.03). And yes, Ithaca has the highest concentration of people in those fields out of any metro area in the country. Now I know why Cornell is so persistent with its donation solicitations.