Last Updated on September 5, 2023 by Robert C. Hoopes
Lafayette, an area known for its thriving job market, is home to some of the highest-paying occupations in the country, according to recent analysis by Stacker using data from the Bureau of Labor Statistics. The study revealed that doctors, engineers, tech workers, and executives dominate the list of the highest earners in the city.
Unsurprisingly, medical professionals take the lead when it comes to earning potential in Lafayette. Anesthesiologists top the list with a median annual wage of $281,680, making them the highest earners in the city. With 50 anesthesiologists employed, they account for 0.26 of every 1,000 jobs in the area. Physicians from various specialties, including those categorized as “Physicians, all other,” follow closely behind with a median annual wage of $226,120 and a total employment of 390 people.
Other high-paying jobs in Lafayette include architectural and engineering managers, who earn a median annual wage of $164,280, and nurse anesthetists, who make $183,780 per year. Chief executives also earn a substantial amount, with a median annual wage of $213,550.
The importance of higher education in securing these high-paying jobs is evident. The Bureau of Labor Statistics data shows that higher degree holders generally earn more and experience lower rates of unemployment. In fact, the top 50 highest-paying jobs in the nation all require at least a bachelor’s degree, and many even require advanced degrees such as master’s or doctorates. Workers with a bachelor’s degree had median weekly earnings of $1,305 in 2020, compared to $781 for those with only a high school diploma.
The analysis also revealed that occupations like pharmacists, optometrists, and nurse practitioners have a significant presence in Lafayette. While these occupations earn slightly less than the top earners, they still offer competitive salaries. Pharmacists, for example, have a median annual wage of $123,700, while optometrists earn $125,990 per year. Nurse practitioners in Lafayette have a median annual wage of $129,290.
Overall, the data underscores the importance of higher education and advanced degrees for securing high-paying jobs. Choosing to pursue higher education can lead to greater earning potential and lower unemployment rates, making it a worthwhile investment for those looking to establish a successful career in Lafayette and beyond.