Average Business and Financial Operations Occupations Salary in Alabama
In Alabama, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,220. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the state. The compensation landscape in Alabama is shaped by a unique interplay of local market dynamics and the overall economic structure of the region.
Executive Summary
- Average Salary: $82,220 per year.
- Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,840.
- Outlook: Alabama's market for Business and Financial Operations roles is substantial, with a total local workforce of 108,720 individuals employed in these fields. The Location Quotient of 0.77 suggests a slightly lower concentration of these jobs compared to the national average, indicating a stable but not overly saturated market. With 51.98 jobs per 1,000 workers, the demand is consistent, providing a solid foundation for career opportunities within the state.
Salary Overview
The average Business and Financial Operations Occupations in Alabama earns-13.1%below the national average.
$39.5
$1,581
$6,852
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Alabama have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by increasing demand for financial expertise, evolving business needs, and general economic expansion within the state.
Business and Financial Operations Occupations Salary Distribution in Alabama
Salary progression within Business and Financial Operations Occupations in Alabama is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn substantially more. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, underscores the clear career advancement and earning potential available to those who develop their expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,390 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,665 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,390 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,775 | $49.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,840 | $62.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,220
Gross Pay
Real Wage (Purchasing Power)
$93,326
Adjusted for COL (88.1)
The average annual salary of $82,220 in Alabama presents a favorable financial outlook when considered against the state's Cost of Living Index of 88.1. This index is 11.9% lower than the national average, meaning that the nominal income earned in Alabama offers a higher purchasing power locally. Consequently, the effective take-home value of the $82,220 salary is enhanced, making Alabama an economically attractive location for these professionals.
Job Market Context
108,720
Total Jobs
51.98
Per 1K Jobs
0.77
Location Quotient
Alabama has 0.77x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.77, Alabama's market for Business and Financial Operations Occupations is less concentrated than the national average. This suggests that while these roles are present and necessary, they are not as dominant a feature of the state's employment landscape compared to national trends. This could imply a market with moderate competition, offering opportunities for skilled professionals without the intense saturation found in more concentrated regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↓ 6% | 44 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 0% | 50 mi |
| Tuscaloosa, AL Business and Financial Operations Occupations Salary | $78,230↓ 5% | 52 mi |
| Auburn-Opelika, AL Business and Financial Operations Occupations Salary | $72,450↓ 12% | 77 mi |
| Anniston-Oxford, AL Business and Financial Operations Occupations Salary | $73,170↓ 11% | 82 mi |
Comparing salaries near Alabama
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Alabama?
The median annual salary for a Business and Financial Operations Occupations in Alabama is $82,220. This typically ranges from $43,390 for entry-level positions to $130,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Alabama is 13.1% lower than the national median of $94,590.
Is Alabama a lucrative place for Business and Financial Operations Occupationss?
Moderately so, with strong purchasing power.While the average salary of $82,220 is below the national average, Alabama's lower cost of living significantly boosts the effective value of this income. The job market is stable, offering consistent opportunities.
Is Alabama a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 88.1 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Alabama?
Some top paying nearby cities include Montgomery, AL ($77,550) and Birmingham, AL.
How does Alabama's average salary compare to the national average for this field?
The average annual salary in Alabama for Business and Financial Operations Occupations is $82,220, which is below the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Alabama?
Alabama has a Location Quotient of 0.77 for these occupations, indicating a slightly lower concentration compared to the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Alabama?
There are approximately 51.98 jobs per 1,000 workers in Business and Financial Operations Occupations in Alabama.
Is it cheaper to live in Alabama compared to the national average?
Yes, Alabama has a Cost of Living Index of 88.1, which is 11.9% lower than the national average of 100.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 108,720 employees in the Alabama area with a job density of 51.98 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Alabama