Average Business and Financial Operations Occupations Salary in Albany, GA
In Albany, GA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $79,240. This figure is notably below the national average of $94,590, indicating that local market dynamics and economic factors specific to the region influence compensation levels. The cost of living in Albany, however, aligns perfectly with the national average, suggesting a balanced purchasing power for these salaries.
Executive Summary
- Average Salary: $79,240 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,230.
- Outlook: Albany, GA supports a local workforce of 3,370 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.85, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand compared to other regions. The presence of 57.135 jobs per 1,000 workers indicates a consistent, albeit moderate, presence of these critical operational roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Albany, GA earns-16.2%below the national average.
$38.1
$1,524
$6,603
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Albany, GA have experienced growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations, leading to incremental salary increases for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in Albany, GA
Career progression within Business and Financial Operations Occupations in Albany, GA, typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command salaries substantially higher than the average. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,570 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,430 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,950 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,050 | $47.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,230 | $57.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,240
Gross Pay
Real Wage (Purchasing Power)
$79,240
Adjusted for COL (100)
The average annual salary of $79,240 in Albany, GA, when juxtaposed with a Cost of Living Index of 100 (which is the national average), presents a neutral financial picture for relocation. This means that the purchasing power of the salary is directly comparable to the national average, offering no immediate cost-of-living advantage or disadvantage for those moving to the area for these roles.
Job Market Context
3,370
Total Jobs
57.135
Per 1K Jobs
0.85
Location Quotient
Albany, GA has 0.85x 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.
Albany, GA's Location Quotient of 0.85 for Business and Financial Operations Occupations suggests that this sector is slightly less concentrated than the national average. This indicates that while the jobs exist and are a part of the local economy, the market is not saturated, potentially offering a balanced competitive landscape for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Valdosta, GA Business and Financial Operations Occupations Salary | $68,430↓ 14% | 73 mi |
| Dothan, AL Business and Financial Operations Occupations Salary | $71,960↓ 9% | 76 mi |
| Columbus, GA-AL Business and Financial Operations Occupations Salary | $88,170↑ 11% | 76 mi |
| Warner Robins, GA Business and Financial Operations Occupations Salary | $89,770↑ 13% | 77 mi |
| Tallahassee, FL Business and Financial Operations Occupations Salary | $67,610↓ 15% | 78 mi |
Comparing salaries near Albany, GA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Albany, GA?
The median annual salary for a Business and Financial Operations Occupations in Albany, GA is $79,240. This typically ranges from $37,570 for entry-level positions to $119,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany, GA is 16.2% lower than the national median of $94,590.
Is Albany, GA a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to the national average.While the average salary of $79,240 is substantial, it falls below the national average of $94,590. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Albany, GA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Albany, GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany, GA?
Some top paying nearby cities include Valdosta, GA ($68,430) and Dothan, AL.
How does the Albany, GA salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Albany, GA is $79,240, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Albany, GA?
The concentration, measured by the Location Quotient, is 0.85, indicating slightly fewer of these jobs relative to the national average.
How does the cost of living in Albany, GA affect the salary?
Albany, GA has a Cost of Living Index of 100, which is the national average. This means the $79,240 salary has purchasing power equivalent to the national average.
What is the total workforce size for these occupations in Albany, GA?
There are 3,370 individuals employed in Business and Financial Operations Occupations in Albany, GA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,370 employees in the Albany, GA area with a job density of 57.135 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 Albany, GA