Average Business and Financial Operations Occupations Salary in Albany, OR
In Albany, Oregon, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,170. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region. Understanding these localized pay scales is crucial for career planning and financial forecasting in the Albany area.
Executive Summary
- Average Salary: $77,170 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,020.
- Outlook: Albany, OR supports a local workforce of 1,650 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.54, this sector is less concentrated than the national average, indicating a potentially less saturated but also possibly less robust job market compared to national hubs. The presence of approximately 36 jobs per 1,000 workers suggests a steady, albeit not overwhelmingly high, demand for these specialized roles.
Salary Overview
The average Business and Financial Operations Occupations in Albany, OR earns-18.4%below the national average.
$37.1
$1,484
$6,431
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Albany's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends. Factors such as inflation, increased demand for financial expertise, and evolving business landscapes likely contribute to incremental salary increases for professionals in these roles, even in a market with a lower concentration quotient.
Business and Financial Operations Occupations Salary Distribution in Albany, OR
Within the Business and Financial Operations field in Albany, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced degrees and a proven track record can expect significantly higher compensation. The percentile gaps between junior and senior roles highlight clear career advancement pathways and the increasing value placed on expertise and leadership within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,060 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,878 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,360 | $33.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,463 | $46.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,020 | $56.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,170
Gross Pay
Real Wage (Purchasing Power)
$77,170
Adjusted for COL (100)
The average annual salary of $77,170 in Albany, OR, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard. Therefore, relocating to Albany for these roles does not present a significant disadvantage in terms of cost of living, allowing the salary to maintain its relative value.
Job Market Context
1,650
Total Jobs
35.947
Per 1K Jobs
0.54
Location Quotient
Albany, OR has 0.54x 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, OR, exhibits a Location Quotient of 0.54 for Business and Financial Operations Occupations, indicating that this sector is less prevalent locally compared to the national average. This suggests that while opportunities exist, the market may be less competitive in terms of the sheer number of available professionals. Companies seeking these skills might find a smaller pool of local talent, potentially leading to a more direct recruitment process for specialized roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Corvallis, OR Business and Financial Operations Occupations Salary | $81,030↑ 5% | 10 mi |
| Salem, OR Business and Financial Operations Occupations Salary | $87,790↑ 14% | 21 mi |
| Eugene-Springfield, OR Business and Financial Operations Occupations Salary | $80,480↑ 4% | 39 mi |
| Coast Oregon nonmetropolitan area Business and Financial Operations Occupations Salary | $77,150↓ 0% | 51 mi |
| Eastern Oregon nonmetropolitan area Business and Financial Operations Occupations Salary | $79,520↑ 3% | 51 mi |
Comparing salaries near Albany, OR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Albany, OR?
The median annual salary for a Business and Financial Operations Occupations in Albany, OR is $77,170. This typically ranges from $47,060 for entry-level positions to $118,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany, OR is 18.4% lower than the national median of $94,590.
Is Albany, OR a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average salary.While the cost of living in Albany, OR is at the national average, the average salary for Business and Financial Operations Occupations is significantly lower than the national benchmark. This means your earning potential is reduced despite the equivalent cost of living.
Is Albany, OR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Albany, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany, OR?
Some top paying nearby cities include Corvallis, OR ($81,030) and Salem, OR.
How does Albany's salary for Business and Financial Operations compare to the national average?
The average annual salary in Albany, OR for these roles is $77,170, which is below the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Albany, OR?
Albany has a Location Quotient of 0.54, meaning the concentration of these jobs is about half of the national average.
How does the cost of living in Albany, OR affect the salary?
Albany's Cost of Living Index is 100, which is the national average. This means the $77,170 salary has the same purchasing power as the national average salary, despite being lower in nominal terms.
What is the size of the Business and Financial Operations workforce in Albany, OR?
The total local workforce for Business and Financial Operations Occupations in Albany, OR is approximately 1,650 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,650 employees in the Albany, OR area with a job density of 35.947 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, OR