Average Business and Financial Operations Occupations Salary in Albuquerque, NM
In Albuquerque, NM, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,950. This figure is slightly below the national average of $94,590, indicating a localized compensation structure influenced by regional economic factors and industry demand within the state. The cost of living in Albuquerque aligns perfectly with the national average, making this salary's purchasing power comparable to the national standard.
Executive Summary
- Average Salary: $85,950 per year.
- Growth Trend: Salaries have shifted 16.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,380.
- Outlook: Albuquerque supports a substantial workforce of 24,310 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.9, the concentration of these roles is nearly on par with the national average, suggesting a stable and established presence of these professions. The presence of approximately 60.594 jobs per 1,000 workers indicates a consistent demand for skilled professionals in this sector within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Albuquerque, NM earns-9.1%below the national average.
$41.3
$1,653
$7,163
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 Albuquerque have experienced growth over the past four years, mirroring national trends. Economic development, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments in most metropolitan areas, including Albuquerque.
Business and Financial Operations Occupations Salary Distribution in Albuquerque, NM
The salary landscape for Business and Financial Operations Occupations in Albuquerque shows significant variation based on experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive expertise and specialized skills can command salaries in the higher percentiles. These percentile gaps are a clear indicator of career progression and the increasing value placed on experience and advanced capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,280 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,463 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,920 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,438 | $51.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,380 | $63.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,950
Gross Pay
Real Wage (Purchasing Power)
$85,950
Adjusted for COL (100)
With an average annual salary of $85,950 and a Cost of Living Index of 100, the nominal salary in Albuquerque holds its value precisely at the national average. This means that the purchasing power of an Albuquerque-based salary for these roles is equivalent to what one would expect nationally, offering stability for those considering relocation.
Job Market Context
24,310
Total Jobs
60.594
Per 1K Jobs
0.9
Location Quotient
Albuquerque, NM has 0.90x 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.
The Location Quotient of 0.9 for Business and Financial Operations Occupations in Albuquerque suggests a job market that is closely aligned with national employment patterns. While not significantly over-represented, the presence of these roles at a near-average concentration indicates a healthy and competitive market, with opportunities available but not necessarily saturated.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Business and Financial Operations Occupations Salary | $78,680↓ 8% | 29 mi |
| Northern New Mexico nonmetropolitan area Business and Financial Operations Occupations Salary | $93,830↑ 9% | 29 mi |
| Santa Fe, NM Business and Financial Operations Occupations Salary | $73,950↓ 14% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Albuquerque, NM?
The median annual salary for a Business and Financial Operations Occupations in Albuquerque, NM is $85,950. This typically ranges from $47,280 for entry-level positions to $132,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 9.1% lower than the national median of $94,590.
Is Albuquerque, NM a lucrative place for Business and Financial Operations Occupationss?
No, not significantly more lucrative than the national average.While the average salary of $85,950 is substantial, it falls below the national average of $94,590. However, the cost of living also matches the national average, meaning the purchasing power is comparable.
Is Albuquerque, NM a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($78,680) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's salary for Business and Financial Operations compare to the national average?
The average annual salary in Albuquerque is $85,950, which is approximately 9.1% lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Albuquerque?
Albuquerque has a Location Quotient of 0.9 for these occupations, indicating that the concentration of these jobs is slightly below the national average.
How does the cost of living in Albuquerque affect salary perception?
Albuquerque's Cost of Living Index is 100, which is the national average. This means that the $85,950 salary has the same purchasing power as the national average salary.
What does the job market size suggest for Business and Financial Operations roles in Albuquerque?
With a total local workforce of 24,310 in this sector and 60.594 jobs per 1,000 workers, the market indicates a solid presence and consistent demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 24,310 employees in the Albuquerque, NM area with a job density of 60.594 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Albuquerque, NM
- All Occupations Salary in Albuquerque, NM
- Office and Administrative Support Occupations Salary in Albuquerque, NM
- Food Preparation and Serving Related Occupations Salary in Albuquerque, NM
- Sales and Related Occupations Salary in Albuquerque, NM
- Transportation and Material Moving Occupations Salary in Albuquerque, NM
- Healthcare Practitioners and Technical Occupations Salary in Albuquerque, NM
- Healthcare Support Occupations Salary in Albuquerque, NM
- Business and Financial Operations Occupations Salary in Albuquerque, NM
- Management Occupations Salary in Albuquerque, NM
- Construction and Extraction Occupations Salary in Albuquerque, NM
- Browse All Jobs in Albuquerque, NM →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM