Average Business and Financial Operations Occupations Salary in Altoona, PA
In Altoona, PA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $74,010. This figure is notably below the national average of $94,590, reflecting regional economic factors and demand specific to the Altoona market. The local economic landscape and industry concentration directly influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $74,010 per year.
- Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,030.
- Outlook: Altoona, PA supports a local workforce of 2,350 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.6, the concentration of these roles is below the national average, suggesting a market that is not oversaturated but perhaps less specialized than larger metropolitan areas. The presence of approximately 40.45 jobs per 1,000 workers indicates a steady, albeit not booming, demand for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Altoona, PA earns-21.8%below the national average.
$35.6
$1,423
$6,168
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Altoona's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation, even in smaller markets. This suggests that the $74,010 average may see modest upward movement in the coming years.
Business and Financial Operations Occupations Salary Distribution in Altoona, PA
Salary progression within Business and Financial Operations Occupations in Altoona, PA, typically follows a predictable trajectory from entry-level to senior positions. While specific percentile data is unavailable, it's understood that early-career professionals will earn at the lower end of the spectrum, with significant salary increases accompanying the acquisition of experience, specialized skills, and leadership responsibilities. The widening gap between entry-level and senior roles signifies substantial career growth potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,600 | $20 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,508 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,450 | $31.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,513 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,030 | $54.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,010
Gross Pay
Real Wage (Purchasing Power)
$74,010
Adjusted for COL (100)
The average annual salary of $74,010 in Altoona, PA, 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 that income is equivalent to the national standard. Residents can expect their earnings to cover essential expenses and discretionary spending at a rate comparable to the rest of the country, making the lower nominal salary less impactful on their lifestyle.
Job Market Context
2,350
Total Jobs
40.453
Per 1K Jobs
0.6
Location Quotient
Altoona, PA has 0.60x 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.
A Location Quotient of 0.6 for Business and Financial Operations Occupations in Altoona, PA, indicates that these roles are less concentrated locally compared to the national average. This suggests that while opportunities exist, the market may be less competitive than in areas with a higher concentration of these professionals. Employers might have a broader talent pool to draw from, but specialized roles could be harder to fill, potentially leading to negotiation leverage for experienced candidates.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Johnstown, PA Business and Financial Operations Occupations Salary | $70,750↓ 4% | 30 mi |
| State College, PA Business and Financial Operations Occupations Salary | $79,320↑ 7% | 35 mi |
| Chambersburg, PA Business and Financial Operations Occupations Salary | $80,640↑ 9% | 56 mi |
| Hagerstown-Martinsburg, MD-WV Business and Financial Operations Occupations Salary | $86,380↑ 17% | 70 mi |
| Gettysburg, PA Business and Financial Operations Occupations Salary | $77,300↑ 4% | 77 mi |
Comparing salaries near Altoona, PA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Altoona, PA?
The median annual salary for a Business and Financial Operations Occupations in Altoona, PA is $74,010. This typically ranges from $41,600 for entry-level positions to $113,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Altoona, PA is 21.8% lower than the national median of $94,590.
Is Altoona, PA a lucrative place for Business and Financial Operations Occupationss?
No, not more lucrative than the national average.While the Cost of Living is at the national average, the average salary of $74,010 is significantly lower than the national average of $94,590 for these roles.
Is Altoona, PA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Altoona, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Altoona, PA?
Some top paying nearby cities include Johnstown, PA ($70,750) and State College, PA.
What is the average salary for Business and Financial Operations Occupations in Altoona, PA?
The average annual salary for Business and Financial Operations Occupations in Altoona, PA is $74,010.
How does Altoona's salary compare to the national average?
The average salary in Altoona ($74,010) is lower than the national average ($94,590) for Business and Financial Operations Occupations.
What is the Cost of Living in Altoona, PA?
Altoona, PA has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Altoona?
The concentration of Business and Financial Operations jobs in Altoona, as indicated by a Location Quotient of 0.6, is below the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,350 employees in the Altoona, PA area with a job density of 40.453 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 Altoona, PA