Average Business and Financial Operations Occupations Salary in Amherst Town-Northampton, MA
In Amherst Town-Northampton, MA, professionals in Business and Financial Operations Occupations earn an average annual salary of $84,170. This figure is below the national average of $94,590, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $84,170 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,360.
- Outlook: With a local workforce of 4,090 individuals in Business and Financial Operations, and a Location Quotient of 0.87, the job market in Amherst Town-Northampton indicates a presence that is slightly less concentrated than the national average. This suggests a stable, though not exceptionally high, demand for these roles within the local economy, providing a solid base for employment opportunities.
Salary Overview
The average Business and Financial Operations Occupations in Amherst Town-Northampton, MA earns-11.0%below the national average.
$40.5
$1,619
$7,014
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Amherst Town-Northampton's Business and Financial Operations sector 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 increasing demand for specialized financial skills typically drive upward adjustments in compensation across most professional fields.
Business and Financial Operations Occupations Salary Distribution in Amherst Town-Northampton, MA
Salary progression within Business and Financial Operations roles in Amherst Town-Northampton is typically tied to experience and specialization. Entry-level positions might start closer to the lower end of the pay scale, while senior roles requiring extensive expertise and leadership command significantly higher salaries. The percentile gaps between these levels reflect the career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,930 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,128 | $30.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,780 | $37.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,213 | $50.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,360 | $61.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$84,170
Gross Pay
Real Wage (Purchasing Power)
$84,170
Adjusted for COL (100)
The average annual salary of $84,170 in Amherst Town-Northampton aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this town is equivalent to the national average, making it neither exceptionally expensive nor particularly affordable from a cost-of-living perspective.
Job Market Context
4,090
Total Jobs
58.264
Per 1K Jobs
0.87
Location Quotient
Amherst Town-Northampton, MA has 0.87x 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 0.87 for Business and Financial Operations Occupations in Amherst Town-Northampton signifies that this sector is slightly less prevalent than the national average. This suggests a moderately competitive job market where the supply of professionals is in reasonable balance with the demand, offering steady but not overly saturated career prospects.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Springfield, MA Business and Financial Operations Occupations Salary | $89,330↑ 6% | 18 mi |
| Worcester, MA Business and Financial Operations Occupations Salary | $91,380↑ 9% | 37 mi |
| Pittsfield, MA Business and Financial Operations Occupations Salary | $88,930↑ 6% | 38 mi |
| Hartford-West Hartford-East Hartford, CT Business and Financial Operations Occupations Salary | $95,020↑ 13% | 43 mi |
| Massachusetts nonmetropolitan area Business and Financial Operations Occupations Salary | $88,520↑ 5% | 52 mi |
Comparing salaries near Amherst Town-Northampton, MA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Amherst Town-Northampton, MA?
The median annual salary for a Business and Financial Operations Occupations in Amherst Town-Northampton, MA is $84,170. This typically ranges from $49,930 for entry-level positions to $127,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Amherst Town-Northampton, MA is 11.0% lower than the national median of $94,590.
Is Amherst Town-Northampton, MA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $84,170 is below the national average, although the cost of living is on par with the national average. This indicates that while your earnings will go as far as elsewhere, they are not as high as in many other regions.
Is Amherst Town-Northampton, MA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Amherst Town-Northampton, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Amherst Town-Northampton, MA?
Some top paying nearby cities include Springfield, MA ($89,330) and Worcester, MA.
How does the Amherst Town-Northampton salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Amherst Town-Northampton is $84,170, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Amherst Town-Northampton?
The Location Quotient of 0.87 indicates that Business and Financial Operations Occupations are slightly less concentrated in Amherst Town-Northampton compared to the national average.
How does the cost of living in Amherst Town-Northampton affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $84,170 salary has average purchasing power.
What is the total workforce size for these roles in Amherst Town-Northampton?
There are approximately 4,090 individuals employed in Business and Financial Operations Occupations within the Amherst Town-Northampton area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,090 employees in the Amherst Town-Northampton, MA area with a job density of 58.264 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 Amherst Town-Northampton, MA