Average Business and Financial Operations Occupations Salary in Ann Arbor, MI
In Ann Arbor, MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,710. This figure is slightly below the national average of $94,590, a common occurrence in areas with a cost of living that matches the national benchmark. Local economic factors and industry demand within Ann Arbor contribute to this specific compensation level.
Executive Summary
- Average Salary: $87,710 per year.
- Growth Trend: Salaries have shifted 16.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,510.
- Outlook: Ann Arbor supports a substantial workforce of 12,060 individuals within Business and Financial Operations Occupations. The location quotient of 0.82 suggests a concentration slightly below the national average, indicating a healthy but not overly saturated market. With 55.356 jobs per 1,000 workers, the demand for these roles remains consistent, pointing to a stable job market.
Salary Overview
The average Business and Financial Operations Occupations in Ann Arbor, MI earns-7.3%below the national average.
$42.2
$1,687
$7,309
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 Ann Arbor have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for specialized financial and operational expertise typically drive upward salary adjustments in most metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Ann Arbor, MI
Salary progression within Business and Financial Operations Occupations in Ann Arbor is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership can earn considerably more. The percentile gaps between entry-level and senior positions highlight the substantial career growth and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,950 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,783 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,520 | $38.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,638 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,510 | $62.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,710
Gross Pay
Real Wage (Purchasing Power)
$87,710
Adjusted for COL (100)
The average annual salary of $87,710 in Ann Arbor, MI, aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is below the national average, the purchasing power of that salary is effectively on par with the national standard. Residents can expect their income to cover expenses at a rate comparable to the rest of the country.
Job Market Context
12,060
Total Jobs
55.356
Per 1K Jobs
0.82
Location Quotient
Ann Arbor, MI has 0.82x 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.
With a location quotient of 0.82, Ann Arbor's market for Business and Financial Operations Occupations is slightly less concentrated than the national average. This suggests that while the field is well-represented, there isn't an overwhelming surplus of professionals compared to other regions. This balance can translate to a competitive job market where skilled individuals have good opportunities for employment.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Business and Financial Operations Occupations Salary | $84,340↓ 4% | 31 mi |
| Jackson, MI Business and Financial Operations Occupations Salary | $77,580↓ 12% | 34 mi |
| Detroit-Warren-Dearborn, MI Business and Financial Operations Occupations Salary | $89,810↑ 2% | 35 mi |
| Toledo, OH Business and Financial Operations Occupations Salary | $80,450↓ 8% | 43 mi |
| Flint, MI Business and Financial Operations Occupations Salary | $76,360↓ 13% | 52 mi |
Comparing salaries near Ann Arbor, MI
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Ann Arbor, MI?
The median annual salary for a Business and Financial Operations Occupations in Ann Arbor, MI is $87,710. This typically ranges from $47,950 for entry-level positions to $130,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ann Arbor, MI is 7.3% lower than the national median of $94,590.
Is Ann Arbor, MI a lucrative place for Business and Financial Operations Occupationss?
No, but it offers comparable purchasing power.The average salary of $87,710 is below the national average, but with a cost of living index of 100, your earnings will have the same purchasing power as the national average.
Is Ann Arbor, MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Ann Arbor, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ann Arbor, MI?
Some top paying nearby cities include Monroe, MI ($84,340) and Jackson, MI.
How does Ann Arbor's salary compare to the national average for this field?
The average salary in Ann Arbor for Business and Financial Operations Occupations is $87,710, which is approximately $6,880 less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Ann Arbor?
Ann Arbor has a location quotient of 0.82 for these occupations, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Ann Arbor affect salary perception?
Ann Arbor's cost of living is exactly at the national average (100), meaning the $87,710 salary offers purchasing power equivalent to the national average salary.
What is the total workforce size for these roles in Ann Arbor?
There are 12,060 individuals employed in Business and Financial Operations Occupations in Ann Arbor, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,060 employees in the Ann Arbor, MI area with a job density of 55.356 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 Ann Arbor, MI