Average Business and Financial Operations Occupations Salary in Arizona
In Arizona, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,600. This figure is notably below the national average of $94,590, suggesting that while the state offers significant opportunities, compensation may be influenced by regional economic factors and the specific industry mix within the state. The substantial local workforce of 223,150 individuals also plays a role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $85,600 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,290.
- Outlook: Arizona's market for Business and Financial Operations roles appears robust, as indicated by a Location Quotient of 1.04, slightly above the national average. This suggests a concentration of these jobs in the state, implying a healthy demand that aligns with or slightly exceeds national trends. With 69.807 jobs per 1,000 workers, the sheer volume of employment in this sector underscores its importance to Arizona's economy and workforce.
Salary Overview
The average Business and Financial Operations Occupations in Arizona earns-9.5%below the national average.
$41.2
$1,646
$7,133
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 roles in Arizona have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing demand for financial expertise, evolving business landscapes, and the need for skilled professionals to navigate complex economic environments. Such upward salary trends are a positive indicator for career longevity and earning potential within the state.
Business and Financial Operations Occupations Salary Distribution in Arizona
Within Business and Financial Operations, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills in areas like financial analysis, accounting, or strategic planning can see their earnings increase significantly. The widening gap between entry-level and senior-level salaries, often observed through percentile data, clearly signifies substantial career advancement and earning potential for those who develop expertise and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,840 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,200 | $30.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,270 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,000 | $51.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,290 | $64.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,600
Gross Pay
Real Wage (Purchasing Power)
$80,451
Adjusted for COL (106.4)
Arizona's average salary of $85,600 for Business and Financial Operations roles must be considered in light of its Cost of Living Index of 106.4. This index indicates that living expenses in Arizona are approximately 6.4% higher than the national average. Consequently, the purchasing power of the $85,600 salary is somewhat diminished when compared to areas with a lower cost of living, suggesting that while the nominal salary is substantial, the real disposable income may be closer to or slightly below national averages.
Job Market Context
223,150
Total Jobs
69.807
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Arizona has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
The Location Quotient of 1.04 for Business and Financial Operations Occupations in Arizona signifies a job market that is slightly more concentrated than the national average. This indicates a healthy presence and demand for these roles within the state, suggesting that the market is competitive but also offers ample opportunities for skilled professionals. A LQ just above 1.0 implies that Arizona is a favorable, if not slightly more specialized, location for these careers compared to the rest of the United States.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Phoenix-Mesa-Chandler, AZ Business and Financial Operations Occupations Salary | $87,470↑ 2% | 39 mi |
| Prescott Valley-Prescott, AZ Business and Financial Operations Occupations Salary | $74,580↓ 13% | 79 mi |
Comparing salaries near Arizona
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Arizona?
The median annual salary for a Business and Financial Operations Occupations in Arizona is $85,600. This typically ranges from $45,840 for entry-level positions to $133,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Arizona is 9.5% lower than the national median of $94,590.
Is Arizona a lucrative place for Business and Financial Operations Occupationss?
Yes, with caveats.Arizona offers a slightly higher concentration of these jobs than the national average, indicating good demand. However, the average salary is below the national average, and the cost of living is higher, which impacts overall lucrativeness.
Is Arizona a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Arizona is 106.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Arizona?
Some top paying nearby cities include Phoenix-Mesa-Chandler, AZ ($87,470) and Prescott Valley-Prescott, AZ.
How does Arizona's average salary compare to the national average for this field?
The average annual salary in Arizona for Business and Financial Operations Occupations is $85,600, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Arizona?
Arizona has a Location Quotient of 1.04 for these occupations, meaning the jobs are slightly more concentrated in the state than the national average, indicating a healthy market presence.
How does the cost of living in Arizona affect the salary?
With a Cost of Living Index of 106.4, Arizona is more expensive than the national average. This means the $85,600 salary may have less purchasing power than a similar salary in a lower-cost-of-living area.
What is the total workforce size for Business and Financial Operations in Arizona?
The total local workforce for Business and Financial Operations Occupations in Arizona is 223,150 individuals, reflecting a significant employment sector within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 223,150 employees in the Arizona area with a job density of 69.807 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 Arizona