Average Business and Financial Operations Occupations Salary in Arkansas
In Arkansas, professionals in Business and Financial Operations Occupations earn an average annual salary of $75,550. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry concentration within the state. The specific economic landscape and demand for these specialized roles in Arkansas contribute to this salary differential.
Executive Summary
- Average Salary: $75,550 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,250.
- Outlook: Arkansas boasts a substantial workforce of 67,500 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.78, the state shows a slightly lower concentration of these roles compared to the national average, indicating a stable but not overly saturated job market. The presence of over 52 jobs per 1,000 workers suggests consistent demand for these essential functions.
Salary Overview
The average Business and Financial Operations Occupations in Arkansas earns-20.1%below the national average.
$36.3
$1,453
$6,296
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Arkansas have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Arkansas
Salary progression within Business and Financial Operations Occupations in Arkansas typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while senior roles and specialized expertise command salaries in the higher percentiles. The widening gap between entry-level and senior compensation underscores clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,940 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,663 | $27.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,020 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,438 | $45.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,250 | $62.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,550
Gross Pay
Real Wage (Purchasing Power)
$83,666
Adjusted for COL (90.3)
The average annual salary of $75,550 in Arkansas presents a favorable financial picture when considered against the state's Cost of Living Index of 90.3. This index, being below the national average of 100, means that the nominal salary earned by professionals in this field offers a relatively strong purchasing power within the state, making it an attractive location for financial stability.
Job Market Context
67,500
Total Jobs
52.371
Per 1K Jobs
0.78
Location Quotient
Arkansas has 0.78x 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 0.78, the market for Business and Financial Operations Occupations in Arkansas is less concentrated than the national average. This suggests that while these roles are present and necessary, the competition might be less intense compared to more saturated regions, potentially offering more opportunities for skilled professionals to establish themselves.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Business and Financial Operations Occupations Salary | $72,730↓ 4% | 17 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↓ 12% | 51 mi |
Comparing salaries near Arkansas
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Arkansas?
The median annual salary for a Business and Financial Operations Occupations in Arkansas is $75,550. This typically ranges from $36,940 for entry-level positions to $130,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Arkansas is 20.1% lower than the national median of $94,590.
Is Arkansas a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.While Arkansas offers a lower cost of living which enhances purchasing power, the average salary of $75,550 is significantly below the national average of $94,590 for these roles.
Is Arkansas a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 90.3 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Arkansas?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($72,730) and Hot Springs, AR.
How does the cost of living in Arkansas affect the Business and Financial Operations salary?
Arkansas's Cost of Living Index of 90.3 (below the national average of 100) means that the $75,550 average salary provides greater purchasing power than it would in a higher cost-of-living state, partially offsetting the lower nominal wage.
What is the concentration of Business and Financial Operations jobs in Arkansas?
The Location Quotient of 0.78 indicates that Business and Financial Operations Occupations are slightly less concentrated in Arkansas compared to the national average, suggesting a moderate level of market saturation.
How many Business and Financial Operations jobs are there per 1,000 workers in Arkansas?
There are approximately 52.371 jobs per 1,000 workers in Business and Financial Operations Occupations in Arkansas, indicating a steady presence of these roles within the state's workforce.
What is the total workforce size for Business and Financial Operations Occupations in Arkansas?
The total local workforce for Business and Financial Operations Occupations in Arkansas comprises 67,500 individuals, reflecting a significant segment of the state's professional employment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 67,500 employees in the Arkansas area with a job density of 52.371 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 Arkansas