Average Business and Financial Operations Occupations Salary in Atlantic City-Hammonton, NJ
In Atlantic City-Hammonton, NJ, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,780. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially industry-specific demand influence compensation in this region. The cost of living in Atlantic City-Hammonton aligns perfectly with the national average, meaning the nominal salary's purchasing power is standard.
Executive Summary
- Average Salary: $85,780 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,820.
- Outlook: The Atlantic City-Hammonton area supports a local workforce of 6,090 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.54, this sector is less concentrated than the national average, indicating a potentially less saturated but also less specialized job market. The presence of 36.525 jobs per 1,000 workers suggests a steady, albeit not overwhelmingly robust, demand for these roles.
Salary Overview
The average Business and Financial Operations Occupations in Atlantic City-Hammonton, NJ earns-9.3%below the national average.
$41.2
$1,650
$7,148
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Atlantic City-Hammonton's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries within this sector have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Atlantic City-Hammonton, NJ
Salary progression within Business and Financial Operations Occupations is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect to earn considerably more, often reaching the higher percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on expertise and leadership in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,550 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,335 | $30.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,930 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,225 | $51.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,820 | $61.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,780
Gross Pay
Real Wage (Purchasing Power)
$85,780
Adjusted for COL (100)
The average annual salary of $85,780 in Atlantic City-Hammonton, NJ, is directly comparable to the national average in terms of purchasing power, as the local Cost of Living Index stands at 100. This means that the salary earned locally offers a standard level of affordability relative to the rest of the country, without the added financial pressure of a high cost of living or the benefit of a significantly lower one.
Job Market Context
6,090
Total Jobs
36.525
Per 1K Jobs
0.54
Location Quotient
Atlantic City-Hammonton, NJ has 0.54x 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 0.54, the Business and Financial Operations Occupations sector in Atlantic City-Hammonton is less concentrated than the national average. This suggests that while opportunities exist, the market may not be as competitive or as densely populated with specialized roles as in larger metropolitan areas. Employers might find a broader talent pool, but the specialized skill sets might be less readily available.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Vineland, NJ Business and Financial Operations Occupations Salary | $84,130↓ 2% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Business and Financial Operations Occupations Salary | $96,000↑ 12% | 55 mi |
| Sussex Delaware nonmetropolitan area Business and Financial Operations Occupations Salary | $79,070↓ 8% | 56 mi |
| Dover, DE Business and Financial Operations Occupations Salary | $77,890↓ 9% | 59 mi |
| Trenton-Princeton, NJ Business and Financial Operations Occupations Salary | $96,190↑ 12% | 61 mi |
Comparing salaries near Atlantic City-Hammonton, NJ
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Atlantic City-Hammonton, NJ?
The median annual salary for a Business and Financial Operations Occupations in Atlantic City-Hammonton, NJ is $85,780. This typically ranges from $48,550 for entry-level positions to $127,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Atlantic City-Hammonton, NJ is 9.3% lower than the national median of $94,590.
Is Atlantic City-Hammonton, NJ a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $85,780 is below the national average of $94,590, though the cost of living is on par. The lower concentration (LQ of 0.54) suggests a less robust market for these specific roles.
Is Atlantic City-Hammonton, NJ a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Atlantic City-Hammonton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Atlantic City-Hammonton, NJ?
Some top paying nearby cities include Vineland, NJ ($84,130) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does the Atlantic City-Hammonton salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Atlantic City-Hammonton is $85,780, which is lower than the national average of $94,590.
What is the Cost of Living in Atlantic City-Hammonton, NJ?
The Cost of Living Index in Atlantic City-Hammonton is 100, which is exactly the national average, indicating standard affordability.
How concentrated are Business and Financial Operations jobs in Atlantic City-Hammonton?
The concentration, measured by the Location Quotient, is 0.54, meaning these jobs are less common in Atlantic City-Hammonton than the national average.
What is the total workforce size for these occupations locally?
There are 6,090 individuals employed in Business and Financial Operations Occupations within the Atlantic City-Hammonton area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,090 employees in the Atlantic City-Hammonton, NJ area with a job density of 36.525 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 Atlantic City-Hammonton, NJ