Average Business and Financial Operations Occupations Salary in Birmingham, AL
In Birmingham, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,260. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a lower cost of living influence compensation in this region.
Executive Summary
- Average Salary: $82,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,920.
- Outlook: Birmingham hosts a substantial workforce of 30,340 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.87, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally concentrated job market. The presence of approximately 58.59 jobs per 1,000 workers suggests a consistent demand for these essential business functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Birmingham, AL earns-13.0%below the national average.
$39.6
$1,582
$6,855
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Birmingham's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic expansion and evolving industry demands typically drive upward adjustments in compensation for skilled professionals in finance and business operations.
Business and Financial Operations Occupations Salary Distribution in Birmingham, AL
Within the Business and Financial Operations Occupations sector in Birmingham, salary progression is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect significantly higher earnings. The widening gap between the lower and upper salary percentiles reflects the substantial career advancement opportunities and increased earning potential available as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,880 | $21.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,695 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,090 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,825 | $49.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,920 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,260
Gross Pay
Real Wage (Purchasing Power)
$82,260
Adjusted for COL (100)
The average annual salary of $82,260 in Birmingham, AL, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a balanced financial landscape for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
30,340
Total Jobs
58.586
Per 1K Jobs
0.87
Location Quotient
Birmingham, AL 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.
With a Location Quotient of 0.87, Birmingham's market for Business and Financial Operations Occupations is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the market is not saturated, potentially offering good opportunities for skilled professionals without facing intense competition from a disproportionately large pool of similar candidates.
Nearby Job Markets
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Comparing salaries near Birmingham, AL
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Birmingham, AL?
The median annual salary for a Business and Financial Operations Occupations in Birmingham, AL is $82,260. This typically ranges from $44,880 for entry-level positions to $126,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Birmingham, AL is 13.0% lower than the national median of $94,590.
Is Birmingham, AL a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to the national average.The average salary of $82,260 is below the national average of $94,590. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Birmingham, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Birmingham, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Birmingham, AL?
Some top paying nearby cities include Tuscaloosa, AL ($78,230) and Northeast Alabama nonmetropolitan area.
How does Birmingham's salary for this field compare to the national average?
The average salary in Birmingham, AL ($82,260) is approximately 13% lower than the national average ($94,590) for Business and Financial Operations Occupations.
What is the significance of the Location Quotient (LQ) in Birmingham?
An LQ of 0.87 indicates that Business and Financial Operations Occupations are slightly less prevalent in Birmingham compared to the national average. This suggests a stable job market that isn't overly saturated.
Does the cost of living in Birmingham affect the perceived value of the salary?
No, the cost of living in Birmingham is exactly at the national average (100). This means the $82,260 salary has the same purchasing power as the national average salary would in a national-average cost-of-living area.
How many Business and Financial Operations jobs are there per 1,000 workers in Birmingham?
There are approximately 58.59 jobs per 1,000 workers in Business and Financial Operations Occupations in Birmingham, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30,340 employees in the Birmingham, AL area with a job density of 58.586 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 Birmingham, AL