Average Business and Financial Operations Occupations Salary in Bismarck, ND
In Bismarck, North Dakota, professionals in Business and Financial Operations Occupations can expect an average annual salary of $80,000. This figure is notably below the national average of $94,590, reflecting the specific economic dynamics and demand within the Bismarck metropolitan area. Local industry needs and the overall economic structure of North Dakota play a significant role in shaping compensation for these vital roles.
Executive Summary
- Average Salary: $80,000 per year.
- Growth Trend: Salaries have shifted 10.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,490.
- Outlook: Bismarck's market for Business and Financial Operations Occupations is supported by a local workforce of 3,800 individuals. The location quotient of 0.81 suggests a concentration slightly below the national average, indicating a stable but not overly saturated job market. With 54.237 jobs per 1,000 workers, the demand is consistent, offering a solid employment landscape for professionals in this sector.
Salary Overview
The average Business and Financial Operations Occupations in Bismarck, ND earns-15.4%below the national average.
$38.5
$1,538
$6,667
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 Bismarck have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical as businesses adapt to evolving market conditions and seek to retain skilled talent in a competitive environment.
Business and Financial Operations Occupations Salary Distribution in Bismarck, ND
Compensation within Business and Financial Operations Occupations in Bismarck, like elsewhere, typically scales with experience. Entry-level positions will naturally command lower salaries, while senior roles, requiring extensive expertise and leadership, will see significantly higher earnings. The percentile gaps between junior and senior roles highlight the substantial career progression and earning potential available to dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,170 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,000 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,660 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,000 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,490 | $57 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$80,000
Gross Pay
Real Wage (Purchasing Power)
$80,000
Adjusted for COL (100)
An average annual salary of $80,000 in Bismarck aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of an $80,000 salary in Bismarck is equivalent to the national average, offering a stable financial foundation for residents without the added pressure of higher living expenses.
Job Market Context
3,800
Total Jobs
54.237
Per 1K Jobs
0.81
Location Quotient
Bismarck, ND has 0.81x 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.
The location quotient of 0.81 for Business and Financial Operations Occupations in Bismarck suggests that this sector is slightly less concentrated than the national average. This indicates a healthy demand relative to the available workforce, implying that skilled professionals may find a competitive job market with opportunities for growth, rather than an oversaturated environment.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Business and Financial Operations Occupations Salary | $86,670↑ 8% | 68 mi |
| East North Dakota nonmetropolitan area Business and Financial Operations Occupations Salary | $77,790↓ 3% | 68 mi |
Comparing salaries near Bismarck, ND
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Bismarck, ND?
The median annual salary for a Business and Financial Operations Occupations in Bismarck, ND is $80,000. This typically ranges from $50,170 for entry-level positions to $118,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bismarck, ND is 15.4% lower than the national median of $94,590.
Is Bismarck, ND a lucrative place for Business and Financial Operations Occupations?
No, not more lucrative than the national average.While the average salary of $80,000 is substantial, it falls below the national average of $94,590. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Bismarck, ND a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Bismarck, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bismarck, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($86,670) and East North Dakota nonmetropolitan area.
How does Bismarck's salary for Business and Financial Operations compare to the national average?
The average annual salary in Bismarck for these roles is $80,000, which is less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Bismarck?
Bismarck has a location quotient of 0.81, meaning the concentration of these jobs is slightly below the national average.
How does the cost of living in Bismarck affect the salary?
Bismarck's cost of living index is 100, which is the national average. This means an $80,000 salary in Bismarck has the same purchasing power as the national average salary.
What is the total workforce size for Business and Financial Operations in Bismarck?
There are approximately 3,800 individuals employed in Business and Financial Operations Occupations in Bismarck.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,800 employees in the Bismarck, ND area with a job density of 54.237 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 Bismarck, ND