In Blacksburg-Christiansburg-Radford, VA, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,970. This figure is notably below the national average of $94,590, suggesting localized economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape and the concentration of businesses requiring these critical functions likely influence the prevailing salary benchmarks.
Executive Summary
- Average Salary: $78,970 per year.
- Growth Trend: Salaries have shifted 8.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,800.
- Outlook: The Blacksburg-Christiansburg-Radford area supports a local workforce of 3,370 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.67, this sector is less concentrated than the national average, indicating a potentially less saturated but perhaps more specialized job market. The presence of 45.245 jobs per 1,000 workers suggests a steady, albeit not overwhelmingly robust, demand for these essential roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Blacksburg-Christiansburg-Radford, VA earns-16.5%below the national average.
$38
$1,519
$6,581
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this locality isn't provided, it's reasonable to assume that salaries for Business and Financial Operations Occupations in Blacksburg-Christiansburg-Radford have experienced gradual growth over the past four years, mirroring national trends. Economic development, evolving business needs, and inflation typically drive incremental increases in compensation, reflecting a dynamic job market adapting to changing economic conditions.
Business and Financial Operations Occupations Salary Distribution in Blacksburg-Christiansburg-Radford, VA
Career progression within Business and Financial Operations Occupations typically leads to significant salary increases. Entry-level positions often start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities for dedicated individuals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,930 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,228 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,310 | $34.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,713 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,800 | $59.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,970
Gross Pay
Real Wage (Purchasing Power)
$78,970
Adjusted for COL (100)
The average annual salary of $78,970 in Blacksburg-Christiansburg-Radford aligns precisely with the national average cost of living, which is indexed at 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income locally is comparable to the national standard. Therefore, relocating professionals should expect their earnings to maintain a similar standard of living in terms of expenses.
Job Market Context
3,370
Total Jobs
45.245
Per 1K Jobs
0.67
Location Quotient
Blacksburg-Christiansburg-Radford, VA has 0.67x 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.
A Location Quotient of 0.67 for Business and Financial Operations Occupations in Blacksburg-Christiansburg-Radford indicates that this sector is less prevalent locally compared to the national average. This suggests that while opportunities exist, the market may be less competitive than in highly concentrated areas, potentially offering a more stable environment for those already established. However, it also implies that the sheer volume of available positions might be lower than in national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Roanoke, VA Business and Financial Operations Occupations Salary | $76,580↓ 3% | 26 mi |
| Beckley, WV Business and Financial Operations Occupations Salary | $72,270↓ 8% | 57 mi |
| Lynchburg, VA Business and Financial Operations Occupations Salary | $78,780↓ 0% | 69 mi |
| Winston-Salem, NC Business and Financial Operations Occupations Salary | $83,340↑ 6% | 79 mi |
| Greensboro-High Point, NC Business and Financial Operations Occupations Salary | $81,620↑ 3% | 85 mi |
Comparing salaries near Blacksburg-Christiansburg-Radford, VA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Blacksburg-Christiansburg-Radford, VA?
The median annual salary for a Business and Financial Operations Occupations in Blacksburg-Christiansburg-Radford, VA is $78,970. This typically ranges from $45,930 for entry-level positions to $123,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Blacksburg-Christiansburg-Radford, VA is 16.5% lower than the national median of $94,590.
Is Blacksburg-Christiansburg-Radford, VA a lucrative place for Business and Financial Operations Occupationss?
No, not more lucrative than the national average.The average salary of $78,970 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Blacksburg-Christiansburg-Radford, VA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Blacksburg-Christiansburg-Radford, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Blacksburg-Christiansburg-Radford, VA?
Some top paying nearby cities include Roanoke, VA ($76,580) and Beckley, WV.
How does the local salary compare to the national average for Business and Financial Operations Occupations?
The average annual salary in Blacksburg-Christiansburg-Radford, VA is $78,970, which is lower than the national average of $94,590.
What is the cost of living in Blacksburg-Christiansburg-Radford, VA compared to the national average?
The cost of living in Blacksburg-Christiansburg-Radford, VA is exactly at the national average, with an index of 100.
How concentrated are Business and Financial Operations jobs in this area?
The concentration, measured by the Location Quotient, is 0.67, indicating a lower presence of these roles compared to the national average.
What is the total workforce size for these occupations locally?
There are 3,370 individuals employed in Business and Financial Operations Occupations in the Blacksburg-Christiansburg-Radford, VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,370 employees in the Blacksburg-Christiansburg-Radford, VA area with a job density of 45.245 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 Blacksburg-Christiansburg-Radford, VA