Average Business and Financial Operations Occupations Salary in Bloomington, IN
In Bloomington, IN, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,470. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation levels in this Midwestern city.
Executive Summary
- Average Salary: $79,470 per year.
- Growth Trend: Salaries have shifted 18.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,260.
- Outlook: Bloomington, IN hosts a workforce of 3,570 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.73, the concentration of these roles is slightly below the national average, indicating a moderate but not dominant presence in the local job market. The presence of 48.72 jobs per 1,000 workers suggests a steady demand for these professionals within the Bloomington economy.
Salary Overview
The average Business and Financial Operations Occupations in Bloomington, IN earns-16.0%below the national average.
$38.2
$1,528
$6,623
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 Bloomington, like in most markets, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for skilled professionals, and evolving industry needs, leading to higher average compensation over time.
Business and Financial Operations Occupations Salary Distribution in Bloomington, IN
Career progression within Business and Financial Operations Occupations in Bloomington, IN, is typically marked by increasing salary potential. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more. The percentile gaps in salary distribution underscore the substantial rewards associated with advancing through the ranks and acquiring expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,750 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,603 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,530 | $33.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,338 | $47.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,260 | $57.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,470
Gross Pay
Real Wage (Purchasing Power)
$79,470
Adjusted for COL (100)
The average annual salary of $79,470 in Bloomington, IN, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that while the pay is lower than the national average for this profession, the cost of living does not exacerbate the difference, providing a stable financial standing for residents.
Job Market Context
3,570
Total Jobs
48.72
Per 1K Jobs
0.73
Location Quotient
Bloomington, IN has 0.73x 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.
Bloomington, IN's Location Quotient of 0.73 for Business and Financial Operations Occupations indicates that these roles are somewhat less concentrated than the national average. This suggests that while the market is not saturated, there may be fewer specialized opportunities or a smaller pool of highly specialized roles compared to national hubs. However, a quotient below 1.0 does not necessarily imply a weak market, but rather a different scale of industry presence.
Nearby Job Markets
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Comparing salaries near Bloomington, IN
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Bloomington, IN?
The median annual salary for a Business and Financial Operations Occupations in Bloomington, IN is $79,470. This typically ranges from $45,750 for entry-level positions to $120,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IN is 16.0% lower than the national median of $94,590.
Is Bloomington, IN a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average.The average salary of $79,470 is below the national average of $94,590. However, the cost of living is at the national average, meaning the purchasing power of the local salary is comparable nationally.
Is Bloomington, IN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Bloomington, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IN?
Some top paying nearby cities include Columbus, IN ($79,720) and Indianapolis-Carmel-Greenwood, IN.
How does the Bloomington, IN salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Bloomington, IN is $79,470, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Bloomington, IN?
The Location Quotient for these roles in Bloomington, IN is 0.73, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Bloomington, IN affect the salary?
Bloomington, IN has a Cost of Living Index of 100, which is the national average. This means the $79,470 salary has the same purchasing power as the national average salary.
How many Business and Financial Operations professionals work in Bloomington, IN?
There are approximately 3,570 individuals employed in Business and Financial Operations Occupations in Bloomington, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,570 employees in the Bloomington, IN area with a job density of 48.72 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 Bloomington, IN