In Bremerton-Silverdale-Port Orchard, WA, professionals in Business and Financial Operations Occupations earn an impressive average annual salary of $95,860. This figure slightly surpasses the national average of $94,590, indicating a robust local demand and potentially higher compensation expectations within this specific metropolitan area. The economic landscape and industry concentration in Bremerton-Silverdale-Port Orchard likely contribute to this favorable salary trend.
Executive Summary
- Average Salary: $95,860 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,080.
- Outlook: The Business and Financial Operations sector in Bremerton-Silverdale-Port Orchard is notably concentrated, with a Location Quotient of 1.17, suggesting a stronger presence than the national average. Coupled with a substantial local workforce of 7,340 individuals in these roles, this indicates a healthy and active job market. The density of these jobs, represented by 78.452 per 1,000 workers, points to consistent demand and opportunities for skilled professionals within the region.
Salary Overview
The average Business and Financial Operations Occupations in Bremerton-Silverdale-Port Orchard, WA earns+1.3%above the national average.
$46.1
$1,843
$7,988
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Business and Financial Operations salaries in Bremerton-Silverdale-Port Orchard have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial expertise typically drive salary increases in specialized sectors, suggesting a positive trajectory for compensation in this field within the region.
Business and Financial Operations Occupations Salary Distribution in Bremerton-Silverdale-Port Orchard, WA
Salary progression within Business and Financial Operations Occupations is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles, requiring extensive expertise and leadership, can yield substantially higher compensation. The widening gap between entry-level and senior-level salaries, often seen across different percentile distributions, clearly signifies a robust career ladder and the financial rewards associated with advancing through experience and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,720 | $27.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,895 | $34.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,120 | $45.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,825 | $57.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,080 | $64.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$95,860
Gross Pay
Real Wage (Purchasing Power)
$95,860
Adjusted for COL (100)
The average annual salary of $95,860 in Bremerton-Silverdale-Port Orchard aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial foundation for residents. While there are no immediate cost-of-living advantages or disadvantages, the competitive salary ensures a comfortable lifestyle relative to national standards.
Job Market Context
7,340
Total Jobs
78.452
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Bremerton-Silverdale-Port Orchard, WA has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.17, the Bremerton-Silverdale-Port Orchard area exhibits a higher concentration of Business and Financial Operations professionals than the national average. This suggests a specialized and potentially competitive market where employers may actively seek talent. The presence of more jobs per capita than the national average indicates a strong demand for these skills, making it a potentially advantageous location for job seekers in this field.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Bremerton-Silverdale-Port Orchard, WA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Bremerton-Silverdale-Port Orchard, WA?
The median annual salary for a Business and Financial Operations Occupations in Bremerton-Silverdale-Port Orchard, WA is $95,860. This typically ranges from $56,720 for entry-level positions to $135,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bremerton-Silverdale-Port Orchard, WA is 1.3% higher than the national median of $94,590.
Is Bremerton-Silverdale-Port Orchard, WA a lucrative place for Business and Financial Operations Occupationss?
Yes, it offers competitive compensation with a national average cost of living.The average salary of $95,860 slightly exceeds the national average, and the cost of living is exactly at the national average, indicating good earning potential.
Is Bremerton-Silverdale-Port Orchard, WA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Bremerton-Silverdale-Port Orchard, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bremerton-Silverdale-Port Orchard, WA?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($110,430) and Olympia-Lacey-Tumwater, WA.
How does the Bremerton-Silverdale-Port Orchard salary compare to the national average?
The average annual salary of $95,860 in Bremerton-Silverdale-Port Orchard is slightly higher than the national average of $94,590.
What is the significance of the Location Quotient in Bremerton-Silverdale-Port Orchard?
A Location Quotient of 1.17 indicates that Business and Financial Operations Occupations are more concentrated in this area than the national average, suggesting a strong local industry presence.
How does the cost of living affect the salary in Bremerton-Silverdale-Port Orchard?
With a Cost of Living Index of 100, the local salary's purchasing power is equivalent to the national average, meaning your earnings will go as far as they would nationally.
What does the job density (jobs per 1,000 workers) tell us about the market?
The figure of 78.452 jobs per 1,000 workers signifies a substantial presence of Business and Financial Operations roles relative to the overall workforce in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,340 employees in the Bremerton-Silverdale-Port Orchard, WA area with a job density of 78.452 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 Bremerton-Silverdale-Port Orchard, WA