Average Business and Financial Operations Occupations Salary in Buffalo-Cheektowaga, NY
In Buffalo-Cheektowaga, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,710. This figure is slightly below the national average of $94,590, indicating a localized compensation structure influenced by regional economic factors and industry demand within the state. While not reaching the national benchmark, the Buffalo market offers a competitive environment for these critical roles.
Executive Summary
- Average Salary: $87,710 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,170.
- Outlook: The Buffalo-Cheektowaga area supports a substantial workforce of 33,580 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.94, the concentration of these roles is nearly on par with the national average, suggesting a stable and established presence of these professions. The presence of over 63 jobs per 1,000 workers further underscores the consistent demand and integration of these roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Buffalo-Cheektowaga, NY earns-7.3%below the national average.
$42.2
$1,687
$7,309
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Buffalo'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 recovery, inflation, and increasing demand for financial expertise typically drive upward adjustments in compensation across most sectors, including this vital occupational group.
Business and Financial Operations Occupations Salary Distribution in Buffalo-Cheektowaga, NY
Salaries within Business and Financial Operations Occupations in Buffalo-Cheektowaga, NY, naturally scale with experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and extensive track records can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries reflects the value placed on expertise, leadership, and proven performance, signifying clear career progression pathways.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,380 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,783 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,950 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,638 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,170 | $64 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,710
Gross Pay
Real Wage (Purchasing Power)
$87,710
Adjusted for COL (100)
The average annual salary of $87,710 in Buffalo-Cheektowaga, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is directly comparable to the national standard, offering a stable financial foundation for residents without the added pressure of higher or lower living expenses.
Job Market Context
33,580
Total Jobs
63.131
Per 1K Jobs
0.94
Location Quotient
Buffalo-Cheektowaga, NY has 0.94x 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 0.94, the Buffalo-Cheektowaga market demonstrates a concentration of Business and Financial Operations Occupations that is very close to the national average. This suggests a balanced job market where demand and supply are relatively aligned, indicating a competitive but accessible environment for both employers seeking talent and professionals pursuing opportunities.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Business and Financial Operations Occupations Salary | $88,710↑ 1% | 65 mi |
| Erie, PA Business and Financial Operations Occupations Salary | $74,780↓ 15% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Buffalo-Cheektowaga, NY?
The median annual salary for a Business and Financial Operations Occupations in Buffalo-Cheektowaga, NY is $87,710. This typically ranges from $48,380 for entry-level positions to $133,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 7.3% lower than the national median of $94,590.
Is Buffalo-Cheektowaga, NY a lucrative place for Business and Financial Operations Occupationss?
Yes, with a caveat.While the average salary of $87,710 is slightly below the national average, the cost of living being exactly at the national average makes it a financially stable location. The robust workforce size and near-average concentration indicate consistent opportunities.
Is Buffalo-Cheektowaga, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($88,710) and Erie, PA.
How does Buffalo's salary compare to the national average for these roles?
The average salary in Buffalo-Cheektowaga, NY, for Business and Financial Operations Occupations is $87,710, which is approximately 7.3% lower than the national average of $94,590.
What is the significance of the Location Quotient (LQ) in Buffalo?
A Location Quotient of 0.94 indicates that Business and Financial Operations Occupations are slightly less concentrated in Buffalo-Cheektowaga compared to the national average. This suggests a market that is close to national norms in terms of job availability for these roles.
How does the cost of living affect the salary in Buffalo?
The cost of living in Buffalo-Cheektowaga is exactly at the national average (100). This means the $87,710 salary has the same purchasing power as the national average salary, making it a fair compensation relative to living expenses.
Is there strong demand for Business and Financial Operations jobs in Buffalo?
With 63.131 jobs per 1,000 workers and a total local workforce of 33,580 in these occupations, the demand is stable and integrated into the local economy, closely mirroring national employment patterns.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 33,580 employees in the Buffalo-Cheektowaga, NY area with a job density of 63.131 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 Buffalo-Cheektowaga, NY