Average Business and Financial Operations Occupations Salary in Canton-Massillon, OH
In Canton-Massillon, OH, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,280. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the area. The local compensation structure is influenced by the concentration of these roles and the overall economic landscape of the Canton-Massillon region.
Executive Summary
- Average Salary: $74,280 per year.
- Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,640.
- Outlook: The Canton-Massillon area supports a local workforce of 7,100 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.64, these roles are less concentrated than the national average, suggesting a moderate but stable demand. The presence of nearly 43 jobs per 1,000 workers indicates a consistent need for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Canton-Massillon, OH earns-21.5%below the national average.
$35.7
$1,428
$6,190
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Canton-Massillon's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries in this sector have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Canton-Massillon, OH
Salary progression for Business and Financial Operations Occupations in Canton-Massillon, as elsewhere, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,960 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,710 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,160 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,850 | $44.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,640 | $55.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,280
Gross Pay
Real Wage (Purchasing Power)
$74,280
Adjusted for COL (100)
The average annual salary of $74,280 in Canton-Massillon aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
7,100
Total Jobs
42.968
Per 1K Jobs
0.64
Location Quotient
Canton-Massillon, OH has 0.64x 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 0.64 indicates that Business and Financial Operations Occupations are less prevalent in Canton-Massillon compared to the national average. This suggests that while the market is not oversaturated, the demand might be more specialized, and job seekers may face a moderately competitive landscape, requiring targeted skill sets to secure positions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Business and Financial Operations Occupations Salary | $80,650↑ 9% | 20 mi |
| Youngstown-Warren, OH Business and Financial Operations Occupations Salary | $73,120↓ 2% | 43 mi |
| Cleveland, OH Business and Financial Operations Occupations Salary | $84,290↑ 13% | 49 mi |
| Weirton-Steubenville, WV-OH Business and Financial Operations Occupations Salary | $69,490↓ 6% | 50 mi |
| Mansfield, OH Business and Financial Operations Occupations Salary | $72,960↓ 2% | 61 mi |
Comparing salaries near Canton-Massillon, OH
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Canton-Massillon, OH?
The median annual salary for a Business and Financial Operations Occupations in Canton-Massillon, OH is $74,280. This typically ranges from $38,960 for entry-level positions to $115,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Canton-Massillon, OH is 21.5% lower than the national median of $94,590.
Is Canton-Massillon, OH a lucrative place for Business and Financial Operations Occupationss?
No, not as lucrative as the national average.While the average salary of $74,280 is stable with a cost of living at the national average, it falls significantly short of the national average salary for these roles.
Is Canton-Massillon, OH a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Canton-Massillon, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Canton-Massillon, OH?
Some top paying nearby cities include Akron, OH ($80,650) and Youngstown-Warren, OH.
What is the average salary for Business and Financial Operations Occupations in Canton-Massillon, OH?
The average annual salary for Business and Financial Operations Occupations in Canton-Massillon, OH is $74,280.
How does Canton-Massillon's salary compare to the national average?
The average salary in Canton-Massillon ($74,280) is lower than the national average ($94,590) for Business and Financial Operations Occupations.
What is the Cost of Living in Canton-Massillon, OH?
The Cost of Living Index in Canton-Massillon, OH is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Canton-Massillon?
These occupations are less concentrated in Canton-Massillon than the national average, with a Location Quotient of 0.64.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,100 employees in the Canton-Massillon, OH area with a job density of 42.968 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 Canton-Massillon, OH