Average Business and Financial Operations Occupations Salary in Cape Girardeau, MO-IL
In Cape Girardeau, MO-IL, professionals in Business and Financial Operations Occupations can expect an average annual salary of $70,130. This figure is notably below the national average of $94,590, reflecting the localized economic dynamics and demand specific to this region. Factors such as industry concentration and the overall economic landscape of Cape Girardeau contribute to this pay differential.
Executive Summary
- Average Salary: $70,130 per year.
- Growth Trend: Salaries have shifted 13.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,850.
- Outlook: The Business and Financial Operations sector in Cape Girardeau, MO-IL, comprises a workforce of 1,690 individuals. With a Location Quotient of 0.56, the concentration of these roles is below the national average, suggesting a less saturated market compared to national benchmarks. The presence of approximately 37.675 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these critical functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Cape Girardeau, MO-IL earns-25.9%below the national average.
$33.7
$1,349
$5,844
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Cape Girardeau's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Such growth is typically driven by inflation, increasing demand for skilled professionals, and evolving industry standards, leading to incremental salary increases for those in these roles.
Business and Financial Operations Occupations Salary Distribution in Cape Girardeau, MO-IL
Within the Business and Financial Operations field in Cape Girardeau, salary progression is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can significantly increase their earning potential. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, clearly signifies opportunities for career advancement and substantial income growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,180 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,598 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,870 | $29.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,663 | $42.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,850 | $52.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$70,130
Gross Pay
Real Wage (Purchasing Power)
$70,130
Adjusted for COL (100)
The average annual salary of $70,130 in Cape Girardeau, MO-IL, 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 equivalent to the national standard, offering a stable financial environment for residents. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay effectively meets the average American's expenses.
Job Market Context
1,690
Total Jobs
37.675
Per 1K Jobs
0.56
Location Quotient
Cape Girardeau, MO-IL has 0.56x 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 0.56 for Business and Financial Operations Occupations in Cape Girardeau, MO-IL, indicates that this sector is less concentrated than the national average. This suggests that while opportunities exist, the market is not saturated with professionals in these roles. Employers may find it moderately competitive to attract top talent, while job seekers might face a less crowded field compared to more heavily concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Paducah, KY-IL Business and Financial Operations Occupations Salary | $72,400↑ 3% | 53 mi |
| St. Louis, MO-IL Business and Financial Operations Occupations Salary | $87,660↑ 25% | 97 mi |
Comparing salaries near Cape Girardeau, MO-IL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Cape Girardeau, MO-IL?
The median annual salary for a Business and Financial Operations Occupations in Cape Girardeau, MO-IL is $70,130. This typically ranges from $38,180 for entry-level positions to $108,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cape Girardeau, MO-IL is 25.9% lower than the national median of $94,590.
Is Cape Girardeau, MO-IL a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered exceptionally lucrative compared to national averages.The average salary of $70,130 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Cape Girardeau, MO-IL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Cape Girardeau, MO-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cape Girardeau, MO-IL?
Some top paying nearby cities include Paducah, KY-IL ($72,400) and St. Louis, MO-IL.
How does the Cape Girardeau salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Cape Girardeau, MO-IL is $70,130, which is considerably lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Cape Girardeau?
The Location Quotient of 0.56 indicates that Business and Financial Operations Occupations are less concentrated in Cape Girardeau compared to the national average.
Does the cost of living affect the salary in Cape Girardeau?
The cost of living in Cape Girardeau is at the national average (100), meaning the $70,130 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
How many Business and Financial Operations professionals work in Cape Girardeau?
There are approximately 1,690 individuals employed in Business and Financial Operations Occupations in the Cape Girardeau, MO-IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,690 employees in the Cape Girardeau, MO-IL area with a job density of 37.675 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 Cape Girardeau, MO-IL