In the Capital/Northern New York nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,020. This figure is notably below the national average of $94,590, reflecting the unique economic dynamics and potentially lower demand for these specialized roles within this specific region compared to broader national trends. The localized economic landscape significantly influences compensation levels.
Executive Summary
- Average Salary: $81,020 per year.
- Growth Trend: Salaries have shifted 23.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,110.
- Outlook: The local workforce for Business and Financial Operations Occupations comprises 5,350 individuals, indicating a moderate presence. With a Location Quotient of 0.57, these roles are less concentrated than the national average, suggesting a market that may not be saturated but also not experiencing exceptionally high demand. The number of jobs per 1,000 workers (38.082) further contextualizes the availability of these positions within the regional labor pool.
Salary Overview
The average Business and Financial Operations Occupations in Capital/Northern New York nonmetropolitan area earns-14.3%below the national average.
$39
$1,558
$6,752
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in the Capital/Northern New York nonmetropolitan area have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical as businesses adapt to evolving market conditions and seek to retain skilled financial professionals.
Business and Financial Operations Occupations Salary Distribution in Capital/Northern New York nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can reach substantially higher compensation levels. The percentile gaps in salary distributions clearly signify the career advancement opportunities and the rewards associated with accumulating experience and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,440 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,765 | $29.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,520 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,275 | $48.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,110 | $55.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,020
Gross Pay
Real Wage (Purchasing Power)
$81,020
Adjusted for COL (100)
The average annual salary of $81,020 in the Capital/Northern New York nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the neutral cost of living suggests that the real value of the earnings is comparable to the national standard.
Job Market Context
5,350
Total Jobs
38.082
Per 1K Jobs
0.57
Location Quotient
Capital/Northern New York nonmetropolitan area has 0.57x 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 0.57 indicates that Business and Financial Operations Occupations are less concentrated in the Capital/Northern New York nonmetropolitan area compared to the national average. This suggests that the job market for these roles may be less competitive, offering potential advantages for job seekers. However, it also implies that the demand for these specialized skills might be lower than in more heavily concentrated regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Business and Financial Operations Occupations Salary | $87,570↑ 8% | 49 mi |
| Kingston, NY Business and Financial Operations Occupations Salary | $83,410↑ 3% | 51 mi |
| Scranton--Wilkes-Barre, PA Business and Financial Operations Occupations Salary | $76,270↓ 6% | 64 mi |
| Utica-Rome, NY Business and Financial Operations Occupations Salary | $81,990↑ 1% | 66 mi |
| Albany-Schenectady-Troy, NY Business and Financial Operations Occupations Salary | $89,050↑ 10% | 68 mi |
Comparing salaries near Capital/Northern New York nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Capital/Northern New York nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Capital/Northern New York nonmetropolitan area is $81,020. This typically ranges from $46,440 for entry-level positions to $116,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Capital/Northern New York nonmetropolitan area is 14.3% lower than the national median of $94,590.
Is Capital/Northern New York nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $81,020 is below the national average, and the lower location quotient suggests less concentrated demand for these roles within the region.
Is Capital/Northern New York nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Capital/Northern New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Capital/Northern New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($87,570) and Kingston, NY.
How does the local salary compare to the national average?
The average salary of $81,020 in the Capital/Northern New York nonmetropolitan area is approximately 14.3% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the significance of the Location Quotient (LQ) of 0.57?
An LQ of 0.57 means that Business and Financial Operations Occupations are less prevalent in this region compared to the national average. It suggests a smaller, potentially less competitive job market for these roles.
Does the Cost of Living affect the perceived value of the salary?
With a Cost of Living Index of 100, the local salary of $81,020 has the same purchasing power as the national average salary, indicating that the lower nominal wage is offset by a neutral cost of living.
How large is the workforce for these occupations in this area?
There are 5,350 individuals employed in Business and Financial Operations Occupations in the Capital/Northern New York nonmetropolitan area, representing 38.082 jobs per 1,000 workers in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,350 employees in the Capital/Northern New York nonmetropolitan area area with a job density of 38.082 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 Capital/Northern New York nonmetropolitan area