In the Central Kentucky nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,470. This figure is notably below the national average of $94,590, reflecting regional economic factors and a different market dynamic. The specific pay scales in this area are influenced by local industry demands and the overall economic landscape of nonmetropolitan regions.
Executive Summary
- Average Salary: $69,470 per year.
- Growth Trend: Salaries have shifted 22.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,810.
- Outlook: The Central Kentucky nonmetropolitan area supports a workforce of 8,320 individuals in Business and Financial Operations Occupations, representing 48.102 jobs per 1,000 workers. With a Location Quotient of 0.72, this sector is slightly less concentrated than the national average, suggesting a stable but not overly saturated job market. The existing workforce size indicates a consistent demand for these essential business functions within the region.
Salary Overview
The average Business and Financial Operations Occupations in Central Kentucky nonmetropolitan area earns-26.6%below the national average.
$33.4
$1,336
$5,789
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen modest growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive incremental increases in compensation, even in nonmetropolitan settings, as companies strive to attract and retain skilled talent.
Business and Financial Operations Occupations Salary Distribution in Central Kentucky nonmetropolitan area
Career progression within Business and Financial Operations Occupations in Central Kentucky typically leads to significant salary increases. Entry-level positions may start at a lower percentile, but with accumulated experience and demonstrated expertise, professionals can advance to senior roles commanding higher salaries. The widening gap between entry-level and senior-level compensation reflects the value placed on experience and specialized skills in the job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,290 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,103 | $25 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,570 | $30.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,838 | $41.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,810 | $50.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,470
Gross Pay
Real Wage (Purchasing Power)
$69,470
Adjusted for COL (100)
The average annual salary of $69,470 in the Central Kentucky nonmetropolitan area 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 foundation for residents. While the nominal salary is lower than the national average, the comparable cost of living suggests that the take-home pay can maintain a similar standard of living.
Job Market Context
8,320
Total Jobs
48.102
Per 1K Jobs
0.72
Location Quotient
Central Kentucky nonmetropolitan area has 0.72x 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.
The Location Quotient of 0.72 for Business and Financial Operations Occupations in Central Kentucky indicates that this sector is less concentrated than the national average. This suggests that while the jobs exist and are a part of the local economy, the market is not as saturated with these roles compared to the rest of the country. This could imply a moderate level of competition for available positions, with opportunities for skilled professionals to establish themselves.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Business and Financial Operations Occupations Salary | $78,470↑ 13% | 28 mi |
| Elizabethtown, KY Business and Financial Operations Occupations Salary | $79,540↑ 14% | 66 mi |
| Louisville/Jefferson County, KY-IN Business and Financial Operations Occupations Salary | $78,230↑ 13% | 72 mi |
| Cincinnati, OH-KY-IN Business and Financial Operations Occupations Salary | $86,640↑ 25% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Central Kentucky nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Central Kentucky nonmetropolitan area is $69,470. This typically ranges from $40,290 for entry-level positions to $104,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 26.6% lower than the national median of $94,590.
Is Central Kentucky nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $69,470 is significantly lower than the national average of $94,590, although the cost of living is on par with the national average.
Is Central Kentucky nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($78,470) and Elizabethtown, KY.
How does the Central Kentucky salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Central Kentucky is $69,470, which is considerably lower than the national average of $94,590.
What is the Cost of Living Index in Central Kentucky?
The Cost of Living Index in the Central Kentucky nonmetropolitan area is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Central Kentucky?
The concentration of these jobs, measured by the Location Quotient, is 0.72, indicating a lower presence compared to the national average.
What is the total workforce size for these occupations in Central Kentucky?
There are 8,320 individuals employed in Business and Financial Operations Occupations in the Central Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,320 employees in the Central Kentucky nonmetropolitan area area with a job density of 48.102 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 Central Kentucky nonmetropolitan area