In the Central Louisiana nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,910. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand drivers specific to this region. Localized economic factors and industry concentration play a significant role in shaping compensation within this sector.
Executive Summary
- Average Salary: $71,910 per year.
- Growth Trend: Salaries have shifted 15.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,150.
- Outlook: With a local workforce of approximately 2,800 individuals in Business and Financial Operations roles, the concentration, indicated by a Location Quotient of 0.54, suggests a market that is less concentrated than the national average. While the absolute number of jobs per 1,000 workers (36.092) provides a baseline, the lower LQ implies that these roles, while present, are not as dominant a feature of the local economy compared to national trends.
Salary Overview
The average Business and Financial Operations Occupations in Central Louisiana nonmetropolitan area earns-24.0%below the national average.
$34.6
$1,383
$5,993
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced incremental growth over the past four years, mirroring broader economic trends. This growth is typically influenced by inflation, evolving industry demands, and the increasing complexity of financial operations, even in nonmetropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Central Louisiana nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps in earnings underscore the substantial career advancement opportunities available for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,680 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,933 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,960 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,888 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,150 | $54.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,910
Gross Pay
Real Wage (Purchasing Power)
$71,910
Adjusted for COL (100)
The average annual salary of $71,910 in Central Louisiana aligns precisely 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 cost of living parity suggests that the real value of the income may be more comparable than initially perceived.
Job Market Context
2,800
Total Jobs
36.092
Per 1K Jobs
0.54
Location Quotient
Central Louisiana nonmetropolitan area has 0.54x 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 0.54 indicates that Business and Financial Operations Occupations are less prevalent in the Central Louisiana nonmetropolitan area compared to the national average. This suggests a market with potentially fewer specialized roles and a less competitive landscape for talent in this specific sector, which could present unique opportunities for those with relevant skills.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Business and Financial Operations Occupations Salary | $70,580↓ 2% | 37 mi |
| Baton Rouge, LA Business and Financial Operations Occupations Salary | $76,080↑ 6% | 67 mi |
| Lafayette, LA Business and Financial Operations Occupations Salary | $71,740↓ 0% | 67 mi |
| Monroe, LA Business and Financial Operations Occupations Salary | $68,520↓ 5% | 94 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↓ 5% | 95 mi |
Comparing salaries near Central Louisiana nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Central Louisiana nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Central Louisiana nonmetropolitan area is $71,910. This typically ranges from $35,680 for entry-level positions to $113,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Louisiana nonmetropolitan area is 24.0% lower than the national median of $94,590.
Is Central Louisiana nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $71,910 is significantly lower than the national average of $94,590, despite a cost of living that matches the national index.
Is Central Louisiana nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Central Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($70,580) and Baton Rouge, LA.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Central Louisiana is $71,910, which is considerably less than the national average of $94,590.
What is the Cost of Living in Central Louisiana compared to the nation?
The Cost of Living Index in Central Louisiana is 100, which is exactly the same as the national average, indicating a comparable cost of living.
How concentrated are Business and Financial Operations jobs in this area?
The concentration of these jobs, measured by the Location Quotient, is 0.54, meaning they are less common in this region than the national average.
What is the total number of Business and Financial Operations professionals in the area?
There are approximately 2,800 individuals employed in Business and Financial Operations Occupations within the Central Louisiana 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 2,800 employees in the Central Louisiana nonmetropolitan area area with a job density of 36.092 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 Louisiana nonmetropolitan area