Average Business and Financial Operations Occupations Salary in Chattanooga, TN-GA
In Chattanooga, TN-GA, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,120. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a lower cost of living influence compensation levels in this region. The economic landscape of Chattanooga shapes the earning potential for these critical roles.
Executive Summary
- Average Salary: $79,120 per year.
- Growth Trend: Salaries have shifted 17.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,270.
- Outlook: With a local workforce of 14,610 individuals in Business and Financial Operations, Chattanooga demonstrates a significant presence in this sector. The Location Quotient of 0.81 indicates that while the concentration of these jobs is slightly below the national average, the sheer number of professionals suggests a stable and established market. This robust workforce size points to consistent demand and opportunities within the region.
Salary Overview
The average Business and Financial Operations Occupations in Chattanooga, TN-GA earns-16.4%below the national average.
$38
$1,522
$6,593
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 roles in Chattanooga have experienced steady growth over the past four years, mirroring national trends. Economic development and increasing demand for financial expertise likely contribute to upward wage adjustments, reflecting a dynamic and evolving job market.
Business and Financial Operations Occupations Salary Distribution in Chattanooga, TN-GA
Salary progression for Business and Financial Operations roles in Chattanooga typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries significantly higher than the average. The widening gap between entry-level and senior-level salaries signifies clear career advancement pathways and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,990 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,340 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,630 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,900 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,270 | $61.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,120
Gross Pay
Real Wage (Purchasing Power)
$79,120
Adjusted for COL (100)
The average annual salary of $79,120 in Chattanooga aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Chattanooga-based salary is equivalent to the national average, offering a balanced lifestyle where income effectively meets expenses without significant strain.
Job Market Context
14,610
Total Jobs
54.265
Per 1K Jobs
0.81
Location Quotient
Chattanooga, TN-GA has 0.81x 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 0.81 for Business and Financial Operations in Chattanooga suggests that the concentration of these roles is slightly less than the national average. This indicates a moderately competitive market where demand is present but perhaps not as saturated as in larger metropolitan areas, potentially offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Cleveland, TN Business and Financial Operations Occupations Salary | $70,500↓ 11% | 23 mi |
| Dalton, GA Business and Financial Operations Occupations Salary | $73,210↓ 7% | 26 mi |
| Rome, GA Business and Financial Operations Occupations Salary | $69,920↓ 12% | 55 mi |
| Huntsville, AL Business and Financial Operations Occupations Salary | $100,830↑ 27% | 83 mi |
| Gadsden, AL Business and Financial Operations Occupations Salary | $65,720↓ 17% | 85 mi |
Comparing salaries near Chattanooga, TN-GA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Chattanooga, TN-GA?
The median annual salary for a Business and Financial Operations Occupations in Chattanooga, TN-GA is $79,120. This typically ranges from $39,990 for entry-level positions to $128,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chattanooga, TN-GA is 16.4% lower than the national median of $94,590.
Is Chattanooga, TN-GA a lucrative place for Business and Financial Operations Occupationss?
No, not as lucrative as the national average.While Chattanooga offers a stable market with an average salary of $79,120, this is below the national average of $94,590. However, the cost of living is also at the national average, providing equivalent purchasing power.
Is Chattanooga, TN-GA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chattanooga, TN-GA?
Some top paying nearby cities include Cleveland, TN ($70,500) and Dalton, GA.
What is the average salary for Business and Financial Operations in Chattanooga, TN-GA?
The average annual salary for Business and Financial Operations Occupations in Chattanooga, TN-GA is $79,120.
How does Chattanooga's salary compare to the national average?
The average salary in Chattanooga ($79,120) is lower than the national average ($94,590) for Business and Financial Operations roles.
What is the cost of living in Chattanooga, TN-GA?
Chattanooga, TN-GA has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Chattanooga?
The concentration of Business and Financial Operations jobs in Chattanooga, indicated by a Location Quotient of 0.81, is slightly below the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,610 employees in the Chattanooga, TN-GA area with a job density of 54.265 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 Chattanooga, TN-GA