Average Business and Financial Operations Occupations Salary in Cheyenne, WY
In Cheyenne, WY, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,050. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this Wyoming capital. While the nominal salary is lower, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $83,050 per year.
- Growth Trend: Salaries have shifted 21.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,640.
- Outlook: Cheyenne, WY supports a local workforce of 3,250 individuals within Business and Financial Operations Occupations. With a Location Quotient of 1.02, the concentration of these roles in Cheyenne is slightly above the national average, indicating a stable and perhaps slightly in-demand presence for these professionals within the local economy. The presence of 68.358 jobs per 1,000 workers further underscores a consistent need for these skills.
Salary Overview
The average Business and Financial Operations Occupations in Cheyenne, WY earns-12.2%below the national average.
$39.9
$1,597
$6,921
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Cheyenne is not provided, it is reasonable to assume that Business and Financial Operations Occupations have experienced salary growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive an upward trajectory in compensation for skilled professionals in these vital sectors.
Business and Financial Operations Occupations Salary Distribution in Cheyenne, WY
Salary progression within Business and Financial Operations Occupations typically sees significant increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise and leadership in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,410 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,288 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,060 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,813 | $49.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,640 | $58 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,050
Gross Pay
Real Wage (Purchasing Power)
$83,050
Adjusted for COL (100)
The average annual salary of $83,050 in Cheyenne, WY, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average. Therefore, the $83,050 earned in Cheyenne offers a comparable standard of living to what $94,590 might provide elsewhere in the country.
Job Market Context
3,250
Total Jobs
68.358
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Cheyenne, WY has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
Cheyenne's Location Quotient of 1.02 for Business and Financial Operations Occupations suggests a job market that is very close to the national average in terms of concentration. This indicates a balanced market where these roles are neither significantly overrepresented nor scarce. Professionals can expect a competitive but accessible job landscape, with opportunities available without extreme saturation.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Fort Collins-Loveland, CO Business and Financial Operations Occupations Salary | $90,730↑ 9% | 43 mi |
| Greeley, CO Business and Financial Operations Occupations Salary | $90,030↑ 8% | 50 mi |
| Boulder, CO Business and Financial Operations Occupations Salary | $107,880↑ 30% | 80 mi |
| Denver-Aurora-Centennial, CO Business and Financial Operations Occupations Salary | $102,010↑ 23% | 95 mi |
Comparing salaries near Cheyenne, WY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Cheyenne, WY?
The median annual salary for a Business and Financial Operations Occupations in Cheyenne, WY is $83,050. This typically ranges from $48,410 for entry-level positions to $120,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cheyenne, WY is 12.2% lower than the national median of $94,590.
Is Cheyenne, WY a lucrative place for Business and Financial Operations Occupationss?
No, not in terms of nominal salary compared to the national average.While the average salary of $83,050 is below the national average of $94,590, the cost of living in Cheyenne is also at the national average. This means your earnings have equivalent purchasing power locally.
Is Cheyenne, WY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Cheyenne, WY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cheyenne, WY?
Some top paying nearby cities include Fort Collins-Loveland, CO ($90,730) and Greeley, CO.
How does Cheyenne's salary compare to the national average for this field?
The average salary in Cheyenne, WY for Business and Financial Operations Occupations is $83,050, which is lower than the national average of $94,590.
What is the cost of living in Cheyenne, WY?
Cheyenne, WY has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Cheyenne?
The concentration of these jobs in Cheyenne, indicated by a Location Quotient of 1.02, is slightly above the national average, suggesting a stable presence.
How many Business and Financial Operations jobs are there per 1,000 workers in Cheyenne?
There are approximately 68.358 jobs per 1,000 workers in Business and Financial Operations Occupations in Cheyenne, WY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,250 employees in the Cheyenne, WY area with a job density of 68.358 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 Cheyenne, WY