Average Business and Financial Operations Occupations Salary in Chico, CA
In Chico, CA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $84,780. 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. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.
Executive Summary
- Average Salary: $84,780 per year.
- Growth Trend: Salaries have shifted 24.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,870.
- Outlook: Chico, CA supports a local workforce of 3,490 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.66, this sector is less concentrated than the national average, indicating a moderate demand relative to the overall job market. The presence of approximately 44.58 jobs per 1,000 workers suggests a stable, albeit not exceptionally robust, job market for these professionals in the area.
Salary Overview
The average Business and Financial Operations Occupations in Chico, CA earns-10.4%below the national average.
$40.8
$1,630
$7,065
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Chico's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends. Factors such as inflation, increased demand for specialized financial skills, and evolving business landscapes likely contribute to a gradual upward trajectory in compensation for these roles.
Business and Financial Operations Occupations Salary Distribution in Chico, CA
Within the Business and Financial Operations Occupations field, salary progression is typically tied to experience and specialization. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise, leadership, and a proven track record will see significantly higher earnings. The percentile gaps between these levels are a clear indicator of the career advancement opportunities and earning potential available as professionals gain experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,000 | $22.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,585 | $30.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,840 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,975 | $50.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,870 | $63.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$84,780
Gross Pay
Real Wage (Purchasing Power)
$84,780
Adjusted for COL (100)
The average annual salary of $84,780 in Chico, CA, aligns perfectly with the national average cost of living, which is indexed at 100. This means that, on average, the purchasing power of a salary in Chico is equivalent to that of the national average. Therefore, while the nominal salary is lower than the national average, it does not necessarily translate to a reduced standard of living due to the balanced cost of living.
Job Market Context
3,490
Total Jobs
44.577
Per 1K Jobs
0.66
Location Quotient
Chico, CA has 0.66x 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 0.66 for Business and Financial Operations Occupations in Chico, CA, indicates that this sector is less concentrated locally compared to the national average. This suggests that while there is a presence of these roles, the market is not saturated, and opportunities may be more specialized or less abundant than in major metropolitan areas. Professionals might find a less competitive environment but potentially fewer diverse job openings.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Yuba City, CA Business and Financial Operations Occupations Salary | $84,830↑ 0% | 44 mi |
| Redding, CA Business and Financial Operations Occupations Salary | $83,710↓ 1% | 63 mi |
| Sacramento-Roseville-Folsom, CA Business and Financial Operations Occupations Salary | $92,390↑ 9% | 84 mi |
Comparing salaries near Chico, CA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Chico, CA?
The median annual salary for a Business and Financial Operations Occupations in Chico, CA is $84,780. This typically ranges from $46,000 for entry-level positions to $131,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chico, CA is 10.4% lower than the national median of $94,590.
Is Chico, CA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $84,780 is below the national average, though the cost of living is also at the national average, balancing purchasing power. The lower location quotient suggests less market concentration.
Is Chico, CA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Chico, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chico, CA?
Some top paying nearby cities include Yuba City, CA ($84,830) and Redding, CA.
How does Chico's salary compare to the national average for this field?
The average annual salary in Chico, CA for Business and Financial Operations Occupations is $84,780, which is lower than the national average of $94,590.
What is the significance of the Location Quotient (LQ) in Chico?
A Location Quotient of 0.66 means that Business and Financial Operations Occupations are less concentrated in Chico compared to the national average, indicating a smaller relative presence in the local job market.
Does the cost of living in Chico affect the perceived salary value?
No, the cost of living in Chico is indexed at 100, which is the national average. This means the $84,780 salary has purchasing power equivalent to the national average.
How many Business and Financial Operations professionals work in Chico?
There are approximately 3,490 individuals employed in Business and Financial Operations Occupations in Chico, CA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,490 employees in the Chico, CA area with a job density of 44.577 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 Chico, CA