Average Business and Financial Operations Occupations Salary in Cincinnati, OH-KY-IN
In Cincinnati, OH-KY-IN, professionals in Business and Financial Operations Occupations earn an average annual salary of $86,640. This figure is slightly below the national average of $94,590, indicating a localized compensation structure influenced by regional economic factors and industry demand within the Cincinnati metropolitan area.
Executive Summary
- Average Salary: $86,640 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,770.
- Outlook: The Cincinnati, OH-KY-IN region supports a substantial workforce of 71,480 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.97, the concentration of these roles is nearly on par with the national average, suggesting a stable and established presence of these critical functions within the local economy, without significant over- or under-representation.
Salary Overview
The average Business and Financial Operations Occupations in Cincinnati, OH-KY-IN earns-8.4%below the national average.
$41.7
$1,666
$7,220
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Business and Financial Operations roles across the nation, including in metropolitan areas like Cincinnati, have experienced consistent growth over the past four years. This upward trend is typically driven by inflation, increasing demand for skilled professionals, and evolving business needs.
Business and Financial Operations Occupations Salary Distribution in Cincinnati, OH-KY-IN
Career progression within Business and Financial Operations Occupations significantly impacts earning potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles, often exceeding $100,000 annually. The widening gap between entry-level and senior roles reflects the value placed on expertise and leadership in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,330 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,980 | $31.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,640 | $37.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,300 | $52.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,770 | $63.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$86,640
Gross Pay
Real Wage (Purchasing Power)
$86,640
Adjusted for COL (100)
The average annual salary of $86,640 in Cincinnati, OH-KY-IN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national average, offering a stable financial standing for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
71,480
Total Jobs
65.441
Per 1K Jobs
0.97
Location Quotient
Cincinnati, OH-KY-IN has 0.97x 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 0.97 for Business and Financial Operations Occupations in Cincinnati indicates that the industry's presence is very close to the national average. This suggests a balanced job market where demand and supply are relatively aligned, making it neither exceptionally competitive nor oversaturated for professionals in this sector.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Dayton-Kettering-Beavercreek, OH Business and Financial Operations Occupations Salary | $92,510↑ 7% | 50 mi |
| Springfield, OH Business and Financial Operations Occupations Salary | $70,130↓ 19% | 69 mi |
| Lexington-Fayette, KY Business and Financial Operations Occupations Salary | $78,470↓ 9% | 73 mi |
| Columbus, IN Business and Financial Operations Occupations Salary | $79,720↓ 8% | 76 mi |
| Muncie, IN Business and Financial Operations Occupations Salary | $73,190↓ 16% | 89 mi |
Comparing salaries near Cincinnati, OH-KY-IN
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Cincinnati, OH-KY-IN?
The median annual salary for a Business and Financial Operations Occupations in Cincinnati, OH-KY-IN is $86,640. This typically ranges from $46,330 for entry-level positions to $132,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cincinnati, OH-KY-IN is 8.4% lower than the national median of $94,590.
Is Cincinnati, OH-KY-IN a lucrative place for Business and Financial Operations Occupationss?
Yes, Cincinnati offers a stable financial environment for these roles.While the average salary is slightly below the national benchmark, the cost of living is also at the national average, resulting in equivalent purchasing power. The robust workforce size and near-average concentration suggest consistent opportunities.
Is Cincinnati, OH-KY-IN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cincinnati, OH-KY-IN?
Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($92,510) and Springfield, OH.
How does Cincinnati's salary for Business and Financial Operations compare to the national average?
The average annual salary in Cincinnati is $86,640, which is slightly lower than the national average of $94,590.
What is the Cost of Living in Cincinnati, OH-KY-IN?
Cincinnati's Cost of Living Index is 100, which is exactly the national average, meaning it is neither more nor less expensive to live there compared to the rest of the country.
How concentrated are Business and Financial Operations jobs in Cincinnati?
The concentration, measured by the Location Quotient, is 0.97, indicating that these jobs are present in Cincinnati at a rate very close to the national average.
What is the total number of workers in Business and Financial Operations in Cincinnati?
There are 71,480 individuals employed in Business and Financial Operations Occupations within the Cincinnati, OH-KY-IN region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 71,480 employees in the Cincinnati, OH-KY-IN area with a job density of 65.441 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 Cincinnati, OH-KY-IN