Average Business and Financial Operations Occupations Salary in Daphne-Fairhope-Foley, AL
In Daphne-Fairhope-Foley, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $73,200. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within this metropolitan area. The local pay scale is thus influenced by the unique economic landscape of the Alabama Gulf Coast.
Executive Summary
- Average Salary: $73,200 per year.
- Growth Trend: Salaries have shifted 10.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,350.
- Outlook: The Business and Financial Operations sector in Daphne-Fairhope-Foley, AL, supports a local workforce of 2,940 individuals. With a Location Quotient of 0.52, the concentration of these roles is less than half the national average, suggesting a smaller but potentially stable niche within the local economy. The presence of approximately 35 jobs per 1,000 workers indicates a consistent, albeit not dominant, demand for these essential business functions.
Salary Overview
The average Business and Financial Operations Occupations in Daphne-Fairhope-Foley, AL earns-22.6%below the national average.
$35.2
$1,408
$6,100
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Daphne-Fairhope-Foley is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive upward salary adjustments, even in markets with lower concentrations.
Business and Financial Operations Occupations Salary Distribution in Daphne-Fairhope-Foley, AL
Career progression within Business and Financial Operations Occupations typically sees a significant salary increase from entry-level to senior positions. While specific percentile data for Daphne-Fairhope-Foley is unavailable, the expected salary range widens considerably with experience, with senior roles commanding substantially higher compensation than their junior counterparts, reflecting increased responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,960 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,900 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,650 | $30.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,500 | $44 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,350 | $55 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,200
Gross Pay
Real Wage (Purchasing Power)
$73,200
Adjusted for COL (100)
The average salary of $73,200 in Daphne-Fairhope-Foley, AL, 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 this income locally is equivalent to the national standard, making it a neutral factor for relocation considerations from a cost perspective.
Job Market Context
2,940
Total Jobs
34.919
Per 1K Jobs
0.52
Location Quotient
Daphne-Fairhope-Foley, AL has 0.52x 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 0.52 indicates that Business and Financial Operations Occupations are less concentrated in Daphne-Fairhope-Foley, AL, compared to the national average. This suggests that the job market for these roles may be less competitive in terms of the sheer number of available professionals, but also potentially indicates a lower overall demand or a different industry focus within the region.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Mobile, AL Business and Financial Operations Occupations Salary | $77,040↑ 5% | 14 mi |
| Pensacola-Ferry Pass-Brent, FL Business and Financial Operations Occupations Salary | $78,740↑ 8% | 43 mi |
| Gulfport-Biloxi, MS Business and Financial Operations Occupations Salary | $77,180↑ 5% | 72 mi |
| Crestview-Fort Walton Beach-Destin, FL Business and Financial Operations Occupations Salary | $90,040↑ 23% | 78 mi |
| Hattiesburg, MS Business and Financial Operations Occupations Salary | $67,820↓ 7% | 97 mi |
Comparing salaries near Daphne-Fairhope-Foley, AL
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Daphne-Fairhope-Foley, AL?
The median annual salary for a Business and Financial Operations Occupations in Daphne-Fairhope-Foley, AL is $73,200. This typically ranges from $38,960 for entry-level positions to $114,350 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Daphne-Fairhope-Foley, AL is 22.6% lower than the national median of $94,590.
Is Daphne-Fairhope-Foley, AL a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $73,200 is significantly lower than the national average of $94,590. However, the cost of living is on par with the national average, meaning the lower salary has equivalent purchasing power locally.
Is Daphne-Fairhope-Foley, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Daphne-Fairhope-Foley, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Daphne-Fairhope-Foley, AL?
Some top paying nearby cities include Mobile, AL ($77,040) and Pensacola-Ferry Pass-Brent, FL.
How does the Daphne-Fairhope-Foley salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Daphne-Fairhope-Foley, AL, is $73,200, which is considerably lower than the national average of $94,590.
What is the Cost of Living in Daphne-Fairhope-Foley, AL?
The Cost of Living Index in Daphne-Fairhope-Foley, AL, is 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the country.
How many Business and Financial Operations professionals work in Daphne-Fairhope-Foley, AL?
There are approximately 2,940 individuals employed in Business and Financial Operations Occupations within the Daphne-Fairhope-Foley, AL metropolitan area.
Is there high demand for Business and Financial Operations roles in this area?
With a Location Quotient of 0.52, these roles are less concentrated than the national average, suggesting a moderate rather than exceptionally high demand relative to other occupations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,940 employees in the Daphne-Fairhope-Foley, AL area with a job density of 34.919 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 Daphne-Fairhope-Foley, AL