In Davenport-Moline-Rock Island, IA-IL, professionals in Business and Financial Operations Occupations earn an average annual salary of $86,850. This figure is slightly below the national average of $94,590, suggesting localized economic factors and industry demand play a significant role in compensation within this specific metropolitan area. The pay scale reflects the unique economic landscape and the specific needs of businesses operating in the Quad Cities region.
Executive Summary
- Average Salary: $86,850 per year.
- Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,950.
- Outlook: The Davenport-Moline-Rock Island, IA-IL area supports a substantial workforce of 11,740 individuals in 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, indicating a stable and established presence of these critical functions within the local economy. The density of jobs per 1,000 workers further underscores the consistent demand for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Davenport-Moline-Rock Island, IA-IL earns-8.2%below the national average.
$41.8
$1,670
$7,238
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Business and Financial Operations Occupations in Davenport-Moline-Rock Island, IA-IL have experienced salary growth over the past four years, mirroring national trends. Economic expansion, evolving industry demands, and inflation typically drive upward adjustments in compensation, ensuring that these roles remain competitive within the local job market.
Business and Financial Operations Occupations Salary Distribution in Davenport-Moline-Rock Island, IA-IL
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles, those requiring advanced analytical skills, or leadership responsibilities, can significantly increase earning potential. The widening gap between entry-level and senior-level salaries reflects the increasing value and complexity associated with experienced professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,280 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,138 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,160 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,563 | $52.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,950 | $63.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$86,850
Gross Pay
Real Wage (Purchasing Power)
$86,850
Adjusted for COL (100)
The average annual salary of $86,850 in Davenport-Moline-Rock Island, IA-IL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the local salary is equivalent to the national average, offering a balanced financial environment for professionals considering relocation or residing in the area.
Job Market Context
11,740
Total Jobs
65.266
Per 1K Jobs
0.97
Location Quotient
Davenport-Moline-Rock Island, IA-IL 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.
With a Location Quotient of 0.97, the Davenport-Moline-Rock Island, IA-IL market for Business and Financial Operations Occupations is highly representative of the national landscape. This indicates a healthy and balanced job market where the availability of talent closely matches the demand from employers, suggesting a competitive yet accessible environment for both job seekers and hiring managers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Iowa City, IA Business and Financial Operations Occupations Salary | $76,440↓ 12% | 48 mi |
| Cedar Rapids, IA Business and Financial Operations Occupations Salary | $80,240↓ 8% | 62 mi |
| Dubuque, IA Business and Financial Operations Occupations Salary | $80,380↓ 7% | 65 mi |
| Peoria, IL Business and Financial Operations Occupations Salary | $80,270↓ 8% | 76 mi |
| Rockford, IL Business and Financial Operations Occupations Salary | $75,060↓ 14% | 93 mi |
Comparing salaries near Davenport-Moline-Rock Island, IA-IL
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Davenport-Moline-Rock Island, IA-IL?
The median annual salary for a Business and Financial Operations Occupations in Davenport-Moline-Rock Island, IA-IL is $86,850. This typically ranges from $47,280 for entry-level positions to $131,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Davenport-Moline-Rock Island, IA-IL is 8.2% lower than the national median of $94,590.
Is Davenport-Moline-Rock Island, IA-IL a lucrative place for Business and Financial Operations Occupationss?
Moderately lucrative, with excellent cost-of-living alignment.The average salary of $86,850 is slightly below the national average, but the cost of living is exactly at the national average, providing good purchasing power. The stable job market concentration suggests consistent opportunities.
Is Davenport-Moline-Rock Island, IA-IL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Davenport-Moline-Rock Island, IA-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Davenport-Moline-Rock Island, IA-IL?
Some top paying nearby cities include Iowa City, IA ($76,440) and Cedar Rapids, IA.
How does the Davenport-Moline-Rock Island salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Davenport-Moline-Rock Island, IA-IL is $86,850, which is approximately 8.2% lower than the national average of $94,590.
What is the significance of the Location Quotient (LQ) of 0.97?
An LQ of 0.97 indicates that the concentration of Business and Financial Operations Occupations in Davenport-Moline-Rock Island, IA-IL is very close to the national average. This suggests a well-established presence of these roles without being overly saturated or scarce.
How does the cost of living affect the Davenport-Moline-Rock Island salary?
With a Cost of Living Index of 100, the Davenport-Moline-Rock Island area matches the national average. This means the $86,850 salary offers purchasing power equivalent to the national average, making it a stable financial proposition.
What is the total number of Business and Financial Operations jobs in the area?
There are approximately 11,740 individuals employed in Business and Financial Operations Occupations within the Davenport-Moline-Rock Island, IA-IL metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,740 employees in the Davenport-Moline-Rock Island, IA-IL area with a job density of 65.266 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 Davenport-Moline-Rock Island, IA-IL