Average Business and Financial Operations Occupations Salary in Decatur, AL
In Decatur, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,930. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region.
Executive Summary
- Average Salary: $78,930 per year.
- Growth Trend: Salaries have shifted 12.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,850.
- Outlook: The Business and Financial Operations sector in Decatur, AL, comprises a workforce of 2,260 individuals. With a Location Quotient of 0.57, this indicates a lower concentration of these roles compared to the national average, suggesting a potentially less saturated but also less specialized local market for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Decatur, AL earns-16.6%below the national average.
$38
$1,518
$6,578
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Decatur is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have seen steady growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving industry demands, and a competitive labor market.
Business and Financial Operations Occupations Salary Distribution in Decatur, AL
Salary progression for Business and Financial Operations roles typically scales significantly with experience. Entry-level positions may start at a lower percentile, while senior roles and specialized expertise can command salaries well above the average, with substantial percentile gaps reflecting increased responsibility and proven value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,340 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,198 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,750 | $32.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,663 | $47.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,850 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,930
Gross Pay
Real Wage (Purchasing Power)
$78,930
Adjusted for COL (100)
With a Cost of Living Index of 100, Decatur, AL, is at the national average for living expenses. This means the nominal salary of $78,930 offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
2,260
Total Jobs
38.156
Per 1K Jobs
0.57
Location Quotient
Decatur, AL has 0.57x 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 0.57 for Business and Financial Operations Occupations in Decatur signifies that these roles are less concentrated locally than the national average. This suggests that while opportunities may exist, the market is not as robust or specialized as in larger metropolitan areas, potentially leading to less competition for experienced professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Huntsville, AL Business and Financial Operations Occupations Salary | $100,830↑ 28% | 22 mi |
| Florence-Muscle Shoals, AL Business and Financial Operations Occupations Salary | $70,660↓ 10% | 42 mi |
| Gadsden, AL Business and Financial Operations Occupations Salary | $65,720↓ 17% | 68 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 4% | 73 mi |
| East Tennessee nonmetropolitan area Business and Financial Operations Occupations Salary | $70,660↓ 10% | 83 mi |
Comparing salaries near Decatur, AL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Decatur, AL?
The median annual salary for a Business and Financial Operations Occupations in Decatur, AL is $78,930. This typically ranges from $40,340 for entry-level positions to $126,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Decatur, AL is 16.6% lower than the national median of $94,590.
Is Decatur, AL a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $78,930 in Decatur is below the national average of $94,590. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Decatur, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Decatur, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Decatur, AL?
Some top paying nearby cities include Huntsville, AL ($100,830) and Florence-Muscle Shoals, AL.
What is the average salary for Business and Financial Operations Occupations in Decatur, AL?
The average annual salary for Business and Financial Operations Occupations in Decatur, AL is $78,930.
How does Decatur's cost of living compare to the national average?
Decatur, AL has a Cost of Living Index of 100, which is exactly the national average.
What does a Location Quotient of 0.57 mean for this job sector in Decatur?
A Location Quotient of 0.57 indicates that Business and Financial Operations Occupations are less concentrated in Decatur compared to the national average, suggesting a smaller but potentially less competitive job market.
How many people work in Business and Financial Operations in Decatur, AL?
There are approximately 2,260 individuals employed in Business and Financial Operations Occupations in Decatur, AL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,260 employees in the Decatur, AL area with a job density of 38.156 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Decatur, AL
- All Occupations Salary in Decatur, AL
- Production Occupations Salary in Decatur, AL
- Transportation and Material Moving Occupations Salary in Decatur, AL
- Office and Administrative Support Occupations Salary in Decatur, AL
- Sales and Related Occupations Salary in Decatur, AL
- Food Preparation and Serving Related Occupations Salary in Decatur, AL
- Installation, Maintenance, and Repair Occupations Salary in Decatur, AL
- Management Occupations Salary in Decatur, AL
- Construction and Extraction Occupations Salary in Decatur, AL
- Healthcare Practitioners and Technical Occupations Salary in Decatur, AL
- Browse All Jobs in Decatur, AL →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Decatur, AL