Average Business and Financial Operations Occupations Salary in Delaware
In Delaware, professionals in Business and Financial Operations Occupations command an impressive average annual salary of $98,400. This figure notably surpasses the national average of $94,590, indicating a favorable compensation landscape within the state. This premium is likely driven by Delaware's robust financial sector and its strategic importance in corporate operations.
Executive Summary
- Average Salary: $98,400 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,370.
- Outlook: Delaware's market for Business and Financial Operations Occupations is robust, evidenced by a substantial local workforce of 39,600 individuals. The location quotient of 1.24 suggests a higher concentration of these roles compared to the national average, signaling strong demand and a significant presence of these critical functions within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Delaware earns+4.0%above the national average.
$47.3
$1,892
$8,200
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Delaware have experienced consistent growth over the past four years. This trend is typical for roles in high-demand sectors, reflecting economic expansion, inflation, and increasing specialization within the field.
Business and Financial Operations Occupations Salary Distribution in Delaware
Salary progression within Business and Financial Operations Occupations in Delaware typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,810 | $25.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,800 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,970 | $41.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,000 | $59.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,370 | $71.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$98,400
Gross Pay
Real Wage (Purchasing Power)
$97,619
Adjusted for COL (100.8)
With an average annual salary of $98,400 and a Cost of Living Index of 100.8, Delaware offers a nearly on-par cost of living experience relative to the national average. This means the nominal salary translates effectively into purchasing power, making Delaware an attractive location for financial professionals seeking both competitive compensation and a stable cost of living.
Job Market Context
39,600
Total Jobs
83.122
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Delaware has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
Delaware's location quotient of 1.24 for Business and Financial Operations Occupations indicates a market that is more concentrated than the national average. This suggests a competitive yet abundant job market, where specialized talent is valued and readily available, offering ample opportunities for both employers seeking skilled professionals and individuals seeking career growth.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Dover, DE Business and Financial Operations Occupations Salary | $77,890↓ 21% | 11 mi |
| Vineland, NJ Business and Financial Operations Occupations Salary | $84,130↓ 15% | 29 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Business and Financial Operations Occupations Salary | $96,000↓ 2% | 47 mi |
| Atlantic City-Hammonton, NJ Business and Financial Operations Occupations Salary | $85,780↓ 13% | 56 mi |
| Baltimore-Columbia-Towson, MD Business and Financial Operations Occupations Salary | $99,490↑ 1% | 59 mi |
Comparing salaries near Delaware
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Delaware?
The median annual salary for a Business and Financial Operations Occupations in Delaware is $98,400. This typically ranges from $53,810 for entry-level positions to $149,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Delaware is 4.0% higher than the national median of $94,590.
Is Delaware a lucrative place for Business and Financial Operations Occupationss?
Yes, Delaware presents a lucrative environment for Business and Financial Operations Occupations.The average salary of $98,400 significantly exceeds the national average, and the cost of living remains very close to the national benchmark, offering strong purchasing power.
Is Delaware a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Delaware is 100.8. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Delaware?
Some top paying nearby cities include Dover, DE ($77,890) and Vineland, NJ.
How does Delaware's average salary compare to the national average for this field?
Delaware's average annual salary of $98,400 for Business and Financial Operations Occupations is higher than the national average of $94,590, indicating a more favorable compensation landscape within the state.
What does the location quotient of 1.24 mean for job seekers?
A location quotient of 1.24 signifies that Business and Financial Operations Occupations are more concentrated in Delaware than the national average. This suggests a robust job market with potentially higher demand for these roles.
How does the cost of living in Delaware affect the salary?
With a Cost of Living Index of 100.8, Delaware's cost of living is only slightly above the national average. This means the $98,400 salary offers strong real value and purchasing power for residents.
Are there many jobs for Business and Financial Operations Occupations in Delaware?
Yes, Delaware employs 39,600 individuals in Business and Financial Operations Occupations, with 83.122 jobs per 1,000 workers, indicating a substantial presence and availability of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 39,600 employees in the Delaware area with a job density of 83.122 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 Delaware