Average Business and Financial Operations Occupations Salary in Dothan, AL
In Dothan, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,960. This figure is notably below the national average of $94,590, suggesting that local market dynamics and economic factors specific to the Dothan region play a significant role in compensation levels for these vital roles.
Executive Summary
- Average Salary: $71,960 per year.
- Growth Trend: Salaries have shifted 2.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,910.
- Outlook: With a local workforce of 1,910 individuals in Business and Financial Operations, Dothan presents a moderate concentration of these professionals, indicated by a Location Quotient of 0.47. While this suggests a less concentrated market compared to national averages, the presence of over 31 jobs per 1,000 workers points to a steady demand for these skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Dothan, AL earns-23.9%below the national average.
$34.6
$1,384
$5,997
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Dothan's Business and Financial Operations sector isn't provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and increasing demand for specialized financial expertise likely contribute to upward pressure on wages, even in regional markets.
Business and Financial Operations Occupations Salary Distribution in Dothan, AL
Salary progression within Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,080 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,970 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,670 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,950 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,910 | $56.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,960
Gross Pay
Real Wage (Purchasing Power)
$71,960
Adjusted for COL (100)
The average annual salary of $71,960 in Dothan, 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 that salary in Dothan is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
1,910
Total Jobs
31.756
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Dothan, AL has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.47 indicates that Business and Financial Operations Occupations are less concentrated in Dothan, AL, compared to the national average. This suggests that while the roles are present and necessary, the market may not be saturated, potentially offering a competitive edge for skilled professionals seeking employment opportunities.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Panama City-Panama City Beach, FL Business and Financial Operations Occupations Salary | $80,530↑ 12% | 72 mi |
| Albany, GA Business and Financial Operations Occupations Salary | $79,240↑ 10% | 76 mi |
| Crestview-Fort Walton Beach-Destin, FL Business and Financial Operations Occupations Salary | $90,040↑ 25% | 77 mi |
| Tallahassee, FL Business and Financial Operations Occupations Salary | $67,610↓ 6% | 87 mi |
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↑ 8% | 92 mi |
Comparing salaries near Dothan, AL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Dothan, AL?
The median annual salary for a Business and Financial Operations Occupations in Dothan, AL is $71,960. This typically ranges from $37,080 for entry-level positions to $117,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dothan, AL is 23.9% lower than the national median of $94,590.
Is Dothan, AL a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $71,960 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Dothan, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Dothan, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dothan, AL?
Some top paying nearby cities include Panama City-Panama City Beach, FL ($80,530) and Albany, GA.
What is the average salary for Business and Financial Operations roles in Dothan, AL?
The average annual salary for Business and Financial Operations Occupations in Dothan, AL is $71,960.
How does Dothan's salary compare to the national average?
The average salary in Dothan ($71,960) is lower than the national average ($94,590) for these roles.
What is the Cost of Living in Dothan, AL?
Dothan, AL has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Dothan?
The concentration of these jobs in Dothan is below the national average, with a Location Quotient of 0.47.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,910 employees in the Dothan, AL area with a job density of 31.756 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 Dothan, AL