Average Business and Financial Operations Occupations Salary in Dover, DE
In Dover, Delaware, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,890. 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. While the nominal salary may seem lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $77,890 per year.
- Growth Trend: Salaries have shifted 5.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,340.
- Outlook: Dover, DE supports a local workforce of 4,050 individuals within Business and Financial Operations Occupations. The location quotient of 0.88 indicates a concentration slightly below the national average, suggesting a stable but not exceptionally dense market for these roles. With 59.165 jobs per 1,000 workers, the presence of these professionals is consistent with national employment patterns, pointing towards a steady demand for their expertise.
Salary Overview
The average Business and Financial Operations Occupations in Dover, DE earns-17.7%below the national average.
$37.5
$1,498
$6,491
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Dover, DE is not provided, it is reasonable to assume that Business and Financial Operations Occupations have experienced salary growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry needs typically drive an upward trajectory in compensation for skilled professionals in this sector, even in localized markets.
Business and Financial Operations Occupations Salary Distribution in Dover, DE
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps in earnings highlight clear career advancement pathways and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,010 | $21.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,418 | $28.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,850 | $33.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,363 | $46.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,340 | $57.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,890
Gross Pay
Real Wage (Purchasing Power)
$77,890
Adjusted for COL (100)
The average annual salary of $77,890 in Dover, DE aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of this salary is comparable to the national standard, offering a balanced financial environment for residents. While the nominal salary is below the national average for the occupation, the stable cost of living suggests that the take-home pay can support a comparable lifestyle.
Job Market Context
4,050
Total Jobs
59.165
Per 1K Jobs
0.88
Location Quotient
Dover, DE has 0.88x 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 0.88, Dover, DE's market for Business and Financial Operations Occupations is slightly less concentrated than the national average. This suggests that while the demand exists, the field is not oversaturated, potentially offering a competitive landscape for skilled professionals. The job market is stable, with opportunities available for those seeking to enter or advance within these crucial operational roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Dover, DE
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Dover, DE?
The median annual salary for a Business and Financial Operations Occupations in Dover, DE is $77,890. This typically ranges from $45,010 for entry-level positions to $120,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Dover, DE is 17.7% lower than the national median of $94,590.
Is Dover, DE a lucrative place for Business and Financial Operations Occupationss?
No, not significantly more lucrative than the national average.The average salary of $77,890 is below the national average, although the cost of living is also at the national average, balancing the financial impact.
Is Dover, DE a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Dover, DE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Dover, DE?
Some top paying nearby cities include Sussex Delaware nonmetropolitan area ($79,070) and Vineland, NJ.
How does Dover, DE's job market compare to the national average for this field?
Dover, DE has a slightly lower concentration of these roles compared to the national average, as indicated by a location quotient of 0.88, suggesting a stable but less dense market.
What is the average salary for Business and Financial Operations Occupations in Dover, DE?
The average annual salary for Business and Financial Operations Occupations in Dover, DE is $77,890.
How does the cost of living in Dover, DE affect the salary?
Dover, DE has a cost of living index of 100, which is the national average. This means the $77,890 salary has purchasing power equivalent to the national average.
What does a location quotient of 0.88 mean for job seekers?
A location quotient of 0.88 signifies that the proportion of Business and Financial Operations Occupations professionals in Dover, DE is slightly lower than the national average, indicating a potentially competitive but stable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,050 employees in the Dover, DE area with a job density of 59.165 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 Dover, DE