In the East Arkansas nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $61,820. This figure significantly trails the national average of $94,590, reflecting the distinct economic landscape and compensation structures prevalent in nonmetropolitan regions compared to broader national markets.
Executive Summary
- Average Salary: $61,820 per year.
- Growth Trend: Salaries have shifted 6.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,970.
- Outlook: The local market for Business and Financial Operations Occupations in East Arkansas comprises a workforce of 1,990 individuals. With a Location Quotient of 0.43, indicating a concentration less than half the national average, this sector is not a primary driver of the regional economy. The rate of 29.157 jobs per 1,000 workers further suggests a moderate, rather than robust, demand for these specialized roles within the area.
Salary Overview
The average Business and Financial Operations Occupations in East Arkansas nonmetropolitan area earns-34.6%below the national average.
$29.7
$1,189
$5,152
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise region and occupation category is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have experienced incremental growth over the past four years, aligning with broader economic trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in East Arkansas nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales with experience. Entry-level positions often start at the lower percentiles, while senior roles and specialized expertise command salaries in the higher percentiles. The observable gaps between these percentile ranges signify clear career advancement pathways and the increasing value placed on seasoned professionals in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,390 | $15.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $46,365 | $22.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $54,590 | $26.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $77,275 | $37.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,970 | $48.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$61,820
Gross Pay
Real Wage (Purchasing Power)
$61,820
Adjusted for COL (100)
The nominal average annual salary of $61,820 in East Arkansas's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is effectively equivalent to the national average due to the balanced cost of living.
Job Market Context
1,990
Total Jobs
29.157
Per 1K Jobs
0.43
Location Quotient
At 0.43x, East Arkansas nonmetropolitan area 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.
The Location Quotient of 0.43 for Business and Financial Operations Occupations in East Arkansas signifies that this sector is underrepresented compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals, but also potentially indicates a more niche or specialized demand within the local economy.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Business and Financial Operations Occupations Salary | $72,730↑ 18% | 17 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↑ 7% | 51 mi |
Comparing salaries near East Arkansas nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in East Arkansas nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in East Arkansas nonmetropolitan area is $61,820. This typically ranges from $31,390 for entry-level positions to $100,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Arkansas nonmetropolitan area is 34.6% lower than the national median of $94,590.
Is East Arkansas nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national standards.The average salary of $61,820 is substantially lower than the national average, despite a cost of living that matches the national average. The low location quotient also indicates a less concentrated market for these roles.
Is East Arkansas nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in East Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($72,730) and Hot Springs, AR.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in East Arkansas is $61,820, which is significantly lower than the national average of $94,590.
What is the concentration of these jobs in East Arkansas?
The concentration, measured by the Location Quotient, is 0.43, meaning the area has less than half the national average representation of these occupations.
How does the cost of living affect the salary?
The Cost of Living Index is 100, which is the national average. This means that while the salary is lower, its purchasing power is equivalent to the national average.
What is the total workforce size for these roles locally?
There are 1,990 individuals employed in Business and Financial Operations Occupations in the East Arkansas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,990 employees in the East Arkansas nonmetropolitan area area with a job density of 29.157 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 East Arkansas nonmetropolitan area