In the East North Dakota nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,790. This figure is notably below the national average of $94,590, reflecting regional economic factors and potentially a different industry focus compared to more densely populated or specialized economic hubs. The local compensation structure is thus shaped by the unique economic landscape of this nonmetropolitan region.
Executive Summary
- Average Salary: $77,790 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,730.
- Outlook: The job market for Business and Financial Operations Occupations in the East North Dakota nonmetropolitan area, with a total local workforce of 2,490, indicates a stable presence rather than rapid expansion. The Location Quotient of 0.59 suggests that these roles are less concentrated here than the national average, implying a moderate demand that aligns with the region's overall economic activity and workforce composition.
Salary Overview
The average Business and Financial Operations Occupations in East North Dakota nonmetropolitan area earns-17.8%below the national average.
$37.4
$1,496
$6,483
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and inflation typically drive compensation increases, meaning that professionals in Business and Financial Operations Occupations in East North Dakota have likely seen their earnings rise, albeit potentially at a different pace than in major metropolitan centers.
Business and Financial Operations Occupations Salary Distribution in East North Dakota nonmetropolitan area
Within the Business and Financial Operations Occupations sector in East North Dakota, salary progression is typically tied to experience and specialization. Entry-level positions will naturally command lower salaries, while seasoned professionals with advanced skills and a proven track record can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries, often seen across percentiles, signifies clear opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,100 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,343 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,740 | $35 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,238 | $46.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,730 | $53.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,790
Gross Pay
Real Wage (Purchasing Power)
$77,790
Adjusted for COL (100)
The average annual salary of $77,790 in the East North Dakota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the nominal income provides a comparable standard of living to that experienced across the United States. Therefore, relocating to this area for these roles does not present an immediate advantage or disadvantage in terms of cost of living.
Job Market Context
2,490
Total Jobs
39.597
Per 1K Jobs
0.59
Location Quotient
East North Dakota nonmetropolitan area has 0.59x 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 0.59, Business and Financial Operations Occupations are less concentrated in the East North Dakota nonmetropolitan area compared to the national average. This suggests that the job market is not saturated, and there may be opportunities for skilled professionals. However, it also indicates that the demand for these roles is proportionally lower than the national average, meaning the market is less competitive but also potentially offers fewer specialized positions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Business and Financial Operations Occupations Salary | $80,000↑ 3% | 68 mi |
| Minot, ND Business and Financial Operations Occupations Salary | $80,610↑ 4% | 85 mi |
Comparing salaries near East North Dakota nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in East North Dakota nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in East North Dakota nonmetropolitan area is $77,790. This typically ranges from $48,100 for entry-level positions to $111,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East North Dakota nonmetropolitan area is 17.8% lower than the national median of $94,590.
Is East North Dakota nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered particularly lucrative compared to the national average.The average salary of $77,790 is significantly lower than the national average of $94,590, and the lower concentration (LQ of 0.59) suggests less robust demand.
Is East North Dakota nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in East North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($80,000) and Minot, ND.
How does the salary compare to the national average?
The average annual salary of $77,790 in East North Dakota nonmetropolitan area is approximately 17.7% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in East North Dakota nonmetropolitan area?
The Cost of Living Index in the East North Dakota nonmetropolitan area is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How concentrated are Business and Financial Operations jobs in this region?
The Location Quotient of 0.59 indicates that these occupations are less concentrated in East North Dakota nonmetropolitan area than the national average, suggesting a smaller proportion of the workforce is employed in these roles.
What is the total number of Business and Financial Operations professionals in this area?
There are approximately 2,490 individuals employed in Business and Financial Operations Occupations within the East North Dakota 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 2,490 employees in the East North Dakota nonmetropolitan area area with a job density of 39.597 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 North Dakota nonmetropolitan area