In the East Tennessee nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $70,660. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and industry concentration. The specific economic landscape and demand within this nonmetropolitan region significantly influence compensation levels for these vital roles.
Executive Summary
- Average Salary: $70,660 per year.
- Growth Trend: Salaries have shifted 23.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,190.
- Outlook: The East Tennessee nonmetropolitan area supports a local workforce of 4,130 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.43, this sector is less concentrated than the national average, suggesting a potentially less robust or specialized job market compared to more metropolitan areas. While the absolute number of jobs indicates a presence, the lower concentration implies that demand may not be as high or as specialized as in other regions.
Salary Overview
The average Business and Financial Operations Occupations in East Tennessee nonmetropolitan area earns-25.3%below the national average.
$34
$1,359
$5,888
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise likely contribute to incremental salary increases, even in less concentrated markets.
Business and Financial Operations Occupations Salary Distribution in East Tennessee nonmetropolitan area
Salaries within Business and Financial Operations Occupations typically scale with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher compensation. The percentile gaps between entry-level and senior roles highlight the substantial career progression and earning potential available to those who advance within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,600 | $17.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,995 | $25.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,650 | $30.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,325 | $42.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,190 | $56.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$70,660
Gross Pay
Real Wage (Purchasing Power)
$70,660
Adjusted for COL (100)
The average annual salary of $70,660 in the East Tennessee nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the real value of this income is comparable to what one might experience in a higher-cost national average area.
Job Market Context
4,130
Total Jobs
28.917
Per 1K Jobs
0.43
Location Quotient
At 0.43x, East Tennessee 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.
A Location Quotient of 0.43 for Business and Financial Operations Occupations in the East Tennessee nonmetropolitan area indicates that this sector is significantly underrepresented compared to the national average. This suggests a less competitive job market with fewer specialized roles and potentially lower demand for these professionals relative to the general workforce. Employers may have a wider talent pool to choose from, but opportunities might be more limited.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Business and Financial Operations Occupations Salary | $83,380↑ 18% | 29 mi |
| Clarksville, TN-KY Business and Financial Operations Occupations Salary | $72,020↑ 2% | 67 mi |
| Huntsville, AL Business and Financial Operations Occupations Salary | $100,830↑ 43% | 73 mi |
| Decatur, AL Business and Financial Operations Occupations Salary | $78,930↑ 12% | 83 mi |
| Florence-Muscle Shoals, AL Business and Financial Operations Occupations Salary | $70,660- 0% | 84 mi |
Comparing salaries near East Tennessee nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in East Tennessee nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in East Tennessee nonmetropolitan area is $70,660. This typically ranges from $35,600 for entry-level positions to $118,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Tennessee nonmetropolitan area is 25.3% lower than the national median of $94,590.
Is East Tennessee 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 $70,660 is substantially lower than the national average of $94,590, and the sector's concentration (Location Quotient of 0.43) is less than half the national average.
Is East Tennessee nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in East Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($83,380) and Clarksville, TN-KY.
How does the salary compare to the national average?
The average annual salary of $70,660 in East Tennessee nonmetropolitan areas is approximately 25% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the cost of living in East Tennessee nonmetropolitan area?
The cost of living in the East Tennessee nonmetropolitan area is exactly at the national average, with an index of 100.
How concentrated are Business and Financial Operations jobs in this region?
This region has a lower concentration of these jobs, with a Location Quotient of 0.43, meaning the jobs are less than half as common as the national average.
How many Business and Financial Operations jobs are there per 1,000 workers?
There are approximately 28.9 Business and Financial Operations jobs for every 1,000 workers in the East Tennessee 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 4,130 employees in the East Tennessee nonmetropolitan area area with a job density of 28.917 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 Tennessee nonmetropolitan area