In the Eastern New Mexico nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,680. This figure is notably below the national average of $94,590, reflecting the unique economic dynamics and potentially lower demand for these specialized roles outside of major metropolitan hubs. The localized pay scale is a direct consequence of regional economic factors and the specific industry concentration within this area.
Executive Summary
- Average Salary: $78,680 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,790.
- Outlook: The job market for Business and Financial Operations Occupations in the Eastern New Mexico nonmetropolitan area is characterized by a workforce of 5,730 individuals. With a Location Quotient of 0.52, these roles are less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. The rate of 35.034 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment in this sector.
Salary Overview
The average Business and Financial Operations Occupations in Eastern New Mexico nonmetropolitan area earns-16.8%below the national average.
$37.8
$1,513
$6,557
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 gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations, even in less urbanized regions.
Business and Financial Operations Occupations Salary Distribution in Eastern New Mexico nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions often 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 career advancement opportunities, rewarding increased responsibility, expertise, and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,440 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,010 | $28.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,870 | $35 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,350 | $47.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,790 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,680
Gross Pay
Real Wage (Purchasing Power)
$78,680
Adjusted for COL (100)
The nominal average annual salary of $78,680 in Eastern New Mexico nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary is equivalent to the national standard, suggesting that the lower nominal wage is balanced by the local cost of living.
Job Market Context
5,730
Total Jobs
35.034
Per 1K Jobs
0.52
Location Quotient
Eastern New Mexico nonmetropolitan area has 0.52x 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 0.52, the market for Business and Financial Operations Occupations in Eastern New Mexico nonmetropolitan area is less concentrated than the national average. This indicates that these roles are not as prevalent or in as high demand relative to other occupations compared to the rest of the country, suggesting a potentially less competitive, but also less robust, job market for these professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Business and Financial Operations Occupations Salary | $85,950↑ 9% | 29 mi |
| Santa Fe, NM Business and Financial Operations Occupations Salary | $73,950↓ 6% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Eastern New Mexico nonmetropolitan area is $78,680. This typically ranges from $41,440 for entry-level positions to $126,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 16.8% lower than the national median of $94,590.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $78,680 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Eastern New Mexico nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($85,950) and Santa Fe, NM.
How does the local salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Eastern New Mexico nonmetropolitan area is $78,680, which is below the national average of $94,590.
What is the concentration of these jobs in Eastern New Mexico?
The Location Quotient of 0.52 indicates that Business and Financial Operations Occupations are less concentrated in this area compared to the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, matching the national average. This means the $78,680 salary has the same purchasing power as the national average salary.
What is the total workforce size for these roles locally?
There are 5,730 individuals employed in Business and Financial Operations Occupations in the Eastern New Mexico 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 5,730 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 35.034 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 Eastern New Mexico nonmetropolitan area