In the Eastern Ohio nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,890. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry concentration. The specific pay scales in this area are often influenced by local demand, the prevalence of specific industries, and the overall economic vitality of the nonmetropolitan region.
Executive Summary
- Average Salary: $74,890 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,190.
- Outlook: The Eastern Ohio nonmetropolitan area supports a local workforce of 5,020 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.55, this sector is less concentrated than the national average, suggesting a potentially less saturated but also less specialized job market. The presence of approximately 36.91 jobs per 1,000 workers indicates a moderate level of employment within this occupational group.
Salary Overview
The average Business and Financial Operations Occupations in Eastern Ohio nonmetropolitan area earns-20.8%below the national average.
$36
$1,440
$6,241
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 broader economic trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations across various sectors.
Business and Financial Operations Occupations Salary Distribution in Eastern Ohio nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while mid-career and senior roles, requiring advanced skills and proven track records, see substantial increases. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on expertise and leadership within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,700 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,168 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,520 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,613 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,190 | $56.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,890
Gross Pay
Real Wage (Purchasing Power)
$74,890
Adjusted for COL (100)
The average annual salary of $74,890 in the Eastern Ohio nonmetropolitan area aligns precisely 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, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country.
Job Market Context
5,020
Total Jobs
36.909
Per 1K Jobs
0.55
Location Quotient
Eastern Ohio nonmetropolitan area has 0.55x 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.
A Location Quotient of 0.55 indicates that Business and Financial Operations Occupations are less concentrated in the Eastern Ohio nonmetropolitan area compared to the national average. This suggests that while opportunities exist, the market may be less competitive due to fewer professionals in the field relative to the national benchmark, potentially offering a unique advantage for skilled individuals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Business and Financial Operations Occupations Salary | $72,960↓ 3% | 29 mi |
| Columbus, OH Business and Financial Operations Occupations Salary | $86,290↑ 15% | 32 mi |
| Springfield, OH Business and Financial Operations Occupations Salary | $70,130↓ 6% | 63 mi |
| Sandusky, OH Business and Financial Operations Occupations Salary | $77,990↑ 4% | 73 mi |
| Lima, OH Business and Financial Operations Occupations Salary | $76,460↑ 2% | 75 mi |
Comparing salaries near Eastern Ohio nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Eastern Ohio nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Eastern Ohio nonmetropolitan area is $74,890. This typically ranges from $39,700 for entry-level positions to $117,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Ohio nonmetropolitan area is 20.8% lower than the national median of $94,590.
Is Eastern Ohio nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not as lucrative as the national average.The average salary of $74,890 is significantly lower than the national average of $94,590, despite a national average cost of living. While the market is less concentrated, this does not translate to higher compensation in this region.
Is Eastern Ohio nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Eastern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($72,960) and Columbus, OH.
How does the local salary compare to the national average?
The average annual salary of $74,890 in Eastern Ohio nonmetropolitan areas is considerably lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in Eastern Ohio nonmetropolitan area?
The Cost of Living Index in this region is 100, which is exactly the national average, meaning the cost of goods and services is neither cheaper nor more expensive than the typical US location.
How concentrated is the job market for these roles in Eastern Ohio?
The job market is less concentrated than the national average, with a Location Quotient of 0.55, suggesting fewer professionals in this field relative to the national proportion.
What does the total local workforce size suggest about job availability?
With 5,020 individuals employed in these roles locally, it indicates a substantial, though not nationally dominant, presence of Business and Financial Operations Occupations within the Eastern Ohio 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 5,020 employees in the Eastern Ohio nonmetropolitan area area with a job density of 36.909 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 Ohio nonmetropolitan area