In the Eastern Wyoming nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,040. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and potentially lower demand for these specialized roles outside of major metropolitan hubs. The specific economic drivers and industry concentration within this region play a significant role in shaping compensation levels.
Executive Summary
- Average Salary: $82,040 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,050.
- Outlook: The job market for Business and Financial Operations Occupations in Eastern Wyoming's nonmetropolitan area is characterized by a workforce of 3,480 individuals. With a Location Quotient of 0.61, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The number of jobs per 1,000 workers stands at 41.088, providing a snapshot of employment density within this sector in the region.
Salary Overview
The average Business and Financial Operations Occupations in Eastern Wyoming nonmetropolitan area earns-13.3%below the national average.
$39.4
$1,578
$6,837
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this localized segment is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations across the nation have experienced steady growth over the past four years, driven by inflation, increased demand for financial expertise, and evolving business needs. This upward trend likely extends to the Eastern Wyoming nonmetropolitan area, albeit potentially at a more moderate pace influenced by regional economic factors.
Business and Financial Operations Occupations Salary Distribution in Eastern Wyoming nonmetropolitan area
Within the Business and Financial Operations Occupations field, salary progression is typically tied to experience and specialization. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and advanced skills can command significantly higher salaries, reaching into the upper percentiles. The widening gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased earning potential within this occupational group.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,200 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,530 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,230 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,550 | $49.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,050 | $60.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,040
Gross Pay
Real Wage (Purchasing Power)
$82,040
Adjusted for COL (100)
The nominal average annual salary of $82,040 in Eastern Wyoming's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is comparable to the national average. While the salary is lower than the national average, the equivalent cost of living suggests that the real value of the earnings may not be as significantly diminished as a direct comparison of nominal salaries might imply.
Job Market Context
3,480
Total Jobs
41.088
Per 1K Jobs
0.61
Location Quotient
Eastern Wyoming nonmetropolitan area has 0.61x 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.
The Location Quotient of 0.61 for Business and Financial Operations Occupations in Eastern Wyoming's nonmetropolitan area indicates that these roles are less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but it could also imply a more limited number of available opportunities compared to more densely populated or economically diverse regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Casper, WY Business and Financial Operations Occupations Salary | $86,320↑ 5% | 50 mi |
Comparing salaries near Eastern Wyoming nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Eastern Wyoming nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Eastern Wyoming nonmetropolitan area is $82,040. This typically ranges from $43,200 for entry-level positions to $125,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Wyoming nonmetropolitan area is 13.3% lower than the national median of $94,590.
Is Eastern Wyoming nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $82,040 is significantly lower than the national average of $94,590, despite a cost of living that matches the national index.
Is Eastern Wyoming nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Eastern Wyoming nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Wyoming nonmetropolitan area?
Some top paying nearby cities include Casper, WY ($86,320) and others.
How does the salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Eastern Wyoming nonmetropolitan area is $82,040, which is below the national average of $94,590.
What is the concentration of these jobs in Eastern Wyoming?
The concentration of Business and Financial Operations Occupations in this region is indicated by a Location Quotient of 0.61, meaning it is less concentrated than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local cost of living is on par with the national average, suggesting the $82,040 salary has a purchasing power equivalent to the national average.
What is the total workforce size for these occupations in the area?
There are approximately 3,480 individuals employed in Business and Financial Operations Occupations in the Eastern Wyoming 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 3,480 employees in the Eastern Wyoming nonmetropolitan area area with a job density of 41.088 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 Wyoming nonmetropolitan area