Average Business and Financial Operations Occupations Salary in El Paso, TX
In El Paso, TX, professionals in Business and Financial Operations Occupations can expect an average annual salary of $70,120. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the El Paso market. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating compensation.
Executive Summary
- Average Salary: $70,120 per year.
- Growth Trend: Salaries have shifted 5.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,240.
- Outlook: El Paso's Business and Financial Operations sector supports a local workforce of 16,060 individuals. With a Location Quotient of 0.72, the concentration of these roles in El Paso is slightly below the national average, suggesting a stable but not exceptionally concentrated job market. The presence of approximately 48.3 jobs per 1,000 workers indicates a consistent demand for these essential business functions within the city.
Salary Overview
The average Business and Financial Operations Occupations in El Paso, TX earns-25.9%below the national average.
$33.7
$1,348
$5,843
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for El Paso's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation across most professional fields, including finance and business operations.
Business and Financial Operations Occupations Salary Distribution in El Paso, TX
Within the Business and Financial Operations Occupations, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and specialized skills can significantly exceed the average. The percentile gaps in earnings underscore the substantial career growth potential and the rewards for accumulating experience and advancing within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,280 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,590 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,580 | $30.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,650 | $42.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,240 | $51.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$70,120
Gross Pay
Real Wage (Purchasing Power)
$70,120
Adjusted for COL (100)
The average annual salary of $70,120 in El Paso 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, making El Paso an economically stable location for these professionals. While the nominal salary is lower than the national average, the cost of living does not diminish its real value.
Job Market Context
16,060
Total Jobs
48.312
Per 1K Jobs
0.72
Location Quotient
El Paso, TX has 0.72x 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 0.72, El Paso's market for Business and Financial Operations Occupations is less concentrated than the national average. This suggests that while these roles are present and necessary, they are not as dominant a feature of the local economy compared to other regions. This could imply a moderate level of competition for talent, with opportunities available but perhaps fewer than in larger, more finance-centric metropolitan areas.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Las Cruces, NM Business and Financial Operations Occupations Salary | $73,720↑ 5% | 39 mi |
Comparing salaries near El Paso, TX
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in El Paso, TX?
The median annual salary for a Business and Financial Operations Occupations in El Paso, TX is $70,120. This typically ranges from $37,280 for entry-level positions to $107,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in El Paso, TX is 25.9% lower than the national median of $94,590.
Is El Paso, TX a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $70,120 is significantly lower than the national average of $94,590. However, the cost of living being at the national average means the salary's purchasing power is maintained locally.
Is El Paso, TX a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in El Paso, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near El Paso, TX?
Some top paying nearby cities include Las Cruces, NM ($73,720) and others.
How does El Paso's salary for these roles compare to the national average?
The average annual salary in El Paso, TX for Business and Financial Operations Occupations is $70,120, which is considerably lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in El Paso?
El Paso has a Location Quotient of 0.72 for these occupations, indicating a slightly lower concentration compared to the national average.
How does the cost of living in El Paso affect the salary?
El Paso's Cost of Living Index is 100, matching the national average. This means the $70,120 salary has the same purchasing power in El Paso as the national average salary does nationally.
What is the total workforce size for these occupations in El Paso?
There are 16,060 individuals employed in Business and Financial Operations Occupations in El Paso, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,060 employees in the El Paso, TX area with a job density of 48.312 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 El Paso, TX