Average Business and Financial Operations Occupations Salary in Elizabethtown, KY
In Elizabethtown, KY, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,540. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape and the concentration of these roles in Elizabethtown likely contribute to this differential.
Executive Summary
- Average Salary: $79,540 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,730.
- Outlook: Elizabethtown, KY supports a local workforce of 3,540 individuals within Business and Financial Operations Occupations. With a Location Quotient of 1.03, the concentration of these roles is slightly above the national average, indicating a stable and perhaps growing demand for these professionals in the local job market. The presence of 68.892 jobs per 1,000 workers further underscores the significance of this sector to the regional economy.
Salary Overview
The average Business and Financial Operations Occupations in Elizabethtown, KY earns-15.9%below the national average.
$38.2
$1,530
$6,628
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Elizabethtown, KY have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations, leading to a gradual upward adjustment in compensation.
Business and Financial Operations Occupations Salary Distribution in Elizabethtown, KY
Within the Business and Financial Operations Occupations field in Elizabethtown, KY, salary progression is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher earnings. The percentile gaps in salary distribution reflect this career trajectory, with senior roles occupying the upper echelons of the pay scale.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,070 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,655 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,940 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,425 | $47.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,730 | $54.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,540
Gross Pay
Real Wage (Purchasing Power)
$79,540
Adjusted for COL (100)
The nominal average annual salary of $79,540 in Elizabethtown, KY aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the effective financial standing of these professionals relatively stable within the local context.
Job Market Context
3,540
Total Jobs
68.892
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Elizabethtown, KY has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.03, the market for Business and Financial Operations Occupations in Elizabethtown, KY is slightly more concentrated than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market. While the demand is present and slightly elevated, professionals may find a competitive landscape, but opportunities are likely consistent with the size of the local workforce.
Nearby Job Markets
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Comparing salaries near Elizabethtown, KY
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Elizabethtown, KY?
The median annual salary for a Business and Financial Operations Occupations in Elizabethtown, KY is $79,540. This typically ranges from $47,070 for entry-level positions to $113,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elizabethtown, KY is 15.9% lower than the national median of $94,590.
Is Elizabethtown, KY a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.While the salary of $79,540 is competitive within the local context and matches the national cost of living, it falls below the national average salary for these roles. The slightly above-average concentration of jobs indicates steady demand but not necessarily premium compensation.
Is Elizabethtown, KY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Elizabethtown, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elizabethtown, KY?
Some top paying nearby cities include Louisville/Jefferson County, KY-IN ($78,230) and Bowling Green, KY.
How does Elizabethtown's cost of living compare to the national average?
Elizabethtown, KY has a cost of living index of 100, which is exactly the national average. This means that the general expenses for goods, services, and housing are comparable to the national standard.
Is the concentration of Business and Financial Operations jobs high in Elizabethtown?
Yes, the concentration is slightly higher than the national average, with a Location Quotient of 1.03. This indicates a marginally greater presence of these roles relative to the overall workforce compared to the rest of the country.
What is the total number of Business and Financial Operations professionals in Elizabethtown?
There are approximately 3,540 individuals employed in Business and Financial Operations Occupations in Elizabethtown, KY.
How many Business and Financial Operations jobs are there per 1,000 workers in Elizabethtown?
Elizabethtown, KY has 68.892 jobs per 1,000 workers within the Business and Financial Operations Occupations sector, indicating a significant presence of these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,540 employees in the Elizabethtown, KY area with a job density of 68.892 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 Elizabethtown, KY