Average Business and Financial Operations Occupations Salary in Elmira, NY
In Elmira, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,440. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the Elmira market. The local economic landscape and the concentration of these roles directly influence the compensation offered to these vital professionals.
Executive Summary
- Average Salary: $83,440 per year.
- Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,400.
- Outlook: Elmira, NY supports a local workforce of 1,210 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.53, these roles are less concentrated than the national average, suggesting a potentially less saturated but also less robustly demanded market. The presence of approximately 36 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment opportunity within this sector in the region.
Salary Overview
The average Business and Financial Operations Occupations in Elmira, NY earns-11.8%below the national average.
$40.1
$1,605
$6,953
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Elmira'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, suggesting that salaries in this field have likely seen modest but consistent appreciation in Elmira.
Business and Financial Operations Occupations Salary Distribution in Elmira, NY
Salaries for Business and Financial Operations Occupations in Elmira, NY, naturally scale with experience. Entry-level positions typically command lower salaries, while senior roles with extensive experience and specialized skills can earn significantly more. The progression from junior to senior levels is often marked by substantial percentile gaps in earnings, reflecting increased responsibility, expertise, and market value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,890 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,580 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,710 | $35.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,300 | $50.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,400 | $63.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,440
Gross Pay
Real Wage (Purchasing Power)
$83,440
Adjusted for COL (100)
The average annual salary of $83,440 in Elmira, NY, aligns perfectly with the national average cost of living index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a balanced financial standing for residents. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay is relatively stable in terms of what it can purchase locally.
Job Market Context
1,210
Total Jobs
35.877
Per 1K Jobs
0.53
Location Quotient
Elmira, NY has 0.53x 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 0.53, Business and Financial Operations Occupations are less concentrated in Elmira, NY, compared to the national average. This indicates that the job market for these roles is not as saturated as in many other parts of the country. While this might suggest fewer job openings overall, it could also mean less intense competition for available positions, potentially offering a unique advantage to skilled professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Business and Financial Operations Occupations Salary | $84,190↑ 1% | 29 mi |
| Binghamton, NY Business and Financial Operations Occupations Salary | $87,570↑ 5% | 46 mi |
| Williamsport, PA Business and Financial Operations Occupations Salary | $73,310↓ 12% | 60 mi |
| Northwestern Pennsylvania nonmetropolitan area Business and Financial Operations Occupations Salary | $68,930↓ 17% | 65 mi |
| Central Pennsylvania nonmetropolitan area Business and Financial Operations Occupations Salary | $72,640↓ 13% | 65 mi |
Comparing salaries near Elmira, NY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Elmira, NY?
The median annual salary for a Business and Financial Operations Occupations in Elmira, NY is $83,440. This typically ranges from $42,890 for entry-level positions to $131,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elmira, NY is 11.8% lower than the national median of $94,590.
Is Elmira, NY a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $83,440 is below the national average, and the job market concentration is less than the national benchmark. However, the cost of living being at the national average provides some financial stability.
Is Elmira, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Elmira, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elmira, NY?
Some top paying nearby cities include Ithaca, NY ($84,190) and Binghamton, NY.
How does Elmira's salary compare to the national average for this field?
The average annual salary in Elmira, NY, is $83,440, which is below the national average of $94,590 for Business and Financial Operations Occupations.
What is the cost of living in Elmira, NY relative to the nation?
Elmira, NY has a cost of living index of 100, which is exactly at the national average, meaning it is neither more nor less expensive to live there than the typical US location.
How concentrated are Business and Financial Operations jobs in Elmira?
The concentration of these jobs in Elmira, indicated by a Location Quotient of 0.53, is significantly lower than the national average, suggesting fewer specialized roles relative to the overall workforce.
What does the total local workforce size suggest about job availability?
With 1,210 individuals employed in these roles locally, the workforce size indicates a stable presence of these occupations, though the lower concentration suggests it may not be a primary hub for this industry.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,210 employees in the Elmira, NY area with a job density of 35.877 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Elmira, NY
- All Occupations Salary in Elmira, NY
- Office and Administrative Support Occupations Salary in Elmira, NY
- Food Preparation and Serving Related Occupations Salary in Elmira, NY
- Sales and Related Occupations Salary in Elmira, NY
- Transportation and Material Moving Occupations Salary in Elmira, NY
- Production Occupations Salary in Elmira, NY
- Healthcare Practitioners and Technical Occupations Salary in Elmira, NY
- Educational Instruction and Library Occupations Salary in Elmira, NY
- Management Occupations Salary in Elmira, NY
- Installation, Maintenance, and Repair Occupations Salary in Elmira, NY
- Browse All Jobs in Elmira, NY →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Elmira, NY