Average Business and Financial Operations Occupations Salary in Erie, PA
In Erie, PA, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,780. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the Erie area. Local market dynamics and the concentration of these roles significantly influence compensation levels.
Executive Summary
- Average Salary: $74,780 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,510.
- Outlook: Erie, PA supports a local workforce of 5,250 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.65, these roles are less concentrated in Erie compared to the national average, suggesting a moderate but stable demand within the local economy. The presence of nearly 44 jobs per 1,000 workers indicates a consistent need for these specialized skills.
Salary Overview
The average Business and Financial Operations Occupations in Erie, PA earns-20.9%below the national average.
$36
$1,438
$6,232
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 Erie, PA have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Erie, PA
Career progression within Business and Financial Operations Occupations in Erie, PA, significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while senior roles, requiring extensive experience and specialized skills, command higher compensation. The widening gap between entry-level and senior salaries reflects the substantial value placed on experience and leadership in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,930 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,085 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,800 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,475 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,510 | $57.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,780
Gross Pay
Real Wage (Purchasing Power)
$74,780
Adjusted for COL (100)
The average annual salary of $74,780 in Erie, PA, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, making the effective take-home pay comparable to other regions despite the lower nominal wage.
Job Market Context
5,250
Total Jobs
43.875
Per 1K Jobs
0.65
Location Quotient
Erie, PA has 0.65x 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 0.65, Business and Financial Operations Occupations are less prevalent in Erie, PA, than the national average. This suggests that while the market is not saturated, the demand might be more specialized or less robust compared to larger metropolitan areas, indicating a potentially competitive environment for job seekers looking to enter or advance in these roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Youngstown-Warren, OH Business and Financial Operations Occupations Salary | $73,120↓ 2% | 76 mi |
| Buffalo-Cheektowaga, NY Business and Financial Operations Occupations Salary | $87,710↑ 17% | 83 mi |
| Cleveland, OH Business and Financial Operations Occupations Salary | $84,290↑ 13% | 94 mi |
Comparing salaries near Erie, PA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Erie, PA?
The median annual salary for a Business and Financial Operations Occupations in Erie, PA is $74,780. This typically ranges from $39,930 for entry-level positions to $119,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Erie, PA is 20.9% lower than the national median of $94,590.
Is Erie, PA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $74,780 is below the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power of the salary is comparable.
Is Erie, PA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Erie, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Erie, PA?
Some top paying nearby cities include Youngstown-Warren, OH ($73,120) and Buffalo-Cheektowaga, NY.
How does the Erie, PA salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Erie, PA is $74,780, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations Occupations in Erie, PA?
The concentration, measured by the Location Quotient, is 0.65, indicating that these occupations are less common in Erie, PA, compared to the national average.
How does the cost of living in Erie, PA affect the salary?
Erie, PA has a Cost of Living Index of 100, which is the national average. This means that the $74,780 salary has the same purchasing power as the national average salary.
How many Business and Financial Operations Occupations jobs are there per 1,000 workers in Erie, PA?
There are approximately 43.875 jobs per 1,000 workers in Business and Financial Operations Occupations in Erie, PA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,250 employees in the Erie, PA area with a job density of 43.875 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 Erie, PA