Average Business and Financial Operations Occupations Salary in Evansville, IN
In Evansville, IN, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,260. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within the local market. While the nominal salary is lower, the cost of living in Evansville aligns with the national average, offering a different perspective on purchasing power.
Executive Summary
- Average Salary: $77,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,830.
- Outlook: The Business and Financial Operations sector in Evansville, IN, supports a local workforce of 5,850 individuals. With a Location Quotient of 0.65, the concentration of these roles is below the national average, suggesting a market that is not oversaturated but perhaps less robust in terms of specialized opportunities compared to larger metropolitan areas. The presence of 43.331 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these critical functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Evansville, IN earns-18.3%below the national average.
$37.1
$1,486
$6,438
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Evansville's Business and Financial Operations sector 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 for skilled professionals. Therefore, individuals in these roles in Evansville likely have experienced modest salary advancements, aligning with broader economic recovery and growth.
Business and Financial Operations Occupations Salary Distribution in Evansville, IN
Career progression within Business and Financial Operations Occupations in Evansville, IN, typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the typical salary range can span from approximately $50,000 for junior roles to well over $100,000 for highly experienced managers or specialists. These percentile gaps are crucial indicators of career advancement, demonstrating the substantial earning potential as professionals gain experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,810 | $20.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,945 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,520 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,575 | $46.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,830 | $56.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,260
Gross Pay
Real Wage (Purchasing Power)
$77,260
Adjusted for COL (100)
The average annual salary of $77,260 in Evansville, IN, is positioned directly against a Cost of Living Index of 100, which is the national average. This means that the nominal income earned by professionals in Business and Financial Operations Occupations holds purchasing power equivalent to the national average. While the salary is lower than the national average, the stable cost of living suggests that the real value of this income is not significantly diminished, offering a balanced financial landscape for residents.
Job Market Context
5,850
Total Jobs
43.331
Per 1K Jobs
0.65
Location Quotient
Evansville, IN 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, the Business and Financial Operations job market in Evansville, IN, is less concentrated than the national average. This indicates that while these roles are present and necessary, they are not as abundant or specialized as in larger economic hubs. This lower concentration suggests a potentially less competitive environment for job seekers in certain niche areas, but also implies fewer opportunities for highly specialized career paths within this sector compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Business and Financial Operations Occupations Salary | $71,290↓ 8% | 28 mi |
| Paducah, KY-IL Business and Financial Operations Occupations Salary | $72,400↓ 6% | 88 mi |
| Bowling Green, KY Business and Financial Operations Occupations Salary | $69,850↓ 10% | 92 mi |
| Elizabethtown, KY Business and Financial Operations Occupations Salary | $79,540↑ 3% | 93 mi |
| Bloomington, IN Business and Financial Operations Occupations Salary | $79,470↑ 3% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Evansville, IN?
The median annual salary for a Business and Financial Operations Occupations in Evansville, IN is $77,260. This typically ranges from $41,810 for entry-level positions to $117,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 18.3% lower than the national median of $94,590.
Is Evansville, IN a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average salary.The average salary of $77,260 is significantly lower than the national average of $94,590. However, the cost of living being at the national average means the purchasing power is relatively stable.
Is Evansville, IN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($71,290) and Paducah, KY-IL.
How does the Evansville salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Evansville, IN, is $77,260, which is below the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Evansville?
The concentration, measured by the Location Quotient, is 0.65, indicating fewer of these roles relative to the national average.
How does the cost of living in Evansville affect salary perception?
Evansville's Cost of Living Index is 100, matching the national average. This means the $77,260 salary has purchasing power equivalent to the national average, despite being lower nominally.
What is the total workforce size for these occupations in Evansville?
There are approximately 5,850 individuals employed in Business and Financial Operations Occupations in Evansville, IN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,850 employees in the Evansville, IN area with a job density of 43.331 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 Evansville, IN