Average Business and Financial Operations Occupations Salary in Fargo, ND-MN
In Fargo, ND-MN, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,480. This figure is notably below the national average of $94,590, indicating localized economic factors and demand dynamics influencing compensation in this region. The specific economic landscape and industry concentration within Fargo contribute to this pay differential.
Executive Summary
- Average Salary: $77,480 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,980.
- Outlook: The Fargo, ND-MN metropolitan area supports a substantial workforce of 8,530 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.86, this sector is slightly less concentrated than the national average, suggesting a stable yet not overly saturated job market. The presence of nearly 58 jobs per 1,000 workers points to consistent demand for these essential roles.
Salary Overview
The average Business and Financial Operations Occupations in Fargo, ND-MN earns-18.1%below the national average.
$37.3
$1,490
$6,457
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Fargo have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs within the region likely contribute to incremental increases in compensation, reflecting a dynamic job market.
Business and Financial Operations Occupations Salary Distribution in Fargo, ND-MN
Salary progression within Business and Financial Operations Occupations in Fargo, ND-MN, typically scales with experience. Entry-level positions may start at a lower percentile, while senior roles and specialized expertise command higher earnings. The widening gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased earning potential for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,340 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,110 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,040 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,850 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,980 | $56.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,480
Gross Pay
Real Wage (Purchasing Power)
$77,480
Adjusted for COL (100)
For individuals considering a move to Fargo, ND-MN, the average salary of $77,480 aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is equivalent to the national standard, making Fargo an economically stable choice from a cost-of-living perspective.
Job Market Context
8,530
Total Jobs
57.784
Per 1K Jobs
0.86
Location Quotient
Fargo, ND-MN has 0.86x 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.
A Location Quotient of 0.86 for Business and Financial Operations Occupations in Fargo, ND-MN, indicates that this sector is slightly underrepresented compared to the national average. This suggests a competitive job market where demand may slightly outpace the local supply of specialized talent, potentially offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN Business and Financial Operations Occupations Salary | $76,120↓ 2% | 74 mi |
Comparing salaries near Fargo, ND-MN
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Fargo, ND-MN?
The median annual salary for a Business and Financial Operations Occupations in Fargo, ND-MN is $77,480. This typically ranges from $47,340 for entry-level positions to $116,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 18.1% lower than the national median of $94,590.
Is Fargo, ND-MN a lucrative place for Business and Financial Operations Occupationss?
No, but it offers stable purchasing power.While the average salary of $77,480 is below the national average, Fargo's cost of living is also at the national average. This means your earnings will have equivalent purchasing power to the national standard.
Is Fargo, ND-MN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($76,120) and others.
How does Fargo's Business and Financial Operations job market compare to the national average?
Fargo's job market for these roles is slightly less concentrated than the national average, with a Location Quotient of 0.86, indicating a stable but not overly saturated environment.
What is the average salary for Business and Financial Operations in Fargo, ND-MN?
The average annual salary for Business and Financial Operations Occupations in Fargo, ND-MN is $77,480.
How does the cost of living in Fargo affect salary perception?
With a Cost of Living Index of 100, Fargo's cost of living matches the national average, meaning the $77,480 salary offers comparable purchasing power to the national average salary.
What is the size of the Business and Financial Operations workforce in Fargo?
The total local workforce for Business and Financial Operations Occupations in Fargo, ND-MN is 8,530 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,530 employees in the Fargo, ND-MN area with a job density of 57.784 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 Fargo, ND-MN