Average Business and Financial Operations Occupations Salary in Florence-Muscle Shoals, AL
In Florence-Muscle Shoals, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $70,660. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the area. The localized pay scale is a direct consequence of the economic landscape and the concentration of these roles within the Florence-Muscle Shoals workforce.
Executive Summary
- Average Salary: $70,660 per year.
- Growth Trend: Salaries have shifted 1.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,980.
- Outlook: The Florence-Muscle Shoals area supports a local workforce of 2,280 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.61, these roles are less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. The figure of 41.167 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment in this sector.
Salary Overview
The average Business and Financial Operations Occupations in Florence-Muscle Shoals, AL earns-25.3%below the national average.
$34
$1,359
$5,888
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Florence-Muscle Shoals is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations have experienced growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive incremental salary increases in specialized fields, even in localized markets.
Business and Financial Operations Occupations Salary Distribution in Florence-Muscle Shoals, AL
Salary progression within Business and Financial Operations Occupations in Florence-Muscle Shoals typically scales with experience. Entry-level positions will naturally command lower salaries, while senior roles, requiring extensive expertise and leadership, will see significantly higher compensation. The percentile gaps between these levels underscore the substantial career growth and earning potential available to dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,060 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,995 | $25.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $57,600 | $27.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,325 | $42.5 |
| 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
$70,660
Gross Pay
Real Wage (Purchasing Power)
$70,660
Adjusted for COL (100)
The average annual salary of $70,660 in Florence-Muscle Shoals aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary has the same purchasing power as the national average salary would in a typical U.S. location. Therefore, while the salary is lower than the national average, the cost of living does not present a disadvantage in terms of real income.
Job Market Context
2,280
Total Jobs
41.167
Per 1K Jobs
0.61
Location Quotient
Florence-Muscle Shoals, AL has 0.61x 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 0.61, the Business and Financial Operations Occupations sector in Florence-Muscle Shoals is less concentrated than the national average. This suggests that while these roles are present and necessary, they do not form a dominant industry cluster. The market is likely stable, with opportunities available but perhaps less competition and fewer specialized roles compared to larger metropolitan areas.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Florence-Muscle Shoals, AL?
The median annual salary for a Business and Financial Operations Occupations in Florence-Muscle Shoals, AL is $70,660. This typically ranges from $41,060 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 Florence-Muscle Shoals, AL is 25.3% lower than the national median of $94,590.
Is Florence-Muscle Shoals, AL a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.While the average salary of $70,660 is stable against the local cost of living, it falls significantly short of the national average. The lower concentration of these roles also indicates a less robust specialized job market.
Is Florence-Muscle Shoals, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Florence-Muscle Shoals, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence-Muscle Shoals, AL?
Some top paying nearby cities include Decatur, AL ($78,930) and Huntsville, AL.
How does the Florence-Muscle Shoals salary compare to the national average?
The average salary of $70,660 in Florence-Muscle Shoals is approximately 25% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What does a Location Quotient of 0.61 mean for job seekers?
A Location Quotient of 0.61 indicates that Business and Financial Operations Occupations are less concentrated in Florence-Muscle Shoals than the national average. This might mean fewer specialized job openings but potentially less competition for general roles.
Does the Cost of Living in Florence-Muscle Shoals impact the salary's value?
No, the local Cost of Living Index of 100 means the $70,660 salary has the same purchasing power as the national average salary in a typical U.S. location, offsetting the lower nominal pay.
What is the total number of Business and Financial Operations jobs in Florence-Muscle Shoals?
There are approximately 2,280 individuals employed in Business and Financial Operations Occupations within the Florence-Muscle Shoals, AL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,280 employees in the Florence-Muscle Shoals, AL area with a job density of 41.167 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 Florence-Muscle Shoals, AL