Average Business and Financial Operations Occupations Salary in Fort Smith, AR-OK
In Fort Smith, AR-OK, professionals in Business and Financial Operations Occupations earn an average annual salary of $68,550. This figure is notably below the national average of $94,590, reflecting regional economic factors and a different demand landscape. The local cost of living, however, aligns with the national average, suggesting a different value proposition for these roles.
Executive Summary
- Average Salary: $68,550 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,850.
- Outlook: With a local workforce of 3,800 individuals in Business and Financial Operations, and a Location Quotient of 0.59, the job market in Fort Smith indicates a concentration below the national average. This suggests that while the sector is present, it is not as dominant a feature of the local economy compared to national trends, implying a stable but not rapidly expanding demand.
Salary Overview
The average Business and Financial Operations Occupations in Fort Smith, AR-OK earns-27.5%below the national average.
$33
$1,318
$5,713
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Business and Financial Operations roles in Fort Smith have experienced gradual growth over the past four years, mirroring general economic trends. This growth is likely influenced by inflation, evolving industry demands, and the need to retain talent within the region, even if the pace differs from national benchmarks.
Business and Financial Operations Occupations Salary Distribution in Fort Smith, AR-OK
Career progression within Business and Financial Operations in Fort Smith typically sees a significant salary increase from entry-level to senior positions. The widening salary gap between the 25th and 75th percentiles, and further to the 90th percentile, clearly signifies the value placed on experience, specialized skills, and leadership within the local market, offering a clear path for advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,850 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,413 | $24.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,590 | $28.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,688 | $41.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,850 | $52.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$68,550
Gross Pay
Real Wage (Purchasing Power)
$68,550
Adjusted for COL (100)
The nominal average salary of $68,550 in Fort Smith, AR-OK, when compared to a Cost of Living Index of 100 (matching the national average), suggests that the purchasing power of this income is on par with the national standard. While the salary is lower than the national average, the equivalent cost of living means that the take-home pay offers comparable living standards to many other areas.
Job Market Context
3,800
Total Jobs
39.418
Per 1K Jobs
0.59
Location Quotient
Fort Smith, AR-OK has 0.59x 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 0.59 for Business and Financial Operations in Fort Smith, AR-OK, indicates that this sector is less concentrated than the national average. This suggests that while opportunities exist, the market is not saturated, and professionals may face less direct competition compared to more concentrated national hubs. It implies a steady, albeit not booming, demand for these specialized skills.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Business and Financial Operations Occupations Salary | $86,720↑ 27% | 51 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↓ 3% | 96 mi |
Comparing salaries near Fort Smith, AR-OK
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Fort Smith, AR-OK?
The median annual salary for a Business and Financial Operations Occupations in Fort Smith, AR-OK is $68,550. This typically ranges from $35,850 for entry-level positions to $109,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Smith, AR-OK is 27.5% lower than the national median of $94,590.
Is Fort Smith, AR-OK a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $68,550 is significantly lower than the national average of $94,590, although the cost of living is comparable. This indicates that while your money may go as far, the overall earning potential is reduced in this region.
Is Fort Smith, AR-OK a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Smith, AR-OK?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($86,720) and Hot Springs, AR.
How does the Fort Smith salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Fort Smith, AR-OK is $68,550, which is considerably lower than the national average of $94,590.
What is the cost of living in Fort Smith, AR-OK?
The cost of living in Fort Smith, AR-OK is indexed at 100, which is exactly the national average, meaning it is neither significantly cheaper nor more expensive to live there than the typical U.S. location.
How concentrated is the Business and Financial Operations job market in Fort Smith?
The market concentration, measured by the Location Quotient, is 0.59, indicating that this sector is less prevalent in Fort Smith compared to the national average.
What is the total workforce size for these roles in Fort Smith?
There are approximately 3,800 individuals employed in Business and Financial Operations Occupations within the Fort Smith, AR-OK metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,800 employees in the Fort Smith, AR-OK area with a job density of 39.418 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 Fort Smith, AR-OK