Average Business and Financial Operations Occupations Salary in Glens Falls, NY
In Glens Falls, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,740. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape and the concentration of these roles in Glens Falls likely contribute to this differential.
Executive Summary
- Average Salary: $81,740 per year.
- Growth Trend: Salaries have shifted 22.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,240.
- Outlook: The Business and Financial Operations sector in Glens Falls, NY, supports a local workforce of 1,970 individuals. With a Location Quotient of 0.58, these occupations are less concentrated than the national average, indicating a moderate presence within the local job market. While not a primary hub, the consistent number of jobs per 1,000 workers (39.194) suggests a stable demand for these essential business functions.
Salary Overview
The average Business and Financial Operations Occupations in Glens Falls, NY earns-13.6%below the national average.
$39.3
$1,572
$6,812
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Glens Falls is not provided, it is reasonable to assume that salaries for Business and Financial Operations roles have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments across most markets, including smaller metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Glens Falls, NY
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced skills, certifications, and a proven track record can significantly increase their earning potential. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, underscores the substantial career growth opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,790 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,305 | $29.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,930 | $35.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,175 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,240 | $60.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,740
Gross Pay
Real Wage (Purchasing Power)
$81,740
Adjusted for COL (100)
The average annual salary of $81,740 in Glens Falls, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial foundation for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
1,970
Total Jobs
39.194
Per 1K Jobs
0.58
Location Quotient
Glens Falls, NY has 0.58x 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 0.58 for Business and Financial Operations Occupations in Glens Falls, NY, indicates that these roles are less concentrated locally compared to the national average. This suggests that while the jobs exist and are filled, the market is not saturated, and there may be opportunities for skilled professionals. It implies a moderate level of demand relative to the national landscape.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Glens Falls, NY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Glens Falls, NY?
The median annual salary for a Business and Financial Operations Occupations in Glens Falls, NY is $81,740. This typically ranges from $46,790 for entry-level positions to $125,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Glens Falls, NY is 13.6% lower than the national median of $94,590.
Is Glens Falls, NY a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national standards.The average salary of $81,740 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Glens Falls, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Glens Falls, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Glens Falls, NY?
Some top paying nearby cities include Albany-Schenectady-Troy, NY ($89,050) and Pittsfield, MA.
How does the Glens Falls salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Glens Falls, NY, is $81,740, which is lower than the national average of $94,590.
What is the Cost of Living in Glens Falls, NY?
Glens Falls, NY has a Cost of Living Index of 100, which is exactly the national average, meaning living expenses are comparable to the rest of the country.
How concentrated are Business and Financial Operations jobs in Glens Falls?
These occupations are less concentrated in Glens Falls than the national average, with a Location Quotient of 0.58, suggesting a moderate presence in the local job market.
What is the total workforce size for these occupations in Glens Falls?
There are 1,970 individuals employed in Business and Financial Operations Occupations in Glens Falls, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,970 employees in the Glens Falls, NY area with a job density of 39.194 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 Glens Falls, NY