Average Business and Financial Operations Occupations Salary in Grand Island, NE
In Grand Island, NE, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,700. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand specific to this region. Local market dynamics, including industry concentration and the overall economic base, play a significant role in shaping compensation levels.
Executive Summary
- Average Salary: $71,700 per year.
- Growth Trend: Salaries have shifted 6.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,220.
- Outlook: The Grand Island market for Business and Financial Operations Occupations comprises a workforce of 1,540 individuals, with 38.851 jobs per 1,000 workers. While the total workforce size indicates a stable presence, the Location Quotient of 0.58 suggests that this sector is less concentrated here compared to the national average, implying a moderate but not dominant demand for these roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Grand Island, NE earns-24.2%below the national average.
$34.5
$1,379
$5,975
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Grand Island's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries within this sector have experienced steady growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward salary adjustments across most markets.
Business and Financial Operations Occupations Salary Distribution in Grand Island, NE
Career progression within Business and Financial Operations Occupations in Grand Island, NE, typically sees a significant salary increase with experience. Entry-level positions might start at a lower percentile, while senior roles, commanding greater responsibility and expertise, can reach higher salary percentiles, reflecting a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,240 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,775 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,640 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,625 | $43.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,220 | $49.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,700
Gross Pay
Real Wage (Purchasing Power)
$71,700
Adjusted for COL (100)
The nominal average salary of $71,700 in Grand Island, NE, is directly comparable to the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is aligned with the national standard, suggesting that while the salary is lower than the national average, the cost of living does not disproportionately diminish its value.
Job Market Context
1,540
Total Jobs
38.851
Per 1K Jobs
0.58
Location Quotient
Grand Island, NE 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.
With a Location Quotient of 0.58, the market for Business and Financial Operations Occupations in Grand Island, NE, is less concentrated than the national average. This indicates that while these roles are present, they are not as prevalent or in as high demand relative to other industries when compared to national benchmarks, suggesting a potentially less competitive but also less saturated job market.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Grand Island, NE
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Grand Island, NE?
The median annual salary for a Business and Financial Operations Occupations in Grand Island, NE is $71,700. This typically ranges from $44,240 for entry-level positions to $103,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Island, NE is 24.2% lower than the national median of $94,590.
Is Grand Island, NE a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $71,700 is significantly lower than the national average of $94,590. However, the cost of living is at the national average, meaning the lower salary has standard purchasing power locally.
Is Grand Island, NE a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Grand Island, NE is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Island, NE?
Some top paying nearby cities include South Nebraska nonmetropolitan area ($70,570) and Northeast Nebraska nonmetropolitan area.
How does Grand Island's salary for these roles compare to the national average?
The average annual salary in Grand Island, NE, is $71,700, which is considerably less than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Grand Island?
Grand Island has a Location Quotient of 0.58, indicating that these occupations are less concentrated in the local workforce compared to the national average.
How does the cost of living in Grand Island affect salary perception?
With a Cost of Living Index of 100, Grand Island's cost of living is exactly at the national average. This means the $71,700 salary offers purchasing power equivalent to the national standard, despite being lower than the national average salary.
What is the size of the Business and Financial Operations workforce in Grand Island?
There are approximately 1,540 individuals employed in Business and Financial Operations Occupations in Grand Island, NE.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,540 employees in the Grand Island, NE area with a job density of 38.851 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 Grand Island, NE