Average Business and Financial Operations Occupations Salary in Hattiesburg, MS
In Hattiesburg, MS, professionals in Business and Financial Operations Occupations can expect an average annual salary of $67,820. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and the specific demand within the Hattiesburg market. The local compensation structure is influenced by the cost of doing business and the overall economic landscape of Mississippi.
Executive Summary
- Average Salary: $67,820 per year.
- Growth Trend: Salaries have shifted 16.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,820.
- Outlook: The Hattiesburg market for Business and Financial Operations Occupations is characterized by a local workforce of 2,170 individuals. With a Location Quotient of 0.52, this sector is less concentrated in Hattiesburg compared to the national average, suggesting a potentially less saturated but also perhaps less robust job market for these specialized roles. The presence of 34.75 jobs per 1,000 workers indicates a moderate level of employment within this occupational group.
Salary Overview
The average Business and Financial Operations Occupations in Hattiesburg, MS earns-28.3%below the national average.
$32.6
$1,304
$5,652
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Hattiesburg's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation across most sectors, including finance and business operations, even in smaller metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Hattiesburg, MS
Salary progression within Business and Financial Operations Occupations in Hattiesburg, as elsewhere, is typically tied to experience and specialization. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The widening gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge, proven track records, and strategic decision-making capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,550 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,865 | $24.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,170 | $28.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,775 | $40.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,820 | $51.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$67,820
Gross Pay
Real Wage (Purchasing Power)
$67,820
Adjusted for COL (100)
Hattiesburg, MS, presents a unique financial proposition for Business and Financial Operations professionals, with an average salary of $67,820 aligning perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, offering a stable financial footing without the premium often associated with higher-cost regions.
Job Market Context
2,170
Total Jobs
34.75
Per 1K Jobs
0.52
Location Quotient
Hattiesburg, MS has 0.52x 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.
The Location Quotient of 0.52 for Business and Financial Operations Occupations in Hattiesburg signifies that this sector is less prevalent locally than it is on a national scale. This suggests that while there may be fewer specialized roles compared to larger economic hubs, the demand might be more targeted, and professionals with relevant skills could find a niche. It indicates a market that is not oversaturated, potentially offering unique opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Gulfport-Biloxi, MS Business and Financial Operations Occupations Salary | $77,180↑ 14% | 63 mi |
| Slidell-Mandeville-Covington, LA Business and Financial Operations Occupations Salary | $74,950↑ 11% | 76 mi |
| Mobile, AL Business and Financial Operations Occupations Salary | $77,040↑ 14% | 83 mi |
| Jackson, MS Business and Financial Operations Occupations Salary | $74,850↑ 10% | 87 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↑ 1% | 87 mi |
Comparing salaries near Hattiesburg, MS
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Hattiesburg, MS?
The median annual salary for a Business and Financial Operations Occupations in Hattiesburg, MS is $67,820. This typically ranges from $32,550 for entry-level positions to $106,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hattiesburg, MS is 28.3% lower than the national median of $94,590.
Is Hattiesburg, MS a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $67,820 is significantly below the national average of $94,590. However, the cost of living is also at the national average, meaning purchasing power is maintained.
Is Hattiesburg, MS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Hattiesburg, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hattiesburg, MS?
Some top paying nearby cities include Gulfport-Biloxi, MS ($77,180) and Slidell-Mandeville-Covington, LA.
How does Hattiesburg's salary compare to the national average for this field?
The average salary in Hattiesburg, MS for Business and Financial Operations Occupations is $67,820, which is considerably lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Hattiesburg?
The concentration, measured by the Location Quotient, is 0.52, indicating that these jobs are less common in Hattiesburg than the national average.
How does the cost of living in Hattiesburg affect the salary?
Hattiesburg has a Cost of Living Index of 100, which is the national average. This means that despite the lower nominal salary, the purchasing power of $67,820 locally is equivalent to the national average.
What does the number of jobs per 1,000 workers suggest about the market?
With 34.75 jobs per 1,000 workers, Hattiesburg shows a moderate presence of Business and Financial Operations roles within its workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,170 employees in the Hattiesburg, MS area with a job density of 34.75 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 Hattiesburg, MS