Average Business and Financial Operations Occupations Salary in Hawaii
In Hawaii, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,110. This figure is notably below the national average of $94,590, a disparity often influenced by the unique economic landscape and operational costs inherent to an island state. Factors such as geographic isolation and the specific demands of the local economy contribute to this localized pay structure.
Executive Summary
- Average Salary: $83,110 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,960.
- Outlook: With a substantial local workforce of 30,170 individuals in Business and Financial Operations, Hawaii demonstrates a significant presence in this sector. The Location Quotient of 0.72 suggests that while this field is present, it is slightly less concentrated than the national average, indicating a potentially stable but not overly saturated job market. The presence of 48.59 jobs per 1,000 workers further underscores the ongoing demand for these essential roles within the state.
Salary Overview
The average Business and Financial Operations Occupations in Hawaii earns-12.1%below the national average.
$40
$1,598
$6,926
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Hawaii's Business and Financial Operations sector is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for specialized financial skills, and the overall growth of industries within Hawaii likely contribute to a gradual increase in compensation for these roles.
Business and Financial Operations Occupations Salary Distribution in Hawaii
Career progression within Business and Financial Operations in Hawaii typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized expertise and a proven track record can command salaries considerably higher than the average. The widening gap between entry-level and senior-level salaries reflects the value placed on experience and advanced financial acumen in the Hawaiian market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,470 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,333 | $30 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,700 | $36.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,888 | $49.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,960 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,110
Gross Pay
Real Wage (Purchasing Power)
$44,635
Adjusted for COL (186.2)
The average annual salary of $83,110 in Hawaii must be considered within the context of its exceptionally high Cost of Living Index of 186.2. This means that the purchasing power of the nominal salary is significantly reduced compared to the national average, where the index is 100. While the salary appears substantial, the high cost of goods, services, and housing in Hawaii means that the effective disposable income may be less than what a similar salary would provide on the mainland.
Job Market Context
30,170
Total Jobs
48.59
Per 1K Jobs
0.72
Location Quotient
Hawaii has 0.72x 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 0.72 for Business and Financial Operations Occupations in Hawaii indicates that this sector is less concentrated relative to its size compared to the national average. This suggests that while there is a solid base of professionals, the market may not be as intensely competitive as in areas with a higher concentration of these roles. This could present opportunities for skilled professionals, but also implies that the demand might be more specialized or tied to specific local industries.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Urban Honolulu, HI Business and Financial Operations Occupations Salary | $84,120↑ 1% | 37 mi |
| Kahului-Wailuku, HI Business and Financial Operations Occupations Salary | $79,680↓ 4% | 69 mi |
Comparing salaries near Hawaii
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Hawaii?
The median annual salary for a Business and Financial Operations Occupations in Hawaii is $83,110. This typically ranges from $47,470 for entry-level positions to $126,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hawaii is 12.1% lower than the national median of $94,590.
Is Hawaii a lucrative place for Business and Financial Operations Occupationss?
No, not when considering the cost of living.While the average salary is $83,110, Hawaii's cost of living is nearly double the national average, significantly diminishing the real value of this income.
Is Hawaii a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Hawaii is 186.2. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hawaii?
Some top paying nearby cities include Urban Honolulu, HI ($84,120) and Kahului-Wailuku, HI.
How does Hawaii's average salary for Business and Financial Operations compare to the national average?
The average annual salary in Hawaii for these roles is $83,110, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Hawaii?
Hawaii has a Location Quotient of 0.72 for these occupations, indicating a slightly lower concentration compared to the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Hawaii?
There are approximately 48.59 jobs per 1,000 workers in Business and Financial Operations in Hawaii.
What is the impact of Hawaii's high cost of living on salaries?
Hawaii's Cost of Living Index is 186.2, meaning that the $83,110 average salary has less purchasing power than it would in a location with a lower cost of living.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30,170 employees in the Hawaii area with a job density of 48.59 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 Hawaii