In the Hawaii / Kauai nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,570. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and potentially lower demand for these specialized roles outside of major urban centers. The specific economic drivers and industry concentration within this region contribute to this salary differential.
Executive Summary
- Average Salary: $76,570 per year.
- Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,190.
- Outlook: The local workforce for Business and Financial Operations Occupations in the Hawaii / Kauai nonmetropolitan area comprises 3,130 individuals. With a Location Quotient of 0.45, these roles are less concentrated than the national average, suggesting a smaller but potentially stable niche market. The presence of nearly 30 jobs per 1,000 workers indicates a consistent, albeit not booming, demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Hawaii / Kauai nonmetropolitan area earns-19.1%below the national average.
$36.8
$1,473
$6,381
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen moderate growth over the past four years, mirroring broader economic trends. Factors such as inflation, increased demand for financial expertise, and evolving business needs likely contribute to a gradual upward trajectory in compensation, even in less concentrated markets.
Business and Financial Operations Occupations Salary Distribution in Hawaii / Kauai nonmetropolitan area
Salary progression for Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The gap between entry-level and senior roles highlights the substantial career growth and earning potential available through dedicated development and accumulated expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,220 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,428 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,870 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,713 | $46 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,190 | $58.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,570
Gross Pay
Real Wage (Purchasing Power)
$76,570
Adjusted for COL (100)
The average annual salary of $76,570 in the Hawaii / Kauai nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national average. Therefore, relocating to this area for a Business and Financial Operations role does not present a significant disadvantage in terms of cost of living relative to income.
Job Market Context
3,130
Total Jobs
29.999
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Hawaii / Kauai nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.45 for Business and Financial Operations Occupations in the Hawaii / Kauai nonmetropolitan area indicates that this sector is less concentrated locally compared to the national average. This suggests that while opportunities exist, the market is not saturated, and the demand might be more specialized or tied to specific local industries. Professionals in this field may find fewer direct competitors but potentially a more targeted job search.
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↑ 10% | 37 mi |
| Kahului-Wailuku, HI Business and Financial Operations Occupations Salary | $79,680↑ 4% | 69 mi |
Comparing salaries near Hawaii / Kauai nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Hawaii / Kauai nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Hawaii / Kauai nonmetropolitan area is $76,570. This typically ranges from $44,220 for entry-level positions to $122,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hawaii / Kauai nonmetropolitan area is 19.1% lower than the national median of $94,590.
Is Hawaii / Kauai nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not as lucrative as the national average.The average salary of $76,570 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning purchasing power is maintained.
Is Hawaii / Kauai nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Hawaii / Kauai nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hawaii / Kauai nonmetropolitan area?
Some top paying nearby cities include Urban Honolulu, HI ($84,120) and Kahului-Wailuku, HI.
How does the Hawaii / Kauai nonmetropolitan area's salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in this area is $76,570, which is below the national average of $94,590.
What is the job concentration for these roles in Hawaii / Kauai nonmetropolitan area?
The Location Quotient is 0.45, indicating that these occupations are less concentrated in this area compared to the national average.
How does the cost of living affect the salary in this region?
The Cost of Living Index is 100, meaning it is the same as the national average. Therefore, the $76,570 salary has equivalent purchasing power to the national average salary.
What is the total workforce size for Business and Financial Operations Occupations locally?
There are 3,130 individuals employed in Business and Financial Operations Occupations in the Hawaii / Kauai nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,130 employees in the Hawaii / Kauai nonmetropolitan area area with a job density of 29.999 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 / Kauai nonmetropolitan area