Average Business and Financial Operations Occupations Salary in Houma-Bayou Cane-Thibodaux, LA
In Houma-Bayou Cane-Thibodaux, LA, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,700. This figure is notably below the national average of $94,590, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this region. The specific economic landscape of Houma-Bayou Cane-Thibodaux likely influences the prevailing wage rates for these critical roles.
Executive Summary
- Average Salary: $74,700 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,430.
- Outlook: The Business and Financial Operations sector in Houma-Bayou Cane-Thibodaux, LA, comprises a workforce of 3,110 individuals. With a Location Quotient of 0.56, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas. While the absolute number of jobs per 1,000 workers (37.583) provides a snapshot of local employment, the lower concentration suggests potential opportunities for growth or a specialized local demand.
Salary Overview
The average Business and Financial Operations Occupations in Houma-Bayou Cane-Thibodaux, LA earns-21.0%below the national average.
$35.9
$1,437
$6,225
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Houma-Bayou Cane-Thibodaux is not provided, it is generally observed that salaries within Business and Financial Operations Occupations across the United States have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and evolving business needs. It is reasonable to assume that professionals in Houma-Bayou Cane-Thibodaux have also seen incremental salary increases, reflecting broader economic patterns and the enduring importance of financial acumen.
Business and Financial Operations Occupations Salary Distribution in Houma-Bayou Cane-Thibodaux, LA
Salary progression for Business and Financial Operations roles is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect substantially higher compensation. The percentile gaps between junior and senior roles highlight the career trajectory and the increasing value placed on expertise, strategic thinking, and leadership within the financial operations domain.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,270 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,025 | $26.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,270 | $30.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,375 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,430 | $59.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,700
Gross Pay
Real Wage (Purchasing Power)
$74,700
Adjusted for COL (100)
The average annual salary of $74,700 in Houma-Bayou Cane-Thibodaux, LA, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is equivalent to the national average. While the nominal salary is lower than the national average for the occupation, the cost of living parity suggests that the take-home pay may offer comparable living standards to other areas, making it a stable financial environment.
Job Market Context
3,110
Total Jobs
37.583
Per 1K Jobs
0.56
Location Quotient
Houma-Bayou Cane-Thibodaux, LA has 0.56x 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 0.56, the Business and Financial Operations job market in Houma-Bayou Cane-Thibodaux, LA, is less concentrated than the national average. This suggests that while these roles are present and necessary, they are not as dominant a feature of the local economy compared to national trends. This lower concentration could indicate a market with fewer specialized roles or a broader economic base, potentially offering a unique competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| New Orleans-Metairie, LA Business and Financial Operations Occupations Salary | $81,770↑ 9% | 58 mi |
| Baton Rouge, LA Business and Financial Operations Occupations Salary | $76,080↑ 2% | 65 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↓ 8% | 66 mi |
| Slidell-Mandeville-Covington, LA Business and Financial Operations Occupations Salary | $74,950↑ 0% | 74 mi |
| Lafayette, LA Business and Financial Operations Occupations Salary | $71,740↓ 4% | 91 mi |
Comparing salaries near Houma-Bayou Cane-Thibodaux, LA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Houma-Bayou Cane-Thibodaux, LA?
The median annual salary for a Business and Financial Operations Occupations in Houma-Bayou Cane-Thibodaux, LA is $74,700. This typically ranges from $38,270 for entry-level positions to $123,430 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Houma-Bayou Cane-Thibodaux, LA is 21.0% lower than the national median of $94,590.
Is Houma-Bayou Cane-Thibodaux, LA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $74,700 is below the national average of $94,590, although the cost of living is at the national average.
Is Houma-Bayou Cane-Thibodaux, LA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Houma-Bayou Cane-Thibodaux, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Houma-Bayou Cane-Thibodaux, LA?
Some top paying nearby cities include New Orleans-Metairie, LA ($81,770) and Baton Rouge, LA.
How does the Houma-Bayou Cane-Thibodaux salary compare to the national average for Business and Financial Operations Occupations?
The average annual salary in Houma-Bayou Cane-Thibodaux, LA, is $74,700, which is significantly lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in Houma-Bayou Cane-Thibodaux, LA?
The Cost of Living Index in Houma-Bayou Cane-Thibodaux, LA, is 100, which is exactly at the national average. This means that the general cost of goods and services is comparable to the rest of the country.
How concentrated are Business and Financial Operations jobs in Houma-Bayou Cane-Thibodaux, LA?
The concentration of Business and Financial Operations jobs in Houma-Bayou Cane-Thibodaux, LA, is below the national average, indicated by a Location Quotient of 0.56. This suggests these roles are less prevalent locally compared to national trends.
What is the total workforce size for Business and Financial Operations Occupations in Houma-Bayou Cane-Thibodaux, LA?
The total local workforce for Business and Financial Operations Occupations in Houma-Bayou Cane-Thibodaux, LA, is 3,110 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,110 employees in the Houma-Bayou Cane-Thibodaux, LA area with a job density of 37.583 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 Houma-Bayou Cane-Thibodaux, LA