Average Business and Financial Operations Occupations Salary in Ithaca, NY
In Ithaca, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $84,190. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially the specific types of businesses operating within Ithaca influence compensation levels. While the nominal salary may seem lower, understanding the local economic context is crucial.
Executive Summary
- Average Salary: $84,190 per year.
- Growth Trend: Salaries have shifted 10.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,070.
- Outlook: Ithaca, NY supports a local workforce of 2,520 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.78, this sector is slightly less concentrated than the national average, indicating a moderate but not dominant presence. The presence of over 52 jobs per 1,000 workers suggests a stable demand for these roles within the local economy, though not necessarily rapid expansion.
Salary Overview
The average Business and Financial Operations Occupations in Ithaca, NY earns-11.0%below the national average.
$40.5
$1,619
$7,016
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Ithaca's Business and Financial Operations sector is not provided, it is generally assumed that salaries within this field have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for specialized financial skills, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Ithaca, NY
Career progression within Business and Financial Operations Occupations in Ithaca, NY, significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized expertise can command salaries well above the average. The widening gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,390 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,143 | $30.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,160 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,238 | $50.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,070 | $61.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$84,190
Gross Pay
Real Wage (Purchasing Power)
$84,190
Adjusted for COL (100)
The average annual salary of $84,190 in Ithaca, NY, 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 an Ithaca-based salary is effectively equivalent to the national average. Therefore, the $84,190 salary offers a comparable standard of living to what one might expect elsewhere in the country.
Job Market Context
2,520
Total Jobs
52.397
Per 1K Jobs
0.78
Location Quotient
Ithaca, NY has 0.78x 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 0.78, Ithaca, NY, has a slightly lower concentration of Business and Financial Operations jobs compared to the national average. This suggests that while the market is present and functional, it may not be as saturated as in larger metropolitan areas. Professionals might find a balance between available opportunities and less intense competition, though the overall job market size is moderate.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Elmira, NY Business and Financial Operations Occupations Salary | $83,440↓ 1% | 29 mi |
| Binghamton, NY Business and Financial Operations Occupations Salary | $87,570↑ 4% | 39 mi |
| Syracuse, NY Business and Financial Operations Occupations Salary | $89,010↑ 6% | 45 mi |
| Rochester, NY Business and Financial Operations Occupations Salary | $88,710↑ 5% | 75 mi |
| Utica-Rome, NY Business and Financial Operations Occupations Salary | $81,990↓ 3% | 79 mi |
Comparing salaries near Ithaca, NY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Ithaca, NY?
The median annual salary for a Business and Financial Operations Occupations in Ithaca, NY is $84,190. This typically ranges from $48,390 for entry-level positions to $127,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ithaca, NY is 11.0% lower than the national median of $94,590.
Is Ithaca, NY a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $84,190 is below the national average of $94,590, although the cost of living is also at the national average. This indicates that while your purchasing power may be similar, the nominal earnings are lower.
Is Ithaca, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Ithaca, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ithaca, NY?
Some top paying nearby cities include Elmira, NY ($83,440) and Binghamton, NY.
What is the average salary for Business and Financial Operations Occupations in Ithaca, NY?
The average annual salary for Business and Financial Operations Occupations in Ithaca, NY is $84,190.
How does Ithaca's cost of living compare to the national average?
Ithaca, NY has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Ithaca, NY?
The concentration of these jobs in Ithaca, NY, is indicated by a Location Quotient of 0.78, which is slightly below the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Ithaca, NY?
There are approximately 52.4 jobs per 1,000 workers in Business and Financial Operations Occupations in Ithaca, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,520 employees in the Ithaca, NY area with a job density of 52.397 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 Ithaca, NY