Average Business and Financial Operations Occupations Salary in Jackson, MI
In Jackson, MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,580. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. Understanding these localized pay scales is crucial for career planning within the region.
Executive Summary
- Average Salary: $77,580 per year.
- Growth Trend: Salaries have shifted 6.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,750.
- Outlook: The Business and Financial Operations sector in Jackson, MI, comprises a workforce of 2,570 individuals. With a Location Quotient of 0.68, the concentration of these roles is below the national average, indicating a less saturated market compared to national benchmarks. While the absolute number of jobs per 1,000 workers (45.674) provides a snapshot, the lower LQ suggests potential for growth or a specialized niche within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Jackson, MI earns-18.0%below the national average.
$37.3
$1,492
$6,465
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Jackson, MI is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have seen a steady upward trend over the past four years, mirroring national economic growth and inflation. This gradual increase is typical as demand for financial expertise evolves and the cost of living, even at the national average, necessitates higher compensation.
Business and Financial Operations Occupations Salary Distribution in Jackson, MI
Career progression within Business and Financial Operations Occupations in Jackson, MI, typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles. These percentile gaps are indicative of the substantial career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,810 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,185 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,270 | $35.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,975 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,750 | $58.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,580
Gross Pay
Real Wage (Purchasing Power)
$77,580
Adjusted for COL (100)
The average annual salary of $77,580 in Jackson, MI, aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in Jackson is equivalent to the national average. Therefore, the nominal salary offers a standard of living comparable to the rest of the United States, without the premium often associated with higher cost-of-living areas.
Job Market Context
2,570
Total Jobs
45.674
Per 1K Jobs
0.68
Location Quotient
Jackson, MI has 0.68x 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 0.68 for Business and Financial Operations Occupations in Jackson, MI, signifies that these roles are less concentrated than the national average. This suggests that while the jobs exist, the market may not be as robust or competitive as in larger metropolitan areas. It could indicate a specialized local demand or fewer opportunities compared to the national landscape, requiring a targeted job search approach.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Lansing-East Lansing, MI Business and Financial Operations Occupations Salary | $79,720↑ 3% | 34 mi |
| Ann Arbor, MI Business and Financial Operations Occupations Salary | $87,710↑ 13% | 34 mi |
| Battle Creek, MI Business and Financial Operations Occupations Salary | $81,610↑ 5% | 42 mi |
| Monroe, MI Business and Financial Operations Occupations Salary | $84,340↑ 9% | 57 mi |
| Toledo, OH Business and Financial Operations Occupations Salary | $80,450↑ 4% | 58 mi |
Comparing salaries near Jackson, MI
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Jackson, MI?
The median annual salary for a Business and Financial Operations Occupations in Jackson, MI is $77,580. This typically ranges from $40,810 for entry-level positions to $121,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MI is 18.0% lower than the national median of $94,590.
Is Jackson, MI a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $77,580 is significantly lower than the national average of $94,590. However, the cost of living is at the national average, meaning your salary's purchasing power is standard.
Is Jackson, MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Jackson, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MI?
Some top paying nearby cities include Lansing-East Lansing, MI ($79,720) and Ann Arbor, MI.
How does Jackson, MI's average salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Jackson, MI, is $77,580, which is considerably lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Jackson, MI?
Jackson, MI has a Location Quotient of 0.68 for these roles, indicating a lower concentration compared to the national average.
Does the cost of living in Jackson, MI affect salary expectations?
The cost of living in Jackson, MI, is at the national average (100), meaning the $77,580 salary offers standard purchasing power relative to the rest of the country.
How many Business and Financial Operations jobs are there per 1,000 workers in Jackson, MI?
There are approximately 45.674 jobs per 1,000 workers in Business and Financial Operations Occupations in Jackson, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,570 employees in the Jackson, MI area with a job density of 45.674 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 Jackson, MI