Average Business and Financial Operations Occupations Salary in Jackson, MS
In Jackson, MS, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,850. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the Mississippi labor market. The local pay scale is influenced by a variety of elements, including industry concentration and the overall economic landscape of the state.
Executive Summary
- Average Salary: $74,850 per year.
- Growth Trend: Salaries have shifted 18.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,010.
- Outlook: With a local workforce of 13,820 individuals in this sector and a location quotient of 0.77, Jackson, MS, shows a slightly lower concentration of these roles compared to the national average. While not indicating a shortage, this suggests a stable, albeit less dense, job market for business and financial operations professionals. The presence of 51.41 jobs per 1,000 workers signifies a consistent, ongoing need for these skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Jackson, MS earns-20.9%below the national average.
$36
$1,439
$6,238
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Jackson, MS, is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for specialized financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Jackson, MS
Salary progression within Business and Financial Operations Occupations in Jackson, MS, is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,980 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,138 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,110 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,563 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,010 | $55.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,850
Gross Pay
Real Wage (Purchasing Power)
$74,850
Adjusted for COL (100)
The average annual salary of $74,850 in Jackson, MS, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the nominal salary earned by professionals in this field has purchasing power that is on par with the national standard, offering a balanced lifestyle without significant financial strain relative to national benchmarks.
Job Market Context
13,820
Total Jobs
51.41
Per 1K Jobs
0.77
Location Quotient
Jackson, MS has 0.77x 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 0.77 indicates that Business and Financial Operations Occupations are slightly less concentrated in Jackson, MS, than the national average. This suggests that while the roles are present and necessary, the market is not oversaturated, potentially offering a competitive environment for skilled professionals seeking employment. It implies a steady demand without an overwhelming supply of candidates.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Jackson, MS
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Jackson, MS?
The median annual salary for a Business and Financial Operations Occupations in Jackson, MS is $74,850. This typically ranges from $38,980 for entry-level positions to $115,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 20.9% lower than the national median of $94,590.
Is Jackson, MS a lucrative place for Business and Financial Operations Occupations?
No, not when compared to national averages.While the average salary of $74,850 is stable relative to the local cost of living, it falls significantly short of the national average of $94,590. This indicates that earning potential in this sector is lower in Jackson, MS.
Is Jackson, MS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($69,380) and Lower East Mississippi nonmetropolitan area.
How does the cost of living in Jackson, MS affect salary perception?
With a Cost of Living Index of 100, Jackson, MS, matches the national average. This means the $74,850 salary provides a purchasing power equivalent to the national average, making the salary's value stable in comparison.
What is the concentration of Business and Financial Operations jobs in Jackson, MS?
The location quotient of 0.77 suggests that these roles are slightly less common in Jackson, MS, than the national average. This indicates a moderate presence of these jobs within the local workforce.
How many Business and Financial Operations jobs are there per 1,000 workers in Jackson, MS?
There are approximately 51.41 jobs per 1,000 workers in Business and Financial Operations in Jackson, MS, indicating a consistent demand for these professionals within the local economy.
What is the total workforce size for Business and Financial Operations in Jackson, MS?
The total local workforce for Business and Financial Operations Occupations in Jackson, MS, comprises 13,820 individuals, representing a substantial segment of the professional employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 13,820 employees in the Jackson, MS area with a job density of 51.41 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, MS