Average Business and Financial Operations Occupations Salary in Jackson, TN
In Jackson, TN, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,520. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. The specific economic landscape of Jackson shapes the earning potential for these critical roles.
Executive Summary
- Average Salary: $69,520 per year.
- Growth Trend: Salaries have shifted 22.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,240.
- Outlook: The Business and Financial Operations sector in Jackson, TN, comprises a workforce of 3,120 individuals. With a Location Quotient of 0.55, this indicates that the concentration of these roles is less than the national average, suggesting a potentially less saturated but perhaps less robust market compared to national hubs. The presence of nearly 37 jobs per 1,000 workers signifies a consistent, albeit moderate, demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Jackson, TN earns-26.5%below the national average.
$33.4
$1,337
$5,793
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Jackson, TN 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. Economic recovery and evolving business needs typically drive an upward trajectory in compensation for these vital roles, reflecting increased demand and the value placed on financial expertise.
Business and Financial Operations Occupations Salary Distribution in Jackson, TN
Career progression within Business and Financial Operations Occupations 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 skills can command salaries well above the average. The percentile gaps in earnings clearly signify opportunities for substantial career advancement and increased remuneration as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,850 | $18.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,140 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,200 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,900 | $41.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,240 | $51.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,520
Gross Pay
Real Wage (Purchasing Power)
$69,520
Adjusted for COL (100)
The nominal average annual salary of $69,520 in Jackson, TN, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a balanced financial standing for residents. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer comparable lifestyle stability.
Job Market Context
3,120
Total Jobs
36.999
Per 1K Jobs
0.55
Location Quotient
Jackson, TN has 0.55x 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 0.55 for Business and Financial Operations Occupations in Jackson, TN, indicates that this sector is less concentrated than the national average. This suggests that while opportunities exist, the market may be less competitive in terms of the sheer number of available professionals. Employers might find it easier to attract talent, but the lower concentration could also imply fewer specialized roles or a smaller overall industry footprint.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Memphis, TN-MS-AR Business and Financial Operations Occupations Salary | $79,520↑ 14% | 74 mi |
| Florence-Muscle Shoals, AL Business and Financial Operations Occupations Salary | $70,660↑ 2% | 87 mi |
| Paducah, KY-IL Business and Financial Operations Occupations Salary | $72,400↑ 4% | 99 mi |
Comparing salaries near Jackson, TN
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Jackson, TN?
The median annual salary for a Business and Financial Operations Occupations in Jackson, TN is $69,520. This typically ranges from $37,850 for entry-level positions to $107,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, TN is 26.5% lower than the national median of $94,590.
Is Jackson, TN a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $69,520 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the nominal salary's purchasing power comparable.
Is Jackson, TN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Jackson, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, TN?
Some top paying nearby cities include Memphis, TN-MS-AR ($79,520) and Florence-Muscle Shoals, AL.
What is the average salary for Business and Financial Operations Occupations in Jackson, TN?
The average annual salary for Business and Financial Operations Occupations in Jackson, TN is $69,520.
How does Jackson, TN's cost of living compare to the national average?
Jackson, TN has a Cost of Living Index of 100, which is exactly the national average.
Is there high demand for Business and Financial Operations professionals in Jackson, TN?
With a Location Quotient of 0.55, the concentration of these roles is below the national average, indicating moderate demand rather than exceptionally high demand.
How many Business and Financial Operations professionals work in Jackson, TN?
There are approximately 3,120 individuals employed in Business and Financial Operations Occupations in Jackson, TN.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,120 employees in the Jackson, TN area with a job density of 36.999 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Jackson, TN
- All Occupations Salary in Jackson, TN
- Office and Administrative Support Occupations Salary in Jackson, TN
- Production Occupations Salary in Jackson, TN
- Transportation and Material Moving Occupations Salary in Jackson, TN
- Food Preparation and Serving Related Occupations Salary in Jackson, TN
- Sales and Related Occupations Salary in Jackson, TN
- Healthcare Practitioners and Technical Occupations Salary in Jackson, TN
- Management Occupations Salary in Jackson, TN
- Installation, Maintenance, and Repair Occupations Salary in Jackson, TN
- Healthcare Support Occupations Salary in Jackson, TN
- Browse All Jobs in Jackson, TN →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Jackson, TN