Average Business and Financial Operations Occupations Salary in Johnson City, TN
In Johnson City, TN, professionals in Business and Financial Operations Occupations earn an average annual salary of $70,860. This figure is notably below the national average of $94,590, reflecting regional economic factors and a different market dynamic compared to larger metropolitan areas. The local job market's specific needs and the overall economic landscape of East Tennessee contribute to this salary differential.
Executive Summary
- Average Salary: $70,860 per year.
- Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,310.
- Outlook: With a local workforce of 3,530 individuals in Business and Financial Operations, and a Location Quotient of 0.64, the job market in Johnson City indicates a moderate concentration of these roles relative to the national average. While not a primary hub, the presence of over 43 jobs per 1,000 workers suggests a steady demand and a stable, albeit less concentrated, employment landscape for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Johnson City, TN earns-25.1%below the national average.
$34.1
$1,363
$5,905
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Johnson City's Business and Financial Operations sector isn't provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation, suggesting that salaries in this field have likely seen modest but consistent appreciation locally.
Business and Financial Operations Occupations Salary Distribution in Johnson City, TN
Career progression within Business and Financial Operations in Johnson City, as elsewhere, typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and leadership responsibilities can command salaries well above the average. The percentile gaps between junior and senior roles signify substantial opportunities for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,790 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,145 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,290 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,575 | $42.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,310 | $54 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$70,860
Gross Pay
Real Wage (Purchasing Power)
$70,860
Adjusted for COL (100)
The average annual salary of $70,860 in Johnson City aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Johnson City is equivalent to the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
3,530
Total Jobs
43.119
Per 1K Jobs
0.64
Location Quotient
Johnson City, TN has 0.64x 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 0.64 for Business and Financial Operations in Johnson City suggests that these roles are less concentrated than the national average. This indicates that while opportunities exist, the market is not saturated, potentially offering a competitive edge for skilled professionals seeking employment. It implies a balanced supply and demand, where specialized talent may be particularly valued.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Kingsport-Bristol, TN-VA Business and Financial Operations Occupations Salary | $78,040↑ 10% | 16 mi |
| Morristown, TN Business and Financial Operations Occupations Salary | $66,240↓ 7% | 52 mi |
| Asheville, NC Business and Financial Operations Occupations Salary | $80,330↑ 13% | 54 mi |
| Hickory-Lenoir-Morganton, NC Business and Financial Operations Occupations Salary | $74,380↑ 5% | 72 mi |
| Knoxville, TN Business and Financial Operations Occupations Salary | $77,540↑ 9% | 91 mi |
Comparing salaries near Johnson City, TN
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Johnson City, TN?
The median annual salary for a Business and Financial Operations Occupations in Johnson City, TN is $70,860. This typically ranges from $36,790 for entry-level positions to $112,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Johnson City, TN is 25.1% lower than the national median of $94,590.
Is Johnson City, TN a lucrative place for Business and Financial Operations Occupationss?
No, but it offers good value.While the average salary of $70,860 is below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The market is less concentrated, suggesting potential opportunities for skilled professionals.
Is Johnson City, TN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Johnson City, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Johnson City, TN?
Some top paying nearby cities include Kingsport-Bristol, TN-VA ($78,040) and Morristown, TN.
How does Johnson City's salary compare to the national average for this field?
The average salary in Johnson City ($70,860) is significantly lower than the national average ($94,590), indicating regional economic differences and market demands.
What is the concentration of Business and Financial Operations jobs in Johnson City?
The Location Quotient of 0.64 indicates that these jobs are less concentrated in Johnson City compared to the national average, suggesting a moderate presence in the local job market.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Johnson City is exactly at the national average (100), meaning the $70,860 salary offers purchasing power equivalent to the national average.
Are there many job opportunities for Business and Financial Operations professionals in Johnson City?
With 43.119 jobs per 1,000 workers and a workforce of 3,530, there is a steady presence of these roles, though the market is less concentrated than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,530 employees in the Johnson City, TN area with a job density of 43.119 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 Johnson City, TN