Average Business and Financial Operations Occupations Salary in Jonesboro, AR
In Jonesboro, AR, professionals in Business and Financial Operations Occupations earn an average annual salary of $68,710. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within the Jonesboro labor market. The local compensation structure is intrinsically tied to the area's economic base and the concentration of businesses requiring these specialized financial and operational skill sets.
Executive Summary
- Average Salary: $68,710 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,490.
- Outlook: With a local workforce of 2,030 individuals in Business and Financial Operations Occupations, Jonesboro presents a moderate employment landscape for these roles. The Location Quotient of 0.51 indicates that this sector is less concentrated in Jonesboro compared to the national average, suggesting a potentially less saturated but also possibly less robust job market for these specialized positions. The presence of 34.029 jobs per 1,000 workers signifies a steady, albeit not dominant, demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Jonesboro, AR earns-27.4%below the national average.
$33
$1,321
$5,726
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Jonesboro's Business and Financial Operations Occupations is not provided, it is 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 across most professional sectors. Therefore, professionals in this field in Jonesboro likely have experienced modest but consistent salary appreciation, aligning with broader economic recovery and growth trends.
Business and Financial Operations Occupations Salary Distribution in Jonesboro, AR
Salary progression within Business and Financial Operations Occupations is typically characterized by a significant increase from entry-level to senior positions. While specific percentile data for Jonesboro is unavailable, national trends indicate that early-career professionals might start closer to the lower end of the pay scale, with salaries substantially increasing with experience, specialized skills, and leadership responsibilities. The widening gap between entry-level and senior roles, often seen in percentile distributions, underscores the substantial career advancement and earning potential available through dedicated professional development and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,060 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,533 | $24.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,220 | $28.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,888 | $41.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,490 | $50.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$68,710
Gross Pay
Real Wage (Purchasing Power)
$68,710
Adjusted for COL (100)
The average annual salary of $68,710 in Jonesboro, AR, 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, suggesting that the nominal income provides a standard of living comparable to the typical American. While the salary is lower than the national average, the balanced cost of living ensures that the take-home pay retains its value within the local economic context.
Job Market Context
2,030
Total Jobs
34.029
Per 1K Jobs
0.51
Location Quotient
Jonesboro, AR has 0.51x 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 0.51 for Business and Financial Operations Occupations in Jonesboro, AR, indicates that this sector is less prevalent locally than it is nationally. This suggests that the job market for these roles may be less competitive in terms of the sheer number of available positions relative to the workforce size, but it also implies a lower concentration of specialized talent and potentially fewer opportunities compared to national hubs. Businesses seeking these professionals might face a smaller pool of local candidates, potentially leading to recruitment challenges or a need to attract talent from outside the immediate area.
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↑ 16% | 64 mi |
Comparing salaries near Jonesboro, AR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Jonesboro, AR?
The median annual salary for a Business and Financial Operations Occupations in Jonesboro, AR is $68,710. This typically ranges from $35,060 for entry-level positions to $105,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jonesboro, AR is 27.4% lower than the national median of $94,590.
Is Jonesboro, AR a lucrative place for Business and Financial Operations Occupationss?
No, not particularly lucrative compared to national averages.The average salary of $68,710 is significantly lower than the national average of $94,590, indicating less lucrative compensation. However, the cost of living is also at the national average, which somewhat mitigates the lower nominal salary.
Is Jonesboro, AR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Jonesboro, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jonesboro, AR?
Some top paying nearby cities include Memphis, TN-MS-AR ($79,520) and others.
How does the local job market compare to the national market for Business and Financial Operations?
The local market in Jonesboro, AR, is less concentrated than the national average, with a Location Quotient of 0.51. This suggests fewer specialized roles relative to the overall workforce, potentially indicating a less robust, though possibly less competitive, job market.
What is the significance of the Jobs per 1,000 Workers metric?
The 34.029 jobs per 1,000 workers in Jonesboro indicates the density of Business and Financial Operations roles within the local economy. This number suggests a consistent, but not overwhelming, demand for these professionals in the area.
How does experience affect salaries for Business and Financial Operations roles in Jonesboro?
While specific data isn't provided, experience typically leads to higher salaries in these roles. Senior positions command significantly more than entry-level roles, reflecting increased responsibility and expertise, a trend consistent with national patterns.
Is Jonesboro, AR an affordable place to live for professionals in this field?
Yes, Jonesboro, AR, has a Cost of Living Index of 100, which is the national average. This means that the average salary of $68,710 offers a standard of living comparable to the national average, despite being below the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,030 employees in the Jonesboro, AR area with a job density of 34.029 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 Jonesboro, AR