Average Business and Financial Operations Occupations Salary in Kahului-Wailuku, HI
In Kahului-Wailuku, HI, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,680. This figure is notably lower than the national average of $94,590, reflecting the unique economic landscape and specific industry demands of the Hawaiian Islands. Local factors, including the island's distinct market dynamics and operational costs, contribute to this localized pay scale.
Executive Summary
- Average Salary: $79,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,290.
- Outlook: The Kahului-Wailuku area supports a workforce of 1,980 individuals in Business and Financial Operations. With a Location Quotient of 0.41, this sector is less concentrated than the national average, suggesting a potentially less saturated but also less robust job market compared to national hubs. The presence of 27.47 jobs per 1,000 workers indicates a moderate level of employment opportunity within this specialized field in the region.
Salary Overview
The average Business and Financial Operations Occupations in Kahului-Wailuku, HI earns-15.8%below the national average.
$38.3
$1,532
$6,640
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations roles in Kahului-Wailuku, like most markets, have experienced gradual growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations. Professionals can anticipate a steady, albeit potentially modest, upward trajectory in compensation.
Business and Financial Operations Occupations Salary Distribution in Kahului-Wailuku, HI
Career progression in Business and Financial Operations within Kahului-Wailuku typically sees significant salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries well above the average. The widening gap between entry-level and senior-level compensation underscores the value placed on expertise and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,660 | $22 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,760 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,920 | $34.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,600 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,290 | $58.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,680
Gross Pay
Real Wage (Purchasing Power)
$79,680
Adjusted for COL (100)
The average annual salary of $79,680 in Kahului-Wailuku aligns precisely with the national average cost of living, indicated by an index of 100. This means that, on average, the purchasing power of a Business and Financial Operations professional's salary in this location is equivalent to that of their national counterpart. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home value of earnings is relatively stable.
Job Market Context
1,980
Total Jobs
27.47
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Kahului-Wailuku, HI has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.41 signifies that Business and Financial Operations Occupations are less concentrated in Kahului-Wailuku compared to the national average. This suggests that while opportunities exist, the market is not as saturated as in larger metropolitan areas. Employers may face a smaller pool of specialized talent, potentially leading to competitive hiring for experienced professionals, but overall demand might be more localized and less dynamic than in national centers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Hawaii / Kauai nonmetropolitan area Business and Financial Operations Occupations Salary | $76,570↓ 4% | 69 mi |
Comparing salaries near Kahului-Wailuku, HI
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kahului-Wailuku, HI?
The median annual salary for a Business and Financial Operations Occupations in Kahului-Wailuku, HI is $79,680. This typically ranges from $45,660 for entry-level positions to $121,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kahului-Wailuku, HI is 15.8% lower than the national median of $94,590.
Is Kahului-Wailuku, HI a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average.The average salary of $79,680 is significantly below the national average of $94,590. However, the cost of living is on par with the national average, meaning the lower nominal salary has equivalent purchasing power locally.
Is Kahului-Wailuku, HI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kahului-Wailuku, HI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kahului-Wailuku, HI?
Some top paying nearby cities include Hawaii / Kauai nonmetropolitan area ($76,570) and others.
How does the Kahului-Wailuku salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Kahului-Wailuku is $79,680, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Kahului-Wailuku?
The concentration, measured by the Location Quotient, is 0.41, indicating that these jobs are less common in Kahului-Wailuku than the national average.
How does the cost of living in Kahului-Wailuku affect salary perception?
With a Cost of Living Index of 100, Kahului-Wailuku is at the national average. This means the $79,680 salary offers purchasing power equivalent to the national average, despite being a lower nominal figure.
What is the total workforce size for these occupations in Kahului-Wailuku?
There are approximately 1,980 individuals employed in Business and Financial Operations Occupations in the Kahului-Wailuku area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,980 employees in the Kahului-Wailuku, HI area with a job density of 27.47 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 Kahului-Wailuku, HI