Average Business and Financial Operations Occupations Salary in Kalamazoo-Portage, MI
In Kalamazoo-Portage, MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,970. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a different industry focus influence compensation. The cost of living in Kalamazoo-Portage is right at the national average, meaning the lower nominal salary translates to a similar purchasing power compared to the rest of the country.
Executive Summary
- Average Salary: $78,970 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,990.
- Outlook: The Business and Financial Operations sector in Kalamazoo-Portage, MI, comprises a local workforce of 6,430 individuals. With a Location Quotient of 0.8, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally concentrated market. The presence of 53.664 jobs per 1,000 workers suggests a consistent demand for these essential business functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Kalamazoo-Portage, MI earns-16.5%below the national average.
$38
$1,519
$6,581
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Business and Financial Operations roles in Kalamazoo-Portage have seen gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for these positions, ensuring that professionals can maintain their earning potential.
Business and Financial Operations Occupations Salary Distribution in Kalamazoo-Portage, MI
Career progression within Business and Financial Operations roles in Kalamazoo-Portage, MI, is typically marked by significant salary increases. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps between junior and senior roles reflect the value placed on expertise and leadership in financial and operational management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,840 | $21.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,228 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,890 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,713 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,990 | $57.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,970
Gross Pay
Real Wage (Purchasing Power)
$78,970
Adjusted for COL (100)
The average annual salary of $78,970 in Kalamazoo-Portage, MI, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability. While the nominal salary is lower than the national average, the comparable cost of living suggests that the take-home pay will support a similar lifestyle to that of a person earning the national average elsewhere.
Job Market Context
6,430
Total Jobs
53.664
Per 1K Jobs
0.8
Location Quotient
Kalamazoo-Portage, MI has 0.80x 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.
With a Location Quotient of 0.8, the Business and Financial Operations job market in Kalamazoo-Portage, MI, is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, they may not be as abundant or as central to the local economy as in other regions. This could imply a moderate level of competition for open positions, with opportunities available but perhaps not as numerous as in larger, more specialized financial hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Battle Creek, MI Business and Financial Operations Occupations Salary | $81,610↑ 3% | 18 mi |
| Elkhart-Goshen, IN Business and Financial Operations Occupations Salary | $77,380↓ 2% | 45 mi |
| Niles, MI Business and Financial Operations Occupations Salary | $81,130↑ 3% | 45 mi |
| Grand Rapids-Wyoming-Kentwood, MI Business and Financial Operations Occupations Salary | $78,930↓ 0% | 48 mi |
| South Bend-Mishawaka, IN-MI Business and Financial Operations Occupations Salary | $75,800↓ 4% | 54 mi |
Comparing salaries near Kalamazoo-Portage, MI
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kalamazoo-Portage, MI?
The median annual salary for a Business and Financial Operations Occupations in Kalamazoo-Portage, MI is $78,970. This typically ranges from $43,840 for entry-level positions to $119,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kalamazoo-Portage, MI is 16.5% lower than the national median of $94,590.
Is Kalamazoo-Portage, MI a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $78,970 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Kalamazoo-Portage, MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kalamazoo-Portage, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kalamazoo-Portage, MI?
Some top paying nearby cities include Battle Creek, MI ($81,610) and Elkhart-Goshen, IN.
How does the Kalamazoo-Portage salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Kalamazoo-Portage, MI, is $78,970, which is lower than the national average of $94,590.
What is the cost of living in Kalamazoo-Portage, MI?
The Cost of Living Index in Kalamazoo-Portage, MI, is 100, which is exactly the national average.
How concentrated is the Business and Financial Operations job market in Kalamazoo-Portage, MI?
The market has a Location Quotient of 0.8, indicating it is slightly less concentrated than the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Kalamazoo-Portage, MI?
There are approximately 53.664 jobs per 1,000 workers in this sector within Kalamazoo-Portage, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,430 employees in the Kalamazoo-Portage, MI area with a job density of 53.664 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 Kalamazoo-Portage, MI