Average Business and Financial Operations Occupations Salary in Kansas City, MO-KS
In Kansas City, MO-KS, professionals in Business and Financial Operations Occupations earn an average annual salary of $86,730. This figure is slightly below the national average of $94,590, indicating a localized compensation structure influenced by regional economic factors and industry demand within the metropolitan area.
Executive Summary
- Average Salary: $86,730 per year.
- Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,670.
- Outlook: With a substantial local workforce of 83,670 individuals and a Location Quotient of 1.14, the Business and Financial Operations sector in Kansas City demonstrates a healthy concentration of talent. This suggests a robust and potentially growing job market, with demand for these specialized skills exceeding the national average relative to the overall workforce size.
Salary Overview
The average Business and Financial Operations Occupations in Kansas City, MO-KS earns-8.3%below the national average.
$41.7
$1,668
$7,228
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 Occupations in Kansas City, MO-KS have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Kansas City, MO-KS
Salary progression within Business and Financial Operations Occupations in Kansas City, MO-KS is strongly tied to experience. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities can significantly increase earning potential. The widening gap between entry-level and senior salaries reflects the clear career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,300 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,048 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,360 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,413 | $52.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,670 | $63.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$86,730
Gross Pay
Real Wage (Purchasing Power)
$86,730
Adjusted for COL (100)
The average annual salary of $86,730 in Kansas City, MO-KS 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 stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
83,670
Total Jobs
76.517
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Kansas City, MO-KS has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
A Location Quotient of 1.14 signifies that Business and Financial Operations Occupations are more concentrated in Kansas City, MO-KS than the national average. This suggests a competitive yet potentially abundant job market, where employers may find a good pool of qualified candidates, and professionals can leverage their specialized skills within a recognized industry hub.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Lawrence, KS Business and Financial Operations Occupations Salary | $77,100↓ 11% | 38 mi |
| St. Joseph, MO-KS Business and Financial Operations Occupations Salary | $75,350↓ 13% | 47 mi |
| Topeka, KS Business and Financial Operations Occupations Salary | $78,190↓ 10% | 60 mi |
Comparing salaries near Kansas City, MO-KS
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kansas City, MO-KS?
The median annual salary for a Business and Financial Operations Occupations in Kansas City, MO-KS is $86,730. This typically ranges from $46,300 for entry-level positions to $131,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kansas City, MO-KS is 8.3% lower than the national median of $94,590.
Is Kansas City, MO-KS a lucrative place for Business and Financial Operations Occupationss?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living is also at the national average, making it a financially balanced location. The strong concentration of these roles (LQ 1.14) indicates a healthy job market.
Is Kansas City, MO-KS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kansas City, MO-KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kansas City, MO-KS?
Some top paying nearby cities include Lawrence, KS ($77,100) and St. Joseph, MO-KS.
How does the Kansas City salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Kansas City, MO-KS is $86,730, which is below the national average of $94,590.
What is the Cost of Living in Kansas City, MO-KS?
The Cost of Living Index in Kansas City, MO-KS is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Kansas City?
These occupations are more concentrated in Kansas City than the national average, with a Location Quotient of 1.14, indicating a significant presence.
What is the total workforce size for these occupations in Kansas City?
There are approximately 83,670 individuals employed in Business and Financial Operations Occupations within the Kansas City, MO-KS metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 83,670 employees in the Kansas City, MO-KS area with a job density of 76.517 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 Kansas City, MO-KS