Average Business and Financial Operations Occupations Salary in Kansas nonmetropolitan area
In Kansas's nonmetropolitan areas, professionals in Business and Financial Operations Occupations earn an average annual salary of $72,770. This figure is notably below the national average of $94,590, reflecting regional economic factors and potentially a different industry focus compared to more urbanized or specialized national hubs. The lower average salary is often a characteristic of areas with a lower cost of doing business and a less concentrated demand for highly specialized financial roles.
Executive Summary
- Average Salary: $72,770 per year.
- Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,380.
- Outlook: The job market for Business and Financial Operations Occupations in Kansas's nonmetropolitan areas is characterized by a substantial local workforce of 14,790 individuals. However, a Location Quotient of 0.59 indicates that these roles are less concentrated here than the national average. This suggests that while there is a significant presence of these professionals, the demand might not be as robust or specialized as in national centers, implying a steady but perhaps not rapidly expanding job market.
Salary Overview
The average Business and Financial Operations Occupations in Kansas nonmetropolitan area earns-23.1%below the national average.
$35
$1,399
$6,064
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Kansas nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. Economic development, inflation, and increasing demand for financial expertise likely contribute to modest upward adjustments in compensation, even in less concentrated markets.
Business and Financial Operations Occupations Salary Distribution in Kansas nonmetropolitan area
Within Kansas's nonmetropolitan areas, salary progression for Business and Financial Operations roles typically scales with experience. Entry-level positions might command salaries closer to the lower percentiles, while senior roles, those with specialized skills, or management positions would occupy the higher salary brackets. The gap between these percentiles signifies the career advancement opportunities and the increasing value placed on experience and expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,810 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,578 | $26.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,240 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,963 | $43.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,380 | $55 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,770
Gross Pay
Real Wage (Purchasing Power)
$72,770
Adjusted for COL (100)
The nominal average salary of $72,770 in Kansas's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of this salary within these areas is equivalent to the national average. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer comparable living standards to other regions, assuming no significant personal expenditure deviations.
Job Market Context
14,790
Total Jobs
39.477
Per 1K Jobs
0.59
Location Quotient
Kansas nonmetropolitan area has 0.59x 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 0.59, Business and Financial Operations Occupations are less concentrated in Kansas's nonmetropolitan areas compared to the national average. This suggests that the job market is not saturated with these professionals, potentially offering a competitive environment for skilled individuals. While not a hub for these roles, the presence of nearly 15,000 workers indicates a stable demand and opportunities for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Manhattan, KS Business and Financial Operations Occupations Salary | $76,720↑ 5% | 46 mi |
| Topeka, KS Business and Financial Operations Occupations Salary | $78,190↑ 7% | 66 mi |
| Wichita, KS Business and Financial Operations Occupations Salary | $79,300↑ 9% | 67 mi |
| Lawrence, KS Business and Financial Operations Occupations Salary | $77,100↑ 6% | 84 mi |
Comparing salaries near Kansas nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kansas nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Kansas nonmetropolitan area is $72,770. This typically ranges from $38,810 for entry-level positions to $114,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kansas nonmetropolitan area is 23.1% lower than the national median of $94,590.
Is Kansas nonmetropolitan area a lucrative place for Business and Financial Operations Occupations?
No, not compared to the national average.The average salary of $72,770 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the salary's purchasing power comparable locally.
Is Kansas nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kansas nonmetropolitan area?
Some top paying nearby cities include Manhattan, KS ($76,720) and Topeka, KS.
How does the local workforce size impact job prospects?
A local workforce of 14,790 indicates a substantial pool of professionals, suggesting a stable presence of these roles. However, the lower concentration (LQ of 0.59) implies that opportunities might be more competitive or less specialized than in national hubs.
What does a Location Quotient of 0.59 mean for this job sector?
A Location Quotient below 1.0, like 0.59, signifies that Business and Financial Operations Occupations are less prevalent in Kansas's nonmetropolitan areas than the national average. This suggests fewer specialized roles but potentially less competition for generalist positions.
How does the cost of living affect the salary's value?
With a Cost of Living Index of 100, the $72,770 salary has the same purchasing power as the national average salary in a national average cost of living area. This means the lower nominal salary is offset by lower living expenses compared to high-cost national areas.
Are there significant salary differences based on experience?
Yes, experience plays a crucial role. Entry-level positions will likely be at the lower end of the salary spectrum, while senior or specialized roles command higher compensation, reflecting the typical career progression and increased value of expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,790 employees in the Kansas nonmetropolitan area area with a job density of 39.477 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 nonmetropolitan area