Average Business and Financial Operations Occupations Salary in Kennewick-Richland, WA
In Kennewick-Richland, WA, professionals in Business and Financial Operations Occupations earn an impressive average annual salary of $97,780. This figure slightly surpasses the national average of $94,590, indicating a competitive local market. Factors such as the region's specific industry demands and the concentration of specialized financial services likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $97,780 per year.
- Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $146,650.
- Outlook: The Kennewick-Richland area supports a local workforce of 6,870 individuals within Business and Financial Operations Occupations. With a jobs-per-1,000-workers ratio of 53.952, the demand for these roles appears robust. The Location Quotient of 0.8 suggests that while not exceeding the national concentration, the presence of these roles is significant and stable within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Kennewick-Richland, WA earns+3.4%above the national average.
$47
$1,880
$8,148
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Business and Financial Operations Occupations in Kennewick-Richland have experienced salary growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for skilled financial professionals typically drive upward salary adjustments in most metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Kennewick-Richland, WA
Salary progression within Business and Financial Operations Occupations in Kennewick-Richland is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower percentiles, while senior roles, those with advanced certifications, or specialized expertise can push earnings into the higher percentiles. The widening gap between entry-level and senior salaries signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,730 | $25.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,335 | $35.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,150 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $122,225 | $58.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $146,650 | $70.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$97,780
Gross Pay
Real Wage (Purchasing Power)
$97,780
Adjusted for COL (100)
The average annual salary of $97,780 in Kennewick-Richland, WA, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial foundation for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
6,870
Total Jobs
53.952
Per 1K Jobs
0.8
Location Quotient
Kennewick-Richland, WA 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, Business and Financial Operations Occupations are slightly less concentrated in Kennewick-Richland compared to the national average. This suggests a healthy, balanced job market where demand exists but is not overwhelmingly saturated, potentially offering good opportunities for skilled professionals without intense competition.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Walla Walla, WA Business and Financial Operations Occupations Salary | $84,670↓ 13% | 41 mi |
| Yakima, WA Business and Financial Operations Occupations Salary | $82,840↓ 15% | 71 mi |
Comparing salaries near Kennewick-Richland, WA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kennewick-Richland, WA?
The median annual salary for a Business and Financial Operations Occupations in Kennewick-Richland, WA is $97,780. This typically ranges from $53,730 for entry-level positions to $146,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kennewick-Richland, WA is 3.4% higher than the national median of $94,590.
Is Kennewick-Richland, WA a lucrative place for Business and Financial Operations Occupationss?
Yes, it offers competitive compensation.The average salary of $97,780 slightly exceeds the national average, and the cost of living is on par with the national index, indicating strong earning potential.
Is Kennewick-Richland, WA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kennewick-Richland, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kennewick-Richland, WA?
Some top paying nearby cities include Walla Walla, WA ($84,670) and Yakima, WA.
How does the Kennewick-Richland salary compare to the national average?
The average annual salary of $97,780 in Kennewick-Richland is higher than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Kennewick-Richland?
The Location Quotient of 0.8 indicates that these occupations are slightly less concentrated in Kennewick-Richland compared to the national average.
Does the Cost of Living affect the value of the salary in Kennewick-Richland?
No, the Cost of Living Index is 100, which is the national average, meaning the $97,780 salary has average purchasing power.
How many Business and Financial Operations jobs are there per 1,000 workers in Kennewick-Richland?
There are approximately 53.952 jobs per 1,000 workers in Business and Financial Operations Occupations in the Kennewick-Richland area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,870 employees in the Kennewick-Richland, WA area with a job density of 53.952 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 Kennewick-Richland, WA