Average Business and Financial Operations Occupations Salary in Killeen-Temple, TX
In Killeen-Temple, TX, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,440. This figure is notably below the national average of $94,590, suggesting that localized economic factors and industry demand within the Killeen-Temple area play a significant role in determining compensation levels.
Executive Summary
- Average Salary: $76,440 per year.
- Growth Trend: Salaries have shifted 8.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,050.
- Outlook: The Killeen-Temple area supports a workforce of 6,990 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.7, this sector is slightly less concentrated than the national average, indicating a moderate but stable presence. The rate of 47.059 jobs per 1,000 workers suggests a consistent demand for these roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Killeen-Temple, TX earns-19.2%below the national average.
$36.8
$1,470
$6,370
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 Killeen-Temple, TX, have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing business activity and the evolving needs for financial expertise within the region.
Business and Financial Operations Occupations Salary Distribution in Killeen-Temple, TX
Salary progression within Business and Financial Operations Occupations in Killeen-Temple, TX, typically scales with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and a proven track record can significantly increase earning potential. The percentile gaps between different experience levels highlight clear opportunities for career advancement and increased compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,420 | $19.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,330 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,950 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,550 | $45.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,050 | $56.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,440
Gross Pay
Real Wage (Purchasing Power)
$76,440
Adjusted for COL (100)
The average annual salary of $76,440 in Killeen-Temple, TX, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
6,990
Total Jobs
47.059
Per 1K Jobs
0.7
Location Quotient
Killeen-Temple, TX has 0.70x 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 0.7, the Business and Financial Operations Occupations sector in Killeen-Temple, TX, is less concentrated than the national average. This suggests that while the market is not saturated, there is a steady demand for these professionals. The job market is likely competitive, but opportunities exist for skilled individuals.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Killeen-Temple, TX?
The median annual salary for a Business and Financial Operations Occupations in Killeen-Temple, TX is $76,440. This typically ranges from $40,420 for entry-level positions to $117,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Killeen-Temple, TX is 19.2% lower than the national median of $94,590.
Is Killeen-Temple, TX a lucrative place for Business and Financial Operations Occupationss?
No, but it offers stable purchasing power.While the average salary of $76,440 is below the national average, the local cost of living being at the national average means your earnings hold their value. The market is moderately concentrated, indicating steady demand.
Is Killeen-Temple, TX a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Killeen-Temple, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Killeen-Temple, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($72,480) and Northwestern Region of Texas nonmetropolitan area.
How does the Killeen-Temple salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Killeen-Temple, TX, is $76,440, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Killeen-Temple, TX?
The concentration, measured by the Location Quotient, is 0.7, indicating that this sector is less prevalent in Killeen-Temple compared to the national average.
How does the cost of living affect the salary in Killeen-Temple, TX?
The cost of living in Killeen-Temple, TX, is at the national average (100), meaning the $76,440 salary provides purchasing power equivalent to the national average.
What does a Location Quotient of 0.7 mean for job seekers?
A Location Quotient of 0.7 suggests that while Business and Financial Operations Occupations are present, they are not as dominant as in other national regions, implying a potentially competitive but stable job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,990 employees in the Killeen-Temple, TX area with a job density of 47.059 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 Killeen-Temple, TX