Average Business and Financial Operations Occupations Salary in Kingsport-Bristol, TN-VA
In Kingsport-Bristol, TN-VA, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,040. This figure is notably below the national average of $94,590, reflecting regional economic factors and a potentially less concentrated demand for these specialized roles compared to larger metropolitan areas. The local economic landscape and industry mix significantly influence compensation levels for these critical business functions.
Executive Summary
- Average Salary: $78,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,550.
- Outlook: The Kingsport-Bristol, TN-VA area supports a workforce of 5,800 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.73, this sector is slightly less concentrated than the national average, suggesting a stable but not exceptionally robust demand. The number of jobs per 1,000 workers, at 49.316, indicates a moderate presence of these roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Kingsport-Bristol, TN-VA earns-17.5%below the national average.
$37.5
$1,501
$6,503
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this region is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward salary adjustments, even in markets with lower concentration.
Business and Financial Operations Occupations Salary Distribution in Kingsport-Bristol, TN-VA
Salary progression within Business and Financial Operations Occupations typically sees significant increases with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command substantially higher compensation. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,870 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,530 | $28.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,460 | $33.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,550 | $46.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,550 | $61.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,040
Gross Pay
Real Wage (Purchasing Power)
$78,040
Adjusted for COL (100)
The average annual salary of $78,040 in Kingsport-Bristol, TN-VA aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the nominal salary figure a realistic representation of living expenses in the area.
Job Market Context
5,800
Total Jobs
49.316
Per 1K Jobs
0.73
Location Quotient
Kingsport-Bristol, TN-VA has 0.73x 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.
A Location Quotient of 0.73 for Business and Financial Operations Occupations in Kingsport-Bristol, TN-VA suggests that this sector is less concentrated here than in the nation overall. This indicates a moderately competitive job market where opportunities exist, but the sheer volume of available positions might be lower compared to national hubs, potentially leading to less aggressive salary competition.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Johnson City, TN Business and Financial Operations Occupations Salary | $70,860↓ 9% | 16 mi |
| Morristown, TN Business and Financial Operations Occupations Salary | $66,240↓ 15% | 47 mi |
| Asheville, NC Business and Financial Operations Occupations Salary | $80,330↑ 3% | 66 mi |
| Hickory-Lenoir-Morganton, NC Business and Financial Operations Occupations Salary | $74,380↓ 5% | 87 mi |
| Knoxville, TN Business and Financial Operations Occupations Salary | $77,540↓ 1% | 87 mi |
Comparing salaries near Kingsport-Bristol, TN-VA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kingsport-Bristol, TN-VA?
The median annual salary for a Business and Financial Operations Occupations in Kingsport-Bristol, TN-VA is $78,040. This typically ranges from $38,870 for entry-level positions to $128,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kingsport-Bristol, TN-VA is 17.5% lower than the national median of $94,590.
Is Kingsport-Bristol, TN-VA a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered particularly lucrative compared to national averages.The average salary of $78,040 is significantly lower than the national average of $94,590. While the cost of living is average, the lower pay scale indicates less lucrative opportunities in this specific sector for the region.
Is Kingsport-Bristol, TN-VA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kingsport-Bristol, TN-VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kingsport-Bristol, TN-VA?
Some top paying nearby cities include Johnson City, TN ($70,860) and Morristown, TN.
How does the local salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Kingsport-Bristol, TN-VA is $78,040, which is approximately 17.5% lower than the national average of $94,590.
What is the significance of the Location Quotient (LQ) of 0.73?
An LQ of 0.73 means that Business and Financial Operations Occupations are 27% less concentrated in Kingsport-Bristol, TN-VA compared to the national average. This suggests a smaller, but present, job market for these roles.
How does the Cost of Living affect the salary?
With a Cost of Living Index of 100, the local salary of $78,040 has the same purchasing power as the national average salary would in a national-average cost-of-living area.
What is the total workforce size for these occupations in Kingsport-Bristol, TN-VA?
There are approximately 5,800 individuals employed in Business and Financial Operations Occupations within the Kingsport-Bristol, TN-VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,800 employees in the Kingsport-Bristol, TN-VA area with a job density of 49.316 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 Kingsport-Bristol, TN-VA