Average Business and Financial Operations Occupations Salary in Kingston, NY
In Kingston, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,410. This figure is notably below the national average of $94,590, suggesting localized economic factors or industry demand may influence compensation within this New York locale. Understanding these regional nuances is key for financial professionals.
Executive Summary
- Average Salary: $83,410 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,540.
- Outlook: With a local workforce of 2,130 individuals in Business and Financial Operations, Kingston, NY presents a moderate concentration of these roles, indicated by a Location Quotient of 0.54. While not a national hub for this sector, the presence of nearly 37 jobs per 1,000 workers suggests a stable, albeit less saturated, demand for financial expertise within the region.
Salary Overview
The average Business and Financial Operations Occupations in Kingston, NY earns-11.8%below the national average.
$40.1
$1,604
$6,951
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Kingston, NY is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for specialized financial skills, and evolving market dynamics.
Business and Financial Operations Occupations Salary Distribution in Kingston, NY
Salary progression within Business and Financial Operations Occupations in Kingston, NY, is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive expertise and leadership responsibilities can see earnings rise substantially. The percentile gaps between these levels highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,560 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,558 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,980 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,263 | $50.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,540 | $62.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,410
Gross Pay
Real Wage (Purchasing Power)
$83,410
Adjusted for COL (100)
The average annual salary of $83,410 in Kingston, NY, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is comparable to the national standard, making the effective financial standing relatively balanced.
Job Market Context
2,130
Total Jobs
36.541
Per 1K Jobs
0.54
Location Quotient
Kingston, NY has 0.54x 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 0.54 indicates that Business and Financial Operations Occupations are less concentrated in Kingston, NY, compared to the national average. This suggests that while the roles exist and are filled, the market is not oversaturated, potentially offering a competitive environment for skilled professionals seeking opportunities.
Nearby Job Markets
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Comparing salaries near Kingston, NY
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Kingston, NY?
The median annual salary for a Business and Financial Operations Occupations in Kingston, NY is $83,410. This typically ranges from $45,560 for entry-level positions to $130,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kingston, NY is 11.8% lower than the national median of $94,590.
Is Kingston, NY a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to national averages.The average salary of $83,410 is below the national average of $94,590, though the cost of living is on par with the national average.
Is Kingston, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Kingston, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kingston, NY?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($93,120) and Southwest New York nonmetropolitan area.
How does the Kingston, NY salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Kingston, NY is $83,410, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Kingston, NY?
The concentration, measured by the Location Quotient, is 0.54, indicating fewer of these roles relative to the national average.
How does the cost of living in Kingston, NY affect the salary?
Kingston, NY has a Cost of Living Index of 100, which is the national average. This means the $83,410 salary has purchasing power equivalent to the national average.
Are there many Business and Financial Operations jobs in Kingston, NY?
There are 2,130 individuals in this field locally, with 36.541 jobs per 1,000 workers, suggesting a moderate presence rather than a high concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,130 employees in the Kingston, NY area with a job density of 36.541 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 Kingston, NY