Average Business and Financial Operations Occupations Salary in Lake Charles, LA
In Lake Charles, LA, professionals in Business and Financial Operations Occupations earn an average annual salary of $75,120. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape of Lake Charles influences the prevailing wage rates for these critical roles.
Executive Summary
- Average Salary: $75,120 per year.
- Growth Trend: Salaries have shifted 10.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,050.
- Outlook: The local workforce for Business and Financial Operations Occupations in Lake Charles comprises 3,240 individuals. With a Location Quotient of 0.48, this sector is less concentrated than the national average, indicating a potentially less saturated but also less specialized local market. The presence of 32.313 jobs per 1,000 workers suggests a steady, albeit not overwhelmingly robust, demand for these professionals within the area.
Salary Overview
The average Business and Financial Operations Occupations in Lake Charles, LA earns-20.6%below the national average.
$36.1
$1,445
$6,260
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a general trend of salary growth for Business and Financial Operations Occupations over the past four years, mirroring national economic trends. Factors such as inflation, increased demand for financial expertise, and evolving industry needs likely contributed to incremental salary increases, even if the pace varied within the Lake Charles market.
Business and Financial Operations Occupations Salary Distribution in Lake Charles, LA
Salary progression within Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions often start at the lower percentiles of the salary range, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on expertise, leadership, and strategic financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,130 | $17.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,340 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,070 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,900 | $45.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,050 | $61.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,120
Gross Pay
Real Wage (Purchasing Power)
$75,120
Adjusted for COL (100)
The nominal average salary of $75,120 in Lake Charles aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the gross income is lower than the national average, the purchasing power of that income locally is equivalent to the national standard. Therefore, the $75,120 salary offers a comparable lifestyle to what one might expect with a higher salary in a more expensive region.
Job Market Context
3,240
Total Jobs
32.313
Per 1K Jobs
0.48
Location Quotient
At 0.48x, Lake Charles, LA has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.48 signifies that Business and Financial Operations Occupations are less prevalent in Lake Charles compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available candidates, but it also implies that the industry might not be a primary economic driver for the region. Companies seeking these specialized roles may find a smaller pool of local talent, potentially leading to recruitment challenges or opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Beaumont-Port Arthur, TX Business and Financial Operations Occupations Salary | $83,340↑ 11% | 56 mi |
| Lafayette, LA Business and Financial Operations Occupations Salary | $71,740↓ 4% | 70 mi |
| Alexandria, LA Business and Financial Operations Occupations Salary | $70,580↓ 6% | 87 mi |
Comparing salaries near Lake Charles, LA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lake Charles, LA?
The median annual salary for a Business and Financial Operations Occupations in Lake Charles, LA is $75,120. This typically ranges from $36,130 for entry-level positions to $128,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lake Charles, LA is 20.6% lower than the national median of $94,590.
Is Lake Charles, LA a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $75,120 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the lower salary has equivalent purchasing power locally.
Is Lake Charles, LA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lake Charles, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lake Charles, LA?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($83,340) and Lafayette, LA.
How does the cost of living in Lake Charles compare nationally?
Lake Charles has a cost of living index of 100, which is exactly the national average. This means that, on average, goods and services cost the same in Lake Charles as they do across the United States.
What is the concentration of Business and Financial Operations jobs in Lake Charles?
The concentration, measured by the Location Quotient, is 0.48. This indicates that these occupations are less common in Lake Charles than the national average.
How many Business and Financial Operations professionals work in Lake Charles?
There are approximately 3,240 individuals employed in Business and Financial Operations Occupations in Lake Charles.
Are there many job opportunities for Business and Financial Operations roles in Lake Charles?
With 32.313 jobs per 1,000 workers, there is a moderate presence of these roles, though the lower Location Quotient suggests it's not a dominant sector compared to national trends.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,240 employees in the Lake Charles, LA area with a job density of 32.313 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Lake Charles, LA
- All Occupations Salary in Lake Charles, LA
- Office and Administrative Support Occupations Salary in Lake Charles, LA
- Food Preparation and Serving Related Occupations Salary in Lake Charles, LA
- Sales and Related Occupations Salary in Lake Charles, LA
- Production Occupations Salary in Lake Charles, LA
- Construction and Extraction Occupations Salary in Lake Charles, LA
- Transportation and Material Moving Occupations Salary in Lake Charles, LA
- Healthcare Practitioners and Technical Occupations Salary in Lake Charles, LA
- Installation, Maintenance, and Repair Occupations Salary in Lake Charles, LA
- Healthcare Support Occupations Salary in Lake Charles, LA
- Browse All Jobs in Lake Charles, LA →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Lake Charles, LA