Average Business and Financial Operations Occupations Salary in Lansing-East Lansing, MI
In Lansing-East Lansing, MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,720. This figure is notably below the national average of $94,590, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this metropolitan area. Factors such as the specific industry mix and the overall economic landscape of the region contribute to this pay differential.
Executive Summary
- Average Salary: $79,720 per year.
- Growth Trend: Salaries have shifted 13.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,840.
- Outlook: The Lansing-East Lansing area supports a substantial workforce of 17,960 individuals within Business and Financial Operations Occupations. With a Location Quotient of 1.25, this sector demonstrates a higher concentration of these roles compared to the national average, indicating a robust and established presence. The rate of 84.084 jobs per 1,000 workers further underscores the significant demand and integration of these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Lansing-East Lansing, MI earns-15.7%below the national average.
$38.3
$1,533
$6,643
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 Lansing-East Lansing have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for specialized financial expertise, and the overall expansion of businesses within the region.
Business and Financial Operations Occupations Salary Distribution in Lansing-East Lansing, MI
Salary progression within Business and Financial Operations Occupations in Lansing-East Lansing is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The widening gap between entry-level and senior salaries reflects the substantial career advancement opportunities and the increased value placed on seasoned professionals in the market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,060 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,790 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,920 | $37.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,650 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,840 | $51.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,720
Gross Pay
Real Wage (Purchasing Power)
$79,720
Adjusted for COL (100)
The average annual salary of $79,720 in Lansing-East Lansing aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the local salary is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher or lower living expenses.
Job Market Context
17,960
Total Jobs
84.084
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.25, Lansing-East Lansing exhibits a concentration of Business and Financial Operations Occupations that is 25% higher than the national average. This suggests a competitive yet well-established job market where these roles are in demand and integrated into the local economic fabric, potentially offering more opportunities than in areas with a lower concentration.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Lansing-East Lansing, MI
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lansing-East Lansing, MI?
The median annual salary for a Business and Financial Operations Occupations in Lansing-East Lansing, MI is $79,720. This typically ranges from $48,060 for entry-level positions to $107,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 15.7% lower than the national median of $94,590.
Is Lansing-East Lansing, MI a lucrative place for Business and Financial Operations Occupationss?
No, but it offers stable purchasing power.While the average salary of $79,720 is below the national average, the cost of living is also at the national average. This means your earnings will have standard purchasing power within the region.
Is Lansing-East Lansing, MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($77,580) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Lansing-East Lansing is $79,720, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Lansing-East Lansing?
Lansing-East Lansing has a Location Quotient of 1.25 for these occupations, indicating a higher concentration than the national average.
How does the cost of living in Lansing-East Lansing affect salary perception?
The cost of living index is 100, matching the national average, which means the $79,720 salary has typical purchasing power.
What does a Location Quotient of 1.25 signify for job seekers?
A Location Quotient of 1.25 suggests that Business and Financial Operations Occupations are more prevalent and potentially in higher demand in Lansing-East Lansing compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,960 employees in the Lansing-East Lansing, MI area with a job density of 84.084 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 Lansing-East Lansing, MI