Average Business and Financial Operations Occupations Salary in Lawrence, KS
In Lawrence, KS, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,100. 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 specific Kansas market. The unique economic landscape of Lawrence influences the earning potential for these vital roles.
Executive Summary
- Average Salary: $77,100 per year.
- Growth Trend: Salaries have shifted 26.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,680.
- Outlook: With a local workforce of 2,780 individuals in Business and Financial Operations Occupations, Lawrence, KS presents a moderately sized sector. The Location Quotient of 0.81 indicates that this field is slightly less concentrated in Lawrence compared to the national average, suggesting a stable but not overly saturated job market. The presence of 54.115 jobs per 1,000 workers points to consistent demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Lawrence, KS earns-18.5%below the national average.
$37.1
$1,483
$6,425
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Lawrence, KS is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations, leading to incremental salary increases for experienced professionals.
Business and Financial Operations Occupations Salary Distribution in Lawrence, KS
Salary progression within Business and Financial Operations Occupations in Lawrence, KS, typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command substantially higher salaries. The percentile gaps in earnings clearly signify the career progression and increased value that senior roles bring to organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,000 | $21.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,825 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,560 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,375 | $46.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,680 | $56.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,100
Gross Pay
Real Wage (Purchasing Power)
$77,100
Adjusted for COL (100)
The average annual salary of $77,100 in Lawrence, KS, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of a Business and Financial Operations professional's salary in Lawrence is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living effectively neutralizes this difference for local residents.
Job Market Context
2,780
Total Jobs
54.115
Per 1K Jobs
0.81
Location Quotient
Lawrence, KS has 0.81x 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 0.81 for Business and Financial Operations Occupations in Lawrence, KS, indicates that this sector is slightly less prevalent than the national average. This suggests that while there is a solid presence of these roles, the market is not as intensely concentrated as in other areas. This could imply a competitive environment for highly specialized roles but potentially more opportunities for generalists seeking to enter the field.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Topeka, KS Business and Financial Operations Occupations Salary | $78,190↑ 1% | 24 mi |
| Kansas City, MO-KS Business and Financial Operations Occupations Salary | $86,730↑ 12% | 38 mi |
| St. Joseph, MO-KS Business and Financial Operations Occupations Salary | $75,350↓ 2% | 60 mi |
| Manhattan, KS Business and Financial Operations Occupations Salary | $76,720↓ 0% | 74 mi |
| Kansas nonmetropolitan area Business and Financial Operations Occupations Salary | $72,770↓ 6% | 84 mi |
Comparing salaries near Lawrence, KS
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lawrence, KS?
The median annual salary for a Business and Financial Operations Occupations in Lawrence, KS is $77,100. This typically ranges from $44,000 for entry-level positions to $116,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lawrence, KS is 18.5% lower than the national median of $94,590.
Is Lawrence, KS a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $77,100 is significantly lower than the national average of $94,590. This indicates that while your money may go as far locally, the overall earning potential is diminished.
Is Lawrence, KS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lawrence, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lawrence, KS?
Some top paying nearby cities include Topeka, KS ($78,190) and Kansas City, MO-KS.
How does the total workforce size impact job availability in Lawrence, KS?
The total local workforce of 2,780 for Business and Financial Operations Occupations suggests a substantial pool of professionals. While not the largest sector, it indicates consistent demand and a stable job market for those in these roles within Lawrence.
What does a Location Quotient of 0.81 mean for job seekers?
A Location Quotient of 0.81 signifies that Business and Financial Operations Occupations are slightly less concentrated in Lawrence, KS, than the national average. This could mean fewer highly specialized roles but potentially more opportunities for generalists or those willing to adapt to local industry needs.
How does the cost of living in Lawrence, KS compare nationally?
Lawrence, KS, has a Cost of Living Index of 100, which is precisely the national average. This means that the general expenses for housing, utilities, groceries, and transportation are comparable to the U.S. average.
Are there many Business and Financial Operations jobs per capita in Lawrence, KS?
With 54.115 jobs per 1,000 workers, Lawrence, KS, shows a healthy presence of Business and Financial Operations roles relative to its population. This metric suggests a consistent demand for these skills within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,780 employees in the Lawrence, KS area with a job density of 54.115 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 Lawrence, KS