Average Business and Financial Operations Occupations Salary in Lawton, OK
In Lawton, OK, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,290. This figure is notably below the national average of $94,590, reflecting localized economic conditions and demand specific to the Lawton area. Factors such as industry concentration and the overall economic landscape of Oklahoma influence this pay scale.
Executive Summary
- Average Salary: $76,290 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,220.
- Outlook: With a local workforce of 2,140 individuals in Business and Financial Operations, Lawton presents a moderate employment base. The Location Quotient of 0.75 suggests that this sector is slightly less concentrated than the national average, indicating a stable but not exceptionally high demand for these roles within the immediate region.
Salary Overview
The average Business and Financial Operations Occupations in Lawton, OK earns-19.3%below the national average.
$36.7
$1,467
$6,358
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Lawton's Business and Financial Operations sector is not provided, it is generally assumed that salaries within this field 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 evolving industry needs.
Business and Financial Operations Occupations Salary Distribution in Lawton, OK
Career progression in Business and Financial Operations typically sees significant salary increases with experience. Entry-level positions might start at a lower percentile, while senior roles and specialized expertise can command salaries well above the average. The widening gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,830 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,218 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,550 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,363 | $45.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,220 | $58.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,290
Gross Pay
Real Wage (Purchasing Power)
$76,290
Adjusted for COL (100)
The average annual salary of $76,290 in Lawton, OK, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the Lawton salary is equivalent to the national average, offering a stable financial environment for residents without the added pressure of higher living expenses.
Job Market Context
2,140
Total Jobs
50.191
Per 1K Jobs
0.75
Location Quotient
Lawton, OK has 0.75x 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 0.75 for Business and Financial Operations in Lawton indicates that this sector is present but not a dominant industry compared to the national landscape. This suggests a moderately competitive job market where opportunities exist, but the concentration of roles is lower than the national average, implying a balanced supply and demand.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Wichita Falls, TX Business and Financial Operations Occupations Salary | $70,170↓ 8% | 49 mi |
| Oklahoma City, OK Business and Financial Operations Occupations Salary | $80,330↑ 5% | 78 mi |
Comparing salaries near Lawton, OK
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lawton, OK?
The median annual salary for a Business and Financial Operations Occupations in Lawton, OK is $76,290. This typically ranges from $36,830 for entry-level positions to $122,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lawton, OK is 19.3% lower than the national median of $94,590.
Is Lawton, OK a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to national averages.While the average salary of $76,290 is respectable, it falls below the national average. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Lawton, OK a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lawton, OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lawton, OK?
Some top paying nearby cities include Wichita Falls, TX ($70,170) and Oklahoma City, OK.
How does Lawton's salary compare to the national average for this field?
The average salary in Lawton, OK ($76,290) is approximately 19.3% lower than the national average ($94,590) for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Lawton?
Lawton has a Location Quotient of 0.75, meaning the concentration of these jobs is 25% lower than the national average, suggesting a less specialized market.
Does the cost of living in Lawton affect salary expectations?
No, the cost of living in Lawton is at the national average (100), so the $76,290 salary offers purchasing power equivalent to the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Lawton?
There are approximately 50.191 jobs per 1,000 workers in Business and Financial Operations in Lawton, OK.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,140 employees in the Lawton, OK area with a job density of 50.191 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 Lawton, OK