Average Business and Financial Operations Occupations Salary in Lewiston-Auburn, ME
In Lewiston-Auburn, ME, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,130. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The compensation landscape here is shaped by the unique economic drivers and industry concentration present in the Lewiston-Auburn area.
Executive Summary
- Average Salary: $76,130 per year.
- Growth Trend: Salaries have shifted 13.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,850.
- Outlook: The Business and Financial Operations sector in Lewiston-Auburn, ME, comprises a workforce of 1,910 individuals. With a Location Quotient of 0.59, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. While the absolute number of jobs indicates a stable employment base, the lower concentration implies that opportunities may be more specialized or less abundant compared to larger metropolitan areas.
Salary Overview
The average Business and Financial Operations Occupations in Lewiston-Auburn, ME earns-19.5%below the national average.
$36.6
$1,464
$6,344
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Lewiston-Auburn's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic recovery, inflation, and increasing demand for financial expertise typically drive upward adjustments in compensation across most professional fields, including this one.
Business and Financial Operations Occupations Salary Distribution in Lewiston-Auburn, ME
Within the Business and Financial Operations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and a proven track record can significantly exceed the average. The widening gap between entry-level and senior-level salaries serves as a clear indicator of career advancement opportunities and the value placed on seasoned professionals in this domain.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,240 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,098 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,050 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,163 | $45.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,850 | $52.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,130
Gross Pay
Real Wage (Purchasing Power)
$76,130
Adjusted for COL (100)
For individuals considering a move to Lewiston-Auburn, ME, the average salary of $76,130 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Lewiston-Auburn is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher cost-of-living areas.
Job Market Context
1,910
Total Jobs
39.483
Per 1K Jobs
0.59
Location Quotient
Lewiston-Auburn, ME has 0.59x 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.
The Location Quotient of 0.59 for Business and Financial Operations Occupations in Lewiston-Auburn indicates that this sector is less concentrated locally compared to the national average. This suggests that while the jobs exist, the market is not saturated, potentially offering a competitive environment for skilled professionals but also implying that the sheer volume of opportunities might be lower than in more dominant national hubs.
Nearby Job Markets
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lewiston-Auburn, ME?
The median annual salary for a Business and Financial Operations Occupations in Lewiston-Auburn, ME is $76,130. This typically ranges from $44,240 for entry-level positions to $109,850 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lewiston-Auburn, ME is 19.5% lower than the national median of $94,590.
Is Lewiston-Auburn, ME a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national standards.The average salary of $76,130 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Lewiston-Auburn, ME a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lewiston-Auburn, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lewiston-Auburn, ME?
Some top paying nearby cities include Portland-South Portland, ME ($89,230) and Southwest Maine nonmetropolitan area.
How does the Lewiston-Auburn salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Lewiston-Auburn, ME is $76,130, which is considerably lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Lewiston-Auburn?
The Location Quotient of 0.59 indicates that Business and Financial Operations Occupations are less concentrated in Lewiston-Auburn compared to the national average, suggesting a moderate presence in the local job market.
How does the cost of living in Lewiston-Auburn affect salary perception?
With a Cost of Living Index of 100, Lewiston-Auburn is at the national average. This means the $76,130 salary offers purchasing power equivalent to the national average, mitigating the impact of the lower nominal wage.
What does the job market size suggest for Business and Financial Operations professionals in Lewiston-Auburn?
A total local workforce of 1,910 in this sector suggests a stable, albeit not massive, employment base, offering opportunities for those with relevant skills and experience within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,910 employees in the Lewiston-Auburn, ME area with a job density of 39.483 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 Lewiston-Auburn, ME