Average Business and Financial Operations Occupations Salary in Lewiston, ID-WA
In Lewiston, ID-WA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $74,070. This figure is notably below the national average of $94,590, reflecting regional economic factors and demand specific to the Lewiston area. The local market dynamics, including industry concentration and the overall economic landscape, play a significant role in shaping compensation levels for these vital roles.
Executive Summary
- Average Salary: $74,070 per year.
- Growth Trend: Salaries have shifted 16.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,470.
- Outlook: The Lewiston, ID-WA market for Business and Financial Operations Occupations comprises a workforce of 1,090 individuals. With a Location Quotient of 0.58, this sector is less concentrated than the national average, suggesting a potentially less saturated but also potentially less robust job market. The presence of nearly 39 jobs per 1,000 workers indicates a steady, albeit not dominant, demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Lewiston, ID-WA earns-21.7%below the national average.
$35.6
$1,424
$6,173
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Lewiston is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced a modest upward trend over the past four years, mirroring national economic recovery and inflation. This growth is typically driven by increasing demand for financial expertise and the evolving complexities of business operations, leading to incremental salary adjustments across most regions.
Business and Financial Operations Occupations Salary Distribution in Lewiston, ID-WA
Career progression within Business and Financial Operations Occupations in Lewiston, ID-WA, is marked by significant salary increases with experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles and specialized positions command substantially higher compensation. The percentile gaps between entry-level and senior roles highlight the substantial earning potential and career advancement opportunities available to dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,230 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,553 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,940 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,588 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,470 | $52.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,070
Gross Pay
Real Wage (Purchasing Power)
$74,070
Adjusted for COL (100)
The average annual salary of $74,070 in Lewiston, ID-WA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Lewiston salary is equivalent to the national average, making the nominal salary figure a fair representation of the standard of living achievable in the area. Relocating professionals will find their income stretches as far as it would in a typical U.S. city.
Job Market Context
1,090
Total Jobs
38.947
Per 1K Jobs
0.58
Location Quotient
Lewiston, ID-WA has 0.58x 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 0.58 for Business and Financial Operations Occupations in Lewiston, ID-WA, signifies that this sector is underrepresented compared to the national average. This suggests that while there is a consistent need for these roles, the market is not saturated, potentially offering good opportunities for skilled professionals. However, it also implies that the overall demand might be lower than in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Walla Walla, WA Business and Financial Operations Occupations Salary | $84,670↑ 14% | 68 mi |
| Spokane-Spokane Valley, WA Business and Financial Operations Occupations Salary | $84,810↑ 14% | 90 mi |
| Coeur d'Alene, ID Business and Financial Operations Occupations Salary | $76,780↑ 4% | 91 mi |
Comparing salaries near Lewiston, ID-WA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lewiston, ID-WA?
The median annual salary for a Business and Financial Operations Occupations in Lewiston, ID-WA is $74,070. This typically ranges from $43,230 for entry-level positions to $108,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lewiston, ID-WA is 21.7% lower than the national median of $94,590.
Is Lewiston, ID-WA a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average.While the cost of living is average, the average salary of $74,070 is significantly lower than the national average of $94,590. The lower Location Quotient also suggests less market concentration and potentially fewer high-paying opportunities.
Is Lewiston, ID-WA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lewiston, ID-WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lewiston, ID-WA?
Some top paying nearby cities include Walla Walla, WA ($84,670) and Spokane-Spokane Valley, WA.
How does the Lewiston salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Lewiston, ID-WA is $74,070, which is considerably lower than the national average of $94,590.
What is the cost of living in Lewiston, ID-WA?
The cost of living in Lewiston, ID-WA is exactly at the national average, with an index of 100.
How concentrated is the Business and Financial Operations job market in Lewiston?
The job market in Lewiston is less concentrated than the national average, with a Location Quotient of 0.58, indicating fewer jobs per capita in this sector compared to the rest of the country.
What is the total workforce size for these occupations in Lewiston?
There are 1,090 individuals employed in Business and Financial Operations Occupations in Lewiston, ID-WA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the Lewiston, ID-WA area with a job density of 38.947 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, ID-WA