In Little Rock-North Little Rock-Conway, AR, professionals in Business and Financial Operations Occupations earn an average annual salary of $72,730. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially lower demand contribute to this compensation difference. The specific economic landscape of the Little Rock metropolitan area shapes the earning potential for these vital roles.
Executive Summary
- Average Salary: $72,730 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,030.
- Outlook: The Little Rock-North Little Rock-Conway, AR area supports a substantial workforce of 20,480 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.86, the concentration of these roles is slightly below the national average, indicating a moderately developed market. The presence of 58.021 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for these professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Little Rock-North Little Rock-Conway, AR earns-23.1%below the national average.
$35
$1,399
$6,061
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for the Little Rock-North Little Rock-Conway, AR area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced consistent growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for specialized financial and operational expertise typically drive upward salary adjustments across most metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Little Rock-North Little Rock-Conway, AR
Career progression within Business and Financial Operations Occupations typically leads to significant salary increases. Entry-level positions often start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. The widening gap between entry-level and senior-level compensation reflects the value placed on expertise, leadership, and a proven track record in managing complex financial and operational tasks.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,180 | $18.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,548 | $26.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,910 | $30.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,913 | $43.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,030 | $54.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,730
Gross Pay
Real Wage (Purchasing Power)
$72,730
Adjusted for COL (100)
The average annual salary of $72,730 in Little Rock-North Little Rock-Conway, AR aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national average. Therefore, the $72,730 earned locally offers a comparable standard of living to what $72,730 would provide elsewhere in the country.
Job Market Context
20,480
Total Jobs
58.021
Per 1K Jobs
0.86
Location Quotient
Little Rock-North Little Rock-Conway, AR has 0.86x 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.
With a Location Quotient of 0.86, the Business and Financial Operations Occupations market in Little Rock-North Little Rock-Conway, AR is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the job market may not be as saturated with highly specialized talent or as intensely competitive as in larger, more economically diverse metropolitan areas. Opportunities exist, but the sheer volume of specialized roles might be more moderate.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Little Rock-North Little Rock-Conway, AR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Business and Financial Operations Occupations in Little Rock-North Little Rock-Conway, AR is $72,730. This typically ranges from $38,180 for entry-level positions to $113,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 23.1% lower than the national median of $94,590.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $72,730 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($65,060) and North Arkansas nonmetropolitan area.
How does the Little Rock salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Little Rock is $72,730, which is considerably less than the national average of $94,590.
What is the Cost of Living in Little Rock-North Little Rock-Conway, AR?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100, which is exactly the national average. This means the cost of goods and services is neither higher nor lower than the typical U.S. city.
Is there strong demand for Business and Financial Operations roles in Little Rock?
The demand is moderate, as indicated by 58.021 jobs per 1,000 workers and a Location Quotient slightly below the national average.
How does experience affect salary in this field in Little Rock?
Experience significantly impacts earning potential, with senior roles commanding much higher salaries than entry-level positions, reflecting a typical career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 20,480 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 58.021 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Little Rock-North Little Rock-Conway, AR
- All Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Office and Administrative Support Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Transportation and Material Moving Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Sales and Related Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Healthcare Practitioners and Technical Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Food Preparation and Serving Related Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Management Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Business and Financial Operations Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Educational Instruction and Library Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Production Occupations Salary in Little Rock-North Little Rock-Conway, AR
- Browse All Jobs in Little Rock-North Little Rock-Conway, AR →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Little Rock-North Little Rock-Conway, AR