In the Lower East Mississippi nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,730. This figure is notably below the national average of $94,590, reflecting the economic landscape and specific industry demands of this region. Localized economic factors and a potentially lower concentration of high-paying corporate headquarters contribute to this pay differential.
Executive Summary
- Average Salary: $69,730 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,920.
- Outlook: The job market for Business and Financial Operations Occupations in Lower East Mississippi comprises a workforce of 3,510 individuals. With a Location Quotient of 0.43, this sector is less concentrated than the national average, suggesting a smaller, potentially more specialized, local demand. The presence of nearly 29 jobs per 1,000 workers indicates a steady, albeit not overwhelmingly robust, employment base within this nonmetropolitan setting.
Salary Overview
The average Business and Financial Operations Occupations in Lower East Mississippi nonmetropolitan area earns-26.3%below the national average.
$33.5
$1,341
$5,811
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations have experienced gradual growth over the past four years, mirroring national trends. Economic development initiatives and evolving business needs within the region likely contribute to a modest upward trajectory in compensation, though potentially at a slower pace than in major metropolitan hubs.
Business and Financial Operations Occupations Salary Distribution in Lower East Mississippi nonmetropolitan area
Within the Business and Financial Operations Occupations field, salary progression is typically tied to experience and specialization. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with advanced skills and leadership responsibilities can expect significantly higher compensation. The percentile gaps in salary distributions within this sector are indicative of clear career advancement pathways, rewarding expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,290 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,298 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,450 | $30 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,163 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,920 | $52.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,730
Gross Pay
Real Wage (Purchasing Power)
$69,730
Adjusted for COL (100)
The average annual salary of $69,730 in the Lower East Mississippi nonmetropolitan area 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 is comparable to the national standard. Residents can expect their earnings to cover essential expenses at a rate consistent with the rest of the country, making the lower nominal salary less impactful on day-to-day living costs.
Job Market Context
3,510
Total Jobs
28.539
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Lower East Mississippi nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.43 for Business and Financial Operations Occupations in Lower East Mississippi indicates that this sector is less concentrated than the national average. This suggests that while there is a presence of these roles, the market is not saturated, and opportunities may be more specialized or tied to specific local industries. The lower concentration could imply less competition for experienced professionals but also potentially fewer available positions compared to more robust markets.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Business and Financial Operations Occupations Salary | $74,850↑ 7% | 43 mi |
Comparing salaries near Lower East Mississippi nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lower East Mississippi nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Lower East Mississippi nonmetropolitan area is $69,730. This typically ranges from $34,290 for entry-level positions to $108,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower East Mississippi nonmetropolitan area is 26.3% lower than the national median of $94,590.
Is Lower East Mississippi nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $69,730 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 Lower East Mississippi nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lower East Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower East Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($74,850) and others.
How does the Lower East Mississippi salary compare to national averages?
The average salary for Business and Financial Operations Occupations in Lower East Mississippi is $69,730, which is considerably lower than the national average of $94,590.
What is the Cost of Living in Lower East Mississippi?
The Cost of Living Index in the Lower East Mississippi nonmetropolitan area is 100, which is exactly the national average. This means the cost of goods and services is comparable to the national standard.
How concentrated are Business and Financial Operations jobs in this area?
The concentration of these jobs, measured by the Location Quotient, is 0.43, indicating that the sector is less prevalent in Lower East Mississippi compared to the national average.
What is the total workforce size for these roles locally?
There are 3,510 individuals employed in Business and Financial Operations Occupations within the Lower East Mississippi nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,510 employees in the Lower East Mississippi nonmetropolitan area area with a job density of 28.539 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 Lower East Mississippi nonmetropolitan area