In the Lower West Mississippi nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,410. This figure is notably below the national average of $94,590, reflecting regional economic factors and a potentially lower demand for specialized financial roles compared to more urbanized centers.
Executive Summary
- Average Salary: $79,410 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,970.
- Outlook: The job market for Business and Financial Operations Occupations in the Lower West Mississippi nonmetropolitan area is characterized by a local workforce of 2,550 individuals. With a Location Quotient of 0.47, indicating a concentration less than half the national average, this sector is not a primary driver of the local economy, suggesting a more niche presence rather than a robust, high-demand sector.
Salary Overview
The average Business and Financial Operations Occupations in Lower West Mississippi nonmetropolitan area earns-16.0%below the national average.
$38.2
$1,527
$6,618
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 seen gradual growth over the past four years, mirroring national trends. However, the pace and magnitude of this growth are likely influenced by local economic conditions and the overall demand within this specific region.
Business and Financial Operations Occupations Salary Distribution in Lower West Mississippi nonmetropolitan area
Within the Business and Financial Operations Occupations field, salary progression is typically tied to experience and specialization. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significant increases. The percentile gaps between these levels signify clear career advancement opportunities and the increasing value placed on seasoned professionals in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,750 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,558 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,980 | $34.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,263 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,970 | $63 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,410
Gross Pay
Real Wage (Purchasing Power)
$79,410
Adjusted for COL (100)
The nominal average salary of $79,410 in the Lower West Mississippi nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national average, suggesting that the lower nominal wage is balanced by a comparable cost of living.
Job Market Context
2,550
Total Jobs
31.802
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Lower West 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 0.47 for Business and Financial Operations Occupations in the Lower West Mississippi nonmetropolitan area signifies that this sector is less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but also indicates that the availability of specialized roles might be more limited compared to national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Business and Financial Operations Occupations Salary | $74,850↓ 6% | 43 mi |
Comparing salaries near Lower West Mississippi nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Lower West Mississippi nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Lower West Mississippi nonmetropolitan area is $79,410. This typically ranges from $36,750 for entry-level positions to $130,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower West Mississippi nonmetropolitan area is 16.0% lower than the national median of $94,590.
Is Lower West Mississippi nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not particularly lucrative compared to national standards.The average salary of $79,410 is significantly lower than the national average, and the sector's concentration (LQ of 0.47) suggests it's not a dominant or high-demand field locally.
Is Lower West Mississippi nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Lower West Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower West Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($74,850) and others.
How does the Lower West Mississippi salary compare to the national average?
The average salary of $79,410 in Lower West Mississippi is approximately 16% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in Lower West Mississippi?
The Cost of Living Index in the Lower West Mississippi nonmetropolitan area is 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical US location.
How concentrated are Business and Financial Operations jobs in this area?
The concentration of these jobs, measured by the Location Quotient (LQ), is 0.47, indicating that the proportion of these jobs in the local workforce is less than half of the national proportion.
What does the total local workforce number mean for this sector?
With a total local workforce of 2,550 in this sector, it represents a relatively small segment of the overall regional employment landscape, suggesting specialized rather than widespread opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,550 employees in the Lower West Mississippi nonmetropolitan area area with a job density of 31.802 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 West Mississippi nonmetropolitan area