Average Business and Financial Operations Occupations Salary in Maine
In Maine, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,180. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand in Maine influence compensation levels. While the nominal salary may seem lower, understanding the local context is crucial for a complete financial picture.
Executive Summary
- Average Salary: $85,180 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,160.
- Outlook: Maine's Business and Financial Operations sector employs a substantial 33,880 individuals, indicating a significant presence within the state's economy. The Location Quotient of 0.79 suggests that this sector is slightly less concentrated in Maine compared to the national average, implying a moderate but stable demand for these roles. With 53.312 jobs per 1,000 workers, the market demonstrates consistent employment opportunities for skilled professionals.
Salary Overview
The average Business and Financial Operations Occupations in Maine earns-9.9%below the national average.
$41
$1,638
$7,098
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Maine have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving industry needs, and inflation typically drive upward adjustments in compensation, ensuring that professionals in this field can expect their earning potential to increase over time.
Business and Financial Operations Occupations Salary Distribution in Maine
Career progression within Business and Financial Operations Occupations in Maine typically correlates with increased earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries. The widening gap between entry-level and senior-level compensation reflects the value placed on expertise and leadership within the field, offering clear pathways for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,510 | $23.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,885 | $30.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,380 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,475 | $51.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,160 | $61.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,180
Gross Pay
Real Wage (Purchasing Power)
$76,395
Adjusted for COL (111.5)
While the average annual salary in Maine for Business and Financial Operations Occupations stands at $85,180, the state's Cost of Living Index is 111.5, which is 11.5% higher than the national average. This means that the purchasing power of the $85,180 salary is somewhat diminished when compared to areas with a lower cost of living. Prospective residents should carefully weigh this higher cost against the nominal salary to understand their true financial standing.
Job Market Context
33,880
Total Jobs
53.312
Per 1K Jobs
0.79
Location Quotient
Maine has 0.79x 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 0.79, the Business and Financial Operations sector in Maine is less concentrated than the national average. This suggests that while the field is present and employs a significant number of workers, it may not be as dominant or as saturated as in other regions. This could indicate a competitive market for highly specialized roles but potentially more opportunities for skilled individuals to establish themselves and grow.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Business and Financial Operations Occupations Salary | $77,010↓ 10% | 31 mi |
| Lewiston-Auburn, ME Business and Financial Operations Occupations Salary | $76,130↓ 11% | 57 mi |
| Portland-South Portland, ME Business and Financial Operations Occupations Salary | $89,230↑ 5% | 83 mi |
Comparing salaries near Maine
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Maine?
The median annual salary for a Business and Financial Operations Occupations in Maine is $85,180. This typically ranges from $48,510 for entry-level positions to $127,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maine is 9.9% lower than the national median of $94,590.
Is Maine a lucrative place for Business and Financial Operations Occupationss?
No, not comparatively.Maine's average salary of $85,180 for these roles is below the national average, and the higher cost of living further reduces the effective earning power.
Is Maine a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maine?
Some top paying nearby cities include Bangor, ME ($77,010) and Lewiston-Auburn, ME.
How does Maine's average salary compare to the national average for this field?
The average annual salary in Maine for Business and Financial Operations Occupations is $85,180, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Maine?
Maine has a Location Quotient of 0.79 for these occupations, indicating that the sector is slightly less concentrated in Maine compared to the national average.
How does the cost of living in Maine affect the salary?
Maine's Cost of Living Index is 111.5, meaning it is 11.5% more expensive than the national average. This higher cost of living reduces the purchasing power of the $85,180 average salary.
How many people work in Business and Financial Operations in Maine?
There are 33,880 individuals employed in Business and Financial Operations Occupations in Maine, representing 53.312 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 33,880 employees in the Maine area with a job density of 53.312 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 Maine
- All Occupations Salary in Maine
- Office and Administrative Support Occupations Salary in Maine
- Sales and Related Occupations Salary in Maine
- Food Preparation and Serving Related Occupations Salary in Maine
- Transportation and Material Moving Occupations Salary in Maine
- Management Occupations Salary in Maine
- Healthcare Practitioners and Technical Occupations Salary in Maine
- Educational Instruction and Library Occupations Salary in Maine
- Healthcare Support Occupations Salary in Maine
- Production Occupations Salary in Maine
- Browse All Jobs in Maine →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Maine