Average Business and Financial Operations Occupations Salary in Mansfield, OH
In Mansfield, OH, professionals in Business and Financial Operations Occupations earn an average annual salary of $72,960. This figure is notably below the national average of $94,590, reflecting localized economic factors and demand within the region. The specific economic landscape and industry concentration in Mansfield directly influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $72,960 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,610.
- Outlook: The local workforce for Business and Financial Operations Occupations in Mansfield comprises 1,620 individuals, representing 32.963 jobs per 1,000 workers. While the total workforce size indicates a presence, the Location Quotient of 0.49 suggests that this sector is less concentrated in Mansfield compared to the national average. This implies a moderate but not dominant presence of these roles within the local job market.
Salary Overview
The average Business and Financial Operations Occupations in Mansfield, OH earns-22.9%below the national average.
$35.1
$1,403
$6,080
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Mansfield's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries within this sector have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial expertise, and evolving business needs typically drive incremental salary increases across most professional fields.
Business and Financial Operations Occupations Salary Distribution in Mansfield, OH
Salary progression for Business and Financial Operations Occupations typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring specialized skills and extensive experience, command higher compensation. The percentile gaps in salary distribution highlight clear career progression pathways, rewarding accumulated expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,150 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,720 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,630 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,200 | $43.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,610 | $55.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,960
Gross Pay
Real Wage (Purchasing Power)
$72,960
Adjusted for COL (100)
The average annual salary of $72,960 in Mansfield, OH, aligns precisely 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 in Mansfield is equivalent to the national average. Therefore, the lower salary is offset by the stable cost of living, making it a financially neutral relocation from a national perspective.
Job Market Context
1,620
Total Jobs
32.963
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Mansfield, OH 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.
With a Location Quotient of 0.49, the market for Business and Financial Operations Occupations in Mansfield is less concentrated than the national average. This suggests that while opportunities exist, the field is not a dominant industry within the local economy. Professionals may find fewer specialized roles compared to larger metropolitan areas, indicating a potentially less competitive but also less abundant job market.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Mansfield, OH
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Mansfield, OH?
The median annual salary for a Business and Financial Operations Occupations in Mansfield, OH is $72,960. This typically ranges from $38,150 for entry-level positions to $114,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mansfield, OH is 22.9% lower than the national median of $94,590.
Is Mansfield, OH a lucrative place for Business and Financial Operations Occupationss?
No, not particularly lucrative compared to the national average.The average salary of $72,960 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 Mansfield, OH a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Mansfield, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mansfield, OH?
Some top paying nearby cities include North Northeastern Ohio nonmetropolitan area (noncontiguous) ($74,000) and West Northwestern Ohio nonmetropolitan area.
How does Mansfield's job market compare to national averages for this sector?
Mansfield's job market for Business and Financial Operations Occupations is less concentrated than the national average, as indicated by a Location Quotient of 0.49. This suggests fewer specialized roles and potentially less demand relative to other regions.
What is the average salary for Business and Financial Operations in Mansfield, OH?
The average annual salary for Business and Financial Operations Occupations in Mansfield, OH, is $72,960.
How does the cost of living in Mansfield affect the salary?
The cost of living in Mansfield is exactly at the national average (100). This means that despite the lower average salary compared to the national figure, the purchasing power of the $72,960 earned in Mansfield is equivalent to the national average.
What does a Location Quotient of 0.49 mean for job seekers?
A Location Quotient of 0.49 indicates that Business and Financial Operations Occupations are less prevalent in Mansfield compared to the national average. This might mean fewer job openings or less specialization within the field locally.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,620 employees in the Mansfield, OH area with a job density of 32.963 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 Mansfield, OH