Average Business and Financial Operations Occupations Salary in Mayaguez, PR
In Mayaguez, PR, professionals in Business and Financial Operations Occupations earn an average annual salary of $43,570. This figure stands significantly below the national average of $94,590, reflecting localized economic conditions and industry demand specific to the Puerto Rican market. Factors such as regional economic drivers and the cost of doing business in Mayaguez contribute to this salary differential.
Executive Summary
- Average Salary: $43,570 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,500.
- Outlook: With a local workforce of 1,870 individuals in Business and Financial Operations Occupations, Mayaguez presents a moderate employment landscape. The location quotient of 0.53 indicates that this sector is less concentrated in Mayaguez compared to the national average, suggesting a potentially less saturated but also less robust job market for these roles.
Salary Overview
The average Business and Financial Operations Occupations in Mayaguez, PR earns-53.9%below the national average.
$21
$838
$3,631
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Mayaguez is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen incremental growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increased demand for financial expertise, and evolving business needs, though regional economic performance can influence the pace of salary increases.
Business and Financial Operations Occupations Salary Distribution in Mayaguez, PR
Career progression within Business and Financial Operations Occupations in Mayaguez, as elsewhere, typically involves a salary increase with experience. Entry-level positions may start at a lower percentile, while senior roles command higher salaries, reflecting accumulated expertise and responsibility. The salary distribution, though not detailed here, would show a widening gap between the lowest and highest earners, signifying clear pathways for career advancement and compensation growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $22,120 | $10.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $32,678 | $15.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $35,370 | $17 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $54,463 | $26.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $78,500 | $37.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$43,570
Gross Pay
Real Wage (Purchasing Power)
$43,570
Adjusted for COL (100)
The average annual salary of $43,570 in Mayaguez aligns perfectly with the national 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 within Mayaguez is equivalent to the national average, suggesting that the cost of essential goods and services is comparable.
Job Market Context
1,870
Total Jobs
35.742
Per 1K Jobs
0.53
Location Quotient
Mayaguez, PR has 0.53x 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.
A location quotient of 0.53 for Business and Financial Operations Occupations in Mayaguez indicates that this sector is underrepresented relative to its national prevalence. This suggests that while there are opportunities, the market is not as deeply entrenched or competitive as in other regions, potentially offering a unique environment for professionals seeking specialized roles or aiming to establish a presence.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Aguadilla, PR Business and Financial Operations Occupations Salary | $43,370↓ 0% | 16 mi |
| Arecibo, PR Business and Financial Operations Occupations Salary | $40,910↓ 6% | 29 mi |
| Puerto Rico nonmetropolitan area Business and Financial Operations Occupations Salary | $42,740↓ 2% | 33 mi |
| Ponce, PR Business and Financial Operations Occupations Salary | $45,200↑ 4% | 34 mi |
| Guayama, PR Business and Financial Operations Occupations Salary | $46,870↑ 8% | 67 mi |
Comparing salaries near Mayaguez, PR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Mayaguez, PR?
The median annual salary for a Business and Financial Operations Occupations in Mayaguez, PR is $43,570. This typically ranges from $22,120 for entry-level positions to $78,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Mayaguez, PR is 53.9% lower than the national median of $94,590.
Is Mayaguez, PR a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $43,570 is significantly lower than the national average of $94,590. However, the cost of living is on par with the national average, meaning the purchasing power is relatively stable locally.
Is Mayaguez, PR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Mayaguez, PR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Mayaguez, PR?
Some top paying nearby cities include Aguadilla, PR ($43,370) and Arecibo, PR.
How does the Mayaguez job market compare to the national market for these roles?
The job market in Mayaguez for Business and Financial Operations Occupations is less concentrated than the national average, with a location quotient of 0.53, indicating fewer jobs per capita relative to the rest of the country.
What is the total number of Business and Financial Operations professionals in Mayaguez?
There are approximately 1,870 individuals employed in Business and Financial Operations Occupations within the Mayaguez area.
Does the cost of living in Mayaguez affect the salary?
Yes, the cost of living in Mayaguez is indexed at 100, which is the national average. This means the lower nominal salary of $43,570 has a purchasing power equivalent to the national average, despite being substantially lower.
Are there many job opportunities for Business and Financial Operations roles in Mayaguez?
With 35.742 jobs per 1,000 workers, the availability of these roles is moderate, but the lower location quotient suggests less overall market saturation compared to national trends.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,870 employees in the Mayaguez, PR area with a job density of 35.742 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 Mayaguez, PR
- All Occupations Salary in Mayaguez, PR
- Office and Administrative Support Occupations Salary in Mayaguez, PR
- Sales and Related Occupations Salary in Mayaguez, PR
- Food Preparation and Serving Related Occupations Salary in Mayaguez, PR
- Healthcare Practitioners and Technical Occupations Salary in Mayaguez, PR
- Production Occupations Salary in Mayaguez, PR
- Educational Instruction and Library Occupations Salary in Mayaguez, PR
- Transportation and Material Moving Occupations Salary in Mayaguez, PR
- Retail Salespersons Salary in Mayaguez, PR
- Building and Grounds Cleaning and Maintenance Occupations Salary in Mayaguez, PR
- Browse All Jobs in Mayaguez, PR →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Mayaguez, PR