Average Business and Financial Operations Occupations Salary in Merced, CA
In Merced, CA, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,880. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand in Merced play a significant role in compensation levels. Understanding these localized pay scales is crucial for career planning and financial management within the region.
Executive Summary
- Average Salary: $83,880 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,960.
- Outlook: With a total local workforce of 2,650 individuals in Business and Financial Operations Occupations, Merced presents a moderate-sized employment base. The Location Quotient of 0.5 indicates that these roles are less concentrated in Merced compared to the national average, suggesting a potentially less saturated but also potentially less robust job market for these specialized positions.
Salary Overview
The average Business and Financial Operations Occupations in Merced, CA earns-11.3%below the national average.
$40.3
$1,613
$6,990
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Merced is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Merced, CA
Salary progression within Business and Financial Operations Occupations in Merced, CA, is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect to earn considerably more. The widening gap between entry-level and senior-level salaries reflects the value placed on expertise and leadership in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,630 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,910 | $30.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,360 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,850 | $50.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,960 | $62 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,880
Gross Pay
Real Wage (Purchasing Power)
$83,880
Adjusted for COL (100)
The average annual salary of $83,880 in Merced, CA, 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 that salary in Merced is equivalent to the national average, offering a balanced financial landscape for residents.
Job Market Context
2,650
Total Jobs
33.594
Per 1K Jobs
0.5
Location Quotient
Merced, CA has 0.50x 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 0.5 for Business and Financial Operations Occupations in Merced signifies that this sector is less prevalent locally than it is nationally. This suggests that while opportunities may exist, the market is not as densely populated with these roles, potentially indicating a more competitive environment for job seekers or a niche market for employers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Modesto, CA Business and Financial Operations Occupations Salary | $89,030↑ 6% | 37 mi |
| Fresno, CA Business and Financial Operations Occupations Salary | $83,120↓ 1% | 52 mi |
| Stockton-Lodi, CA Business and Financial Operations Occupations Salary | $88,190↑ 5% | 65 mi |
| Salinas, CA Business and Financial Operations Occupations Salary | $93,610↑ 12% | 77 mi |
| San Jose-Sunnyvale-Santa Clara, CA Business and Financial Operations Occupations Salary | $135,730↑ 62% | 77 mi |
Comparing salaries near Merced, CA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Merced, CA?
The median annual salary for a Business and Financial Operations Occupations in Merced, CA is $83,880. This typically ranges from $44,630 for entry-level positions to $128,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Merced, CA is 11.3% lower than the national median of $94,590.
Is Merced, CA a lucrative place for Business and Financial Operations Occupations?
No, not particularly lucrative compared to national averages.The average salary of $83,880 is below the national average, and the lower concentration of these jobs suggests a less robust market.
Is Merced, CA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Merced, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Merced, CA?
Some top paying nearby cities include Modesto, CA ($89,030) and Fresno, CA.
How does Merced's salary compare to the national average for this field?
The average annual salary in Merced, CA, is $83,880, which is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Merced?
Merced has a Location Quotient of 0.5 for these occupations, indicating that the jobs are less concentrated locally compared to the national average.
How does the Cost of Living in Merced affect the salary?
Merced's Cost of Living Index is 100, which is the national average. This means the $83,880 salary has the same purchasing power in Merced as the national average salary does nationally.
What does the number of jobs per 1,000 workers indicate?
With 33.594 jobs per 1,000 workers, this metric shows the relative prevalence of Business and Financial Operations Occupations within Merced's overall workforce compared to national benchmarks.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,650 employees in the Merced, CA area with a job density of 33.594 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 Merced, CA
- All Occupations Salary in Merced, CA
- Transportation and Material Moving Occupations Salary in Merced, CA
- Educational Instruction and Library Occupations Salary in Merced, CA
- Office and Administrative Support Occupations Salary in Merced, CA
- Food Preparation and Serving Related Occupations Salary in Merced, CA
- Healthcare Support Occupations Salary in Merced, CA
- Sales and Related Occupations Salary in Merced, CA
- Production Occupations Salary in Merced, CA
- Farming, Fishing, and Forestry Occupations Salary in Merced, CA
- Home Health and Personal Care Aides Salary in Merced, CA
- Browse All Jobs in Merced, CA →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Merced, CA