Average Business and Financial Operations Occupations Salary in Midland, MI
In Midland, MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,570. This figure is slightly below the national average of $94,590, suggesting a localized market dynamic that influences compensation. Factors such as the specific industry concentration and regional economic conditions in Midland likely contribute to this differential.
Executive Summary
- Average Salary: $87,570 per year.
- Growth Trend: Salaries have shifted 0.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,200.
- Outlook: The Business and Financial Operations sector in Midland, MI, demonstrates a healthy presence with a total local workforce of 2,610 individuals. The Location Quotient of 1.03 indicates a concentration of these roles that is slightly above the national average, suggesting a stable and potentially growing demand for these professionals within the region.
Salary Overview
The average Business and Financial Operations Occupations in Midland, MI earns-7.4%below the national average.
$42.1
$1,684
$7,298
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Midland, MI, have experienced growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles requiring specialized financial and operational expertise, especially in a market with a slightly above-average concentration of such positions.
Business and Financial Operations Occupations Salary Distribution in Midland, MI
Compensation within Business and Financial Operations Occupations in Midland, MI, naturally scales with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, characterized by extensive experience and leadership responsibilities, can significantly exceed the average. The percentile gaps between entry-level and senior roles signify clear career progression pathways 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) | $49,050 | $23.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,678 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,630 | $37.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,463 | $52.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,200 | $60.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,570
Gross Pay
Real Wage (Purchasing Power)
$87,570
Adjusted for COL (100)
The nominal average salary of $87,570 in Midland, MI, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the average salary in Midland is comparable to the national average, indicating that the slightly lower nominal salary is effectively balanced by the local cost of living, making it neither exceptionally advantageous nor disadvantageous for relocation from a cost perspective.
Job Market Context
2,610
Total Jobs
68.896
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Midland, MI has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.03, the job market for Business and Financial Operations Occupations in Midland, MI, is marginally more concentrated than the national average. This suggests a competitive yet stable environment where demand for these skills is slightly higher than the typical U.S. metropolitan area, offering professionals a good balance of opportunity and specialization.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Business and Financial Operations Occupations Salary | $72,280↓ 17% | 17 mi |
| Saginaw, MI Business and Financial Operations Occupations Salary | $75,640↓ 14% | 20 mi |
| Mid Michigan nonmetropolitan area Business and Financial Operations Occupations Salary | $72,010↓ 18% | 26 mi |
| Southern Michigan nonmetropolitan area Business and Financial Operations Occupations Salary | $75,340↓ 14% | 26 mi |
| Northern Michigan nonmetropolitan area Business and Financial Operations Occupations Salary | $71,330↓ 19% | 26 mi |
Comparing salaries near Midland, MI
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Midland, MI?
The median annual salary for a Business and Financial Operations Occupations in Midland, MI is $87,570. This typically ranges from $49,050 for entry-level positions to $126,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Midland, MI is 7.4% lower than the national median of $94,590.
Is Midland, MI a lucrative place for Business and Financial Operations Occupationss?
Yes, with a caveat.The average salary of $87,570 is competitive when considering the national average Cost of Living Index of 100. However, it is slightly below the national average salary for these roles.
Is Midland, MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Midland, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Midland, MI?
Some top paying nearby cities include Bay City, MI ($72,280) and Saginaw, MI.
How does the Midland, MI salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Midland, MI, is $87,570, which is approximately $7,020 less than the national average of $94,590.
What is the concentration of Business and Financial Operations roles in Midland, MI?
Midland, MI has a Location Quotient of 1.03 for Business and Financial Operations Occupations, indicating a slightly higher concentration of these jobs compared to the national average.
How many Business and Financial Operations workers are there in Midland, MI?
There are approximately 2,610 individuals employed in Business and Financial Operations Occupations in Midland, MI.
What does a Cost of Living Index of 100 mean for Midland, MI?
A Cost of Living Index of 100 signifies that the cost of living in Midland, MI, is exactly average when compared to the rest of the United States.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,610 employees in the Midland, MI area with a job density of 68.896 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 Midland, MI