Average Business and Financial Operations Occupations Salary in Midland, TX
In Midland, TX, professionals in Business and Financial Operations Occupations earn an average annual salary of $93,190. This figure is slightly below the national average of $94,590, indicating a localized market dynamic that influences compensation. Factors such as the specific industry concentration and regional economic drivers within Midland contribute to this pay scale.
Executive Summary
- Average Salary: $93,190 per year.
- Growth Trend: Salaries have shifted 3.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $153,050.
- Outlook: Midland, TX boasts a local workforce of 5,040 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.63, this sector is less concentrated than the national average, suggesting a moderate but potentially growing demand for these specialized roles. The presence of over 42 jobs per 1,000 workers indicates a steady employment landscape for finance and business professionals in the area.
Salary Overview
The average Business and Financial Operations Occupations in Midland, TX earns-1.5%below the national average.
$44.8
$1,792
$7,766
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, TX have experienced growth over the past four years, mirroring national trends. Economic shifts and evolving industry needs typically drive upward salary adjustments, reflecting increased demand and the value placed on these critical roles.
Business and Financial Operations Occupations Salary Distribution in Midland, TX
Career progression within Business and Financial Operations Occupations in Midland, TX, typically sees a significant salary increase from entry-level to senior positions. While specific percentile data isn't available, the typical salary range widens considerably with experience, with senior roles commanding substantially higher compensation than their junior counterparts. These percentile gaps are a strong indicator of the career advancement opportunities and earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,250 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,893 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,490 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,488 | $56 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $153,050 | $73.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$93,190
Gross Pay
Real Wage (Purchasing Power)
$93,190
Adjusted for COL (100)
The average annual salary of $93,190 in Midland, TX, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Business and Financial Operations professional's salary in Midland is equivalent to that of someone earning the national average in a typical U.S. city, offering a stable financial foundation for residents.
Job Market Context
5,040
Total Jobs
42.316
Per 1K Jobs
0.63
Location Quotient
Midland, TX has 0.63x 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 0.63 for Business and Financial Operations Occupations in Midland, TX, signifies that this sector is less prevalent locally compared to the national average. This suggests that while opportunities exist, the market may be less saturated, potentially leading to a competitive environment for employers seeking specialized talent and offering distinct career paths for professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Odessa, TX Business and Financial Operations Occupations Salary | $80,520↓ 14% | 17 mi |
Comparing salaries near Midland, TX
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Midland, TX?
The median annual salary for a Business and Financial Operations Occupations in Midland, TX is $93,190. This typically ranges from $47,250 for entry-level positions to $153,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Midland, TX is 1.5% lower than the national median of $94,590.
Is Midland, TX a lucrative place for Business and Financial Operations Occupationss?
Yes, with caveats.The average salary of $93,190 is competitive, especially when considering the national average cost of living. However, it is slightly below the national average salary for these roles.
Is Midland, TX a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Midland, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Midland, TX?
Some top paying nearby cities include Odessa, TX ($80,520) and others.
How does Midland's salary for Business and Financial Operations compare to the national average?
The average salary in Midland, TX for Business and Financial Operations Occupations is $93,190, which is slightly lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Midland, TX?
The concentration, measured by the Location Quotient, is 0.63, indicating that these occupations are less common in Midland compared to the national average.
How does the cost of living in Midland, TX affect the salary?
Midland, TX has a Cost of Living Index of 100, which is the national average. This means the $93,190 salary has the same purchasing power as the national average salary in a typical U.S. city.
What is the total workforce size for these roles in Midland, TX?
There are 5,040 individuals employed in Business and Financial Operations Occupations in Midland, TX, representing approximately 42.316 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 5,040 employees in the Midland, TX area with a job density of 42.316 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, TX