Average Business and Financial Operations Occupations Salary in Minot, ND
In Minot, North Dakota, professionals in Business and Financial Operations Occupations can expect an average annual salary of $80,610. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within the Minot area. While the nominal salary is lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $80,610 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,900.
- Outlook: With a local workforce of 1,390 individuals in Business and Financial Operations Occupations, Minot presents a modest but stable employment base. The location quotient of 0.62 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not oversaturated. The presence of over 41 jobs per 1,000 workers signifies a consistent, albeit not booming, demand for these essential financial and operational skills within the region.
Salary Overview
The average Business and Financial Operations Occupations in Minot, ND earns-14.8%below the national average.
$38.8
$1,550
$6,718
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Minot's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and increasing demand for specialized financial expertise typically drive upward adjustments in compensation, even in smaller markets. Therefore, professionals in this field in Minot likely have seen their earning potential gradually increase.
Business and Financial Operations Occupations Salary Distribution in Minot, ND
Salary progression within Business and Financial Operations Occupations in Minot, as elsewhere, is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with proven track records and advanced skills can secure significantly higher compensation. The widening gap between entry-level and senior-level salaries, often seen in percentile distributions, clearly signifies the career advancement and increased earning potential available through dedicated development and experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,650 | $22.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,458 | $29.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,340 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,763 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,900 | $58.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$80,610
Gross Pay
Real Wage (Purchasing Power)
$80,610
Adjusted for COL (100)
The average annual salary of $80,610 in Minot, ND, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the salary earned in Minot is equivalent to that of the national average. While the nominal income is lower than the national average, the stable cost of living suggests that the take-home pay offers a comparable standard of living to many other areas across the United States.
Job Market Context
1,390
Total Jobs
41.445
Per 1K Jobs
0.62
Location Quotient
Minot, ND has 0.62x 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 0.62 for Business and Financial Operations Occupations in Minot indicates that these roles are less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals vying for positions. While this could imply fewer opportunities overall compared to larger metropolitan areas, it might also mean that skilled individuals could find a more accessible entry point or a less saturated environment for career advancement.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| West North Dakota nonmetropolitan area Business and Financial Operations Occupations Salary | $86,670↑ 8% | 85 mi |
| East North Dakota nonmetropolitan area Business and Financial Operations Occupations Salary | $77,790↓ 3% | 85 mi |
Comparing salaries near Minot, ND
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Minot, ND?
The median annual salary for a Business and Financial Operations Occupations in Minot, ND is $80,610. This typically ranges from $47,650 for entry-level positions to $121,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minot, ND is 14.8% lower than the national median of $94,590.
Is Minot, ND a lucrative place for Business and Financial Operations Occupationss?
No, not more lucrative than the national average.The average salary of $80,610 is below the national average of $94,590, though the cost of living is on par with the national average.
Is Minot, ND a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Minot, ND is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minot, ND?
Some top paying nearby cities include West North Dakota nonmetropolitan area ($86,670) and East North Dakota nonmetropolitan area.
How does Minot's salary compare to the national average for this field?
The average salary in Minot, ND, for Business and Financial Operations Occupations is $80,610, which is lower than the national average of $94,590.
What is the cost of living in Minot, ND?
Minot, ND, has a cost of living index of 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there than the typical U.S. location.
How concentrated are Business and Financial Operations jobs in Minot?
The concentration of these jobs in Minot, indicated by a location quotient of 0.62, is below the national average, suggesting a less dense presence of these roles compared to the rest of the country.
What is the total workforce size for these occupations in Minot?
There are approximately 1,390 individuals employed in Business and Financial Operations Occupations in Minot, ND.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,390 employees in the Minot, ND area with a job density of 41.445 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 Minot, ND