Average Business and Financial Operations Occupations Salary in Monroe, LA
In Monroe, LA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $68,520. This figure is notably below the national average of $94,590, reflecting regional economic factors and a different market dynamic. The local pay scale is influenced by the specific industry demands and the overall economic landscape of the region.
Executive Summary
- Average Salary: $68,520 per year.
- Growth Trend: Salaries have shifted 8.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $103,890.
- Outlook: With a local workforce of 2,910 individuals in Business and Financial Operations, and a Location Quotient of 0.5, the job market in Monroe, LA, indicates a moderate concentration of these roles compared to national benchmarks. While not as densely populated with these professionals as the national average, the presence of over 33 jobs per 1,000 workers suggests a consistent, albeit not booming, demand for these skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Monroe, LA earns-27.6%below the national average.
$32.9
$1,318
$5,710
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Monroe, LA is not provided, it is generally assumed that salaries for Business and Financial Operations roles have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive upward salary adjustments, even in localized markets, as companies compete for skilled talent.
Business and Financial Operations Occupations Salary Distribution in Monroe, LA
Salary progression within Business and Financial Operations Occupations in Monroe, LA, is significantly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership can earn considerably more. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, signifies clear career advancement opportunities and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,100 | $16.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,390 | $24.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,780 | $28.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $85,650 | $41.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $103,890 | $49.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$68,520
Gross Pay
Real Wage (Purchasing Power)
$68,520
Adjusted for COL (100)
The nominal average salary of $68,520 in Monroe, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard, making the effective financial standing comparable to the rest of the country.
Job Market Context
2,910
Total Jobs
33.342
Per 1K Jobs
0.5
Location Quotient
Monroe, LA 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 Monroe, LA, signifies that these roles are less concentrated locally than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, potentially offering more opportunities for skilled individuals to find employment, though the overall volume of jobs might be lower.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Monroe, LA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Monroe, LA?
The median annual salary for a Business and Financial Operations Occupations in Monroe, LA is $68,520. This typically ranges from $35,100 for entry-level positions to $103,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 27.6% lower than the national median of $94,590.
Is Monroe, LA a lucrative place for Business and Financial Operations Occupations?
No, not compared to the national average.The average salary of $68,520 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Monroe, LA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($70,580) and Southwest Louisiana nonmetropolitan area.
How does Monroe, LA's salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Monroe, LA is $68,520, which is substantially lower than the national average of $94,590.
What is the Cost of Living in Monroe, LA?
Monroe, LA has a Cost of Living Index of 100, which is exactly the national average, indicating that everyday expenses are comparable to the rest of the United States.
How concentrated are Business and Financial Operations roles in Monroe, LA?
The Location Quotient of 0.5 indicates that these roles are half as concentrated in Monroe, LA, compared to the national average, suggesting a smaller but present market for these professionals.
What is the total workforce size for these roles in Monroe, LA?
There are approximately 2,910 individuals employed in Business and Financial Operations Occupations within Monroe, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,910 employees in the Monroe, LA area with a job density of 33.342 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 Monroe, LA