Average Business and Financial Operations Occupations Salary in Montgomery, AL
In Montgomery, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $77,550. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The compensation landscape in Montgomery is shaped by a unique interplay of industry presence and the overall economic vitality of the state capital.
Executive Summary
- Average Salary: $77,550 per year.
- Growth Trend: Salaries have shifted 10.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,990.
- Outlook: The Business and Financial Operations sector in Montgomery, AL, supports a local workforce of 9,370 individuals. With a Location Quotient of 0.86, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally dense job market. The presence of 57.425 jobs per 1,000 workers indicates a consistent demand for these essential functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Montgomery, AL earns-18.0%below the national average.
$37.3
$1,491
$6,463
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations roles across the nation, including Montgomery, have experienced steady growth over the past four years. This trend is typically driven by inflation, increased demand for financial expertise, and evolving business needs, leading to incremental salary increases for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in Montgomery, AL
Career progression within Business and Financial Operations roles in Montgomery, AL, significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command substantially higher salaries. The percentile gaps in earnings clearly signify the opportunities for career advancement and increased compensation as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,940 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,163 | $28 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,950 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,938 | $46.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,990 | $56.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$77,550
Gross Pay
Real Wage (Purchasing Power)
$77,550
Adjusted for COL (100)
The average annual salary of $77,550 in Montgomery, AL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making it a neutral factor for relocation considerations from a cost-of-living perspective.
Job Market Context
9,370
Total Jobs
57.425
Per 1K Jobs
0.86
Location Quotient
Montgomery, AL has 0.86x 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.
With a Location Quotient of 0.86, the market for Business and Financial Operations Occupations in Montgomery, AL, is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the job market may not be saturated, potentially offering a balanced environment for job seekers and employers alike. It indicates a steady demand without an overabundance of specialized talent.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Montgomery, AL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Montgomery, AL?
The median annual salary for a Business and Financial Operations Occupations in Montgomery, AL is $77,550. This typically ranges from $42,940 for entry-level positions to $116,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 18.0% lower than the national median of $94,590.
Is Montgomery, AL a lucrative place for Business and Financial Operations Occupationss?
No, it is not currently as lucrative as the national average.The average salary of $77,550 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Montgomery, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($66,810) and Southeast Alabama nonmetropolitan area.
How does Montgomery's job market compare to the national average for these roles?
Montgomery's job market for Business and Financial Operations Occupations is slightly less concentrated than the national average, with a Location Quotient of 0.86, indicating a stable but not overly competitive environment.
What is the average salary for Business and Financial Operations roles in Montgomery, AL?
The average annual salary for Business and Financial Operations Occupations in Montgomery, AL, is $77,550.
How does the cost of living in Montgomery affect the salary?
Montgomery's cost of living is exactly at the national average (100), meaning the $77,550 salary provides purchasing power equivalent to the national average.
What does the Location Quotient of 0.86 signify?
A Location Quotient of 0.86 indicates that Business and Financial Operations Occupations are present in Montgomery, AL, at a rate slightly lower than the national average concentration, suggesting a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,370 employees in the Montgomery, AL area with a job density of 57.425 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 Montgomery, AL