Average Business and Financial Operations Occupations Salary in Morgantown, WV
In Morgantown, WV, professionals in Business and Financial Operations Occupations earn an average annual salary of $72,240. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. While the cost of living in Morgantown aligns with the national average, the lower salary indicates a less competitive market compared to major metropolitan areas.
Executive Summary
- Average Salary: $72,240 per year.
- Growth Trend: Salaries have shifted 9.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,690.
- Outlook: The Business and Financial Operations sector in Morgantown comprises a local workforce of 3,450 individuals. With a Location Quotient of 0.77, the concentration of these roles is slightly below the national average, suggesting a moderate but not exceptionally high demand for these specialized skills within the region. The presence of over 51 jobs per 1,000 workers indicates a stable, albeit not rapidly expanding, job market for these professionals.
Salary Overview
The average Business and Financial Operations Occupations in Morgantown, WV earns-23.6%below the national average.
$34.7
$1,389
$6,020
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Morgantown's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts and inflation typically drive incremental increases in compensation across most industries. However, the pace of this growth in Morgantown may be influenced by local economic development and the specific needs of regional businesses.
Business and Financial Operations Occupations Salary Distribution in Morgantown, WV
Salary progression within Business and Financial Operations Occupations in Morgantown, as elsewhere, is typically tied to experience and specialization. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The percentile gaps between junior and senior roles highlight the substantial career growth opportunities and the increasing value placed on seasoned professionals within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,430 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,180 | $26 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,860 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,300 | $43.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,690 | $52.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,240
Gross Pay
Real Wage (Purchasing Power)
$72,240
Adjusted for COL (100)
Morgantown's Cost of Living Index stands at 100, precisely matching the national average. This means that the nominal average salary of $72,240 for Business and Financial Operations professionals offers purchasing power equivalent to the national average. While the salary is lower than the national average, the cost of living parity suggests that the take-home pay in Morgantown may still provide a comparable lifestyle to many other regions, especially when considering housing and everyday expenses.
Job Market Context
3,450
Total Jobs
51.474
Per 1K Jobs
0.77
Location Quotient
Morgantown, WV has 0.77x 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.
The Location Quotient of 0.77 for Business and Financial Operations Occupations in Morgantown indicates that these roles are slightly less concentrated than the national average. This suggests that while the profession is present and necessary, the market is not saturated. Professionals in this field may find a balance between job availability and competition, potentially offering a stable career path without the intense competition found in areas with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Wheeling, WV-OH Business and Financial Operations Occupations Salary | $73,490↑ 2% | 50 mi |
| Pittsburgh, PA Business and Financial Operations Occupations Salary | $83,840↑ 16% | 55 mi |
| Weirton-Steubenville, WV-OH Business and Financial Operations Occupations Salary | $69,490↓ 4% | 62 mi |
| Johnstown, PA Business and Financial Operations Occupations Salary | $70,750↓ 2% | 72 mi |
| Parkersburg-Vienna, WV Business and Financial Operations Occupations Salary | $84,640↑ 17% | 89 mi |
Comparing salaries near Morgantown, WV
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Morgantown, WV?
The median annual salary for a Business and Financial Operations Occupations in Morgantown, WV is $72,240. This typically ranges from $37,430 for entry-level positions to $109,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Morgantown, WV is 23.6% lower than the national median of $94,590.
Is Morgantown, WV a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $72,240 is significantly lower than the national average of $94,590. However, the cost of living being at the national average means the purchasing power is comparable, though overall earning potential is less.
Is Morgantown, WV a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Morgantown, WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Morgantown, WV?
Some top paying nearby cities include Wheeling, WV-OH ($73,490) and Pittsburgh, PA.
What is the average salary for Business and Financial Operations Occupations in Morgantown, WV?
The average annual salary for Business and Financial Operations Occupations in Morgantown, WV is $72,240.
How does Morgantown's cost of living compare to the national average?
Morgantown's cost of living index is 100, which is exactly the national average.
Is the concentration of Business and Financial Operations jobs high in Morgantown?
No, the concentration is slightly below the national average, with a Location Quotient of 0.77, indicating fewer jobs per capita than the national average.
What does a Location Quotient of 0.77 mean for job seekers?
A Location Quotient of 0.77 suggests that while these roles exist, the market is not as dense as the national average, implying moderate competition and availability for professionals in this field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,450 employees in the Morgantown, WV area with a job density of 51.474 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Morgantown, WV
- All Occupations Salary in Morgantown, WV
- Healthcare Practitioners and Technical Occupations Salary in Morgantown, WV
- Office and Administrative Support Occupations Salary in Morgantown, WV
- Food Preparation and Serving Related Occupations Salary in Morgantown, WV
- Educational Instruction and Library Occupations Salary in Morgantown, WV
- Sales and Related Occupations Salary in Morgantown, WV
- Management Occupations Salary in Morgantown, WV
- Registered Nurses Salary in Morgantown, WV
- Healthcare Support Occupations Salary in Morgantown, WV
- Transportation and Material Moving Occupations Salary in Morgantown, WV
- Browse All Jobs in Morgantown, WV →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Morgantown, WV