In the North Arkansas nonmetropolitan area, professionals in Business and Financial Operations Occupations can expect an average annual salary of $63,400. This figure is notably lower than the national average of $94,590, reflecting the economic dynamics and potentially lower demand for these specialized roles in a nonmetropolitan setting. Factors such as industry concentration and the overall economic landscape of the region significantly influence compensation levels.
Executive Summary
- Average Salary: $63,400 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,930.
- Outlook: The job market for Business and Financial Operations Occupations in the North Arkansas nonmetropolitan area is characterized by a workforce of 3,760 individuals. With a Location Quotient of 0.47, these roles are less concentrated than the national average, suggesting a more specialized or less prevalent demand within the local economy. The presence of 31.56 jobs per 1,000 workers indicates a moderate but not dominant presence of these occupations.
Salary Overview
The average Business and Financial Operations Occupations in North Arkansas nonmetropolitan area earns-33.0%below the national average.
$30.5
$1,219
$5,283
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations have experienced gradual growth over the past four years, mirroring national trends. Economic development and increasing business needs in the region likely contribute to modest salary increases, though the pace may differ from more urbanized areas.
Business and Financial Operations Occupations Salary Distribution in North Arkansas nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in earnings highlight clear career progression pathways, rewarding increased expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $32,370 | $15.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,550 | $22.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,610 | $26.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $79,250 | $38.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,930 | $48 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$63,400
Gross Pay
Real Wage (Purchasing Power)
$63,400
Adjusted for COL (100)
The average annual salary of $63,400 in the North Arkansas nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary within the region is comparable to the national standard, offering a balanced financial outlook for residents.
Job Market Context
3,760
Total Jobs
31.56
Per 1K Jobs
0.47
Location Quotient
At 0.47x, North Arkansas nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.47 for Business and Financial Operations Occupations in the North Arkansas nonmetropolitan area indicates that these roles are less concentrated locally compared to the national average. This suggests that the job market may be less saturated, potentially offering unique opportunities for skilled professionals, but also implying that the overall demand might be lower than in more industrially diverse or metropolitan regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Business and Financial Operations Occupations Salary | $72,730↑ 15% | 17 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↑ 5% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in North Arkansas nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in North Arkansas nonmetropolitan area is $63,400. This typically ranges from $32,370 for entry-level positions to $99,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 33.0% lower than the national median of $94,590.
Is North Arkansas nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national averages.The average salary of $63,400 is significantly below the national average of $94,590, despite a cost of living that matches the national average.
Is North Arkansas nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($72,730) and Hot Springs, AR.
How does the local workforce size impact job opportunities?
A local workforce of 3,760 for these occupations suggests a moderate-sized pool of professionals, which can influence competition and the availability of specialized roles within the North Arkansas nonmetropolitan area.
What does a Location Quotient of 0.47 signify?
A Location Quotient of 0.47 means that Business and Financial Operations Occupations are less concentrated in the North Arkansas nonmetropolitan area than they are nationally, indicating a potentially less competitive but also less robust job market for these roles.
How does the cost of living affect the $63,400 salary?
With a Cost of Living Index of 100, the $63,400 salary in North Arkansas has the same purchasing power as the national average, meaning that while the nominal pay is lower, the local expenses are also on par with the national average.
What is the job density for these roles in North Arkansas?
There are 31.56 jobs per 1,000 workers in Business and Financial Operations Occupations in the North Arkansas nonmetropolitan area, providing a measure of how prevalent these jobs are relative to the total workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,760 employees in the North Arkansas nonmetropolitan area area with a job density of 31.56 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 North Arkansas nonmetropolitan area