In the North Northeastern Ohio nonmetropolitan area (noncontiguous), professionals in Business and Financial Operations Occupations earn an average annual salary of $74,000. This figure is notably below the national average of $94,590, reflecting the economic dynamics and potentially lower demand for specialized financial roles in more rural, non-urbanized regions.
Executive Summary
- Average Salary: $74,000 per year.
- Growth Trend: Salaries have shifted 12.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,730.
- Outlook: With a local workforce of 9,320 individuals in this sector, and a Location Quotient of 0.56, the job market for Business and Financial Operations Occupations in this nonmetropolitan Ohio region indicates a lower concentration compared to the national average. This suggests a less robust demand and potentially fewer opportunities relative to the size of the national job market.
Salary Overview
The average Business and Financial Operations Occupations in North Northeastern Ohio nonmetropolitan area (noncontiguous) earns-21.8%below the national average.
$35.6
$1,423
$6,167
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen incremental growth over the past four years, mirroring broader economic trends. However, the rate of this growth may be tempered by the unique economic conditions of a non-urbanized setting.
Business and Financial Operations Occupations Salary Distribution in North Northeastern Ohio nonmetropolitan area (noncontiguous)
Career progression within Business and Financial Operations Occupations typically leads to significant salary increases. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in salary distribution highlight the substantial earning potential as one advances through junior, mid-level, and senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,060 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,500 | $26.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,830 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,500 | $44.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,730 | $56.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,000
Gross Pay
Real Wage (Purchasing Power)
$74,000
Adjusted for COL (100)
The average annual salary of $74,000 in the North Northeastern Ohio nonmetropolitan area aligns perfectly 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 $74,000 is equivalent to the national average, suggesting that the lower salary is offset by a comparable cost of living.
Job Market Context
9,320
Total Jobs
37.495
Per 1K Jobs
0.56
Location Quotient
North Northeastern Ohio nonmetropolitan area (noncontiguous) has 0.56x 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 0.56 signifies that Business and Financial Operations Occupations are less concentrated in the North Northeastern Ohio nonmetropolitan area than the national average. This indicates a less competitive market with fewer professionals in this field relative to other industries, potentially offering a unique niche for those seeking employment in the region.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Business and Financial Operations Occupations Salary | $72,960↓ 1% | 29 mi |
| Columbus, OH Business and Financial Operations Occupations Salary | $86,290↑ 17% | 32 mi |
| Springfield, OH Business and Financial Operations Occupations Salary | $70,130↓ 5% | 63 mi |
| Sandusky, OH Business and Financial Operations Occupations Salary | $77,990↑ 5% | 73 mi |
| Lima, OH Business and Financial Operations Occupations Salary | $76,460↑ 3% | 75 mi |
Comparing salaries near North Northeastern Ohio nonmetropolitan area (noncontiguous)
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in North Northeastern Ohio nonmetropolitan area (noncontiguous)?
The median annual salary for a Business and Financial Operations Occupations in North Northeastern Ohio nonmetropolitan area (noncontiguous) is $74,000. This typically ranges from $40,060 for entry-level positions to $116,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Northeastern Ohio nonmetropolitan area (noncontiguous) is 21.8% lower than the national median of $94,590.
Is North Northeastern Ohio nonmetropolitan area (noncontiguous) a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $74,000 is significantly lower than the national average of $94,590, despite a comparable cost of living. The lower Location Quotient also suggests less market demand.
Is North Northeastern Ohio nonmetropolitan area (noncontiguous) a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in North Northeastern Ohio nonmetropolitan area (noncontiguous) is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Northeastern Ohio nonmetropolitan area (noncontiguous)?
Some top paying nearby cities include Mansfield, OH ($72,960) and Columbus, OH.
How does the local salary compare to the national average?
The average salary of $74,000 in this Ohio nonmetropolitan area is considerably lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in this region?
The Cost of Living Index for the North Northeastern Ohio nonmetropolitan area (noncontiguous) is 100, which is exactly the national average.
How concentrated are these jobs in the local area?
The Location Quotient of 0.56 indicates that Business and Financial Operations Occupations are less concentrated in this region compared to the national average.
What does the total workforce size suggest about job availability?
With 9,320 workers in this sector, the total workforce size provides a baseline, but the low Location Quotient suggests that job opportunities might be less abundant relative to national levels.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,320 employees in the North Northeastern Ohio nonmetropolitan area (noncontiguous) area with a job density of 37.495 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 Northeastern Ohio nonmetropolitan area (noncontiguous)