In the Northeast Alabama nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $66,810. This figure stands notably below the national average of $94,590, reflecting regional economic factors and industry concentration. The specific pay scales in this area are often influenced by local market demands and the prevalence of specific industries within the nonmetropolitan landscape.
Executive Summary
- Average Salary: $66,810 per year.
- Growth Trend: Salaries have shifted 16.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,400.
- Outlook: With a local workforce of 4,240 individuals in Business and Financial Operations Occupations, the job market in Northeast Alabama nonmetropolitan area presents a moderate presence. The Location Quotient of 0.42 indicates that this sector is less concentrated here compared to the national average, suggesting a potentially less saturated but also less specialized market for these roles.
Salary Overview
The average Business and Financial Operations Occupations in Northeast Alabama nonmetropolitan area earns-29.4%below the national average.
$32.1
$1,285
$5,568
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this 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. This growth is typically driven by inflation, increasing demand for financial expertise, and evolving business needs across various sectors.
Business and Financial Operations Occupations Salary Distribution in Northeast Alabama nonmetropolitan area
Career progression within Business and Financial Operations Occupations typically involves a significant salary increase from entry-level to senior positions. While specific percentile data isn't available for this region, the widening salary gap between junior and experienced professionals is a universal indicator of career advancement and the accumulation of specialized skills and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,210 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,108 | $24.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,310 | $29 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,513 | $40.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $101,400 | $48.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$66,810
Gross Pay
Real Wage (Purchasing Power)
$66,810
Adjusted for COL (100)
The average annual salary of $66,810 in Northeast Alabama nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is comparable to the national standard, suggesting that the nominal salary offers a standard level of affordability.
Job Market Context
4,240
Total Jobs
28.01
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Northeast Alabama 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.
The Location Quotient of 0.42 for Business and Financial Operations Occupations in Northeast Alabama nonmetropolitan area signifies a lower concentration of these roles compared to the national average. This suggests that while opportunities exist, the market is not as saturated, potentially offering a unique competitive landscape for professionals seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↑ 16% | 44 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 23% | 50 mi |
| Tuscaloosa, AL Business and Financial Operations Occupations Salary | $78,230↑ 17% | 52 mi |
| Auburn-Opelika, AL Business and Financial Operations Occupations Salary | $72,450↑ 8% | 77 mi |
| Anniston-Oxford, AL Business and Financial Operations Occupations Salary | $73,170↑ 10% | 82 mi |
Comparing salaries near Northeast Alabama nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northeast Alabama nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northeast Alabama nonmetropolitan area is $66,810. This typically ranges from $37,210 for entry-level positions to $101,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Alabama nonmetropolitan area is 29.4% lower than the national median of $94,590.
Is Northeast Alabama nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered particularly lucrative compared to national averages.The average salary of $66,810 is significantly lower than the national average of $94,590. While the cost of living is at the national average, the lower nominal salary indicates less earning potential in this region.
Is Northeast Alabama nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($77,550) and Birmingham, AL.
How does the local workforce size impact job opportunities?
A local workforce of 4,240 suggests a stable, albeit not massive, pool of professionals. This size indicates consistent demand for these roles within the region's economy.
What does a Location Quotient of 0.42 mean for job seekers?
A Location Quotient below 1.0, like 0.42, means Business and Financial Operations Occupations are less common in Northeast Alabama nonmetropolitan area than the national average. This could mean fewer specialized roles but potentially less competition for generalist positions.
How does the cost of living affect the $66,810 salary?
With a Cost of Living Index of 100, the $66,810 salary has the same purchasing power as it would in a typical U.S. location. This means the salary's value is directly comparable to the national median.
Are there many Business and Financial Operations jobs per capita in this area?
With 28.01 jobs per 1,000 workers, the density of these roles is moderate. This suggests a steady presence of these occupations within the local employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,240 employees in the Northeast Alabama nonmetropolitan area area with a job density of 28.01 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 Northeast Alabama nonmetropolitan area