In the Northeast Louisiana nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,080. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and a potentially different demand structure for these specialized roles. The specific economic landscape and industry concentration within this nonmetropolitan region significantly influence compensation levels.
Executive Summary
- Average Salary: $69,080 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,710.
- Outlook: The job market for Business and Financial Operations Occupations in Northeast Louisiana is characterized by a local workforce of 1,990 individuals. With a Location Quotient of 0.48, the concentration of these roles is less than half the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The presence of 32.074 jobs per 1,000 workers indicates a moderate level of employment in this sector within the region.
Salary Overview
The average Business and Financial Operations Occupations in Northeast Louisiana nonmetropolitan area earns-27.0%below the national average.
$33.2
$1,328
$5,757
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 experienced modest growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increased demand for financial expertise, and evolving business needs, though regional variations can significantly impact the pace and magnitude of these increases.
Business and Financial Operations Occupations Salary Distribution in Northeast Louisiana nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and specialized skills can see significantly higher compensation. The percentile gaps between different experience levels highlight the substantial career growth potential and the increasing value placed on seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,490 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,810 | $24.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,410 | $28.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,350 | $41.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,710 | $50.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,080
Gross Pay
Real Wage (Purchasing Power)
$69,080
Adjusted for COL (100)
The nominal average annual salary of $69,080 in Northeast Louisiana nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average. While the salary is lower than the national average, the cost of living being at par suggests that the real value of the income may be closer to parity than the nominal figures initially indicate.
Job Market Context
1,990
Total Jobs
32.074
Per 1K Jobs
0.48
Location Quotient
At 0.48x, Northeast Louisiana 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 0.48 for Business and Financial Operations Occupations in Northeast Louisiana nonmetropolitan area indicates that these roles are less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but it also implies a potentially lower overall demand or fewer specialized opportunities compared to more densely populated or industrially diverse regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Business and Financial Operations Occupations Salary | $70,580↑ 2% | 37 mi |
| Baton Rouge, LA Business and Financial Operations Occupations Salary | $76,080↑ 10% | 67 mi |
| Lafayette, LA Business and Financial Operations Occupations Salary | $71,740↑ 4% | 67 mi |
| Monroe, LA Business and Financial Operations Occupations Salary | $68,520↓ 1% | 94 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↓ 1% | 95 mi |
Comparing salaries near Northeast Louisiana nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northeast Louisiana nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northeast Louisiana nonmetropolitan area is $69,080. This typically ranges from $34,490 for entry-level positions to $104,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Louisiana nonmetropolitan area is 27.0% lower than the national median of $94,590.
Is Northeast Louisiana nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to the national average.The average salary of $69,080 is significantly below the national average of $94,590, despite a cost of living that matches the national average.
Is Northeast Louisiana nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northeast Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($70,580) and Baton Rouge, LA.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Northeast Louisiana nonmetropolitan area is $69,080, which is substantially lower than the national average of $94,590.
What is the Cost of Living in Northeast Louisiana nonmetropolitan area?
The Cost of Living Index for Northeast Louisiana nonmetropolitan area is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in this region?
The concentration of these jobs, indicated by a Location Quotient of 0.48, is less than half the national average, suggesting fewer opportunities relative to the national landscape.
What is the total workforce size for these occupations locally?
There are approximately 1,990 individuals employed in Business and Financial Operations Occupations within the Northeast Louisiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,990 employees in the Northeast Louisiana nonmetropolitan area area with a job density of 32.074 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 Northeast Louisiana nonmetropolitan area
- All Occupations Salary in Northeast Louisiana nonmetropolitan area
- Office and Administrative Support Occupations Salary in Northeast Louisiana nonmetropolitan area
- Sales and Related Occupations Salary in Northeast Louisiana nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Northeast Louisiana nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Northeast Louisiana nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Northeast Louisiana nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Northeast Louisiana nonmetropolitan area
- Healthcare Support Occupations Salary in Northeast Louisiana nonmetropolitan area
- Production Occupations Salary in Northeast Louisiana nonmetropolitan area
- Management Occupations Salary in Northeast Louisiana nonmetropolitan area
- Browse All Jobs in Northeast Louisiana nonmetropolitan area →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Northeast Louisiana nonmetropolitan area