In the Northeast Maine nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $90,260. This figure is slightly below the national average of $94,590, a difference often attributed to the unique economic landscape and specific industry demands prevalent in nonmetropolitan regions. Localized market dynamics and a potentially smaller pool of specialized roles can influence compensation levels.
Executive Summary
- Average Salary: $90,260 per year.
- Growth Trend: Salaries have shifted 40.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,990.
- Outlook: The job market for Business and Financial Operations Occupations in the Northeast Maine nonmetropolitan area is characterized by a workforce of 2,440 individuals. With a Location Quotient of 0.58, this sector is less concentrated than the national average, suggesting a niche presence rather than widespread dominance. The rate of 38.739 jobs per 1,000 workers indicates a moderate level of employment within this specialized field in the region.
Salary Overview
The average Business and Financial Operations Occupations in Northeast Maine nonmetropolitan area earns-4.6%below the national average.
$43.4
$1,736
$7,522
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 consistent growth over the past four years, mirroring broader economic trends. Factors such as inflation, increased demand for financial expertise, and evolving business needs likely contribute to upward salary adjustments, even in more localized markets.
Business and Financial Operations Occupations Salary Distribution in Northeast Maine 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 for this region is unavailable, the typical career path sees substantial gains as experience and responsibility grow. The gap between starting salaries and those for seasoned professionals highlights opportunities for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,550 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,695 | $32.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,140 | $36.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,825 | $54.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,990 | $60.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$90,260
Gross Pay
Real Wage (Purchasing Power)
$90,260
Adjusted for COL (100)
The nominal average annual salary of $90,260 in the Northeast Maine nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This suggests that, on average, the purchasing power of the salary in this region is comparable to the national average. While the salary is slightly lower than the national average, the equivalent cost of living indicates a stable financial standing for those in these roles.
Job Market Context
2,440
Total Jobs
38.739
Per 1K Jobs
0.58
Location Quotient
Northeast Maine nonmetropolitan area has 0.58x 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 0.58 for Business and Financial Operations Occupations in the Northeast Maine nonmetropolitan area signifies that this sector is less concentrated than the national average. This indicates a relatively lower demand or a smaller presence of these specialized roles compared to the rest of the country, suggesting a less competitive but potentially more specialized job market.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Business and Financial Operations Occupations Salary | $77,010↓ 15% | 31 mi |
| Lewiston-Auburn, ME Business and Financial Operations Occupations Salary | $76,130↓ 16% | 57 mi |
| Portland-South Portland, ME Business and Financial Operations Occupations Salary | $89,230↓ 1% | 83 mi |
Comparing salaries near Northeast Maine nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northeast Maine nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northeast Maine nonmetropolitan area is $90,260. This typically ranges from $46,550 for entry-level positions to $125,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Maine nonmetropolitan area is 4.6% lower than the national median of $94,590.
Is Northeast Maine nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $90,260 is below the national average, and the sector's concentration (Location Quotient of 0.58) is significantly lower than the national benchmark.
Is Northeast Maine nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northeast Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($77,010) and Lewiston-Auburn, ME.
How does the Northeast Maine salary compare to the national average?
The average annual salary of $90,260 in Northeast Maine is slightly lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living in Northeast Maine nonmetropolitan area?
The Cost of Living Index in the Northeast Maine 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, measured by the Location Quotient, is 0.58, indicating they are less common in this region compared to the national average.
What is the total workforce size for these occupations in Northeast Maine?
There are 2,440 individuals employed in Business and Financial Operations Occupations in the Northeast Maine 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 2,440 employees in the Northeast Maine nonmetropolitan area area with a job density of 38.739 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 Maine nonmetropolitan area