In Northeastern Pennsylvania's nonmetropolitan areas, professionals in Business and Financial Operations Occupations earn an average annual salary of $75,880. This figure falls below the national average of $94,590, reflecting the distinct economic landscape and industry concentration found in this region compared to broader national trends. Localized economic factors and demand significantly influence compensation levels.
Executive Summary
- Average Salary: $75,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,280.
- Outlook: The Business and Financial Operations sector in Northeastern Pennsylvania's nonmetropolitan area employs a workforce of 4,310 individuals. With a Location Quotient of 0.5, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. The rate of 33.359 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these specialized roles.
Salary Overview
The average Business and Financial Operations Occupations in Northeastern Pennsylvania nonmetropolitan area earns-19.8%below the national average.
$36.5
$1,459
$6,323
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 roles have experienced gradual growth over the past four years, mirroring general economic trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Northeastern Pennsylvania nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps between entry-level, mid-career, and senior professionals highlight the substantial opportunities for career advancement and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,250 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,910 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,990 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,850 | $45.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,280 | $58.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,880
Gross Pay
Real Wage (Purchasing Power)
$75,880
Adjusted for COL (100)
The average annual salary of $75,880 in Northeastern Pennsylvania's nonmetropolitan area aligns precisely with the national Cost of Living Index of 100. This means that, on average, the purchasing power of this salary is equivalent to the national average, suggesting that while nominal earnings are lower than the national average, the cost of living does not present a significant disadvantage for residents.
Job Market Context
4,310
Total Jobs
33.359
Per 1K Jobs
0.5
Location Quotient
Northeastern Pennsylvania nonmetropolitan area has 0.50x 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 0.5 for Business and Financial Operations Occupations in this nonmetropolitan region indicates that the concentration of these jobs is half that of the national average. This suggests that the job market for these roles is less saturated and potentially less competitive than in major metropolitan hubs, offering a unique dynamic for both employers seeking talent and professionals looking for opportunities.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Business and Financial Operations Occupations Salary | $73,310↓ 3% | 9 mi |
| State College, PA Business and Financial Operations Occupations Salary | $79,320↑ 5% | 45 mi |
| Elmira, NY Business and Financial Operations Occupations Salary | $83,440↑ 10% | 65 mi |
| Harrisburg-Carlisle, PA Business and Financial Operations Occupations Salary | $80,430↑ 6% | 66 mi |
| Lebanon, PA Business and Financial Operations Occupations Salary | $75,790↓ 0% | 72 mi |
Comparing salaries near Northeastern Pennsylvania nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northeastern Pennsylvania nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northeastern Pennsylvania nonmetropolitan area is $75,880. This typically ranges from $39,250 for entry-level positions to $122,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeastern Pennsylvania nonmetropolitan area is 19.8% lower than the national median of $94,590.
Is Northeastern Pennsylvania nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.While the average salary of $75,880 is substantial, it is notably lower than the national average of $94,590. However, the cost of living being at the national average offsets this disparity to some extent.
Is Northeastern Pennsylvania nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northeastern Pennsylvania nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeastern Pennsylvania nonmetropolitan area?
Some top paying nearby cities include Williamsport, PA ($73,310) and State College, PA.
How does the number of jobs per 1,000 workers compare nationally?
With 33.359 jobs per 1,000 workers, this region has a moderate presence of Business and Financial Operations roles relative to its population size, compared to national benchmarks.
What is the significance of a Location Quotient of 0.5?
A Location Quotient of 0.5 means that Business and Financial Operations Occupations are half as concentrated in this nonmetropolitan area as they are nationally, indicating a less specialized labor market for these roles.
How does the total workforce size impact the job market?
A total local workforce of 4,310 for these occupations suggests a stable, established presence, but not an overwhelmingly large or rapidly expanding sector within the region.
What does a Cost of Living Index of 100 imply for salary?
A Cost of Living Index of 100 signifies that the general expenses for goods and services in this area are on par with the national average, making the $75,880 salary's purchasing power comparable to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,310 employees in the Northeastern Pennsylvania nonmetropolitan area area with a job density of 33.359 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 Northeastern Pennsylvania nonmetropolitan area