In the Northwest Alabama nonmetropolitan area, professionals in Business and Financial Operations Occupations can expect an average annual salary of $67,930. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand dynamics present in this specific region compared to broader national trends.
Executive Summary
- Average Salary: $67,930 per year.
- Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,670.
- Outlook: The job market for Business and Financial Operations roles in Northwest Alabama, with a total local workforce of 1,850 individuals, presents a concentrated but not overwhelmingly dominant presence. The Location Quotient of 0.41 indicates that these roles are less concentrated here than the national average, suggesting a stable, albeit not rapidly expanding, demand within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Northwest Alabama nonmetropolitan area earns-28.2%below the national average.
$32.7
$1,306
$5,661
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise region and occupation is not provided, it is reasonable to assume that salaries for Business and Financial Operations roles in nonmetropolitan areas like Northwest Alabama have experienced gradual growth over the past four years, mirroring general economic trends and inflation adjustments. This steady, albeit potentially modest, upward trend is typical for established professional roles in such economies.
Business and Financial Operations Occupations Salary Distribution in Northwest Alabama nonmetropolitan area
Salary progression within Business and Financial Operations Occupations in Northwest Alabama is typically tied to experience and specialization. Entry-level positions will likely fall at the lower end of the pay scale, while senior roles requiring extensive expertise and leadership command significantly higher compensation. The percentile gaps between these levels signify clear career advancement opportunities and the increasing value placed on seasoned professionals in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,900 | $18.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,948 | $24.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,680 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,913 | $40.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,670 | $49.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$67,930
Gross Pay
Real Wage (Purchasing Power)
$67,930
Adjusted for COL (100)
The average annual salary of $67,930 in Northwest Alabama 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 salary within the region is equivalent to the national standard, making it a financially stable environment for residents.
Job Market Context
1,850
Total Jobs
27.545
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Northwest 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.
With a Location Quotient of 0.41, Business and Financial Operations Occupations are less concentrated in Northwest Alabama compared to the national average. This suggests that while the roles exist and are filled by a dedicated workforce of 1,850, the market is not saturated, and there may be opportunities for skilled professionals, but the overall demand is relatively subdued compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↑ 14% | 44 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 21% | 50 mi |
| Tuscaloosa, AL Business and Financial Operations Occupations Salary | $78,230↑ 15% | 52 mi |
| Auburn-Opelika, AL Business and Financial Operations Occupations Salary | $72,450↑ 7% | 77 mi |
| Anniston-Oxford, AL Business and Financial Operations Occupations Salary | $73,170↑ 8% | 82 mi |
Comparing salaries near Northwest Alabama nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northwest Alabama nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northwest Alabama nonmetropolitan area is $67,930. This typically ranges from $37,900 for entry-level positions to $102,670 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Alabama nonmetropolitan area is 28.2% lower than the national median of $94,590.
Is Northwest Alabama 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 $67,930 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning purchasing power is maintained.
Is Northwest Alabama nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($77,550) and Birmingham, AL.
What is the average salary for Business and Financial Operations roles in Northwest Alabama?
The average annual salary for Business and Financial Operations Occupations in Northwest Alabama is $67,930.
How does the Northwest Alabama salary compare to the national average?
The average salary in Northwest Alabama ($67,930) is considerably lower than the national average salary of $94,590 for these roles.
What is the Cost of Living Index in Northwest Alabama?
The Cost of Living Index in Northwest Alabama is 100, which is equivalent to the national average.
How concentrated are Business and Financial Operations jobs in Northwest Alabama?
These roles are less concentrated in Northwest Alabama compared to the national average, with a Location Quotient of 0.41.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,850 employees in the Northwest Alabama nonmetropolitan area area with a job density of 27.545 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 Northwest Alabama nonmetropolitan area