In the Northwest Nebraska nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $68,840. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as local industry concentration and the overall economic activity of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $68,840 per year.
- Growth Trend: Salaries have shifted 13.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $99,960.
- Outlook: The Business and Financial Operations sector in Northwest Nebraska supports a local workforce of 1,410 individuals. With a Location Quotient of 0.54, this occupation group is less concentrated than the national average, suggesting a smaller, potentially more specialized, local talent pool. The rate of 36.119 jobs per 1,000 workers indicates a steady presence, though not a dominant one, within the regional economy.
Salary Overview
The average Business and Financial Operations Occupations in Northwest Nebraska nonmetropolitan area earns-27.2%below the national average.
$33.1
$1,324
$5,737
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise region and occupation group is not provided, it is generally observed that salaries within Business and Financial Operations Occupations have seen consistent, albeit varied, growth over the past four years across the nation. This trend is typically driven by inflation, increasing demand for financial expertise, and evolving business needs, which likely also influenced compensation in Northwest Nebraska.
Business and Financial Operations Occupations Salary Distribution in Northwest Nebraska nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, strategic oversight, and advanced analytical skills see substantially higher compensation. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,470 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $51,630 | $24.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,080 | $30.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,050 | $41.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $99,960 | $48.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$68,840
Gross Pay
Real Wage (Purchasing Power)
$68,840
Adjusted for COL (100)
The nominal average annual salary of $68,840 in Northwest Nebraska aligns perfectly with the national 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 comparable cost of living suggests that the take-home pay may offer a similar standard of living as in higher-cost areas, assuming the salary distribution is favorable.
Job Market Context
1,410
Total Jobs
36.119
Per 1K Jobs
0.54
Location Quotient
Northwest Nebraska nonmetropolitan area has 0.54x 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 0.54 for Business and Financial Operations Occupations in Northwest Nebraska indicates that this sector is less concentrated locally compared to the national average. This suggests that while the jobs exist, the market may not be as saturated with specialized talent as in metropolitan areas. This could present opportunities for skilled professionals but also implies a potentially smaller overall job market and fewer openings compared to national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Grand Island, NE Business and Financial Operations Occupations Salary | $71,700↑ 4% | 15 mi |
| Lincoln, NE Business and Financial Operations Occupations Salary | $74,840↑ 9% | 86 mi |
Comparing salaries near Northwest Nebraska nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northwest Nebraska nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northwest Nebraska nonmetropolitan area is $68,840. This typically ranges from $41,470 for entry-level positions to $99,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Nebraska nonmetropolitan area is 27.2% lower than the national median of $94,590.
Is Northwest Nebraska nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $68,840 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, mitigating some of the salary disparity.
Is Northwest Nebraska nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northwest Nebraska nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Nebraska nonmetropolitan area?
Some top paying nearby cities include Grand Island, NE ($71,700) and Lincoln, NE.
How does the local workforce size impact job opportunities?
A local workforce of 1,410 suggests a moderate-sized sector. While not as large as in metropolitan areas, it indicates a stable presence of these roles within the regional economy.
What does a Location Quotient of 0.54 mean for job seekers?
A Location Quotient below 1.0, like 0.54, means the occupation is less common in this area than the national average. This could mean less competition for specialized roles but also fewer overall job openings.
How does the cost of living compare to other areas?
With a Cost of Living Index of 100, Northwest Nebraska is exactly at the national average. This means your $68,840 salary has the same purchasing power as the national average salary in a national average cost of living area.
Are there many Business and Financial Operations jobs per capita in this region?
With 36.119 jobs per 1,000 workers, the density of these roles is moderate. It reflects a consistent demand for these services within the local economy, though not at a significantly higher rate than 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 1,410 employees in the Northwest Nebraska nonmetropolitan area area with a job density of 36.119 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 Northwest Nebraska nonmetropolitan area
- All Occupations Salary in Northwest Nebraska nonmetropolitan area
- Office and Administrative Support Occupations Salary in Northwest Nebraska nonmetropolitan area
- Sales and Related Occupations Salary in Northwest Nebraska nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Northwest Nebraska nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Northwest Nebraska nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Northwest Nebraska nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Northwest Nebraska nonmetropolitan area
- Management Occupations Salary in Northwest Nebraska nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Northwest Nebraska nonmetropolitan area
- Construction and Extraction Occupations Salary in Northwest Nebraska nonmetropolitan area
- Browse All Jobs in Northwest Nebraska nonmetropolitan area →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Northwest Nebraska nonmetropolitan area