In the Northwest Oklahoma nonmetropolitan area, professionals in Business and Financial Operations Occupations can expect an average annual salary of $72,900. This figure is notably below the national average of $94,590, reflecting the distinct economic landscape and industry demands of this region compared to broader national trends.
Executive Summary
- Average Salary: $72,900 per year.
- Growth Trend: Salaries have shifted 13.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,710.
- Outlook: With a local workforce of 3,810 individuals in Business and Financial Operations Occupations, the concentration, indicated by a Location Quotient of 0.58, suggests that this sector is less prevalent here than the national average. While the total workforce size indicates a stable presence, the lower concentration points to a market that may not be experiencing rapid expansion or high demand relative to other regions.
Salary Overview
The average Business and Financial Operations Occupations in Northwest Oklahoma nonmetropolitan area earns-22.9%below the national average.
$35.1
$1,402
$6,075
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 modest growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Northwest Oklahoma 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, those requiring advanced degrees, or specialized financial skills, can significantly exceed the average. The percentile gaps in earnings clearly signify substantial career advancement opportunities and the value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,200 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,675 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,810 | $30.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,125 | $43.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,710 | $56.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,900
Gross Pay
Real Wage (Purchasing Power)
$72,900
Adjusted for COL (100)
The average annual salary of $72,900 in Northwest Oklahoma aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of this salary is comparable to the national average, suggesting that while the nominal salary is lower than the national average, the cost of living does not present a significant disadvantage for residents.
Job Market Context
3,810
Total Jobs
39.137
Per 1K Jobs
0.58
Location Quotient
Northwest Oklahoma 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 indicates that Business and Financial Operations Occupations are less concentrated in the Northwest Oklahoma nonmetropolitan area compared to the national average. This suggests a less competitive job market in terms of sheer numbers of professionals, but it could also imply lower demand or fewer specialized opportunities compared to more metropolitan or industrially diverse regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Business and Financial Operations Occupations Salary | $80,330↑ 10% | 34 mi |
| Tulsa, OK Business and Financial Operations Occupations Salary | $79,630↑ 9% | 69 mi |
| Enid, OK Business and Financial Operations Occupations Salary | $73,120↑ 0% | 78 mi |
Comparing salaries near Northwest Oklahoma nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Northwest Oklahoma nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Northwest Oklahoma nonmetropolitan area is $72,900. This typically ranges from $37,200 for entry-level positions to $116,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Oklahoma nonmetropolitan area is 22.9% lower than the national median of $94,590.
Is Northwest Oklahoma nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $72,900 is significantly lower than the national average, although the cost of living is on par. The lower location quotient also suggests less market concentration and potentially fewer high-paying opportunities.
Is Northwest Oklahoma nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Northwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($80,330) and Tulsa, OK.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Northwest Oklahoma is $72,900, which is considerably less than the national average of $94,590.
What is the cost of living in Northwest Oklahoma compared to the nation?
The cost of living in Northwest Oklahoma is exactly at the national average, with an index of 100.
How concentrated are Business and Financial Operations jobs in this area?
The concentration of these jobs, measured by the Location Quotient, is 0.58, meaning they are less prevalent than the national average.
How many people work in Business and Financial Operations in this region?
There are 3,810 individuals employed in Business and Financial Operations Occupations in the Northwest Oklahoma 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 3,810 employees in the Northwest Oklahoma nonmetropolitan area area with a job density of 39.137 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 Oklahoma nonmetropolitan area