Average Business and Financial Operations Occupations Salary in Odessa, TX
In Odessa, TX, professionals in Business and Financial Operations Occupations earn an average annual salary of $80,520. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this Texas city. The specific economic landscape of Odessa influences the prevailing wage rates for these critical roles.
Executive Summary
- Average Salary: $80,520 per year.
- Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,550.
- Outlook: The Business and Financial Operations Occupations sector in Odessa, TX, comprises a local workforce of 2,340 individuals. With a Location Quotient of 0.44, this indicates a lower concentration of these roles compared to the national average. While the absolute number of workers is substantial, the lower concentration suggests that the demand for these specialized positions may not be as robust as in other regions, presenting a mixed outlook for job market expansion.
Salary Overview
The average Business and Financial Operations Occupations in Odessa, TX earns-14.9%below the national average.
$38.7
$1,548
$6,710
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Odessa, TX, is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced a steady upward trend over the past four years, mirroring national economic growth and increasing demand for financial expertise. This growth is typically driven by inflation, evolving industry needs, and the increasing complexity of financial management across all sectors.
Business and Financial Operations Occupations Salary Distribution in Odessa, TX
Salary progression within Business and Financial Operations Occupations in Odessa, TX, typically correlates with experience and specialization. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with advanced skills and leadership responsibilities can command significantly higher salaries. The widening gap between entry-level and senior-level compensation reflects the value placed on accumulated expertise and proven performance in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,950 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,390 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,450 | $36.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,650 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,550 | $60.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$80,520
Gross Pay
Real Wage (Purchasing Power)
$80,520
Adjusted for COL (100)
For individuals considering a move to Odessa, TX, the average annual salary of $80,520 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Odessa is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the area.
Job Market Context
2,340
Total Jobs
29.546
Per 1K Jobs
0.44
Location Quotient
At 0.44x, Odessa, TX 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.
The Location Quotient of 0.44 for Business and Financial Operations Occupations in Odessa, TX, signifies that this sector is less concentrated locally than the national average. This suggests that while there is a presence of these roles, the market is not saturated, potentially offering opportunities for skilled professionals. However, it also implies that the overall demand might be more specialized or tied to specific local industries, making it less competitive in terms of sheer job volume.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Midland, TX Business and Financial Operations Occupations Salary | $93,190↑ 16% | 17 mi |
Comparing salaries near Odessa, TX
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Odessa, TX?
The median annual salary for a Business and Financial Operations Occupations in Odessa, TX is $80,520. This typically ranges from $42,950 for entry-level positions to $126,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Odessa, TX is 14.9% lower than the national median of $94,590.
Is Odessa, TX a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $80,520 in Odessa, TX, falls below the national average of $94,590. While the cost of living is at the national average, the lower salary indicates less lucrative opportunities in this specific field within the city.
Is Odessa, TX a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Odessa, TX?
Some top paying nearby cities include Midland, TX ($93,190) and others.
How does Odessa's cost of living compare to the national average?
Odessa, TX, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services in Odessa is comparable to the national average.
What is the concentration of Business and Financial Operations roles in Odessa, TX?
The concentration of these roles in Odessa, TX, is indicated by a Location Quotient of 0.44, which is below the national average of 1.0. This suggests a lower proportion of these jobs relative to the national landscape.
How many Business and Financial Operations workers are there in Odessa, TX?
There are approximately 2,340 individuals employed in Business and Financial Operations Occupations in Odessa, TX.
Are there many Business and Financial Operations jobs per capita in Odessa, TX?
Odessa, TX, has 29.546 jobs per 1,000 workers in Business and Financial Operations Occupations, which is a moderate figure reflecting the local workforce composition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,340 employees in the Odessa, TX area with a job density of 29.546 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 Odessa, TX