Average Business and Financial Operations Occupations Salary in Olympia-Lacey-Tumwater, WA
In Olympia-Lacey-Tumwater, WA, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,600. This figure is notably below the national average of $94,590, suggesting that while the cost of living is on par with the national average, local market dynamics and demand may influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $85,600 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,580.
- Outlook: The Olympia-Lacey-Tumwater region boasts a substantial workforce of 14,100 individuals within Business and Financial Operations Occupations. With a Location Quotient of 1.65, this sector is significantly more concentrated here than the national average, indicating a robust and established presence of these roles and a potentially strong demand for skilled professionals within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Olympia-Lacey-Tumwater, WA earns-9.5%below the national average.
$41.2
$1,646
$7,133
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this localized segment is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Olympia-Lacey-Tumwater have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing demand for financial expertise and the evolving business landscape in the region.
Business and Financial Operations Occupations Salary Distribution in Olympia-Lacey-Tumwater, WA
Compensation within Business and Financial Operations Occupations naturally escalates with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and extensive track records can expect to earn significantly more. The widening percentile gaps between junior and senior roles reflect the substantial career progression and increased earning potential available in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,020 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,200 | $30.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,100 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,000 | $51.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,580 | $58 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,600
Gross Pay
Real Wage (Purchasing Power)
$85,600
Adjusted for COL (100)
The average annual salary of $85,600 in Olympia-Lacey-Tumwater aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in this region is equivalent to the national average, offering a stable financial environment for residents without the added pressure of a high cost of living impacting their disposable income.
Job Market Context
14,100
Total Jobs
110.679
Per 1K Jobs
1.65
Location Quotient
Olympia-Lacey-Tumwater, WA has 1.6x the national concentration of Business and Financial Operations Occupations jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.65 signifies that Business and Financial Operations Occupations are 65% more concentrated in Olympia-Lacey-Tumwater than the national average. This indicates a strong and specialized job market, suggesting that employers in this area actively seek and value these professionals, potentially leading to competitive opportunities for those with relevant skills and experience.
Nearby Job Markets
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Business and Financial Operations Occupations in Olympia-Lacey-Tumwater, WA is $85,600. This typically ranges from $55,020 for entry-level positions to $120,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 9.5% lower than the national median of $94,590.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Business and Financial Operations Occupationss?
No, not significantly more lucrative than the national average.While the cost of living is average, the average salary of $85,600 is below the national average of $94,590. However, the high concentration of these roles suggests a strong job market.
Is Olympia-Lacey-Tumwater, WA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($95,860) and Seattle-Tacoma-Bellevue, WA.
What is the total number of Business and Financial Operations workers in Olympia-Lacey-Tumwater, WA?
There are approximately 14,100 individuals employed in Business and Financial Operations Occupations within the Olympia-Lacey-Tumwater, WA metropolitan area.
How does the number of Business and Financial Operations jobs per 1,000 workers compare nationally?
Olympia-Lacey-Tumwater, WA has 110.679 jobs per 1,000 workers in Business and Financial Operations, indicating a higher prevalence of these roles compared to the national average.
What does a Location Quotient of 1.65 mean for Business and Financial Operations jobs?
A Location Quotient of 1.65 means that Business and Financial Operations Occupations are 65% more concentrated in Olympia-Lacey-Tumwater, WA than in the average U.S. location, suggesting a specialized and robust local market for these professionals.
How does the cost of living in Olympia-Lacey-Tumwater, WA affect the salary?
With a Cost of Living Index of 100, Olympia-Lacey-Tumwater, WA is at the national average. This means the $85,600 salary has purchasing power equivalent to the national average, making it neither exceptionally high nor low in real terms.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,100 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 110.679 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 Olympia-Lacey-Tumwater, WA