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Average Business and Financial Operations Occupations Salary in Owensboro, KY

In Owensboro, KY, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,290. This figure falls below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The compensation landscape in Owensboro is shaped by a unique interplay of local industry needs and the overall economic climate of the region.

Executive Summary

  • Average Salary: $71,290 per year.
  • Growth Trend: Salaries have shifted 6.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $109,370.
  • Outlook: The Business and Financial Operations sector in Owensboro, KY, comprises approximately 1,650 individuals, with 33.915 jobs per 1,000 workers. The Location Quotient of 0.51 indicates that this sector is less concentrated in Owensboro compared to the national average. While the workforce size is substantial, the lower concentration suggests a market that may not be experiencing exceptionally high demand relative to national trends, though it still represents a significant employment base.
2024 Market Data

Salary Overview

$71,290

The average Business and Financial Operations Occupations in Owensboro, KY earns-24.6%below the national average.

BreakdownBased on 40h/week
Hourly

$34.3

Weekly

$1,371

Monthly

$5,941

Business and Financial Operations Occupations Salary Distribution in Owensboro, KY

Within the Business and Financial Operations field in Owensboro, salary progression is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities see a substantial increase. The percentile gaps in earnings clearly signify career advancement opportunities, rewarding accumulated knowledge, demonstrated success, and the ability to manage complex financial operations.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$38,240$18.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$53,468$25.7
ManagerOversees team, compliance, and project delivery.50% (Median)$63,410$30.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$89,113$42.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$109,370$52.6

Detailed Business and Financial Operations Occupations Market Analysis

Relocation Context

Nominal Salary

$71,290

Gross Pay

Real Wage (Purchasing Power)

$71,290

Adjusted for COL (100)

The average annual salary of $71,290 in Owensboro, KY, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for residents. While the nominal salary is lower than the national average, the balanced cost of living suggests that the take-home pay in Owensboro provides a comparable standard of living to many other areas across the country.

Job Market Context

1,650

Total Jobs

33.915

Per 1K Jobs

0.51

Location Quotient

Below Average

Owensboro, KY has 0.51x 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.

With a Location Quotient of 0.51, the Business and Financial Operations sector in Owensboro, KY, is less concentrated than the national average. This suggests that while the field is present and provides employment, it is not a dominant industry hub. The market is likely less saturated with professionals in this specific domain compared to national benchmarks, potentially offering a more accessible entry point for skilled individuals, but also indicating a potentially lower overall demand relative to other regions.

Nearby Job Markets

Nearby Cities for Business and Financial Operations Occupations

CitySalaryDist.
Evansville, IN Business and Financial Operations Occupations Salary$77,260↑ 8%28 mi
Bowling Green, KY Business and Financial Operations Occupations Salary$69,850↓ 2%66 mi
Elizabethtown, KY Business and Financial Operations Occupations Salary$79,540↑ 12%68 mi
Louisville/Jefferson County, KY-IN Business and Financial Operations Occupations Salary$78,230↑ 10%82 mi
Clarksville, TN-KY Business and Financial Operations Occupations Salary$72,020↑ 1%83 mi

Comparing salaries near Owensboro, KY

Hiring Business and Financial Operations Occupationss?

Frequently Asked Questions

How much does a Business and Financial Operations Occupations make in Owensboro, KY?

The median annual salary for a Business and Financial Operations Occupations in Owensboro, KY is $71,290. This typically ranges from $38,240 for entry-level positions to $109,370 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Owensboro, KY is 24.6% lower than the national median of $94,590.

Is Owensboro, KY a lucrative place for Business and Financial Operations Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $71,290 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the salary's purchasing power comparable.

Is Owensboro, KY a good place to live for Business and Financial Operations Occupations?

The Cost of Living Index in Owensboro, KY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Owensboro, KY?

Some top paying nearby cities include Evansville, IN ($77,260) and Bowling Green, KY.

How does Owensboro's salary for Business and Financial Operations compare to the national average?

The average salary in Owensboro, KY, for Business and Financial Operations Occupations is $71,290, which is considerably lower than the national average of $94,590.

What is the Cost of Living in Owensboro, KY?

Owensboro, KY, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.

How concentrated is the Business and Financial Operations job market in Owensboro?

The market concentration, measured by the Location Quotient, is 0.51, meaning the field is less prevalent in Owensboro than the national average.

What is the total workforce size for Business and Financial Operations in Owensboro?

There are approximately 1,650 individuals employed in Business and Financial Operations Occupations in Owensboro, KY.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,650 employees in the Owensboro, KY area with a job density of 33.915 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Owensboro, KY