Average Business and Financial Operations Occupations Salary in Paducah, KY-IL
In Paducah, KY-IL, professionals in Business and Financial Operations Occupations can expect an average annual salary of $72,400. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The concentration of these roles in Paducah, KY-IL, as indicated by its workforce size and job density, plays a crucial role in shaping compensation levels.
Executive Summary
- Average Salary: $72,400 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,210.
- Outlook: The Paducah, KY-IL market for Business and Financial Operations Occupations employs approximately 1,670 individuals, representing 33.04 jobs per 1,000 workers. With a Location Quotient of 0.49, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence. While the workforce size indicates a stable base, the lower concentration implies that opportunities may be more specialized or less abundant compared to larger metropolitan areas.
Salary Overview
The average Business and Financial Operations Occupations in Paducah, KY-IL earns-23.5%below the national average.
$34.8
$1,392
$6,033
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Paducah, KY-IL is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady 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. Professionals can anticipate a gradual upward trend in earning potential within this sector locally.
Business and Financial Operations Occupations Salary Distribution in Paducah, KY-IL
Salary progression within Business and Financial Operations Occupations in Paducah, KY-IL, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can achieve significantly higher earnings. The percentile gaps between entry-level and senior roles highlight the substantial career advancement and earning potential available to those who invest in their professional development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,660 | $18.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,300 | $26.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,430 | $31.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $90,500 | $43.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,210 | $54.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$72,400
Gross Pay
Real Wage (Purchasing Power)
$72,400
Adjusted for COL (100)
The average annual salary of $72,400 in Paducah, KY-IL, 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 balanced lifestyle without the premium often associated with higher-cost regions. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay retains its value within the local economy.
Job Market Context
1,670
Total Jobs
33.039
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Paducah, KY-IL 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.
A Location Quotient of 0.49 for Business and Financial Operations Occupations in Paducah, KY-IL, indicates that this sector is less prevalent locally compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available positions relative to the workforce. However, it also implies that specialized skills might be in higher demand, potentially offering unique opportunities for experienced professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Cape Girardeau, MO-IL Business and Financial Operations Occupations Salary | $70,130↓ 3% | 53 mi |
| Clarksville, TN-KY Business and Financial Operations Occupations Salary | $72,020↓ 1% | 80 mi |
| Evansville, IN Business and Financial Operations Occupations Salary | $77,260↑ 7% | 88 mi |
| Owensboro, KY Business and Financial Operations Occupations Salary | $71,290↓ 2% | 96 mi |
| Jackson, TN Business and Financial Operations Occupations Salary | $69,520↓ 4% | 99 mi |
Comparing salaries near Paducah, KY-IL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Paducah, KY-IL?
The median annual salary for a Business and Financial Operations Occupations in Paducah, KY-IL is $72,400. This typically ranges from $38,660 for entry-level positions to $114,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Paducah, KY-IL is 23.5% lower than the national median of $94,590.
Is Paducah, KY-IL a lucrative place for Business and Financial Operations Occupationss?
No, but it offers good value.The average salary of $72,400 is below the national average, but the Cost of Living Index is also at the national average, meaning your earnings have equivalent purchasing power.
Is Paducah, KY-IL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Paducah, KY-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Paducah, KY-IL?
Some top paying nearby cities include Cape Girardeau, MO-IL ($70,130) and Clarksville, TN-KY.
How does the Paducah salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Paducah, KY-IL is $72,400, which is lower than the national average of $94,590.
What is the Cost of Living in Paducah, KY-IL?
Paducah, KY-IL has a Cost of Living Index of 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Paducah?
The Location Quotient of 0.49 indicates that these jobs are less concentrated in Paducah compared to the national average.
What is the total workforce for Business and Financial Operations in Paducah?
There are approximately 1,670 individuals employed in Business and Financial Operations Occupations in Paducah, KY-IL.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,670 employees in the Paducah, KY-IL area with a job density of 33.039 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 Paducah, KY-IL