Average Business and Financial Operations Occupations Salary in Portland-South Portland, ME
In Portland-South Portland, ME, professionals in Business and Financial Operations Occupations earn an average annual salary of $89,230. This figure is slightly below the national average of $94,590, suggesting localized economic factors and industry demand play a significant role in compensation within this specific metropolitan area. The regional economic landscape and the concentration of relevant industries directly influence these pay scales.
Executive Summary
- Average Salary: $89,230 per year.
- Growth Trend: Salaries have shifted 19.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,540.
- Outlook: The Portland-South Portland area supports a substantial workforce of 16,860 individuals in Business and Financial Operations. With a Location Quotient of 0.88, the concentration of these roles is slightly below the national average, indicating a stable but not overly saturated market. The presence of nearly 60 jobs per 1,000 workers underscores a consistent demand for these essential business functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Portland-South Portland, ME earns-5.7%below the national average.
$42.9
$1,716
$7,436
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 roles in Portland-South Portland have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for specialized financial and operational expertise typically drive upward salary adjustments in most metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Portland-South Portland, ME
Career progression within Business and Financial Operations roles in Portland-South Portland typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior and management roles command salaries in the higher percentiles. The widening gap between entry-level and senior compensation reflects the value placed on accumulated knowledge, strategic oversight, and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,230 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,923 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,910 | $38.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,538 | $53.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,540 | $61.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$89,230
Gross Pay
Real Wage (Purchasing Power)
$89,230
Adjusted for COL (100)
The average annual salary of $89,230 in Portland-South Portland aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this occupation within Portland-South Portland is equivalent to the national average. While the nominal salary is slightly lower than the national average for the occupation, the cost of living parity suggests that the take-home value of the salary is comparable.
Job Market Context
16,860
Total Jobs
59.294
Per 1K Jobs
0.88
Location Quotient
Portland-South Portland, ME has 0.88x 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 0.88, the job market for Business and Financial Operations in Portland-South Portland is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the market is not as saturated as in some larger, more established financial hubs. This could translate to a competitive environment for job seekers, but also indicates potential opportunities for those with specialized skills.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Portland-South Portland, ME?
The median annual salary for a Business and Financial Operations Occupations in Portland-South Portland, ME is $89,230. This typically ranges from $51,230 for entry-level positions to $127,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 5.7% lower than the national median of $94,590.
Is Portland-South Portland, ME a lucrative place for Business and Financial Operations Occupationss?
Moderately lucrative, with comparable purchasing power.The average salary of $89,230 is slightly below the national average, but the cost of living is also at the national average. This results in a comparable real income to the national standard.
Is Portland-South Portland, ME a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($76,130) and Central New Hampshire nonmetropolitan area.
How does the Portland-South Portland salary compare to the national average for this field?
The average salary in Portland-South Portland, ME for Business and Financial Operations Occupations is $89,230, which is approximately 5.6% lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Portland-South Portland?
The concentration, measured by the Location Quotient, is 0.88, indicating that these jobs are slightly less prevalent in Portland-South Portland compared to the national average.
Does the cost of living affect the value of the salary in Portland-South Portland?
No, the cost of living in Portland-South Portland is exactly at the national average (100). This means the $89,230 salary has the same purchasing power as the national average salary for this occupation.
How many Business and Financial Operations jobs are there per 1,000 workers in Portland-South Portland?
There are approximately 59.294 jobs per 1,000 workers in Business and Financial Operations in Portland-South Portland, ME.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,860 employees in the Portland-South Portland, ME area with a job density of 59.294 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 Portland-South Portland, ME