Average Business and Financial Operations Occupations Salary in Racine-Mount Pleasant, WI
In Racine-Mount Pleasant, WI, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,330. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry concentration play a significant role in compensation within this region. Understanding these local dynamics is crucial for career planning and salary negotiation.
Executive Summary
- Average Salary: $82,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,550.
- Outlook: The local job market for Business and Financial Operations Occupations in Racine-Mount Pleasant, WI, comprises a workforce of 3,630 individuals. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, indicating a moderate level of demand and availability relative to other occupations. The presence of nearly 48 jobs per 1,000 workers suggests a stable, albeit not exceptionally high, presence of these vital operational roles.
Salary Overview
The average Business and Financial Operations Occupations in Racine-Mount Pleasant, WI earns-13.0%below the national average.
$39.6
$1,583
$6,861
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise occupation group in Racine-Mount Pleasant is not provided, it is generally assumed that salaries within Business and Financial Operations have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for skilled professionals, and evolving business needs, leading to a gradual enhancement of earning potential for those in the field.
Business and Financial Operations Occupations Salary Distribution in Racine-Mount Pleasant, WI
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. 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 expect significantly higher compensation. The percentile gaps between junior and senior roles highlight substantial opportunities for career advancement and increased earning potential as one accumulates experience and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,520 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,748 | $29.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,900 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,913 | $49.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,550 | $59.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,330
Gross Pay
Real Wage (Purchasing Power)
$82,330
Adjusted for COL (100)
The average annual salary of $82,330 in Racine-Mount Pleasant, WI, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is comparable to the national average. While the nominal salary is lower than the national average for this occupation, the equivalent cost of living suggests that the take-home pay may offer similar financial stability when compared to higher-cost metropolitan areas.
Job Market Context
3,630
Total Jobs
47.433
Per 1K Jobs
0.71
Location Quotient
Racine-Mount Pleasant, WI has 0.71x 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.
A Location Quotient of 0.71 for Business and Financial Operations Occupations in Racine-Mount Pleasant, WI, indicates that this sector is less concentrated locally than it is nationally. This suggests that while these roles are present and necessary, the market may be less saturated with specialized talent compared to national hubs. This could present opportunities for skilled professionals, but also implies that the overall demand might not be as robust as in areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Business and Financial Operations Occupations Salary | $81,140↓ 1% | 10 mi |
| Milwaukee-Waukesha, WI Business and Financial Operations Occupations Salary | $87,850↑ 7% | 25 mi |
| Chicago-Naperville-Elgin, IL-IN Business and Financial Operations Occupations Salary | $96,790↑ 18% | 59 mi |
| Janesville-Beloit, WI Business and Financial Operations Occupations Salary | $80,320↓ 2% | 61 mi |
| Sheboygan, WI Business and Financial Operations Occupations Salary | $84,470↑ 3% | 70 mi |
Comparing salaries near Racine-Mount Pleasant, WI
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Racine-Mount Pleasant, WI?
The median annual salary for a Business and Financial Operations Occupations in Racine-Mount Pleasant, WI is $82,330. This typically ranges from $47,520 for entry-level positions to $124,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Racine-Mount Pleasant, WI is 13.0% lower than the national median of $94,590.
Is Racine-Mount Pleasant, WI a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $82,330 is below the national average of $94,590, indicating lower earning potential in this specific region. However, the cost of living is at the national average, which somewhat mitigates the difference in nominal pay.
Is Racine-Mount Pleasant, WI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Racine-Mount Pleasant, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Racine-Mount Pleasant, WI?
Some top paying nearby cities include Kenosha, WI ($81,140) and Milwaukee-Waukesha, WI.
How does the Racine-Mount Pleasant salary compare to the national average for Business and Financial Operations?
The average annual salary in Racine-Mount Pleasant, WI, is $82,330, which is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Racine-Mount Pleasant?
The concentration, measured by the Location Quotient, is 0.71, meaning these jobs are less common in Racine-Mount Pleasant than the national average.
How does the cost of living in Racine-Mount Pleasant affect salary perception?
With a Cost of Living Index of 100, Racine-Mount Pleasant is at the national average, meaning the $82,330 salary has purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the total workforce size for Business and Financial Operations in Racine-Mount Pleasant?
There are 3,630 individuals employed in Business and Financial Operations Occupations in the Racine-Mount Pleasant, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,630 employees in the Racine-Mount Pleasant, WI area with a job density of 47.433 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 Racine-Mount Pleasant, WI