Average Business and Financial Operations Occupations Salary in Roanoke, VA
In Roanoke, VA, professionals in Business and Financial Operations Occupations can expect an average annual salary of $76,580. This figure is notably below the national average of $94,590, suggesting that local market dynamics and economic factors specific to the region influence compensation levels. The cost of living in Roanoke aligns perfectly with the national average, making this salary a significant point of consideration for financial professionals.
Executive Summary
- Average Salary: $76,580 per year.
- Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,730.
- Outlook: Roanoke's market for Business and Financial Operations Occupations is moderately concentrated, with a Location Quotient of 0.88, indicating a presence slightly below the national average. The total local workforce of 8,990 in this sector, translating to 59.125 jobs per 1,000 workers, suggests a stable, albeit not rapidly expanding, demand for these roles. This concentration implies a mature market where opportunities exist but may require more targeted job searching.
Salary Overview
The average Business and Financial Operations Occupations in Roanoke, VA earns-19.0%below the national average.
$36.8
$1,473
$6,382
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Roanoke's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends. Factors such as inflation, increased demand for specialized financial skills, and regional economic development initiatives likely contribute to a gradual upward trajectory in average earnings for these professionals.
Business and Financial Operations Occupations Salary Distribution in Roanoke, VA
Salary progression within Business and Financial Operations Occupations in Roanoke, VA, typically scales with experience. Entry-level positions may start significantly lower than the average, while senior roles, commanding specialized expertise and leadership responsibilities, can push earnings well above the $76,580 mark. The gap between the 25th and 75th percentile salaries serves as a strong indicator of the career advancement and earning potential available as professionals gain experience and develop their skill sets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,070 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,435 | $27.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,960 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,725 | $46 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,730 | $54.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,580
Gross Pay
Real Wage (Purchasing Power)
$76,580
Adjusted for COL (100)
The nominal average salary of $76,580 in Roanoke, VA, holds considerable purchasing power due to the local Cost of Living Index being exactly at the national average of 100. This means that the $76,580 earned locally will afford a lifestyle comparable to the national average, without the added financial strain of a higher cost of living often seen in major metropolitan areas.
Job Market Context
8,990
Total Jobs
59.125
Per 1K Jobs
0.88
Location Quotient
Roanoke, VA 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 Business and Financial Operations job market in Roanoke, VA, is slightly less concentrated than the national average. This suggests that while the demand is present, the field is not oversaturated, potentially offering a balanced competitive landscape for job seekers. Professionals may find a good number of opportunities without facing the intense competition typical of areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Blacksburg-Christiansburg-Radford, VA Business and Financial Operations Occupations Salary | $78,970↑ 3% | 26 mi |
| Lynchburg, VA Business and Financial Operations Occupations Salary | $78,780↑ 3% | 43 mi |
| Beckley, WV Business and Financial Operations Occupations Salary | $72,270↓ 6% | 76 mi |
| Staunton-Stuarts Draft, VA Business and Financial Operations Occupations Salary | $73,630↓ 4% | 78 mi |
| Greensboro-High Point, NC Business and Financial Operations Occupations Salary | $81,620↑ 7% | 82 mi |
Comparing salaries near Roanoke, VA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Roanoke, VA?
The median annual salary for a Business and Financial Operations Occupations in Roanoke, VA is $76,580. This typically ranges from $43,070 for entry-level positions to $113,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Roanoke, VA is 19.0% lower than the national median of $94,590.
Is Roanoke, VA a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to national averages.While the average salary of $76,580 is solid, it falls below the national average of $94,590. However, the cost of living matching the national average mitigates this difference significantly.
Is Roanoke, VA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Roanoke, VA?
Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($78,970) and Lynchburg, VA.
What is the average salary for Business and Financial Operations Occupations in Roanoke, VA?
The average annual salary for Business and Financial Operations Occupations in Roanoke, VA is $76,580.
How does Roanoke's cost of living compare to the national average?
Roanoke, VA has a Cost of Living Index of 100, which is exactly the same as the national average.
Is the concentration of Business and Financial Operations jobs high in Roanoke?
The concentration, measured by the Location Quotient of 0.88, is slightly below the national average, indicating a presence that is not disproportionately high.
How many Business and Financial Operations jobs are there per 1,000 workers in Roanoke?
There are approximately 59.125 jobs per 1,000 workers in Business and Financial Operations Occupations in Roanoke, VA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,990 employees in the Roanoke, VA area with a job density of 59.125 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 Roanoke, VA