Average Business and Financial Operations Occupations Salary in Rochester, NY
In Rochester, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $88,710. This figure is slightly below the national average of $94,590, a common occurrence in markets where local economic factors and industry concentration influence compensation levels. Understanding these regional nuances is key to evaluating career opportunities.
Executive Summary
- Average Salary: $88,710 per year.
- Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,720.
- Outlook: Rochester, NY boasts a substantial local workforce of 27,890 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.85, the presence of these roles is nearly on par with the national average, indicating a stable and established demand for these professionals within the region's economic landscape.
Salary Overview
The average Business and Financial Operations Occupations in Rochester, NY earns-6.2%below the national average.
$42.7
$1,706
$7,393
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that Business and Financial Operations Occupations in Rochester, like in many other markets, have experienced steady salary growth over the past four years. This trend is typically driven by inflation, increasing demand for specialized skills, and the overall economic health of the region.
Business and Financial Operations Occupations Salary Distribution in Rochester, NY
Salary progression within Business and Financial Operations Occupations in Rochester, NY, is significantly influenced by experience. Entry-level positions typically command salaries at the lower percentiles, while senior roles and those with specialized expertise can reach the higher percentiles. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,900 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,533 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,110 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,888 | $53.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,720 | $64.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$88,710
Gross Pay
Real Wage (Purchasing Power)
$88,710
Adjusted for COL (100)
The average annual salary of $88,710 in Rochester, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
27,890
Total Jobs
56.821
Per 1K Jobs
0.85
Location Quotient
Rochester, NY has 0.85x 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 0.85 for Business and Financial Operations Occupations in Rochester, NY, suggests that this sector is slightly less concentrated than the national average. This indicates a moderately competitive job market where opportunities exist, but perhaps not at the same density as in more heavily specialized national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Buffalo-Cheektowaga, NY Business and Financial Operations Occupations Salary | $87,710↓ 1% | 65 mi |
| Syracuse, NY Business and Financial Operations Occupations Salary | $89,010↑ 0% | 75 mi |
| Ithaca, NY Business and Financial Operations Occupations Salary | $84,190↓ 5% | 75 mi |
| Elmira, NY Business and Financial Operations Occupations Salary | $83,440↓ 6% | 85 mi |
Comparing salaries near Rochester, NY
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Rochester, NY?
The median annual salary for a Business and Financial Operations Occupations in Rochester, NY is $88,710. This typically ranges from $48,900 for entry-level positions to $133,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rochester, NY is 6.2% lower than the national median of $94,590.
Is Rochester, NY a lucrative place for Business and Financial Operations Occupationss?
Moderately. While the average salary is slightly below the national average, the cost of living is also at the national average, making it a stable market.The average salary of $88,710 is competitive, especially when considering the cost of living index of 100. The market is stable, though not as concentrated as national averages.
Is Rochester, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Rochester, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rochester, NY?
Some top paying nearby cities include Buffalo-Cheektowaga, NY ($87,710) and Syracuse, NY.
How does Rochester's salary compare to the national average for this field?
The average annual salary in Rochester, NY, is $88,710, which is slightly 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 Rochester?
Rochester has a Location Quotient of 0.85 for these occupations, indicating a presence that is close to, but slightly below, the national average concentration.
Does the cost of living affect the value of the Rochester salary?
No, the cost of living in Rochester is exactly at the national average (100), meaning the $88,710 salary has purchasing power equivalent to the national average.
How many Business and Financial Operations workers are there in Rochester?
There are approximately 27,890 individuals employed in Business and Financial Operations Occupations in Rochester, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 27,890 employees in the Rochester, NY area with a job density of 56.821 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 Rochester, NY