Average Business and Financial Operations Occupations Salary in Salem, OR
In Salem, Oregon, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,790. This figure is slightly below the national average of $94,590, suggesting that while the demand is present, specific local economic factors or industry concentrations may influence compensation levels. The unique economic landscape of Salem shapes these earning potentials for finance and business roles.
Executive Summary
- Average Salary: $87,790 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,190.
- Outlook: Salem, OR boasts a substantial local workforce of 15,090 individuals within Business and Financial Operations Occupations. With 80.971 jobs per 1,000 workers and a Location Quotient of 1.21, this indicates a concentration of these roles that is 21% higher than the national average. This robust presence suggests a healthy and potentially growing demand for these skilled professionals within the Salem metropolitan area.
Salary Overview
The average Business and Financial Operations Occupations in Salem, OR earns-7.2%below the national average.
$42.2
$1,688
$7,316
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Salem, OR have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial expertise, and evolving business needs likely contribute to an upward trajectory in average earnings for these roles.
Business and Financial Operations Occupations Salary Distribution in Salem, OR
Salary progression within Business and Financial Operations Occupations in Salem, OR, typically scales significantly with experience. Entry-level positions may start at lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior-level salaries signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,090 | $25.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,843 | $31.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,900 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,738 | $52.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,190 | $59.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,790
Gross Pay
Real Wage (Purchasing Power)
$87,790
Adjusted for COL (100)
The average annual salary of $87,790 in Salem, OR, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a stable financial environment for residents without the added pressure of higher living expenses often found in more expensive metropolitan areas.
Job Market Context
15,090
Total Jobs
80.971
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Salem, OR has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.21, Salem, OR demonstrates a notable concentration of Business and Financial Operations Occupations compared to the national average. This suggests that the job market in Salem is more specialized in these fields than the typical U.S. city, indicating a competitive yet potentially rewarding environment for professionals seeking roles in finance and business operations.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Salem, OR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Salem, OR?
The median annual salary for a Business and Financial Operations Occupations in Salem, OR is $87,790. This typically ranges from $53,090 for entry-level positions to $124,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salem, OR is 7.2% lower than the national median of $94,590.
Is Salem, OR a lucrative place for Business and Financial Operations Occupations?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living in Salem is exactly at the national average, making the $87,790 salary hold its value effectively.
Is Salem, OR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Salem, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salem, OR?
Some top paying nearby cities include Albany, OR ($77,170) and Corvallis, OR.
How does Salem's salary compare to the national average for these roles?
The average annual salary in Salem, OR for Business and Financial Operations Occupations is $87,790, which is approximately 7.2% lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Salem, OR?
Salem, OR has a Location Quotient of 1.21 for these occupations, meaning the jobs are 21% more concentrated than the national average, indicating a stronger presence in the local economy.
How does the cost of living in Salem, OR affect the salary?
Salem's Cost of Living Index is 100, matching the national average. This means the $87,790 salary offers purchasing power equivalent to the national average, making it a financially stable location.
What is the total number of Business and Financial Operations workers in Salem, OR?
There are 15,090 individuals employed in Business and Financial Operations Occupations in Salem, OR, representing a significant segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,090 employees in the Salem, OR area with a job density of 80.971 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 Salem, OR