Average Business and Financial Operations Occupations Salary in Scranton--Wilkes-Barre, PA
In Scranton--Wilkes-Barre, PA, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,270. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region.
Executive Summary
- Average Salary: $76,270 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,470.
- Outlook: The Scranton--Wilkes-Barre area supports a local workforce of 10,670 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.63, the concentration of these roles is lower than the national average, indicating a less saturated but potentially growing market for these specialized skills.
Salary Overview
The average Business and Financial Operations Occupations in Scranton--Wilkes-Barre, PA earns-19.4%below the national average.
$36.7
$1,467
$6,356
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Scranton--Wilkes-Barre have experienced steady growth over the past four years, mirroring national trends of increasing demand for financial expertise and operational efficiency across various industries.
Business and Financial Operations Occupations Salary Distribution in Scranton--Wilkes-Barre, PA
Salary progression within Business and Financial Operations Occupations is typically tied to experience and specialization. Entry-level positions may start significantly lower than the average, while senior roles, such as financial managers or senior analysts, can command salaries well above $76,270, with percentile gaps clearly signifying career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,770 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,203 | $27.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,060 | $31.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,338 | $45.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,470 | $56.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,270
Gross Pay
Real Wage (Purchasing Power)
$76,270
Adjusted for COL (100)
The average annual salary of $76,270 in Scranton--Wilkes-Barre aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
10,670
Total Jobs
41.968
Per 1K Jobs
0.63
Location Quotient
Scranton--Wilkes-Barre, PA has 0.63x 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 0.63 for Business and Financial Operations Occupations in Scranton--Wilkes-Barre suggests that these roles are less concentrated locally compared to the national landscape. This could imply fewer immediate job openings but also presents an opportunity for skilled professionals to establish themselves in a market with potentially less competition.
Nearby Job Markets
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Scranton--Wilkes-Barre, PA?
The median annual salary for a Business and Financial Operations Occupations in Scranton--Wilkes-Barre, PA is $76,270. This typically ranges from $39,770 for entry-level positions to $117,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Scranton--Wilkes-Barre, PA is 19.4% lower than the national median of $94,590.
Is Scranton--Wilkes-Barre, PA a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $76,270 is below the national average of $94,590, indicating less lucrative compensation in this specific region. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Scranton--Wilkes-Barre, PA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Scranton--Wilkes-Barre, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Scranton--Wilkes-Barre, PA?
Some top paying nearby cities include Binghamton, NY ($87,570) and Allentown-Bethlehem-Easton, PA-NJ.
What is the average salary for Business and Financial Operations Occupations in Scranton--Wilkes-Barre, PA?
The average annual salary for Business and Financial Operations Occupations in Scranton--Wilkes-Barre, PA is $76,270.
How does the Scranton--Wilkes-Barre salary compare to the national average?
The average salary in Scranton--Wilkes-Barre ($76,270) is lower than the national average of $94,590.
What is the Cost of Living Index in Scranton--Wilkes-Barre, PA?
The Cost of Living Index in Scranton--Wilkes-Barre, PA is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in Scranton--Wilkes-Barre?
The concentration of these jobs, measured by the Location Quotient, is 0.63, which is below the national average of 1.0.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,670 employees in the Scranton--Wilkes-Barre, PA area with a job density of 41.968 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 Scranton--Wilkes-Barre, PA