In the Slidell-Mandeville-Covington, LA area, professionals in Business and Financial Operations Occupations can expect an average annual salary of $74,950. 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: $74,950 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,110.
- Outlook: With a local workforce of 5,170 individuals in Business and Financial Operations, and a Location Quotient of 0.77, the job market in Slidell-Mandeville-Covington, LA indicates a slightly lower concentration of these roles compared to the national average. While not a major hub, the presence of over 5,000 professionals suggests a stable, albeit less concentrated, demand for these essential business functions.
Salary Overview
The average Business and Financial Operations Occupations in Slidell-Mandeville-Covington, LA earns-20.8%below the national average.
$36
$1,441
$6,246
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Business and Financial Operations roles in Slidell-Mandeville-Covington, LA have experienced gradual growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive modest increases in compensation for these vital positions.
Business and Financial Operations Occupations Salary Distribution in Slidell-Mandeville-Covington, LA
Career progression within Business and Financial Operations in Slidell-Mandeville-Covington, LA is typically marked by increasing salary potential. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive experience and specialized skills, command significantly higher salaries, reflecting the value of expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,520 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,213 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,020 | $30.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,688 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,110 | $59.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,950
Gross Pay
Real Wage (Purchasing Power)
$74,950
Adjusted for COL (100)
The average annual salary of $74,950 in Slidell-Mandeville-Covington, LA aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary is equivalent to the national standard, offering a balanced financial landscape for residents.
Job Market Context
5,170
Total Jobs
51.382
Per 1K Jobs
0.77
Location Quotient
Slidell-Mandeville-Covington, LA has 0.77x 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 0.77 for Business and Financial Operations Occupations in Slidell-Mandeville-Covington, LA suggests that these roles are slightly less prevalent than the national average. This indicates a moderately competitive market where demand exists, but it is not as saturated as in other regions, potentially offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| New Orleans-Metairie, LA Business and Financial Operations Occupations Salary | $81,770↑ 9% | 18 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↓ 9% | 43 mi |
| Gulfport-Biloxi, MS Business and Financial Operations Occupations Salary | $77,180↑ 3% | 44 mi |
| Houma-Bayou Cane-Thibodaux, LA Business and Financial Operations Occupations Salary | $74,700↓ 0% | 74 mi |
| Hattiesburg, MS Business and Financial Operations Occupations Salary | $67,820↓ 10% | 76 mi |
Comparing salaries near Slidell-Mandeville-Covington, LA
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Slidell-Mandeville-Covington, LA?
The median annual salary for a Business and Financial Operations Occupations in Slidell-Mandeville-Covington, LA is $74,950. This typically ranges from $37,520 for entry-level positions to $123,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Slidell-Mandeville-Covington, LA is 20.8% lower than the national median of $94,590.
Is Slidell-Mandeville-Covington, LA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $74,950 is below the national average of $94,590, although the cost of living is on par with the national average.
Is Slidell-Mandeville-Covington, LA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Slidell-Mandeville-Covington, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Slidell-Mandeville-Covington, LA?
Some top paying nearby cities include New Orleans-Metairie, LA ($81,770) and Hammond, LA.
How does the Slidell-Mandeville-Covington, LA salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Slidell-Mandeville-Covington, LA is $74,950, which is lower than the national average of $94,590.
What is the Cost of Living in Slidell-Mandeville-Covington, LA?
The Cost of Living Index in Slidell-Mandeville-Covington, LA is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in this area?
The Location Quotient is 0.77, indicating that these occupations are slightly less concentrated in Slidell-Mandeville-Covington, LA compared to the national average.
How many Business and Financial Operations jobs are there per 1,000 workers locally?
There are approximately 51.382 jobs per 1,000 workers in Business and Financial Operations within the Slidell-Mandeville-Covington, LA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,170 employees in the Slidell-Mandeville-Covington, LA area with a job density of 51.382 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 Slidell-Mandeville-Covington, LA