In the South Arkansas nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $65,060. This figure significantly trails the national average of $94,590, reflecting regional economic factors and a potentially lower demand for highly specialized roles compared to larger metropolitan hubs.
Executive Summary
- Average Salary: $65,060 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,070.
- Outlook: The local workforce for Business and Financial Operations Occupations comprises 4,280 individuals. With a Location Quotient of 0.53, this sector is less concentrated than the national average, suggesting a smaller but potentially stable job market within the region. The presence of 35.763 jobs per 1,000 workers indicates a moderate level of employment opportunities.
Salary Overview
The average Business and Financial Operations Occupations in South Arkansas nonmetropolitan area earns-31.2%below the national average.
$31.3
$1,251
$5,422
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 the South Arkansas nonmetropolitan area have experienced gradual growth over the past four years, mirroring broader economic trends. This growth would likely be influenced by inflation, evolving business needs, and the general economic health of the region.
Business and Financial Operations Occupations Salary Distribution in South Arkansas nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles requiring extensive expertise and leadership command significantly higher compensation. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $35,870 | $17.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $48,795 | $23.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $55,900 | $26.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $81,325 | $39.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,070 | $51 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$65,060
Gross Pay
Real Wage (Purchasing Power)
$65,060
Adjusted for COL (100)
The nominal average annual salary of $65,060 in the South Arkansas nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, making the cost of living a neutral factor in assessing the overall financial attractiveness of the region.
Job Market Context
4,280
Total Jobs
35.763
Per 1K Jobs
0.53
Location Quotient
South Arkansas nonmetropolitan area has 0.53x 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 0.53 indicates that Business and Financial Operations Occupations are less prevalent in the South Arkansas nonmetropolitan area compared to the national average. This suggests a less competitive market with potentially fewer specialized roles, but also implies that individuals with these skills may be in demand relative to the local supply.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Business and Financial Operations Occupations Salary | $72,730↑ 12% | 17 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↑ 2% | 51 mi |
Comparing salaries near South Arkansas nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in South Arkansas nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in South Arkansas nonmetropolitan area is $65,060. This typically ranges from $35,870 for entry-level positions to $106,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Arkansas nonmetropolitan area is 31.2% lower than the national median of $94,590.
Is South Arkansas nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national standards.The average salary of $65,060 is substantially lower than the national average of $94,590. While the cost of living is average, the lower pay scale indicates less lucrative opportunities in this region.
Is South Arkansas nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in South Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($72,730) and Hot Springs, AR.
How does the local workforce size impact job opportunities?
A local workforce of 4,280 suggests a moderate pool of professionals. While not as large as metropolitan areas, it indicates a consistent presence of these roles within the regional economy.
What does a Location Quotient of 0.53 mean for job seekers?
A Location Quotient below 1.0 signifies that these occupations are less concentrated than the national average. This could mean fewer job openings but also potentially less competition for available positions.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the local expenses are on par with the national average. Therefore, the $65,060 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the significance of 'Jobs per 1,000 Workers'?
The figure of 35.763 jobs per 1,000 workers indicates the relative density of Business and Financial Operations roles within the total workforce. This metric provides context for the prevalence of these jobs in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,280 employees in the South Arkansas nonmetropolitan area area with a job density of 35.763 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in South Arkansas nonmetropolitan area
- All Occupations Salary in South Arkansas nonmetropolitan area
- Production Occupations Salary in South Arkansas nonmetropolitan area
- Office and Administrative Support Occupations Salary in South Arkansas nonmetropolitan area
- Transportation and Material Moving Occupations Salary in South Arkansas nonmetropolitan area
- Sales and Related Occupations Salary in South Arkansas nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in South Arkansas nonmetropolitan area
- Educational Instruction and Library Occupations Salary in South Arkansas nonmetropolitan area
- Management Occupations Salary in South Arkansas nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in South Arkansas nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in South Arkansas nonmetropolitan area
- Browse All Jobs in South Arkansas nonmetropolitan area →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in South Arkansas nonmetropolitan area