Average Business and Financial Operations Occupations Salary in South Bend-Mishawaka, IN-MI
In South Bend-Mishawaka, IN-MI, professionals in Business and Financial Operations Occupations earn an average annual salary of $75,800. This figure is notably below the national average of $94,590, reflecting regional economic factors and a different competitive landscape for these specialized roles. The local market dynamics, including industry concentration and demand, play a significant role in shaping compensation levels for these vital positions.
Executive Summary
- Average Salary: $75,800 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,460.
- Outlook: The South Bend-Mishawaka area supports a workforce of 5,810 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.66, these roles are less concentrated than the national average, suggesting a market that may be less saturated but also potentially less robust in terms of sheer job volume. The number of jobs per 1,000 workers stands at 44.301, providing a quantitative measure of employment opportunities within this sector.
Salary Overview
The average Business and Financial Operations Occupations in South Bend-Mishawaka, IN-MI earns-19.9%below the national average.
$36.4
$1,458
$6,317
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for South Bend-Mishawaka's Business and Financial Operations sector is not provided, it is generally assumed that salaries within this field have experienced consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is typically driven by increasing demand for financial expertise, evolving business needs, and the continuous development of specialized skills within the workforce.
Business and Financial Operations Occupations Salary Distribution in South Bend-Mishawaka, IN-MI
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and expertise. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect significantly higher compensation. The percentile gaps in earnings clearly signify career advancement opportunities, with senior roles often reaching well into the upper percentiles of the salary distribution.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,740 | $21 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,850 | $27.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,620 | $32.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,750 | $45.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,460 | $53.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,800
Gross Pay
Real Wage (Purchasing Power)
$75,800
Adjusted for COL (100)
The average annual salary of $75,800 in South Bend-Mishawaka 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. Therefore, relocating professionals can expect their earnings to cover expenses at a comparable rate to the rest of the country, without a significant penalty or advantage due to living costs.
Job Market Context
5,810
Total Jobs
44.301
Per 1K Jobs
0.66
Location Quotient
South Bend-Mishawaka, IN-MI has 0.66x 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.
With a Location Quotient of 0.66, the Business and Financial Operations job market in South Bend-Mishawaka is less concentrated than the national average. This suggests that while these roles are present and contribute to the local economy, they do not form a disproportionately large segment of the employment landscape compared to national benchmarks. This could indicate a more specialized demand or a less competitive environment for talent acquisition in these fields within the region.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Niles, MI Business and Financial Operations Occupations Salary | $81,130↑ 7% | 11 mi |
| Elkhart-Goshen, IN Business and Financial Operations Occupations Salary | $77,380↑ 2% | 16 mi |
| Michigan City-La Porte, IN Business and Financial Operations Occupations Salary | $71,990↓ 5% | 31 mi |
| Kalamazoo-Portage, MI Business and Financial Operations Occupations Salary | $78,970↑ 4% | 54 mi |
| Battle Creek, MI Business and Financial Operations Occupations Salary | $81,610↑ 8% | 69 mi |
Comparing salaries near South Bend-Mishawaka, IN-MI
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in South Bend-Mishawaka, IN-MI?
The median annual salary for a Business and Financial Operations Occupations in South Bend-Mishawaka, IN-MI is $75,800. This typically ranges from $43,740 for entry-level positions to $111,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Bend-Mishawaka, IN-MI is 19.9% lower than the national median of $94,590.
Is South Bend-Mishawaka, IN-MI a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to the national average salary.While the cost of living is on par with the national average, the average salary of $75,800 is significantly lower than the national average of $94,590 for Business and Financial Operations Occupations.
Is South Bend-Mishawaka, IN-MI a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in South Bend-Mishawaka, IN-MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Bend-Mishawaka, IN-MI?
Some top paying nearby cities include Niles, MI ($81,130) and Elkhart-Goshen, IN.
What is the average salary for Business and Financial Operations Occupations in South Bend-Mishawaka, IN-MI?
The average annual salary for Business and Financial Operations Occupations in South Bend-Mishawaka, IN-MI is $75,800.
How does the South Bend-Mishawaka salary compare to the national average?
The average salary in South Bend-Mishawaka ($75,800) is lower than the national average salary of $94,590 for these occupations.
What is the Cost of Living Index in South Bend-Mishawaka, IN-MI?
The Cost of Living Index in South Bend-Mishawaka, IN-MI is 100, which is the same as the national average.
How concentrated are Business and Financial Operations jobs in South Bend-Mishawaka compared to the nation?
Business and Financial Operations jobs are less concentrated in South Bend-Mishawaka, with a Location Quotient of 0.66, indicating a lower presence relative to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,810 employees in the South Bend-Mishawaka, IN-MI area with a job density of 44.301 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 Bend-Mishawaka, IN-MI
- All Occupations Salary in South Bend-Mishawaka, IN-MI
- Office and Administrative Support Occupations Salary in South Bend-Mishawaka, IN-MI
- Food Preparation and Serving Related Occupations Salary in South Bend-Mishawaka, IN-MI
- Sales and Related Occupations Salary in South Bend-Mishawaka, IN-MI
- Transportation and Material Moving Occupations Salary in South Bend-Mishawaka, IN-MI
- Production Occupations Salary in South Bend-Mishawaka, IN-MI
- Healthcare Practitioners and Technical Occupations Salary in South Bend-Mishawaka, IN-MI
- Educational Instruction and Library Occupations Salary in South Bend-Mishawaka, IN-MI
- Management Occupations Salary in South Bend-Mishawaka, IN-MI
- Healthcare Support Occupations Salary in South Bend-Mishawaka, IN-MI
- Browse All Jobs in South Bend-Mishawaka, IN-MI →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in South Bend-Mishawaka, IN-MI