In the Southeast Alabama nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,940. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as local industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $74,940 per year.
- Growth Trend: Salaries have shifted 12.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,190.
- Outlook: The job market for Business and Financial Operations Occupations in Southeast Alabama is characterized by a workforce of 3,110 individuals. With a Location Quotient of 0.56, this sector is less concentrated than the national average, suggesting a potentially less saturated but also less robust demand compared to more populous or industrially diverse areas. The number of jobs per 1,000 workers stands at 37.592, indicating a moderate presence within the local labor force.
Salary Overview
The average Business and Financial Operations Occupations in Southeast Alabama nonmetropolitan area earns-20.8%below the national average.
$36
$1,441
$6,245
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Southeast Alabama nonmetropolitan area
Within the Business and Financial Operations Occupations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and specialized knowledge can significantly increase earning potential. The widening gap between entry-level and senior-level salaries, often reflected in percentile distributions, signifies clear career advancement opportunities and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,200 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,205 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,950 | $32.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,675 | $45 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,190 | $56.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,940
Gross Pay
Real Wage (Purchasing Power)
$74,940
Adjusted for COL (100)
The nominal average annual salary of $74,940 in Southeast Alabama nonmetropolitan area aligns precisely 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, as the cost of essential goods and services is neither higher nor lower than the national benchmark.
Job Market Context
3,110
Total Jobs
37.592
Per 1K Jobs
0.56
Location Quotient
Southeast Alabama nonmetropolitan area has 0.56x 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 0.56 for Business and Financial Operations Occupations in Southeast Alabama nonmetropolitan area indicates that this sector is less concentrated locally compared to the national average. This suggests that while there is a presence of these roles, the market is not as saturated, potentially offering opportunities for skilled professionals but also implying a more limited overall demand or fewer specialized roles compared to national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↑ 3% | 44 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 10% | 50 mi |
| Tuscaloosa, AL Business and Financial Operations Occupations Salary | $78,230↑ 4% | 52 mi |
| Auburn-Opelika, AL Business and Financial Operations Occupations Salary | $72,450↓ 3% | 77 mi |
| Anniston-Oxford, AL Business and Financial Operations Occupations Salary | $73,170↓ 2% | 82 mi |
Comparing salaries near Southeast Alabama nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southeast Alabama nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southeast Alabama nonmetropolitan area is $74,940. This typically ranges from $39,200 for entry-level positions to $117,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Alabama nonmetropolitan area is 20.8% lower than the national median of $94,590.
Is Southeast Alabama nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered as lucrative as the national average.The average salary of $74,940 is significantly lower than the national average of $94,590. However, the cost of living is on par with the national average, meaning the lower salary's purchasing power is maintained locally.
Is Southeast Alabama nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($77,550) and Birmingham, AL.
How does the local salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Southeast Alabama nonmetropolitan area is $74,940, which is considerably less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in this region?
The region has a lower concentration of these jobs compared to the national average, as indicated by a Location Quotient of 0.56.
How does the cost of living affect the salary in Southeast Alabama?
The cost of living in Southeast Alabama nonmetropolitan area is at the national average (100), meaning the $74,940 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the size of the Business and Financial Operations workforce in this area?
There are approximately 3,110 individuals employed in Business and Financial Operations Occupations within the Southeast Alabama nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,110 employees in the Southeast Alabama nonmetropolitan area area with a job density of 37.592 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 Southeast Alabama nonmetropolitan area