In the Southeast Minnesota nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,330. This figure is notably below the national average of $94,590, reflecting regional economic factors and a potentially different demand structure. The specific economic landscape and industry concentration within this nonmetropolitan region likely contribute to this salary differential.
Executive Summary
- Average Salary: $81,330 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,760.
- Outlook: With a local workforce of 6,340 individuals in Business and Financial Operations Occupations, and a Location Quotient of 0.62, the job market in Southeast Minnesota nonmetropolitan area indicates a concentration below the national average. This suggests that while these roles are present, they are not as densely populated as in other regions, potentially offering a less saturated but perhaps more specialized employment environment.
Salary Overview
The average Business and Financial Operations Occupations in Southeast Minnesota nonmetropolitan area earns-14.0%below the national average.
$39.1
$1,564
$6,778
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 have seen 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 general rise in the cost of living, which necessitates higher compensation to attract and retain talent.
Business and Financial Operations Occupations Salary Distribution in Southeast Minnesota nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps in earnings clearly signify career advancement opportunities, with seasoned professionals often earning substantially more than their less experienced counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,600 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,998 | $29.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,390 | $36.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,663 | $48.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,760 | $59.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,330
Gross Pay
Real Wage (Purchasing Power)
$81,330
Adjusted for COL (100)
The average annual salary of $81,330 in Southeast Minnesota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of the salary in this region is equivalent to the national average. While the nominal salary is lower than the national average for the occupation, the cost of living parity suggests that the take-home pay may offer comparable lifestyle benefits to areas with higher salaries but also higher living expenses.
Job Market Context
6,340
Total Jobs
41.46
Per 1K Jobs
0.62
Location Quotient
Southeast Minnesota nonmetropolitan area has 0.62x 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 0.62 for Business and Financial Operations Occupations in Southeast Minnesota nonmetropolitan area signifies that this sector is less concentrated than the national average. This suggests that while there is a presence of these roles, the market is not saturated, potentially indicating a more competitive landscape for job seekers looking to enter or advance within these fields, or conversely, a niche market with specialized opportunities.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Business and Financial Operations Occupations Salary | $82,800↑ 2% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Business and Financial Operations Occupations Salary | $96,880↑ 19% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southeast Minnesota nonmetropolitan area is $81,330. This typically ranges from $48,600 for entry-level positions to $123,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 14.0% lower than the national median of $94,590.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $81,330 is below the national average of $94,590, although the cost of living is at the national average. This indicates that while expenses are comparable, the earning potential is less.
Is Southeast Minnesota nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($82,800) and Minneapolis-St. Paul-Bloomington, MN-WI.
What is the average salary for Business and Financial Operations Occupations in Southeast Minnesota nonmetropolitan area?
The average annual salary for Business and Financial Operations Occupations in Southeast Minnesota nonmetropolitan area is $81,330.
How does the salary compare to the national average?
The average salary of $81,330 in Southeast Minnesota nonmetropolitan area is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the Cost of Living Index in Southeast Minnesota nonmetropolitan area?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100, which is the national average.
How concentrated are Business and Financial Operations Occupations jobs in this region compared to the nation?
With a Location Quotient of 0.62, Business and Financial Operations Occupations are less concentrated in Southeast Minnesota nonmetropolitan area than 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 6,340 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 41.46 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 Minnesota nonmetropolitan area