In the Southeast Missouri nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $67,360. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and industry concentration. The specific economic landscape and demand within this nonmetropolitan region directly influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $67,360 per year.
- Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $104,390.
- Outlook: With a local workforce of 5,180 individuals in Business and Financial Operations, the sector represents a significant segment of the regional economy. The location quotient of 0.47 indicates that these roles are less concentrated here compared to the national average, suggesting potential for growth or a specialized niche within the local job market. The number of jobs per 1,000 workers (31.612) provides a benchmark for understanding the prevalence of these occupations within the broader workforce.
Salary Overview
The average Business and Financial Operations Occupations in Southeast Missouri nonmetropolitan area earns-28.8%below the national average.
$32.4
$1,295
$5,613
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Business and Financial Operations roles have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving industry demands typically drive upward salary adjustments, even in nonmetropolitan regions, as employers strive to attract and retain skilled talent.
Business and Financial Operations Occupations Salary Distribution in Southeast Missouri nonmetropolitan area
Career progression in Business and Financial Operations typically correlates with increased earning potential. Entry-level positions often serve as a foundation, with salaries gradually ascending through mid-level roles to senior management and specialized expert positions. The widening salary gap between different experience tiers signifies robust opportunities for career advancement and increased compensation as professionals gain expertise and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,890 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,520 | $24.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,790 | $28.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,200 | $40.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $104,390 | $50.2 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$67,360
Gross Pay
Real Wage (Purchasing Power)
$67,360
Adjusted for COL (100)
The nominal average salary of $67,360 in Southeast Missouri nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of this salary is equivalent to the national standard. While the salary is lower than the national average for this occupation, the cost of living being at par suggests that the real value of the earnings may be more comparable than initially perceived, offering a stable financial footing.
Job Market Context
5,180
Total Jobs
31.612
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Southeast Missouri nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A location quotient of 0.47 signifies that Business and Financial Operations Occupations are less prevalent in the Southeast Missouri nonmetropolitan area compared to the national average. This suggests a less saturated market, which could present unique opportunities for skilled professionals. However, it also implies that the demand might be more specialized or that the overall industry presence is smaller, requiring a nuanced approach to job searching and career development.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Jefferson City, MO Business and Financial Operations Occupations Salary | $67,890↑ 1% | 10 mi |
| Columbia, MO Business and Financial Operations Occupations Salary | $77,960↑ 16% | 34 mi |
Comparing salaries near Southeast Missouri nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southeast Missouri nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southeast Missouri nonmetropolitan area is $67,360. This typically ranges from $36,890 for entry-level positions to $104,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Missouri nonmetropolitan area is 28.8% lower than the national median of $94,590.
Is Southeast Missouri nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $67,360 is significantly lower than the national average of $94,590 for these roles. However, the cost of living being at the national average means the real value of the salary is more competitive than the nominal difference suggests.
Is Southeast Missouri nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southeast Missouri nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Missouri nonmetropolitan area?
Some top paying nearby cities include Jefferson City, MO ($67,890) and Columbia, MO.
What is the average salary for Business and Financial Operations roles in Southeast Missouri?
The average annual salary for Business and Financial Operations Occupations in the Southeast Missouri nonmetropolitan area is $67,360.
How does the Southeast Missouri salary compare to the national average?
The average salary in Southeast Missouri ($67,360) is considerably lower than the national average ($94,590) for Business and Financial Operations roles.
What is the Cost of Living Index in Southeast Missouri?
The Cost of Living Index in the Southeast Missouri nonmetropolitan area is 100, which is the national average.
How concentrated are Business and Financial Operations jobs in this region?
The concentration of these jobs, indicated by a location quotient of 0.47, is less than half the national average, suggesting a lower prevalence in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,180 employees in the Southeast Missouri nonmetropolitan area area with a job density of 31.612 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 Missouri nonmetropolitan area