In Southern Indiana's nonmetropolitan areas, professionals in Business and Financial Operations Occupations earn an average annual salary of $76,980. This figure falls below the national average of $94,590, reflecting regional economic factors and a potentially different industry focus compared to more urbanized centers. The lower average salary is often a characteristic of nonmetropolitan economies, where operational costs and market demand can influence compensation structures.
Executive Summary
- Average Salary: $76,980 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,860.
- Outlook: The Business and Financial Operations sector in Southern Indiana's nonmetropolitan area comprises a workforce of 7,330 individuals, with a jobs-per-1,000-workers ratio of 37.302. The Location Quotient of 0.56 indicates that this sector is less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. While not a hub, the steady employment numbers point to consistent demand for these essential roles.
Salary Overview
The average Business and Financial Operations Occupations in Southern Indiana nonmetropolitan area earns-18.6%below the national average.
$37
$1,480
$6,415
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan region is not provided, it is reasonable to assume that salaries for Business and Financial Operations roles in Southern Indiana have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for skilled professionals, and the evolving complexity of financial and operational management across industries.
Business and Financial Operations Occupations Salary Distribution in Southern Indiana nonmetropolitan area
Within the Business and Financial Operations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with expertise in areas like financial analysis, accounting, or strategic planning can expect significantly higher compensation. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,040 | $19.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,735 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,940 | $33.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,225 | $46.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,860 | $59.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$76,980
Gross Pay
Real Wage (Purchasing Power)
$76,980
Adjusted for COL (100)
The nominal average salary of $76,980 in Southern Indiana's 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 comparable to the national average. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer similar lifestyle affordability as in higher-cost national areas.
Job Market Context
7,330
Total Jobs
37.302
Per 1K Jobs
0.56
Location Quotient
Southern Indiana 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.
With a Location Quotient of 0.56, the Business and Financial Operations sector in Southern Indiana's nonmetropolitan area is less concentrated than the national average. This suggests that the job market for these roles may be less competitive in terms of the sheer number of available positions relative to the workforce size, but it also indicates that specialized talent might be more sought after. The lower concentration implies that while opportunities exist, they are not as abundant as in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Business and Financial Operations Occupations Salary | $86,790↑ 13% | 8 mi |
| Kokomo, IN Business and Financial Operations Occupations Salary | $78,180↑ 2% | 43 mi |
| Columbus, IN Business and Financial Operations Occupations Salary | $79,720↑ 4% | 48 mi |
| Bloomington, IN Business and Financial Operations Occupations Salary | $79,470↑ 3% | 49 mi |
| Lafayette-West Lafayette, IN Business and Financial Operations Occupations Salary | $78,340↑ 2% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southern Indiana nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southern Indiana nonmetropolitan area is $76,980. This typically ranges from $41,040 for entry-level positions to $122,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 18.6% lower than the national median of $94,590.
Is Southern Indiana nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national averages.The average salary of $76,980 is significantly lower than the national average of $94,590. However, the Cost of Living Index is at the national average, meaning the lower salary has equivalent purchasing power locally.
Is Southern Indiana nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($86,790) and Kokomo, IN.
How does the total local workforce impact job prospects?
A total local workforce of 7,330 in Business and Financial Operations indicates a substantial pool of professionals, suggesting a stable demand for these roles within the region's economy.
What does a Location Quotient of 0.56 signify?
A Location Quotient of 0.56 means that Business and Financial Operations Occupations are less concentrated in Southern Indiana's nonmetropolitan area compared to the national average, implying a less saturated market.
How does the Cost of Living affect the $76,980 salary?
With a Cost of Living Index of 100, the $76,980 salary has the same purchasing power as the national average, making it relatively stable despite being below the national salary benchmark.
Are there many Business and Financial Operations jobs per capita in this area?
With 37.302 jobs per 1,000 workers, the availability of Business and Financial Operations roles is present, though the lower Location Quotient suggests it's not a primary industry concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,330 employees in the Southern Indiana nonmetropolitan area area with a job density of 37.302 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 Southern Indiana nonmetropolitan area