In the Southern Ohio nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $73,820. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within this less urbanized setting. The compensation is influenced by the local economic structure and the availability of specialized roles.
Executive Summary
- Average Salary: $73,820 per year.
- Growth Trend: Salaries have shifted 11.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,510.
- Outlook: The local market for Business and Financial Operations Occupations in Southern Ohio comprises approximately 5,860 workers. With a Location Quotient of 0.54, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust job market compared to more metropolitan regions. The presence of 36.329 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these essential business functions.
Salary Overview
The average Business and Financial Operations Occupations in Southern Ohio nonmetropolitan area earns-22.0%below the national average.
$35.5
$1,420
$6,152
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise region and occupation group is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have experienced a modest upward trend over the past four years, mirroring national economic recovery and inflation adjustments. This growth, however, is likely tempered by local economic conditions and the pace of industry development in nonmetropolitan areas.
Business and Financial Operations Occupations Salary Distribution in Southern Ohio nonmetropolitan area
Career progression within Business and Financial Operations Occupations typically leads to significant salary increases. Entry-level positions often start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. The widening gap between entry-level and senior roles signifies a clear career trajectory and the value placed on expertise and leadership within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,870 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,365 | $26.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,180 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,275 | $44.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $111,510 | $53.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,820
Gross Pay
Real Wage (Purchasing Power)
$73,820
Adjusted for COL (100)
The average annual salary of $73,820 in Southern Ohio's 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 average, making the nominal income's real value comparable to the rest of the country, despite being lower than the national salary average.
Job Market Context
5,860
Total Jobs
36.329
Per 1K Jobs
0.54
Location Quotient
Southern Ohio nonmetropolitan area has 0.54x 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 0.54 indicates that Business and Financial Operations Occupations are less concentrated in Southern Ohio's nonmetropolitan area compared to the national average. This suggests that while the demand for these professionals exists, the market is not as competitive or saturated as in major metropolitan hubs, potentially offering unique opportunities for skilled individuals seeking a less crowded professional landscape.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Business and Financial Operations Occupations Salary | $72,960↓ 1% | 29 mi |
| Columbus, OH Business and Financial Operations Occupations Salary | $86,290↑ 17% | 32 mi |
| Springfield, OH Business and Financial Operations Occupations Salary | $70,130↓ 5% | 63 mi |
| Sandusky, OH Business and Financial Operations Occupations Salary | $77,990↑ 6% | 73 mi |
| Lima, OH Business and Financial Operations Occupations Salary | $76,460↑ 4% | 75 mi |
Comparing salaries near Southern Ohio nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southern Ohio nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southern Ohio nonmetropolitan area is $73,820. This typically ranges from $39,870 for entry-level positions to $111,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Ohio nonmetropolitan area is 22.0% lower than the national median of $94,590.
Is Southern Ohio nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national standards.While the average salary of $73,820 is substantial, it falls significantly below the national average of $94,590. However, the cost of living being at the national average means the purchasing power is comparable, though overall earning potential is lower.
Is Southern Ohio nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($72,960) and Columbus, OH.
How does the local workforce size impact job opportunities?
A workforce of 5,860 suggests a moderate-sized pool of professionals in this sector within the region. While not as large as in metropolitan areas, it indicates a stable presence and ongoing need for these roles.
What does a Location Quotient of 0.54 signify?
A Location Quotient of 0.54 means that Business and Financial Operations Occupations are less prevalent in Southern Ohio's nonmetropolitan area than the national average. This can imply fewer job openings but potentially less competition for those available.
How does the cost of living affect the $73,820 salary?
With a Cost of Living Index of 100, the $73,820 salary has the same purchasing power as the national average. This means that despite the lower nominal salary, the real value of income is on par with the national median.
Are there many jobs per capita for these roles in Southern Ohio?
With 36.329 jobs per 1,000 workers, the density of Business and Financial Operations roles is present but not exceptionally high, indicating a steady but not booming demand for these professionals 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 5,860 employees in the Southern Ohio nonmetropolitan area area with a job density of 36.329 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 Ohio nonmetropolitan area