In the Southwest Alabama nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,560. This figure is notably lower than the national average of $94,590, reflecting regional economic factors and industry concentration. The specific pay scales in this area are influenced by local market demand and the overall economic landscape of nonmetropolitan regions.
Executive Summary
- Average Salary: $71,560 per year.
- Growth Trend: Salaries have shifted 16.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,600.
- Outlook: The job market for Business and Financial Operations Occupations in Southwest Alabama is characterized by a local workforce of 1,930 individuals. With a Location Quotient of 0.45, this sector is less concentrated than the national average, suggesting a potentially smaller but stable demand. The presence of nearly 30 jobs per 1,000 workers indicates a consistent, albeit not dominant, need for these professionals within the region's economy.
Salary Overview
The average Business and Financial Operations Occupations in Southwest Alabama nonmetropolitan area earns-24.3%below the national average.
$34.4
$1,376
$5,963
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 Occupations have seen gradual growth over the past four years, mirroring national trends. Economic development and the increasing reliance on financial expertise across industries typically drive incremental salary increases, even in nonmetropolitan settings.
Business and Financial Operations Occupations Salary Distribution in Southwest Alabama nonmetropolitan area
Salary progression for Business and Financial Operations roles typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command substantially higher compensation. The percentile gaps in salary distribution within this occupation group signify clear career progression pathways 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) | $36,530 | $17.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,670 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,890 | $29.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,450 | $43 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,600 | $55.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,560
Gross Pay
Real Wage (Purchasing Power)
$71,560
Adjusted for COL (100)
The nominal average annual salary of $71,560 in Southwest Alabama nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is below the national average, the purchasing power of that income is equivalent to the national average, making the effective financial standing comparable to the national median.
Job Market Context
1,930
Total Jobs
29.929
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Southwest Alabama 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 0.45 for Business and Financial Operations Occupations in Southwest Alabama indicates that this sector is less concentrated in the region compared to the national average. This suggests that while there is a presence of these roles, the market is not saturated, and professionals may find a less competitive, though potentially more specialized, job landscape.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Business and Financial Operations Occupations Salary | $77,550↑ 8% | 44 mi |
| Birmingham, AL Business and Financial Operations Occupations Salary | $82,260↑ 15% | 50 mi |
| Tuscaloosa, AL Business and Financial Operations Occupations Salary | $78,230↑ 9% | 52 mi |
| Auburn-Opelika, AL Business and Financial Operations Occupations Salary | $72,450↑ 1% | 77 mi |
| Anniston-Oxford, AL Business and Financial Operations Occupations Salary | $73,170↑ 2% | 82 mi |
Comparing salaries near Southwest Alabama nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest Alabama nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest Alabama nonmetropolitan area is $71,560. This typically ranges from $36,530 for entry-level positions to $115,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Alabama nonmetropolitan area is 24.3% lower than the national median of $94,590.
Is Southwest Alabama nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $71,560 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Southwest Alabama nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($77,550) and Birmingham, AL.
How does the local workforce size impact job opportunities?
A local workforce of 1,930 for Business and Financial Operations Occupations suggests a moderate-sized talent pool. While not as large as metropolitan areas, it indicates a stable presence of these roles within the regional economy.
What does a Location Quotient of 0.45 signify?
A Location Quotient of 0.45 means that Business and Financial Operations Occupations are less concentrated in Southwest Alabama compared to the rest of the United States. This implies fewer job opportunities relative to the national average.
How does the Cost of Living affect the salary?
With a Cost of Living Index of 100, the national average, the $71,560 salary offers purchasing power equivalent to the national average. This offsets the lower nominal salary to some extent.
Are there many Business and Financial Operations jobs per 1,000 workers?
There are approximately 29.93 jobs per 1,000 workers in this sector, indicating a steady, though not exceptionally high, demand for these professionals in the Southwest 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 1,930 employees in the Southwest Alabama nonmetropolitan area area with a job density of 29.929 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 Southwest Alabama nonmetropolitan area