In Southwest Louisiana's nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,380. This figure stands notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to this locale. The lower average salary is often influenced by the unique economic landscape and the specific needs of businesses operating within this nonmetropolitan setting.
Executive Summary
- Average Salary: $69,380 per year.
- Growth Trend: Salaries have shifted 20.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $112,000.
- Outlook: The Business and Financial Operations sector in Southwest Louisiana's nonmetropolitan area comprises a workforce of 2,560 individuals. With a Location Quotient of 0.48, the concentration of these roles is less than half the national average, suggesting a specialized but potentially less saturated market. The presence of nearly 32 jobs per 1,000 workers indicates a steady, albeit not overwhelmingly high, demand for these critical operational functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Southwest Louisiana nonmetropolitan area earns-26.7%below the national average.
$33.4
$1,334
$5,782
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 gradual growth over the past four years, mirroring national trends. Economic development initiatives and evolving business needs within the region likely contribute to a steady, if modest, upward trajectory in compensation for these essential positions.
Business and Financial Operations Occupations Salary Distribution in Southwest Louisiana nonmetropolitan area
Within the Business and Financial Operations field, salary progression is typically tied to experience and specialization. Entry-level positions will command lower salaries, while seasoned professionals with expertise in areas like financial analysis, accounting, or strategic planning can expect significantly higher earnings. The percentile gaps in salary distribution highlight the substantial career growth potential and the rewards for acquiring advanced skills and a proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,400 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,035 | $25 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,280 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,725 | $41.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $112,000 | $53.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,380
Gross Pay
Real Wage (Purchasing Power)
$69,380
Adjusted for COL (100)
The nominal average salary of $69,380 in Southwest Louisiana's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary is equivalent to the national standard. Therefore, relocating to this area for these roles does not present a disadvantage in terms of cost of living relative to income.
Job Market Context
2,560
Total Jobs
31.963
Per 1K Jobs
0.48
Location Quotient
At 0.48x, Southwest Louisiana 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 0.48 indicates that Business and Financial Operations Occupations are less concentrated in Southwest Louisiana's nonmetropolitan area compared to the national average. This suggests that while these roles are present and necessary, the market is not saturated with professionals in this field. Consequently, individuals with relevant skills may find a more specialized, less competitive environment, potentially offering unique opportunities for those who fit the local industry demands.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Business and Financial Operations Occupations Salary | $70,580↑ 2% | 37 mi |
| Baton Rouge, LA Business and Financial Operations Occupations Salary | $76,080↑ 10% | 67 mi |
| Lafayette, LA Business and Financial Operations Occupations Salary | $71,740↑ 3% | 67 mi |
| Monroe, LA Business and Financial Operations Occupations Salary | $68,520↓ 1% | 94 mi |
| Hammond, LA Business and Financial Operations Occupations Salary | $68,420↓ 1% | 95 mi |
Comparing salaries near Southwest Louisiana nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest Louisiana nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest Louisiana nonmetropolitan area is $69,380. This typically ranges from $34,400 for entry-level positions to $112,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Louisiana nonmetropolitan area is 26.7% lower than the national median of $94,590.
Is Southwest Louisiana nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, but it offers equivalent purchasing power.The average salary of $69,380 is significantly lower than the national average. However, with a Cost of Living Index of 100, the purchasing power of this salary is on par with the national average.
Is Southwest Louisiana nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($70,580) and Baton Rouge, LA.
How does the local workforce size impact job opportunities?
A local workforce of 2,560 in Business and Financial Operations suggests a stable, established presence of these roles, providing consistent, though not rapidly expanding, employment opportunities within the region.
What does a Location Quotient of 0.48 signify?
A Location Quotient of 0.48 means that Business and Financial Operations roles are less prevalent in Southwest Louisiana compared to the national average, indicating a niche market rather than a widespread industry concentration.
How does the cost of living affect the $69,380 salary?
With a Cost of Living Index of 100, the $69,380 salary offers the same purchasing power as the national average salary of $94,590, meaning expenses are comparable nationwide.
Are there many jobs per 1,000 workers in this field locally?
With 31.963 jobs per 1,000 workers, there is a moderate level of employment for Business and Financial Operations professionals, indicating steady demand within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,560 employees in the Southwest Louisiana nonmetropolitan area area with a job density of 31.963 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 Louisiana nonmetropolitan area