In the Southwest Maine nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,320. This figure is notably below the national average of $94,590, suggesting that regional economic factors and industry concentration play a significant role in compensation within this locale. The specific economic landscape of Southwest Maine influences the demand and subsequent pay rates for these critical roles.
Executive Summary
- Average Salary: $79,320 per year.
- Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,500.
- Outlook: The local workforce for Business and Financial Operations Occupations comprises 6,720 individuals, representing 47.377 jobs per 1,000 workers. While the total workforce size indicates a substantial presence, the Location Quotient of 0.71 suggests that this sector is less concentrated in Southwest Maine compared to the national average. This implies a moderate but not overwhelmingly dominant demand for these professionals within the region's economy.
Salary Overview
The average Business and Financial Operations Occupations in Southwest Maine nonmetropolitan area earns-16.1%below the national average.
$38.1
$1,525
$6,610
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this region is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced consistent growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive upward pressure on compensation, even in nonmetropolitan areas, as companies compete for skilled talent.
Business and Financial Operations Occupations Salary Distribution in Southwest Maine nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is typically tied to experience and specialization. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher salaries. The percentile gaps between entry-level and senior roles highlight the substantial career growth and earning potential available to dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,840 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,490 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,090 | $33.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,150 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,500 | $58.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,320
Gross Pay
Real Wage (Purchasing Power)
$79,320
Adjusted for COL (100)
The nominal average annual salary of $79,320 in Southwest Maine aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is comparable to the national average. Therefore, the $79,320 salary offers a standard cost of living experience relative to the rest of the country.
Job Market Context
6,720
Total Jobs
47.377
Per 1K Jobs
0.71
Location Quotient
Southwest Maine nonmetropolitan area has 0.71x 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 0.71, the Business and Financial Operations Occupations sector in Southwest Maine is less concentrated than the national average. This indicates that while these roles are present and necessary, the market is not saturated, and there may be opportunities for skilled professionals. The lower concentration suggests a potentially less competitive, but still active, job market for these positions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Business and Financial Operations Occupations Salary | $77,010↓ 3% | 31 mi |
| Lewiston-Auburn, ME Business and Financial Operations Occupations Salary | $76,130↓ 4% | 57 mi |
| Portland-South Portland, ME Business and Financial Operations Occupations Salary | $89,230↑ 12% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest Maine nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest Maine nonmetropolitan area is $79,320. This typically ranges from $47,840 for entry-level positions to $121,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 16.1% lower than the national median of $94,590.
Is Southwest Maine nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $79,320 is below the national average, and the sector's concentration (Location Quotient of 0.71) is also lower than the national benchmark.
Is Southwest Maine nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($77,010) and Lewiston-Auburn, ME.
How does the cost of living in Southwest Maine compare to the national average?
The Cost of Living Index in Southwest Maine is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What is the total number of people employed in Business and Financial Operations in Southwest Maine?
There are 6,720 individuals employed in Business and Financial Operations Occupations within the Southwest Maine nonmetropolitan area.
Does the Location Quotient indicate a strong presence of these jobs in the area?
A Location Quotient of 0.71 suggests that Business and Financial Operations Occupations are present but less concentrated in Southwest Maine compared to the national average, indicating a moderate presence.
How many Business and Financial Operations jobs are there per 1,000 workers in Southwest Maine?
There are approximately 47.377 jobs per 1,000 workers in Business and Financial Operations Occupations in the Southwest Maine 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 6,720 employees in the Southwest Maine nonmetropolitan area area with a job density of 47.377 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 Maine nonmetropolitan area