In the Southwest New York nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,710. 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.
Executive Summary
- Average Salary: $83,710 per year.
- Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,070.
- Outlook: The Business and Financial Operations sector in Southwest New York comprises a workforce of 7,300 individuals, with a jobs-per-1,000-workers ratio of 41.074. The location quotient of 0.61 indicates that this sector is less concentrated here than the national average, suggesting a moderate but not dominant presence within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Southwest New York nonmetropolitan area earns-11.5%below the national average.
$40.3
$1,610
$6,976
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations roles have seen incremental growth over the past four years, mirroring broader economic trends and inflation adjustments. This steady, albeit potentially modest, upward trajectory is typical for established professional fields.
Business and Financial Operations Occupations Salary Distribution in Southwest New York nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience. Entry-level positions typically command salaries at the lower percentiles, while seasoned professionals with specialized skills and extensive experience can reach the upper percentiles, often exceeding $100,000 annually. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,720 | $20.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,783 | $30.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,430 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,638 | $50.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,070 | $65.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,710
Gross Pay
Real Wage (Purchasing Power)
$83,710
Adjusted for COL (100)
The average annual salary of $83,710 in Southwest New York 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 standard, offering a balanced financial landscape for residents.
Job Market Context
7,300
Total Jobs
41.074
Per 1K Jobs
0.61
Location Quotient
Southwest New York nonmetropolitan area has 0.61x 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 0.61, the Business and Financial Operations sector in Southwest New York is less concentrated than the national average. This suggests that while opportunities exist, the market may be less competitive and potentially offer more room for specialized talent to establish themselves compared to highly saturated metropolitan areas.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Business and Financial Operations Occupations Salary | $87,570↑ 5% | 49 mi |
| Kingston, NY Business and Financial Operations Occupations Salary | $83,410↓ 0% | 51 mi |
| Scranton--Wilkes-Barre, PA Business and Financial Operations Occupations Salary | $76,270↓ 9% | 64 mi |
| Utica-Rome, NY Business and Financial Operations Occupations Salary | $81,990↓ 2% | 66 mi |
| Albany-Schenectady-Troy, NY Business and Financial Operations Occupations Salary | $89,050↑ 6% | 68 mi |
Comparing salaries near Southwest New York nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest New York nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest New York nonmetropolitan area is $83,710. This typically ranges from $41,720 for entry-level positions to $136,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest New York nonmetropolitan area is 11.5% lower than the national median of $94,590.
Is Southwest New York nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $83,710 is below the national average, and the lower location quotient indicates less industry concentration. However, the cost of living is on par with the national average, making the nominal salary's purchasing power standard.
Is Southwest New York nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($87,570) and Kingston, NY.
How does the total workforce size impact job availability?
A total workforce of 7,300 in Business and Financial Operations suggests a stable, albeit not massive, job market. The number of jobs per 1,000 workers (41.074) provides a better indicator of sector density relative to the overall local economy.
What does a Location Quotient of 0.61 mean for job seekers?
A location quotient below 1.0, like 0.61, indicates that this occupation is less prevalent in Southwest New York compared to the rest of the United States. This could mean fewer job openings but potentially less competition for specialized roles.
How does the Cost of Living Index affect the real value of the salary?
With a Cost of Living Index of 100, the $83,710 salary has the same purchasing power as the national average. This means that while the nominal salary is lower than the national average, the cost of essential goods and services is comparable.
Are there significant salary differences based on experience in this region?
Yes, as in most regions, experience plays a crucial role. Entry-level positions will likely be at the lower end of the salary spectrum, while senior roles requiring specialized expertise and a proven track record will command higher compensation, reflecting typical career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,300 employees in the Southwest New York nonmetropolitan area area with a job density of 41.074 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 New York nonmetropolitan area