In the Southwest Oklahoma nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,130. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and potentially lower demand for these specialized roles outside of major metropolitan hubs. The specific economic drivers and industry concentrations within this region contribute to this salary differential.
Executive Summary
- Average Salary: $78,130 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,970.
- Outlook: The job market for Business and Financial Operations Occupations in Southwest Oklahoma is characterized by a local workforce of 2,570 individuals. With a Location Quotient of 0.61, these roles are less concentrated than the national average, suggesting a smaller but potentially stable demand. The presence of 41.22 jobs per 1,000 workers indicates a moderate level of employment within this sector in the region.
Salary Overview
The average Business and Financial Operations Occupations in Southwest Oklahoma nonmetropolitan area earns-17.4%below the national average.
$37.6
$1,503
$6,511
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 in Southwest Oklahoma have experienced gradual growth over the past four years, mirroring national trends. This growth is likely driven by inflation, increasing demand for financial expertise, and the need for skilled professionals to manage business operations effectively, even in less urbanized settings.
Business and Financial Operations Occupations Salary Distribution in Southwest Oklahoma nonmetropolitan area
Career progression within Business and Financial Operations Occupations typically leads to significant salary increases. Entry-level positions may start closer to the lower end of the pay scale, while senior roles requiring extensive experience, specialized certifications, and leadership capabilities can command substantially higher compensation. The percentile gaps in salary distributions clearly signify the career trajectory and earning potential as professionals advance through various levels of responsibility and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,770 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,598 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,380 | $34.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,663 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,970 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,130
Gross Pay
Real Wage (Purchasing Power)
$78,130
Adjusted for COL (100)
The nominal average salary of $78,130 in Southwest Oklahoma aligns perfectly with the national average Cost of Living Index of 100. This means that while the absolute salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average. Therefore, the lower salary does not necessarily translate to a reduced standard of living in this specific region.
Job Market Context
2,570
Total Jobs
41.22
Per 1K Jobs
0.61
Location Quotient
Southwest Oklahoma 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.
A Location Quotient of 0.61 indicates that Business and Financial Operations Occupations are less prevalent in the Southwest Oklahoma nonmetropolitan area compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals, but it also implies that the demand for these roles might be more specialized or limited compared to more densely populated areas. Employers may find a smaller pool of candidates, potentially leading to different hiring dynamics.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Business and Financial Operations Occupations Salary | $80,330↑ 3% | 34 mi |
| Tulsa, OK Business and Financial Operations Occupations Salary | $79,630↑ 2% | 69 mi |
| Enid, OK Business and Financial Operations Occupations Salary | $73,120↓ 6% | 78 mi |
Comparing salaries near Southwest Oklahoma nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Southwest Oklahoma nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Southwest Oklahoma nonmetropolitan area is $78,130. This typically ranges from $36,770 for entry-level positions to $126,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Oklahoma nonmetropolitan area is 17.4% lower than the national median of $94,590.
Is Southwest Oklahoma nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national averages.The average salary of $78,130 is significantly lower than the national average of $94,590, indicating less lucrative compensation. However, the cost of living being at the national average means the purchasing power is equivalent, mitigating the impact of the lower nominal wage.
Is Southwest Oklahoma nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Southwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($80,330) and Tulsa, OK.
How does the local workforce size impact job opportunities?
A local workforce of 2,570 for these occupations suggests a smaller talent pool, which could mean less competition for available jobs but also potentially fewer openings compared to larger metropolitan areas.
What does a Location Quotient of 0.61 signify?
A Location Quotient of 0.61 means that Business and Financial Operations Occupations are 39% less concentrated in Southwest Oklahoma than the national average, indicating a niche market for these roles.
How does the Cost of Living Index affect the salary perception?
With a Cost of Living Index of 100, the $78,130 salary has the same purchasing power as the national average salary, meaning the lower nominal wage is offset by lower living expenses relative to the national average.
Are there many Business and Financial Operations jobs per 1,000 workers in this area?
There are 41.22 jobs per 1,000 workers, which represents a moderate level of employment for these occupations within the Southwest Oklahoma nonmetropolitan area's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,570 employees in the Southwest Oklahoma nonmetropolitan area area with a job density of 41.22 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 Oklahoma nonmetropolitan area