Average Business and Financial Operations Occupations Salary in Springfield, MO
In Springfield, MO, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,840. This figure is notably below the national average of $94,590, reflecting local economic conditions and industry demand specific to the Springfield area. Factors such as the regional economic structure and the prevalence of certain business sectors influence this localized pay scale.
Executive Summary
- Average Salary: $71,840 per year.
- Growth Trend: Salaries have shifted 17.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,030.
- Outlook: Springfield, MO supports a substantial workforce of 10,670 individuals within Business and Financial Operations Occupations. While the Location Quotient of 0.72 suggests a slightly lower concentration compared to the national average, the presence of nearly 48 jobs per 1,000 workers indicates a consistent demand for these roles within the local economy. This robust workforce size, coupled with steady job availability, points to a stable, albeit not hyper-concentrated, job market.
Salary Overview
The average Business and Financial Operations Occupations in Springfield, MO earns-24.1%below the national average.
$34.5
$1,382
$5,987
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Springfield's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Inflationary pressures and increasing demand for skilled financial professionals typically drive upward adjustments in compensation across most markets, including Springfield.
Business and Financial Operations Occupations Salary Distribution in Springfield, MO
Salary progression within Business and Financial Operations Occupations in Springfield, MO, is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while mid-career and senior-level roles, requiring advanced skills and proven track records, see substantial increases. The widening gap between the lower and upper salary percentiles clearly signifies robust career advancement opportunities and the associated earning potential for experienced professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,730 | $19.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,880 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,370 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,800 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $113,030 | $54.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,840
Gross Pay
Real Wage (Purchasing Power)
$71,840
Adjusted for COL (100)
The average annual salary of $71,840 in Springfield, MO, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Springfield salary is equivalent to the national average, making the nominal salary figure a fair representation of living expenses. Residents can expect their income to cover typical costs of housing, goods, and services at a rate comparable to the rest of the country.
Job Market Context
10,670
Total Jobs
48.045
Per 1K Jobs
0.72
Location Quotient
Springfield, MO has 0.72x 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 0.72, Business and Financial Operations Occupations are present in Springfield, MO, but at a slightly lower concentration than the national average. This suggests that while the job market is active and provides opportunities, it may not be as saturated or specialized as in larger metropolitan areas. Professionals might find a balance between competition and availability, with potential for growth as the local economy evolves.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Business and Financial Operations Occupations Salary | $71,170↓ 1% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Business and Financial Operations Occupations Salary | $86,720↑ 21% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Springfield, MO?
The median annual salary for a Business and Financial Operations Occupations in Springfield, MO is $71,840. This typically ranges from $39,730 for entry-level positions to $113,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 24.1% lower than the national median of $94,590.
Is Springfield, MO a lucrative place for Business and Financial Operations Occupationss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $71,840 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Springfield, MO a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($71,170) and Fayetteville-Springdale-Rogers, AR.
What is the average salary for Business and Financial Operations in Springfield, MO?
The average annual salary for Business and Financial Operations Occupations in Springfield, MO is $71,840.
How does Springfield's salary compare to the national average?
The average salary in Springfield ($71,840) is lower than the national average ($94,590) for these roles.
What is the Cost of Living Index in Springfield, MO?
Springfield, MO has a Cost of Living Index of 100, which is the national average.
How concentrated are Business and Financial Operations jobs in Springfield?
The concentration, measured by the Location Quotient, is 0.72, indicating a slightly lower presence compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,670 employees in the Springfield, MO area with a job density of 48.045 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 Springfield, MO