Average Business and Financial Operations Occupations Salary in St. Cloud, MN
In St. Cloud, MN, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,800. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand in St. Cloud may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $82,800 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,730.
- Outlook: The St. Cloud market for Business and Financial Operations Occupations is moderately concentrated, with a Location Quotient of 0.74 indicating a slightly lower presence than the national average. The total local workforce of 5,110 suggests a stable, albeit not exceptionally large, pool of these professionals, implying a consistent but not rapidly expanding demand for their specialized skills within the region.
Salary Overview
The average Business and Financial Operations Occupations in St. Cloud, MN earns-12.5%below the national average.
$39.8
$1,592
$6,900
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for St. Cloud'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. Factors such as inflation, increased demand for financial expertise, and evolving business landscapes likely contribute to upward pressure on compensation for these roles.
Business and Financial Operations Occupations Salary Distribution in St. Cloud, MN
Within the Business and Financial Operations Occupations field in St. Cloud, salary progression is typically tied to experience and specialization. Entry-level positions may start at a lower percentile, while senior roles and those with specialized financial expertise can command significantly higher salaries, often reaching into the upper percentiles. These percentile gaps represent clear career advancement opportunities and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,670 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,100 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,860 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,500 | $49.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,730 | $58.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,800
Gross Pay
Real Wage (Purchasing Power)
$82,800
Adjusted for COL (100)
The average annual salary of $82,800 in St. Cloud aligns perfectly with the national average cost of living index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income in St. Cloud is equivalent to the national average, making it a financially neutral location in terms of cost of living relative to income.
Job Market Context
5,110
Total Jobs
49.348
Per 1K Jobs
0.74
Location Quotient
St. Cloud, MN has 0.74x 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 0.74, Business and Financial Operations Occupations are less concentrated in St. Cloud compared to the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a balanced competitive landscape for skilled professionals seeking roles in this sector within the region.
Nearby Job Markets
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Comparing salaries near St. Cloud, MN
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in St. Cloud, MN?
The median annual salary for a Business and Financial Operations Occupations in St. Cloud, MN is $82,800. This typically ranges from $49,670 for entry-level positions to $121,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Cloud, MN is 12.5% lower than the national median of $94,590.
Is St. Cloud, MN a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $82,800 is below the national average of $94,590, although the cost of living is on par with the national average.
Is St. Cloud, MN a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in St. Cloud, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Cloud, MN?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($74,780) and Southeast Minnesota nonmetropolitan area.
How does St. Cloud's salary compare to the national average for this field?
The average annual salary in St. Cloud is $82,800, which is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in St. Cloud?
The concentration, measured by the Location Quotient, is 0.74, indicating that these occupations are slightly less prevalent in St. Cloud than the national average.
How does the cost of living in St. Cloud affect the salary?
St. Cloud has a Cost of Living Index of 100, which is the national average. This means that the $82,800 salary has purchasing power equivalent to the national average, despite being lower than the national salary figure.
How many Business and Financial Operations professionals work in St. Cloud?
There are approximately 5,110 individuals employed in Business and Financial Operations Occupations within the St. Cloud workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,110 employees in the St. Cloud, MN area with a job density of 49.348 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 St. Cloud, MN