Average Business and Financial Operations Occupations Salary in St. Joseph, MO-KS
In St. Joseph, MO-KS, professionals in Business and Financial Operations Occupations earn an average annual salary of $75,350. This figure is notably below the national average of $94,590, reflecting regional economic factors and potentially a lower demand for highly specialized roles compared to larger metropolitan areas. The local market dynamics, including industry concentration and the overall economic landscape of St. Joseph, directly influence this compensation level.
Executive Summary
- Average Salary: $75,350 per year.
- Growth Trend: Salaries have shifted 20.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,870.
- Outlook: The St. Joseph, MO-KS market for Business and Financial Operations Occupations is characterized by a local workforce of 2,310 individuals. With a Location Quotient of 0.64, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence within the local economy. The number of jobs per 1,000 workers at 42.816 indicates a steady, albeit not exceptionally high, level of employment in these roles.
Salary Overview
The average Business and Financial Operations Occupations in St. Joseph, MO-KS earns-20.3%below the national average.
$36.2
$1,449
$6,279
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for St. Joseph's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation across most professional fields, including finance and business operations.
Business and Financial Operations Occupations Salary Distribution in St. Joseph, MO-KS
Within the Business and Financial Operations Occupations sector in St. Joseph, MO-KS, career progression significantly impacts earning potential. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more, often reaching the higher percentiles. The gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased remuneration.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,600 | $20 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,513 | $27.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,730 | $31.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,188 | $45.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,870 | $57.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,350
Gross Pay
Real Wage (Purchasing Power)
$75,350
Adjusted for COL (100)
The average annual salary of $75,350 in St. Joseph, MO-KS 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 that salary is equivalent to the national average. Therefore, the $75,350 earned locally offers a comparable standard of living to what $75,350 would provide elsewhere in the country, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
2,310
Total Jobs
42.816
Per 1K Jobs
0.64
Location Quotient
St. Joseph, MO-KS has 0.64x 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 0.64 for Business and Financial Operations Occupations in St. Joseph, MO-KS indicates that this sector is less concentrated locally compared to the national average. This suggests that while opportunities exist, the job market may not be as robust or competitive as in areas with a higher concentration of these roles. Employers may have a wider talent pool to choose from relative to the number of available positions, but the demand is steady.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Kansas City, MO-KS Business and Financial Operations Occupations Salary | $86,730↑ 15% | 47 mi |
| Lawrence, KS Business and Financial Operations Occupations Salary | $77,100↑ 2% | 60 mi |
| Topeka, KS Business and Financial Operations Occupations Salary | $78,190↑ 4% | 68 mi |
Comparing salaries near St. Joseph, MO-KS
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in St. Joseph, MO-KS?
The median annual salary for a Business and Financial Operations Occupations in St. Joseph, MO-KS is $75,350. This typically ranges from $41,600 for entry-level positions to $118,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Joseph, MO-KS is 20.3% lower than the national median of $94,590.
Is St. Joseph, MO-KS a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $75,350 is below the national average of $94,590, and the sector's concentration is lower than the national benchmark.
Is St. Joseph, MO-KS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in St. Joseph, MO-KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Joseph, MO-KS?
Some top paying nearby cities include Kansas City, MO-KS ($86,730) and Lawrence, KS.
How does the St. Joseph salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in St. Joseph, MO-KS is $75,350, which is significantly lower than the national average of $94,590.
What is the cost of living in St. Joseph, MO-KS?
St. Joseph, MO-KS has a Cost of Living Index of 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the United States.
How concentrated are Business and Financial Operations jobs in St. Joseph?
The Location Quotient of 0.64 indicates that Business and Financial Operations Occupations are less concentrated in St. Joseph compared to the national average, suggesting a moderate presence in the local job market.
What is the total workforce for these occupations in St. Joseph?
There are approximately 2,310 individuals employed in Business and Financial Operations Occupations in the St. Joseph, MO-KS area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,310 employees in the St. Joseph, MO-KS area with a job density of 42.816 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. Joseph, MO-KS