Average Business and Financial Operations Occupations Salary in St. Louis, MO-IL
In St. Louis, MO-IL, professionals in Business and Financial Operations Occupations earn an average annual salary of $87,660. This figure is slightly below the national average of $94,590, a common occurrence in metropolitan areas where local economic factors and industry concentrations can influence compensation levels. The specific dynamics of the St. Louis market play a significant role in shaping these earnings.
Executive Summary
- Average Salary: $87,660 per year.
- Growth Trend: Salaries have shifted 12.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,620.
- Outlook: The St. Louis, MO-IL area boasts a substantial workforce of 88,070 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.98, the concentration of these roles in St. Louis is nearly on par with the national average, indicating a stable and well-established presence. The rate of 65.74 jobs per 1,000 workers further underscores the consistent demand and integration of these vital functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in St. Louis, MO-IL earns-7.3%below the national average.
$42.2
$1,686
$7,305
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for St. Louis is not provided, it is reasonable to assume that Business and Financial Operations Occupations in the region have experienced salary growth over the past four years, mirroring national trends. Economic expansion, increased demand for financial expertise, and inflation typically drive upward adjustments in compensation for these roles, suggesting a positive trajectory for earning potential.
Business and Financial Operations Occupations Salary Distribution in St. Louis, MO-IL
Salary progression within Business and Financial Operations Occupations in St. Louis, MO-IL is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with advanced skills and leadership responsibilities can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries reflects the increasing value placed on expertise, strategic insight, and proven performance in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,680 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,745 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,600 | $37.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,575 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,620 | $64.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$87,660
Gross Pay
Real Wage (Purchasing Power)
$87,660
Adjusted for COL (100)
The average annual salary of $87,660 in St. Louis, MO-IL aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a balanced financial landscape for residents. While not offering a premium in terms of cost of living advantage, it provides a stable foundation for financial well-being.
Job Market Context
88,070
Total Jobs
65.74
Per 1K Jobs
0.98
Location Quotient
St. Louis, MO-IL has 0.98x 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 0.98, the St. Louis, MO-IL market for Business and Financial Operations Occupations is highly representative of the national landscape. This near-average concentration suggests a competitive yet accessible job market, where opportunities are readily available without being overwhelmingly saturated. Professionals can expect a balanced environment with consistent demand for their skills.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Springfield, IL Business and Financial Operations Occupations Salary | $85,120↓ 3% | 84 mi |
| Cape Girardeau, MO-IL Business and Financial Operations Occupations Salary | $70,130↓ 20% | 97 mi |
Comparing salaries near St. Louis, MO-IL
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in St. Louis, MO-IL?
The median annual salary for a Business and Financial Operations Occupations in St. Louis, MO-IL is $87,660. This typically ranges from $46,680 for entry-level positions to $134,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Louis, MO-IL is 7.3% lower than the national median of $94,590.
Is St. Louis, MO-IL a lucrative place for Business and Financial Operations Occupationss?
Yes, it offers competitive compensation relative to its cost of living.The average salary of $87,660 is strong, especially when matched with a Cost of Living Index of 100, indicating good purchasing power.
Is St. Louis, MO-IL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in St. Louis, MO-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Louis, MO-IL?
Some top paying nearby cities include Springfield, IL ($85,120) and Cape Girardeau, MO-IL.
How does St. Louis compare to the national average for these roles?
The average salary in St. Louis ($87,660) is slightly lower than the national average ($94,590), but the cost of living is also at the national average, making the effective purchasing power comparable.
Is there high demand for Business and Financial Operations professionals in St. Louis?
Yes, the presence of 65.74 jobs per 1,000 workers and a Location Quotient of 0.98 indicate a robust and stable demand for these professionals within the local economy.
What is the significance of the Location Quotient (LQ) of 0.98?
An LQ of 0.98 signifies that the concentration of Business and Financial Operations Occupations in St. Louis is very close to the national average, suggesting a well-established and balanced job market for these roles.
How does experience affect salary in St. Louis for these roles?
Experience significantly impacts earning potential, with entry-level positions offering lower salaries and senior roles commanding substantially higher compensation, reflecting a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 88,070 employees in the St. Louis, MO-IL area with a job density of 65.74 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. Louis, MO-IL