Average Business and Financial Operations Occupations Salary in State College, PA
In State College, PA, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,320. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business in the region influence compensation levels. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.
Executive Summary
- Average Salary: $79,320 per year.
- Growth Trend: Salaries have shifted 11.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $113,030.
- Outlook: State College, PA supports a local workforce of 3,720 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.81, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally dense job market. The presence of 54.044 jobs per 1,000 workers suggests a consistent demand for these skills within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in State College, PA earns-16.1%below the national average.
$38.1
$1,525
$6,610
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for State College'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 trends. Factors such as inflation, increased demand for specialized financial skills, and the overall economic health of the region likely contributed to incremental increases in average compensation, though potentially at a slower pace than in more densely populated or high-growth metropolitan areas.
Business and Financial Operations Occupations Salary Distribution in State College, PA
Within the Business and Financial Operations Occupations sector in State College, PA, salary progression is typically tied to experience and specialization. Entry-level positions might start significantly below the $79,320 average, while senior roles, those requiring advanced degrees, or specialized expertise in areas like financial analysis or strategic planning, can command salaries well above this benchmark. The percentile gaps in earnings clearly signify opportunities for career advancement and increased earning potential for dedicated professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,700 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,490 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,810 | $33.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,150 | $47.7 |
| 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
$79,320
Gross Pay
Real Wage (Purchasing Power)
$79,320
Adjusted for COL (100)
The average annual salary of $79,320 in State College, PA aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering no significant advantage or disadvantage in terms of affordability compared to the rest of the country. Residents can expect their income to cover typical expenses at a standard rate.
Job Market Context
3,720
Total Jobs
54.044
Per 1K Jobs
0.81
Location Quotient
State College, PA has 0.81x 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 0.81 for Business and Financial Operations Occupations in State College, PA indicates that this sector is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the market may not be saturated, potentially offering opportunities for skilled professionals. However, it also implies that the sheer volume of available positions might be lower compared to national hubs, requiring a targeted approach for job seekers.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in State College, PA?
The median annual salary for a Business and Financial Operations Occupations in State College, PA is $79,320. This typically ranges from $42,700 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 State College, PA is 16.1% lower than the national median of $94,590.
Is State College, PA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $79,320 is below the national average of $94,590, although the cost of living is on par with the national average.
Is State College, PA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in State College, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near State College, PA?
Some top paying nearby cities include Altoona, PA ($74,010) and Northwestern Pennsylvania nonmetropolitan area.
What is the average salary for Business and Financial Operations Occupations in State College, PA?
The average annual salary for Business and Financial Operations Occupations in State College, PA is $79,320.
How does the State College, PA salary compare to the national average?
The average salary in State College, PA ($79,320) is lower than the national average salary of $94,590 for these occupations.
What is the Cost of Living Index in State College, PA?
The Cost of Living Index in State College, PA is 100, which is the national average.
How concentrated are Business and Financial Operations Occupations in State College, PA compared to the nation?
The concentration of these occupations in State College, PA, indicated by a Location Quotient of 0.81, is slightly below 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 3,720 employees in the State College, PA area with a job density of 54.044 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 State College, PA