Average Business and Financial Operations Occupations Salary in Staunton-Stuarts Draft, VA
In Staunton-Stuarts Draft, VA, professionals in Business and Financial Operations Occupations earn an average annual salary of $73,630. This figure is notably below the national average of $94,590, reflecting localized economic factors and industry demand specific to the region. The compensation reflects the unique market dynamics and the specific needs of businesses operating within this Virginia locale.
Executive Summary
- Average Salary: $73,630 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,200.
- Outlook: The Staunton-Stuarts Draft area supports a local workforce of 2,100 individuals in Business and Financial Operations. With a Location Quotient of 0.62, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence. The rate of 41.488 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment within this occupational group.
Salary Overview
The average Business and Financial Operations Occupations in Staunton-Stuarts Draft, VA earns-22.2%below the national average.
$35.4
$1,416
$6,136
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Staunton-Stuarts Draft is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have experienced growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and evolving industry standards, leading to incremental salary increases for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in Staunton-Stuarts Draft, VA
Salary progression within Business and Financial Operations Occupations in Staunton-Stuarts Draft, VA, is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles commanding higher salaries reflect accumulated expertise and responsibility. The percentile gaps between these levels signify clear career progression pathways 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) | $39,440 | $19 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,223 | $26.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,080 | $31.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,038 | $44.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,200 | $55.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,630
Gross Pay
Real Wage (Purchasing Power)
$73,630
Adjusted for COL (100)
The nominal average salary of $73,630 in Staunton-Stuarts Draft, VA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is comparable to the national average, suggesting that while the salary is lower than the national average, the cost of living does not exacerbate this difference significantly within the immediate area.
Job Market Context
2,100
Total Jobs
41.488
Per 1K Jobs
0.62
Location Quotient
Staunton-Stuarts Draft, VA has 0.62x 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 0.62 indicates that Business and Financial Operations Occupations are less concentrated in Staunton-Stuarts Draft, VA, compared to the national average. This suggests that the job market for these roles may be less saturated, potentially offering opportunities for skilled professionals, but also implying that the demand might not be as robust as in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Staunton-Stuarts Draft, VA?
The median annual salary for a Business and Financial Operations Occupations in Staunton-Stuarts Draft, VA is $73,630. This typically ranges from $39,440 for entry-level positions to $116,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Staunton-Stuarts Draft, VA is 22.2% lower than the national median of $94,590.
Is Staunton-Stuarts Draft, VA a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $73,630 is below the national average, although the cost of living is on par with the national average. This indicates a moderate earning potential within the local market.
Is Staunton-Stuarts Draft, VA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Staunton-Stuarts Draft, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Staunton-Stuarts Draft, VA?
Some top paying nearby cities include Harrisonburg, VA ($75,960) and Charlottesville, VA.
How does the Staunton-Stuarts Draft salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Staunton-Stuarts Draft, VA, is $73,630, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Staunton-Stuarts Draft, VA?
The concentration, measured by the Location Quotient, is 0.62, indicating that these occupations are less prevalent in Staunton-Stuarts Draft compared to the national average.
Does the cost of living affect the salary in Staunton-Stuarts Draft, VA?
The Cost of Living Index in Staunton-Stuarts Draft, VA, is 100, which is the national average. This means the lower nominal salary has a purchasing power equivalent to the national average.
How many people work in Business and Financial Operations in Staunton-Stuarts Draft, VA?
There are approximately 2,100 individuals employed in Business and Financial Operations Occupations within the Staunton-Stuarts Draft, VA, area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,100 employees in the Staunton-Stuarts Draft, VA area with a job density of 41.488 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 Staunton-Stuarts Draft, VA