In the Sussex, Delaware nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,070. This figure falls below the national average of $94,590, reflecting the unique economic landscape and demand specific to this region. Localized economic factors and industry concentration significantly influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $79,070 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,620.
- Outlook: The Business and Financial Operations sector in the Sussex, Delaware nonmetropolitan area supports a workforce of 3,290 individuals. With a Location Quotient of 0.53, this indicates a lower concentration of these roles compared to the national average. While the absolute number of workers suggests a stable presence, the lower concentration implies that opportunities may be less abundant or specialized compared to more densely populated or industry-heavy regions.
Salary Overview
The average Business and Financial Operations Occupations in Sussex Delaware nonmetropolitan area earns-16.4%below the national average.
$38
$1,521
$6,589
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for the Sussex, Delaware nonmetropolitan area'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 specialized financial skills, and evolving business needs likely contribute to a gradual upward trajectory in compensation for these roles.
Business and Financial Operations Occupations Salary Distribution in Sussex Delaware nonmetropolitan area
Within the Business and Financial Operations field, salary progression is typically tied to experience and specialization. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with advanced degrees and a proven track record can command significantly higher salaries. The percentile gaps in earnings within this sector highlight the substantial career growth and earning potential available to those who advance their expertise and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,500 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,303 | $28.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,940 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,838 | $47.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,620 | $60.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,070
Gross Pay
Real Wage (Purchasing Power)
$79,070
Adjusted for COL (100)
The average annual salary of $79,070 in the Sussex, Delaware nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in Sussex is comparable to the national average. While the nominal salary is lower than the national average for this occupation, the equivalent cost of living suggests that the take-home pay may offer similar lifestyle affordability.
Job Market Context
3,290
Total Jobs
35.488
Per 1K Jobs
0.53
Location Quotient
Sussex Delaware nonmetropolitan area has 0.53x 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 0.53 for Business and Financial Operations Occupations in the Sussex, Delaware nonmetropolitan area signifies that these roles are less concentrated than the national average. This suggests a less competitive market in terms of the sheer number of available professionals relative to the national benchmark. While this might imply fewer job openings compared to major metropolitan hubs, it could also present unique opportunities for skilled individuals seeking to establish themselves in a less saturated environment.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Dover, DE Business and Financial Operations Occupations Salary | $77,890↓ 1% | 11 mi |
| Vineland, NJ Business and Financial Operations Occupations Salary | $84,130↑ 6% | 29 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Business and Financial Operations Occupations Salary | $96,000↑ 21% | 47 mi |
| Atlantic City-Hammonton, NJ Business and Financial Operations Occupations Salary | $85,780↑ 8% | 56 mi |
| Baltimore-Columbia-Towson, MD Business and Financial Operations Occupations Salary | $99,490↑ 26% | 59 mi |
Comparing salaries near Sussex Delaware nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Sussex Delaware nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Sussex Delaware nonmetropolitan area is $79,070. This typically ranges from $44,500 for entry-level positions to $125,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sussex Delaware nonmetropolitan area is 16.4% lower than the national median of $94,590.
Is Sussex Delaware nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $79,070 is notably lower than the national average of $94,590 for these roles. However, the cost of living is on par with the national average, mitigating some of the salary disparity in terms of purchasing power.
Is Sussex Delaware nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Sussex Delaware nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sussex Delaware nonmetropolitan area?
Some top paying nearby cities include Dover, DE ($77,890) and Vineland, NJ.
How does the Sussex, Delaware salary compare to the national average for Business and Financial Operations?
The average annual salary in Sussex, Delaware is $79,070, which is below the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Sussex, Delaware?
The concentration, measured by the Location Quotient, is 0.53, indicating that these jobs are less prevalent in Sussex compared to the national average.
How does the cost of living in Sussex, Delaware affect salary perception?
With a Cost of Living Index of 100, the same as the national average, the $79,070 salary in Sussex offers comparable purchasing power to a national average salary in a national average cost of living area.
What does the total workforce size suggest about the job market?
A total local workforce of 3,290 for these occupations suggests a moderate presence, but the lower Location Quotient indicates it's not a primary hub for this sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,290 employees in the Sussex Delaware nonmetropolitan area area with a job density of 35.488 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 Sussex Delaware nonmetropolitan area