Average Business and Financial Operations Occupations Salary in Tennessee
In Tennessee, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,980. This figure is notably below the national average of $94,590, reflecting the state's unique economic landscape and regional compensation trends. Factors such as the cost of living and the concentration of specific industries within Tennessee play a significant role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $79,980 per year.
- Growth Trend: Salaries have shifted 20.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $127,400.
- Outlook: Tennessee boasts a substantial workforce of 186,270 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.85, the concentration of these roles is slightly below the national average, indicating a stable yet not overly saturated market. The presence of nearly 57 jobs per 1,000 workers suggests a consistent demand for these essential financial and operational experts across the state.
Salary Overview
The average Business and Financial Operations Occupations in Tennessee earns-15.4%below the national average.
$38.5
$1,538
$6,665
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Tennessee have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is likely driven by increasing demand for financial expertise, evolving business needs, and the general economic expansion within the state, leading to higher compensation packages.
Business and Financial Operations Occupations Salary Distribution in Tennessee
Salary progression within Business and Financial Operations Occupations in Tennessee typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The widening gap between entry-level and senior-level salaries underscores the substantial career advancement and earning potential available.
| 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) | $59,985 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,810 | $34.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,975 | $48.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $127,400 | $61.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,980
Gross Pay
Real Wage (Purchasing Power)
$88,473
Adjusted for COL (90.4)
The average annual salary of $79,980 in Tennessee presents a compelling financial picture when considered against the state's Cost of Living Index of 90.4. This index is below the national average of 100, meaning that the purchasing power of $79,980 in Tennessee is greater than the same amount would be in a typical U.S. location, offering a potentially higher standard of living.
Job Market Context
186,270
Total Jobs
56.887
Per 1K Jobs
0.85
Location Quotient
Tennessee has 0.85x 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 0.85, the market for Business and Financial Operations Occupations in Tennessee is slightly less concentrated than the national average. This suggests that while these roles are well-represented and in demand, the job market may offer a good balance between available opportunities and competition, potentially providing a favorable environment for job seekers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Business and Financial Operations Occupations Salary | $83,380↑ 4% | 29 mi |
| Clarksville, TN-KY Business and Financial Operations Occupations Salary | $72,020↓ 10% | 67 mi |
| Huntsville, AL Business and Financial Operations Occupations Salary | $100,830↑ 26% | 73 mi |
| Decatur, AL Business and Financial Operations Occupations Salary | $78,930↓ 1% | 83 mi |
| Florence-Muscle Shoals, AL Business and Financial Operations Occupations Salary | $70,660↓ 12% | 84 mi |
Comparing salaries near Tennessee
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Tennessee?
The median annual salary for a Business and Financial Operations Occupations in Tennessee is $79,980. This typically ranges from $41,600 for entry-level positions to $127,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tennessee is 15.4% lower than the national median of $94,590.
Is Tennessee a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.While Tennessee offers a lower cost of living which enhances purchasing power, the average salary of $79,980 is below the national average of $94,590 for these roles.
Is Tennessee a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 90.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Tennessee?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($83,380) and Clarksville, TN-KY.
How does Tennessee's average salary compare to the national average for Business and Financial Operations Occupations?
The average annual salary in Tennessee for these occupations is $79,980, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Tennessee?
Tennessee has a Location Quotient of 0.85 for these roles, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Tennessee affect the salary?
Tennessee's Cost of Living Index is 90.4, which is below the national average. This means that the $79,980 salary in Tennessee has greater purchasing power than it would in a higher cost-of-living area.
What is the job density for Business and Financial Operations Occupations in Tennessee?
There are approximately 56.89 jobs per 1,000 workers in Business and Financial Operations Occupations in Tennessee.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 186,270 employees in the Tennessee area with a job density of 56.887 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 Tennessee