Average Business and Financial Operations Occupations Salary in Texarkana, TX-AR
In Texarkana, TX-AR, professionals in Business and Financial Operations Occupations earn an average annual salary of $69,880. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region. The specific economic landscape and the concentration of these roles in Texarkana contribute to this pay differential.
Executive Summary
- Average Salary: $69,880 per year.
- Growth Trend: Salaries have shifted 3.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,880.
- Outlook: The Business and Financial Operations sector in Texarkana, TX-AR, comprises a local workforce of 2,110 individuals. With a Location Quotient of 0.55, these occupations are less concentrated than the national average, indicating a potentially moderate demand relative to the broader job market. The presence of over 2,000 professionals suggests a stable, albeit not dominant, presence of these critical roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Texarkana, TX-AR earns-26.1%below the national average.
$33.6
$1,344
$5,823
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Texarkana's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry needs typically drive incremental increases in compensation for skilled professionals in finance and business operations across most U.S. markets.
Business and Financial Operations Occupations Salary Distribution in Texarkana, TX-AR
Salary progression within Business and Financial Operations Occupations in Texarkana, TX-AR, is typically tied to experience and specialization. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior roles, such as financial managers or senior analysts, can see significantly higher earnings. The percentile gaps between junior and senior roles underscore the substantial career growth and earning potential available with increased expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,810 | $17.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,410 | $25.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,660 | $31.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,350 | $42 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,880 | $50.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$69,880
Gross Pay
Real Wage (Purchasing Power)
$69,880
Adjusted for COL (100)
The average annual salary of $69,880 in Texarkana, TX-AR, aligns directly 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 standard, making relocation financially neutral in terms of day-to-day expenses. While the nominal salary is lower than the national average, the stable cost of living ensures that the effective value of the income remains comparable.
Job Market Context
2,110
Total Jobs
36.673
Per 1K Jobs
0.55
Location Quotient
Texarkana, TX-AR has 0.55x 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 0.55, Business and Financial Operations Occupations are less prevalent in Texarkana, TX-AR, compared to the national average. This suggests that the job market for these roles may be less saturated, potentially offering unique opportunities for skilled professionals. However, it also implies that the overall demand might be lower than in more concentrated metropolitan areas, requiring a strategic approach for job seekers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Shreveport-Bossier City, LA Business and Financial Operations Occupations Salary | $76,010↑ 9% | 70 mi |
| Longview, TX Business and Financial Operations Occupations Salary | $72,590↑ 4% | 75 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↓ 5% | 93 mi |
Comparing salaries near Texarkana, TX-AR
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Texarkana, TX-AR?
The median annual salary for a Business and Financial Operations Occupations in Texarkana, TX-AR is $69,880. This typically ranges from $36,810 for entry-level positions to $105,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texarkana, TX-AR is 26.1% lower than the national median of $94,590.
Is Texarkana, TX-AR a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $69,880 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Texarkana, TX-AR a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Texarkana, TX-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Texarkana, TX-AR?
Some top paying nearby cities include Shreveport-Bossier City, LA ($76,010) and Longview, TX.
How does Texarkana's salary for these roles compare to other Texas cities?
While specific data for other Texas cities isn't provided, the national average salary of $94,590 suggests that larger Texas metropolitan areas likely offer higher compensation for Business and Financial Operations roles.
What is the job outlook for Business and Financial Operations in Texarkana?
The Location Quotient of 0.55 indicates these roles are less concentrated than the national average, suggesting a stable but potentially less robust job market compared to national trends.
Does experience significantly impact salary in Texarkana?
Yes, as in most markets, experience is a key driver for salary increases, with senior positions commanding substantially higher earnings than entry-level roles.
Is Texarkana a good place to live for financial professionals?
Texarkana offers a cost of living on par with the national average, making the $69,880 salary provide standard purchasing power. The career opportunities, however, are less concentrated than in major economic hubs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,110 employees in the Texarkana, TX-AR area with a job density of 36.673 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Texarkana, TX-AR
- All Occupations Salary in Texarkana, TX-AR
- Office and Administrative Support Occupations Salary in Texarkana, TX-AR
- Food Preparation and Serving Related Occupations Salary in Texarkana, TX-AR
- Transportation and Material Moving Occupations Salary in Texarkana, TX-AR
- Sales and Related Occupations Salary in Texarkana, TX-AR
- Production Occupations Salary in Texarkana, TX-AR
- Healthcare Practitioners and Technical Occupations Salary in Texarkana, TX-AR
- Educational Instruction and Library Occupations Salary in Texarkana, TX-AR
- Management Occupations Salary in Texarkana, TX-AR
- Installation, Maintenance, and Repair Occupations Salary in Texarkana, TX-AR
- Browse All Jobs in Texarkana, TX-AR →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Texarkana, TX-AR