Average Business and Financial Operations Occupations Salary in Toledo, OH
In Toledo, OH, professionals in Business and Financial Operations Occupations earn an average annual salary of $80,450. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the Toledo metropolitan area. Local market dynamics, including the concentration of specific industries and the overall economic health of the region, play a significant role in shaping compensation levels for these vital roles.
Executive Summary
- Average Salary: $80,450 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,520.
- Outlook: The Toledo job market for Business and Financial Operations Occupations is moderately sized, with a total local workforce of 12,870 individuals. The Location Quotient of 0.66 indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not exceptionally high demand. While the number of jobs per 1,000 workers (44.121) points to a consistent presence, the lower concentration implies that opportunities may be more specialized or less abundant than in national hubs.
Salary Overview
The average Business and Financial Operations Occupations in Toledo, OH earns-14.9%below the national average.
$38.7
$1,547
$6,704
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Toledo have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and evolving industry needs typically drive modest annual increases in compensation for these roles. Professionals can anticipate a steady, albeit potentially slower, upward trajectory in earning potential within this sector in Toledo.
Business and Financial Operations Occupations Salary Distribution in Toledo, OH
Salary progression within Business and Financial Operations Occupations in Toledo is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect substantially higher compensation. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear opportunities for career advancement and increased earning potential through dedicated professional development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,260 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,338 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,550 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,563 | $48.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,520 | $60.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$80,450
Gross Pay
Real Wage (Purchasing Power)
$80,450
Adjusted for COL (100)
For individuals considering a move to Toledo, the average salary of $80,450 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Toledo is equivalent to the national average, offering a balanced lifestyle without the premium often associated with higher-cost-of-living areas. While the nominal salary is lower than the national average, the comparable cost of living suggests that the take-home pay will maintain a similar standard of living.
Job Market Context
12,870
Total Jobs
44.121
Per 1K Jobs
0.66
Location Quotient
Toledo, OH has 0.66x 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 0.66, the market for Business and Financial Operations Occupations in Toledo is less concentrated than the national average. This suggests that while these roles are present and necessary, they are not as dominant a feature of the local economy as they might be in other regions. This could translate to a less competitive job market for employers seeking talent, but potentially fewer specialized opportunities for job seekers compared to areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Business and Financial Operations Occupations Salary | $84,340↑ 5% | 20 mi |
| Ann Arbor, MI Business and Financial Operations Occupations Salary | $87,710↑ 9% | 43 mi |
| Sandusky, OH Business and Financial Operations Occupations Salary | $77,990↓ 3% | 48 mi |
| Detroit-Warren-Dearborn, MI Business and Financial Operations Occupations Salary | $89,810↑ 12% | 54 mi |
| Jackson, MI Business and Financial Operations Occupations Salary | $77,580↓ 4% | 58 mi |
Comparing salaries near Toledo, OH
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Toledo, OH?
The median annual salary for a Business and Financial Operations Occupations in Toledo, OH is $80,450. This typically ranges from $43,260 for entry-level positions to $126,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 14.9% lower than the national median of $94,590.
Is Toledo, OH a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $80,450 is below the national average of $94,590, indicating lower earning potential in this specific location. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Toledo, OH a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($84,340) and Ann Arbor, MI.
How does Toledo's cost of living compare to the national average?
Toledo, OH has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services, including housing, transportation, and utilities, is comparable to the rest of the United States.
What is the concentration of Business and Financial Operations jobs in Toledo?
The concentration of these jobs in Toledo, measured by the Location Quotient, is 0.66. This indicates that these occupations are less prevalent in Toledo compared to the national average, where 1.0 represents the national average concentration.
How many Business and Financial Operations jobs are there per 1,000 workers in Toledo?
In Toledo, there are approximately 44.121 jobs per 1,000 workers within the Business and Financial Operations Occupations category, reflecting the local employment landscape for these roles.
Is the job market for Business and Financial Operations Occupations growing in Toledo?
While specific growth rates are not detailed, the presence of 12,870 workers and a stable jobs-per-capita ratio suggests a consistent, though not rapidly expanding, job market for these professionals in Toledo.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,870 employees in the Toledo, OH area with a job density of 44.121 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 Toledo, OH