Average Business and Financial Operations Occupations Salary in Topeka, KS
In Topeka, KS, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,190. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a different economic landscape influence compensation in this region. Factors such as the specific industry mix and demand within Topeka contribute to this pay differential.
Executive Summary
- Average Salary: $78,190 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,290.
- Outlook: The Business and Financial Operations sector in Topeka, KS, comprises a substantial workforce of 8,300 individuals. With a Location Quotient of 1.1, this occupation group is slightly more concentrated in Topeka than the national average, indicating a stable and present demand for these roles within the local economy. The presence of nearly 74 jobs per 1,000 workers further underscores the significance of this sector to Topeka's employment landscape.
Salary Overview
The average Business and Financial Operations Occupations in Topeka, KS earns-17.3%below the national average.
$37.6
$1,504
$6,516
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 roles in Topeka have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments, even in localized markets.
Business and Financial Operations Occupations Salary Distribution in Topeka, KS
Career progression within Business and Financial Operations Occupations in Topeka, KS, typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior roles and specialized expertise command salaries in the higher percentiles. The widening gap between entry-level and senior compensation signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,750 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,643 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,010 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,738 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,290 | $58.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,190
Gross Pay
Real Wage (Purchasing Power)
$78,190
Adjusted for COL (100)
The average annual salary of $78,190 in Topeka, KS, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial standing for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
8,300
Total Jobs
73.771
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Topeka, KS has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.1, Business and Financial Operations Occupations are slightly more prevalent in Topeka, KS, than the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market for these professionals. The concentration indicates a solid demand that meets or slightly exceeds the national ratio, making it a competitive but accessible market for skilled individuals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Lawrence, KS Business and Financial Operations Occupations Salary | $77,100↓ 1% | 24 mi |
| Manhattan, KS Business and Financial Operations Occupations Salary | $76,720↓ 2% | 50 mi |
| Kansas City, MO-KS Business and Financial Operations Occupations Salary | $86,730↑ 11% | 60 mi |
| Kansas nonmetropolitan area Business and Financial Operations Occupations Salary | $72,770↓ 7% | 66 mi |
| St. Joseph, MO-KS Business and Financial Operations Occupations Salary | $75,350↓ 4% | 68 mi |
Comparing salaries near Topeka, KS
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Topeka, KS?
The median annual salary for a Business and Financial Operations Occupations in Topeka, KS is $78,190. This typically ranges from $44,750 for entry-level positions to $122,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Topeka, KS is 17.3% lower than the national median of $94,590.
Is Topeka, KS a lucrative place for Business and Financial Operations Occupationss?
Yes, with a caveat regarding national averages.Topeka offers a competitive salary of $78,190, which is on par with the national cost of living. While below the national average salary, the stable job market and moderate concentration of roles present good opportunities.
Is Topeka, KS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Topeka, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Topeka, KS?
Some top paying nearby cities include Lawrence, KS ($77,100) and Manhattan, KS.
How does Topeka's salary compare to the national average for this field?
The average salary in Topeka, KS, for Business and Financial Operations Occupations is $78,190, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Topeka?
The Location Quotient for these roles in Topeka is 1.1, indicating a slightly higher concentration compared to the national average.
How does the cost of living in Topeka affect the salary?
With a Cost of Living Index of 100, Topeka's cost of living is exactly at the national average, meaning the $78,190 salary has equivalent purchasing power to the national average.
What is the total number of people employed in Business and Financial Operations in Topeka?
There are approximately 8,300 individuals employed in Business and Financial Operations Occupations in Topeka, KS.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,300 employees in the Topeka, KS area with a job density of 73.771 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 Topeka, KS