Average Business and Financial Operations Occupations Salary in Tuscaloosa, AL
In Tuscaloosa, AL, professionals in Business and Financial Operations Occupations earn an average annual salary of $78,230. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The compensation levels are intrinsically tied to the economic landscape and industry concentration within Tuscaloosa.
Executive Summary
- Average Salary: $78,230 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $119,520.
- Outlook: The Business and Financial Operations sector in Tuscaloosa comprises a workforce of 3,870 individuals. With a Location Quotient of 0.53, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence. The number of jobs per 1,000 workers stands at 35.739, indicating a steady, albeit not exceptionally high, level of employment within this field in the area.
Salary Overview
The average Business and Financial Operations Occupations in Tuscaloosa, AL earns-17.3%below the national average.
$37.6
$1,504
$6,519
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Tuscaloosa's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic development and evolving business needs typically drive incremental increases in compensation for these vital roles.
Business and Financial Operations Occupations Salary Distribution in Tuscaloosa, AL
Salary progression within Business and Financial Operations roles in Tuscaloosa typically scales with experience. Entry-level positions may start at the lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the upper percentiles. The increasing salary gaps between experience levels signify clear opportunities for career advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,150 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,673 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,450 | $34.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,788 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $119,520 | $57.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$78,230
Gross Pay
Real Wage (Purchasing Power)
$78,230
Adjusted for COL (100)
The average annual salary of $78,230 in Tuscaloosa aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to the national standard, making Tuscaloosa an economically stable location for these professionals.
Job Market Context
3,870
Total Jobs
35.739
Per 1K Jobs
0.53
Location Quotient
Tuscaloosa, AL 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 indicates that Business and Financial Operations Occupations are less concentrated in Tuscaloosa compared to the national average. This suggests that while the roles exist and are filled, the market may not be saturated, potentially offering opportunities for skilled professionals, but also implying less overall industry dominance than in other regions.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Tuscaloosa, AL
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Tuscaloosa, AL?
The median annual salary for a Business and Financial Operations Occupations in Tuscaloosa, AL is $78,230. This typically ranges from $43,150 for entry-level positions to $119,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tuscaloosa, AL is 17.3% lower than the national median of $94,590.
Is Tuscaloosa, AL a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.While the average salary of $78,230 is stable with a Cost of Living Index of 100, it falls significantly below the national average salary for these roles.
Is Tuscaloosa, AL a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Tuscaloosa, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tuscaloosa, AL?
Some top paying nearby cities include Birmingham, AL ($82,260) and Northeast Alabama nonmetropolitan area.
What is the average salary for Business and Financial Operations Occupations in Tuscaloosa, AL?
The average annual salary for Business and Financial Operations Occupations in Tuscaloosa, AL is $78,230.
How does Tuscaloosa's Cost of Living compare to the national average?
Tuscaloosa's Cost of Living Index is 100, which is exactly the national average.
How concentrated is the Business and Financial Operations job market in Tuscaloosa?
The job market for Business and Financial Operations Occupations in Tuscaloosa is less concentrated than the national average, with a Location Quotient of 0.53.
What is the total workforce size for Business and Financial Operations Occupations in Tuscaloosa?
There are approximately 3,870 individuals employed in Business and Financial Operations Occupations in Tuscaloosa.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,870 employees in the Tuscaloosa, AL area with a job density of 35.739 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 Tuscaloosa, AL