Average Business and Financial Operations Occupations Salary in Utica-Rome, NY
In Utica-Rome, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,990. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a lower cost of doing business influence compensation in this region. While the nominal salary is lower, understanding the local economic landscape is crucial for evaluating its true value.
Executive Summary
- Average Salary: $81,990 per year.
- Growth Trend: Salaries have shifted 20.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,820.
- Outlook: The Utica-Rome area supports a local workforce of 5,850 individuals within Business and Financial Operations Occupations. With a location quotient of 0.74, this sector is slightly less concentrated than the national average, indicating a moderate but not dominant presence. The presence of nearly 50 jobs per 1,000 workers suggests a stable demand for these roles within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Utica-Rome, NY earns-13.3%below the national average.
$39.4
$1,577
$6,833
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Utica-Rome's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic recovery and evolving business needs typically drive incremental increases in compensation for skilled professionals in this sector, even in regional markets.
Business and Financial Operations Occupations Salary Distribution in Utica-Rome, NY
Career progression within Business and Financial Operations Occupations significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The widening gap between entry-level and senior-level salaries reflects the value placed on expertise and leadership in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,210 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,493 | $29.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,300 | $35.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,488 | $49.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,820 | $59.5 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,990
Gross Pay
Real Wage (Purchasing Power)
$81,990
Adjusted for COL (100)
The average annual salary of $81,990 in Utica-Rome, NY, aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a salary in Utica-Rome is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay may offer comparable lifestyle benefits.
Job Market Context
5,850
Total Jobs
49.926
Per 1K Jobs
0.74
Location Quotient
Utica-Rome, NY has 0.74x 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 0.74, the Business and Financial Operations Occupations sector in Utica-Rome is less concentrated than the national average. This suggests that while the jobs exist, the market may not be saturated with highly specialized talent, potentially offering opportunities for skilled professionals. However, it also implies that the demand might be more localized and less robust compared to national hubs.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Utica-Rome, NY?
The median annual salary for a Business and Financial Operations Occupations in Utica-Rome, NY is $81,990. This typically ranges from $46,210 for entry-level positions to $123,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 13.3% lower than the national median of $94,590.
Is Utica-Rome, NY a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to national averages.The average salary of $81,990 is below the national average, although the cost of living is also at the national average. This indicates that while your money may go as far, the overall earning potential is not as high as in other regions.
Is Utica-Rome, NY a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($89,010) and Southwest New York nonmetropolitan area.
How does the Utica-Rome salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Utica-Rome, NY is $81,990, which is lower than the national average of $94,590.
What is the cost of living in Utica-Rome, NY?
Utica-Rome, NY has a cost of living index of 100, which is exactly the national average.
How concentrated is the Business and Financial Operations sector in Utica-Rome?
The sector's concentration, measured by the location quotient, is 0.74, indicating it is less concentrated than the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Utica-Rome?
There are approximately 49.926 jobs per 1,000 workers in Business and Financial Operations Occupations in the Utica-Rome area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,850 employees in the Utica-Rome, NY area with a job density of 49.926 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 Utica-Rome, NY