Average Business and Financial Operations Occupations Salary in Vermont
In Vermont, professionals in Business and Financial Operations Occupations earn an average annual salary of $84,490. This figure is notably below the national average of $94,590, suggesting that regional economic factors and industry specific demand in Vermont influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $84,490 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,060.
- Outlook: Vermont's market for Business and Financial Operations professionals is moderately sized, with a total local workforce of 17,520 individuals. The location quotient of 0.86 indicates a concentration slightly below the national average, suggesting a stable but not exceptionally high demand for these roles within the state's economy.
Salary Overview
The average Business and Financial Operations Occupations in Vermont earns-10.7%below the national average.
$40.6
$1,625
$7,041
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Vermont have experienced steady growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving market demands, and the increasing complexity of financial operations.
Business and Financial Operations Occupations Salary Distribution in Vermont
Career progression within Business and Financial Operations Occupations in Vermont typically sees significant salary increases with experience. Entry-level positions may start at lower percentiles, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles, reflecting a clear path for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,920 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,368 | $30.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,760 | $36.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,613 | $50.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,060 | $60.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$84,490
Gross Pay
Real Wage (Purchasing Power)
$73,534
Adjusted for COL (114.9)
Vermont's Cost of Living Index stands at 114.9, which is 14.9% higher than the national average. Consequently, the nominal average salary of $84,490 in Vermont translates to a reduced purchasing power when compared to the national average salary in a more cost-neutral location, indicating that higher living expenses offset some of the nominal income.
Job Market Context
17,520
Total Jobs
57.594
Per 1K Jobs
0.86
Location Quotient
Vermont has 0.86x 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 0.86, Vermont's market for Business and Financial Operations Occupations is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the job market may be less saturated, potentially offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Vermont
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Vermont?
The median annual salary for a Business and Financial Operations Occupations in Vermont is $84,490. This typically ranges from $49,920 for entry-level positions to $126,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Vermont is 10.7% lower than the national median of $94,590.
Is Vermont a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.While the average salary is $84,490, it falls below the national average of $94,590, and the higher cost of living further diminishes its relative value.
Is Vermont a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Vermont is 114.9. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Vermont?
Some top paying nearby cities include Burlington-South Burlington, VT ($87,170) and Glens Falls, NY.
How does Vermont's average salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Vermont is $84,490, which is approximately $10,000 less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Vermont?
Vermont has a concentration of 0.86 for these occupations, meaning they are slightly less prevalent than the national average, which is represented by a quotient of 1.0.
How does the cost of living affect the salary in Vermont?
Vermont's cost of living is 14.9% higher than the national average, meaning the $84,490 salary has less purchasing power than it would in a location with a cost of living index of 100.
What is the total number of Business and Financial Operations workers in Vermont?
There are approximately 17,520 individuals employed in Business and Financial Operations Occupations within the state of Vermont.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,520 employees in the Vermont area with a job density of 57.594 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 Vermont