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Average Business and Financial Operations Occupations Salary in Watertown-Fort Drum, NY

In Watertown-Fort Drum, NY, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,590. This figure is notably below the national average of $94,590, reflecting a localized market dynamic. Factors such as regional economic drivers and the specific demand within the Watertown-Fort Drum area contribute to this pay differential.

Executive Summary

  • Average Salary: $82,590 per year.
  • Growth Trend: Salaries have shifted 14.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $118,690.
  • Outlook: The Watertown-Fort Drum region supports a workforce of 1,900 individuals in Business and Financial Operations. With a Location Quotient of 0.72, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated job market. The presence of nearly 49 jobs per 1,000 workers indicates a consistent demand for these essential business functions within the local economy.
2024 Market Data

Salary Overview

$82,590

The average Business and Financial Operations Occupations in Watertown-Fort Drum, NY earns-12.7%below the national average.

BreakdownBased on 40h/week
Hourly

$39.7

Weekly

$1,588

Monthly

$6,883

Business and Financial Operations Occupations Salary Distribution in Watertown-Fort Drum, NY

Salary progression within Business and Financial Operations in Watertown-Fort Drum is significantly influenced by experience. Entry-level positions typically start at a lower percentile of the salary range, while seasoned professionals with specialized skills and extensive experience can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$46,420$22.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$61,943$29.8
ManagerOversees team, compliance, and project delivery.50% (Median)$77,090$37.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$103,238$49.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$118,690$57.1

Detailed Business and Financial Operations Occupations Market Analysis

Relocation Context

Nominal Salary

$82,590

Gross Pay

Real Wage (Purchasing Power)

$82,590

Adjusted for COL (100)

The average annual salary of $82,590 in Watertown-Fort Drum 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 that salary locally is equivalent to the national standard. Therefore, relocating professionals will find their income stretches similarly in terms of everyday expenses.

Job Market Context

1,900

Total Jobs

48.558

Per 1K Jobs

0.72

Location Quotient

Below Average

Watertown-Fort Drum, NY has 0.72x 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 0.72 for Business and Financial Operations in Watertown-Fort Drum indicates that these occupations are less concentrated than the national average. This suggests that while the roles are present and necessary, the market is not saturated, potentially offering a competitive environment for skilled professionals. It implies that employers may seek specialized talent rather than having an overabundance of candidates.

Nearby Job Markets

Nearby Cities for Business and Financial Operations Occupations

CitySalaryDist.
Syracuse, NY Business and Financial Operations Occupations Salary$89,010↑ 8%66 mi
Utica-Rome, NY Business and Financial Operations Occupations Salary$81,990↓ 1%70 mi

Comparing salaries near Watertown-Fort Drum, NY

Hiring Business and Financial Operations Occupationss?

Frequently Asked Questions

How much does a Business and Financial Operations Occupations make in Watertown-Fort Drum, NY?

The median annual salary for a Business and Financial Operations Occupations in Watertown-Fort Drum, NY is $82,590. This typically ranges from $46,420 for entry-level positions to $118,690 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Watertown-Fort Drum, NY is 12.7% lower than the national median of $94,590.

Is Watertown-Fort Drum, NY a lucrative place for Business and Financial Operations Occupationss?

No, it is not exceptionally lucrative compared to national averages.The average salary of $82,590 is below the national average, although the cost of living is on par, meaning purchasing power is similar. The lower location quotient suggests less market concentration than the national average.

Is Watertown-Fort Drum, NY a good place to live for Business and Financial Operations Occupations?

The Cost of Living Index in Watertown-Fort Drum, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Watertown-Fort Drum, NY?

Some top paying nearby cities include Syracuse, NY ($89,010) and Utica-Rome, NY.

How does the Watertown-Fort Drum salary compare to the national average?

The average annual salary for Business and Financial Operations Occupations in Watertown-Fort Drum is $82,590, which is $12,000 less than the national average of $94,590.

What is the Cost of Living in Watertown-Fort Drum, NY?

The Cost of Living Index in Watertown-Fort Drum is 100, which is exactly the national average. This means the general cost of goods and services is comparable to the rest of the country.

How many Business and Financial Operations jobs are there in Watertown-Fort Drum?

There are approximately 1,900 individuals employed in Business and Financial Operations roles in the Watertown-Fort Drum area, representing about 48.56 jobs per 1,000 workers.

Is the job market for Business and Financial Operations saturated in Watertown-Fort Drum?

With a Location Quotient of 0.72, the market is less concentrated than the national average, suggesting it is not saturated and may offer good opportunities for qualified candidates.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,900 employees in the Watertown-Fort Drum, NY area with a job density of 48.558 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Watertown-Fort Drum, NY

Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Watertown-Fort Drum, NY