In the West Arkansas nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $65,920. This figure is notably lower than the national average of $94,590, reflecting the unique economic landscape and demand drivers specific to this region. Localized economic factors and industry concentration significantly influence compensation levels.
Executive Summary
- Average Salary: $65,920 per year.
- Growth Trend: Salaries have shifted 4.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,180.
- Outlook: The job market for Business and Financial Operations Occupations in West Arkansas is characterized by a workforce of 2,790 individuals. With a Location Quotient of 0.48, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The presence of 32.188 jobs per 1,000 workers indicates a moderate level of employment within this sector.
Salary Overview
The average Business and Financial Operations Occupations in West Arkansas nonmetropolitan area earns-30.3%below the national average.
$31.7
$1,268
$5,493
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 have seen incremental growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for specialized financial skills, and the evolving business environment within the region.
Business and Financial Operations Occupations Salary Distribution in West Arkansas nonmetropolitan area
Salary progression within Business and Financial Operations Occupations in West Arkansas typically scales with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and leadership will see significantly higher compensation. The percentile gaps between different experience levels are indicative of clear career advancement pathways and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,520 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,440 | $23.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,420 | $28.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,400 | $39.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,180 | $52 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$65,920
Gross Pay
Real Wage (Purchasing Power)
$65,920
Adjusted for COL (100)
The nominal average annual salary of $65,920 in West Arkansas aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that while the absolute salary is lower than the national average, the cost of living does not further diminish its value relative to national standards.
Job Market Context
2,790
Total Jobs
32.188
Per 1K Jobs
0.48
Location Quotient
At 0.48x, West Arkansas nonmetropolitan area has a notably lower concentration of Business and Financial Operations Occupations jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.48 for Business and Financial Operations Occupations in West Arkansas indicates that these roles are less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but it also implies that the demand for these specialized skills might be more niche or less widespread across the local economy.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Business and Financial Operations Occupations Salary | $72,730↑ 10% | 17 mi |
| Hot Springs, AR Business and Financial Operations Occupations Salary | $66,420↑ 1% | 51 mi |
Comparing salaries near West Arkansas nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in West Arkansas nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in West Arkansas nonmetropolitan area is $65,920. This typically ranges from $34,520 for entry-level positions to $108,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Arkansas nonmetropolitan area is 30.3% lower than the national median of $94,590.
Is West Arkansas nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered a lucrative place compared to the national average.The average salary of $65,920 is significantly lower than the national average of $94,590. While the cost of living is average, the lower salary indicates less financial opportunity in this sector locally.
Is West Arkansas nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in West Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($72,730) and Hot Springs, AR.
How does the West Arkansas salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in West Arkansas is $65,920, which is considerably lower than the national average of $94,590.
What is the cost of living in West Arkansas nonmetropolitan area?
The Cost of Living Index for the West Arkansas nonmetropolitan area is 100, which is exactly the national average.
How concentrated are Business and Financial Operations jobs in West Arkansas?
The concentration of these jobs, measured by the Location Quotient, is 0.48, meaning they are less than half as concentrated as they are nationally.
What is the total workforce size for these occupations in West Arkansas?
There are approximately 2,790 individuals employed in Business and Financial Operations Occupations within the West Arkansas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,790 employees in the West Arkansas nonmetropolitan area area with a job density of 32.188 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 West Arkansas nonmetropolitan area