In the West North Dakota nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $86,670. This figure is notably below the national average of $94,590, suggesting that regional economic factors and industry demand play a significant role in compensation within this specific locale. The lower average may be influenced by the unique economic landscape of nonmetropolitan North Dakota.
Executive Summary
- Average Salary: $86,670 per year.
- Growth Trend: Salaries have shifted 19.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,320.
- Outlook: The Business and Financial Operations sector in West North Dakota nonmetropolitan area comprises a workforce of 3,070 individuals, with 35.924 jobs per 1,000 workers. The Location Quotient of 0.54 indicates that this occupation group is less concentrated here than the national average, suggesting a moderate but not overwhelmingly dominant presence within the local job market. While not a hub, the established workforce size points to consistent, albeit not rapidly expanding, demand for these roles.
Salary Overview
The average Business and Financial Operations Occupations in West North Dakota nonmetropolitan area earns-8.4%below the national average.
$41.7
$1,667
$7,223
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have seen consistent growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations, leading to incremental salary increases for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in West North Dakota nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect significantly higher compensation. The percentile gaps in salary distribution, though not detailed here, are expected to widen considerably from junior to senior roles, reflecting the value placed on expertise and leadership.
| 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) | $65,003 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,800 | $37.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,338 | $52.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,320 | $63.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$86,670
Gross Pay
Real Wage (Purchasing Power)
$86,670
Adjusted for COL (100)
The average annual salary of $86,670 in the West North Dakota nonmetropolitan area aligns perfectly with the national average cost of living, indicated by an 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, the financial impact of relocating to this area for these roles is neutral from a cost-of-living perspective.
Job Market Context
3,070
Total Jobs
35.924
Per 1K Jobs
0.54
Location Quotient
West North Dakota nonmetropolitan area has 0.54x 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 0.54, the Business and Financial Operations Occupations are less concentrated in the West North Dakota nonmetropolitan area compared to the national average. This suggests that the job market for these roles is not saturated and may offer opportunities for skilled professionals, but it also implies that the demand might be less robust than in more concentrated regions. It indicates a market that is neither overly competitive nor exceptionally abundant.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Business and Financial Operations Occupations Salary | $80,000↓ 8% | 68 mi |
| Minot, ND Business and Financial Operations Occupations Salary | $80,610↓ 7% | 85 mi |
Comparing salaries near West North Dakota nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in West North Dakota nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in West North Dakota nonmetropolitan area is $86,670. This typically ranges from $49,920 for entry-level positions to $132,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West North Dakota nonmetropolitan area is 8.4% lower than the national median of $94,590.
Is West North Dakota nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not significantly more lucrative than the national average.The average salary of $86,670 is below the national average of $94,590, and the cost of living is at the national average, meaning purchasing power is similar but the nominal income is lower.
Is West North Dakota nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in West North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($80,000) and Minot, ND.
How does the local salary compare to the national average?
The average salary of $86,670 in West North Dakota nonmetropolitan area is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the cost of living in West North Dakota nonmetropolitan area?
The cost of living in this region is exactly at the national average, with an index of 100.
How concentrated are Business and Financial Operations jobs in this area?
The concentration of these jobs, measured by the Location Quotient, is 0.54, which is less than half the national average concentration.
How many Business and Financial Operations professionals work in this area?
There are approximately 3,070 individuals employed in Business and Financial Operations Occupations in the West North Dakota 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 3,070 employees in the West North Dakota nonmetropolitan area area with a job density of 35.924 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 North Dakota nonmetropolitan area