In the West South Dakota nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $74,790. This figure is notably below the national average of $94,590, reflecting the unique economic landscape and demand specific to this region. Factors such as local industry concentration and the overall economic activity of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $74,790 per year.
- Growth Trend: Salaries have shifted 24.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,550.
- Outlook: The job market for Business and Financial Operations Occupations in the West South Dakota nonmetropolitan area is supported by a workforce of 3,550 individuals. With a Location Quotient of 0.84, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of over 56 jobs per 1,000 workers indicates a consistent need for these essential functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in West South Dakota nonmetropolitan area earns-20.9%below the national average.
$36
$1,438
$6,233
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally observed that roles within Business and Financial Operations experience steady growth. Over the past four years, it's reasonable to assume that salaries in this sector have seen incremental increases, driven by inflation, evolving business needs, and the ongoing demand for financial expertise across various industries.
Business and Financial Operations Occupations Salary Distribution in West South Dakota nonmetropolitan area
Salary progression within Business and Financial Operations Occupations is typically tied to experience and specialization. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with advanced skills and significant experience can command substantially higher salaries, reaching into the upper percentiles. The widening gap between entry-level and senior-level compensation reflects the value placed on expertise and leadership in financial roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,130 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,093 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,790 | $33.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,488 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,550 | $50.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,790
Gross Pay
Real Wage (Purchasing Power)
$74,790
Adjusted for COL (100)
The nominal average salary of $74,790 in the West South Dakota nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the cost of goods and services is also at the national average, suggesting that the purchasing power of this salary is relatively stable compared to national standards.
Job Market Context
3,550
Total Jobs
56.299
Per 1K Jobs
0.84
Location Quotient
West South Dakota nonmetropolitan area has 0.84x 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.
The Location Quotient of 0.84 for Business and Financial Operations Occupations in the West South Dakota nonmetropolitan area indicates that these roles are slightly less concentrated than the national average. This suggests a market that is neither oversaturated nor critically undersupplied, presenting a balanced environment for job seekers and employers alike. The market appears to be stable, with a consistent, albeit not booming, demand for these professionals.
Nearby Job Markets
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in West South Dakota nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in West South Dakota nonmetropolitan area is $74,790. This typically ranges from $48,130 for entry-level positions to $105,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West South Dakota nonmetropolitan area is 20.9% lower than the national median of $94,590.
Is West South Dakota nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $74,790 is significantly lower than the national average of $94,590. While the cost of living is at the national average, the lower nominal salary indicates less lucrative earning potential in this region.
Is West South Dakota nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in West South Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
How does the West South Dakota nonmetropolitan area compare to the national average for these roles?
The average salary in West South Dakota nonmetropolitan areas is $74,790, which is 21.0% lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the cost of living like in West South Dakota nonmetropolitan areas?
The Cost of Living Index for this region is 100, which is exactly the national average. This means that the cost of goods and services is comparable to the rest of the country.
How concentrated are Business and Financial Operations jobs in this region?
The Location Quotient of 0.84 suggests that these jobs are slightly less concentrated in West South Dakota nonmetropolitan areas compared to the national average.
How many people work in Business and Financial Operations in this area?
There are approximately 3,550 individuals employed in Business and Financial Operations Occupations within the West South 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 3,550 employees in the West South Dakota nonmetropolitan area area with a job density of 56.299 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 South Dakota nonmetropolitan area