In the West Tennessee nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $71,640. This figure is notably below the national average of $94,590, reflecting regional economic factors and a potentially different demand structure compared to more urbanized or economically diverse areas. The local pay scale is intrinsically linked to the specific economic landscape of this nonmetropolitan region.
Executive Summary
- Average Salary: $71,640 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,550.
- Outlook: The Business and Financial Operations sector in the West Tennessee nonmetropolitan area supports a local workforce of 3,740 individuals. With a jobs-per-1,000-workers ratio of 31.401, the presence of these roles is significant within the local employment ecosystem. However, a Location Quotient of 0.47 indicates that this sector is less concentrated here than the national average, suggesting a moderate but not dominant presence in the regional job market.
Salary Overview
The average Business and Financial Operations Occupations in West Tennessee nonmetropolitan area earns-24.3%below the national average.
$34.4
$1,378
$5,970
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 roles have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations, even in nonmetropolitan settings.
Business and Financial Operations Occupations Salary Distribution in West Tennessee nonmetropolitan area
Within the Business and Financial Operations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while mid-career professionals can expect a significant increase. Senior roles, requiring extensive expertise and leadership, command the highest compensation, with substantial percentile gaps between experience levels illustrating clear career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,250 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,730 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,470 | $30.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,550 | $43.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,550 | $55.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$71,640
Gross Pay
Real Wage (Purchasing Power)
$71,640
Adjusted for COL (100)
The average annual salary of $71,640 in the West Tennessee nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in this region is comparable to the national standard. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the real value of this income may be more competitive locally than a direct comparison of salary figures alone would indicate.
Job Market Context
3,740
Total Jobs
31.401
Per 1K Jobs
0.47
Location Quotient
At 0.47x, West Tennessee 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 0.47 for Business and Financial Operations Occupations in the West Tennessee nonmetropolitan area signifies that this sector is underrepresented compared to the national average. This suggests that the job market for these roles may be less competitive, potentially offering more opportunities for skilled professionals relative to the number of available workers, or indicating a lower overall demand for these specialized functions within the region's economy.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Business and Financial Operations Occupations Salary | $83,380↑ 16% | 29 mi |
| Clarksville, TN-KY Business and Financial Operations Occupations Salary | $72,020↑ 1% | 67 mi |
| Huntsville, AL Business and Financial Operations Occupations Salary | $100,830↑ 41% | 73 mi |
| Decatur, AL Business and Financial Operations Occupations Salary | $78,930↑ 10% | 83 mi |
| Florence-Muscle Shoals, AL Business and Financial Operations Occupations Salary | $70,660↓ 1% | 84 mi |
Comparing salaries near West Tennessee nonmetropolitan area
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in West Tennessee nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in West Tennessee nonmetropolitan area is $71,640. This typically ranges from $37,250 for entry-level positions to $114,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Tennessee nonmetropolitan area is 24.3% lower than the national median of $94,590.
Is West Tennessee nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
No, it is not considered lucrative compared to national standards.The average salary of $71,640 is significantly lower than the national average of $94,590. While the cost of living is average, the lower nominal pay indicates less lucrative opportunities in this specific region.
Is West Tennessee nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in West Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($83,380) and Clarksville, TN-KY.
How does the West Tennessee nonmetropolitan area's salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in the West Tennessee nonmetropolitan area is $71,640, which is substantially lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in West Tennessee nonmetropolitan area?
The concentration, measured by Location Quotient, is 0.47, meaning the area has less than half the national average concentration of these jobs.
How does the Cost of Living in West Tennessee nonmetropolitan area affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $71,640 salary has a purchasing power equivalent to the national average, despite being lower than the national average salary.
What is the size of the Business and Financial Operations workforce in this region?
The total local workforce for Business and Financial Operations Occupations in the West Tennessee nonmetropolitan area consists of 3,740 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,740 employees in the West Tennessee nonmetropolitan area area with a job density of 31.401 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 Tennessee nonmetropolitan area