In the Western Wyoming nonmetropolitan area, professionals in Business and Financial Operations Occupations earn an average annual salary of $90,550. This figure is slightly below the national average of $94,590, a common occurrence in nonmetropolitan regions where industry concentration and specific economic drivers can influence compensation levels compared to larger urban centers.
Executive Summary
- Average Salary: $90,550 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,000.
- Outlook: The Business and Financial Operations sector in Western Wyoming comprises a workforce of 4,390 individuals. With a Location Quotient of 0.65, this indicates a slightly lower concentration of these roles compared to the national average, suggesting a stable but not overly saturated job market. The presence of over 43 jobs per 1,000 workers points to consistent demand within the region for these essential financial and operational skill sets.
Salary Overview
The average Business and Financial Operations Occupations in Western Wyoming nonmetropolitan area earns-4.3%below the national average.
$43.5
$1,741
$7,546
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Western Wyoming's Business and Financial Operations sector is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic trends. Factors such as inflation, increased demand for specialized financial skills, and regional economic development initiatives likely contribute to a gradual upward trajectory in compensation for these roles.
Business and Financial Operations Occupations Salary Distribution in Western Wyoming nonmetropolitan area
Salary progression within Business and Financial Operations Occupations typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while mid-level roles command salaries closer to the regional average. Senior positions, requiring extensive expertise and leadership, can significantly exceed the average, with substantial percentile gaps illustrating clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,200 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,913 | $32.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,990 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,188 | $54.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,000 | $71.6 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$90,550
Gross Pay
Real Wage (Purchasing Power)
$90,550
Adjusted for COL (100)
The nominal average salary of $90,550 in Western Wyoming aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in this region is equivalent to the national average, offering a stable financial footing for residents without the premium often associated with higher cost-of-living metropolitan areas.
Job Market Context
4,390
Total Jobs
43.356
Per 1K Jobs
0.65
Location Quotient
Western Wyoming nonmetropolitan area has 0.65x 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 0.65 for Business and Financial Operations Occupations in Western Wyoming suggests that this sector is less concentrated here than the national average. This implies that while opportunities exist, the market may be less competitive than in major hubs, potentially offering a more accessible entry point for skilled professionals or those seeking a different work-life balance.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Casper, WY Business and Financial Operations Occupations Salary | $86,320↓ 5% | 50 mi |
Comparing salaries near Western Wyoming nonmetropolitan area
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Western Wyoming nonmetropolitan area?
The median annual salary for a Business and Financial Operations Occupations in Western Wyoming nonmetropolitan area is $90,550. This typically ranges from $43,200 for entry-level positions to $149,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western Wyoming nonmetropolitan area is 4.3% lower than the national median of $94,590.
Is Western Wyoming nonmetropolitan area a lucrative place for Business and Financial Operations Occupationss?
Moderately lucrative, with a stable cost of living.The average salary of $90,550 is competitive, especially when considering the national average cost of living. While slightly below the national salary average, the stable cost of living ensures good purchasing power.
Is Western Wyoming nonmetropolitan area a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Western Wyoming nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western Wyoming nonmetropolitan area?
Some top paying nearby cities include Casper, WY ($86,320) and others.
How does Western Wyoming's salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Western Wyoming is $90,550, which is slightly lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Western Wyoming?
The concentration, measured by Location Quotient, is 0.65, indicating that these roles are less common in Western Wyoming compared to the national average.
How does the cost of living in Western Wyoming affect salary perception?
With a Cost of Living Index of 100, the same as the national average, the $90,550 salary in Western Wyoming offers purchasing power equivalent to the national average, making it relatively stable.
What is the total workforce size for these occupations in the region?
There are 4,390 individuals employed in Business and Financial Operations Occupations in the Western Wyoming 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 4,390 employees in the Western Wyoming nonmetropolitan area area with a job density of 43.356 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 Western Wyoming nonmetropolitan area