Average Business and Financial Operations Occupations Salary in Wheeling, WV-OH
In Wheeling, WV-OH, professionals in Business and Financial Operations Occupations can expect an average annual salary of $73,490. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the area. The local compensation landscape is shaped by a unique interplay of industry concentration and the overall economic vitality of the Wheeling metropolitan area.
Executive Summary
- Average Salary: $73,490 per year.
- Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,170.
- Outlook: The Business and Financial Operations sector in Wheeling, WV-OH, comprises a workforce of 2,090 individuals, with 35.52 jobs per 1,000 workers. The Location Quotient of 0.53 indicates that this sector is less concentrated than the national average. While the absolute number of jobs suggests a stable presence, the lower concentration implies that opportunities might be more specialized or less abundant compared to national hubs, requiring a targeted approach for job seekers.
Salary Overview
The average Business and Financial Operations Occupations in Wheeling, WV-OH earns-22.3%below the national average.
$35.3
$1,413
$6,124
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for the Wheeling, WV-OH region is not provided, it is generally assumed that salaries within Business and Financial Operations Occupations have experienced a steady upward trend over the past four years, mirroring national economic growth and increasing demand for financial expertise. This growth is typically driven by inflation, evolving industry needs, and the increasing complexity of financial markets, suggesting a positive trajectory for compensation in this field.
Business and Financial Operations Occupations Salary Distribution in Wheeling, WV-OH
Within the Business and Financial Operations Occupations, salary progression is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can significantly exceed the average. The percentile gaps in earnings between junior and senior professionals highlight the substantial career growth and earning potential available through dedicated development and accumulated experience in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,110 | $17.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,118 | $26.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,820 | $30.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,863 | $44.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,170 | $55.9 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,490
Gross Pay
Real Wage (Purchasing Power)
$73,490
Adjusted for COL (100)
The average annual salary of $73,490 in Wheeling, WV-OH, aligns precisely with the national average Cost of Living 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 average. Consequently, relocating to Wheeling for this profession offers a stable financial standing relative to the cost of essential goods and services.
Job Market Context
2,090
Total Jobs
35.52
Per 1K Jobs
0.53
Location Quotient
Wheeling, WV-OH has 0.53x 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 0.53, the Business and Financial Operations sector in Wheeling, WV-OH, is less concentrated than the national average. This suggests that while the industry is present, it may not be a dominant sector compared to other regions. Job seekers might find fewer specialized roles but potentially less competition for generalist positions, making it a market where understanding specific local industry needs is crucial for success.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Weirton-Steubenville, WV-OH Business and Financial Operations Occupations Salary | $69,490↓ 5% | 24 mi |
| Pittsburgh, PA Business and Financial Operations Occupations Salary | $83,840↑ 14% | 45 mi |
| Morgantown, WV Business and Financial Operations Occupations Salary | $72,240↓ 2% | 50 mi |
| Canton-Massillon, OH Business and Financial Operations Occupations Salary | $74,280↑ 1% | 62 mi |
| Youngstown-Warren, OH Business and Financial Operations Occupations Salary | $73,120↓ 1% | 71 mi |
Comparing salaries near Wheeling, WV-OH
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Wheeling, WV-OH?
The median annual salary for a Business and Financial Operations Occupations in Wheeling, WV-OH is $73,490. This typically ranges from $37,110 for entry-level positions to $116,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wheeling, WV-OH is 22.3% lower than the national median of $94,590.
Is Wheeling, WV-OH a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $73,490 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Wheeling, WV-OH a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Wheeling, WV-OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wheeling, WV-OH?
Some top paying nearby cities include Weirton-Steubenville, WV-OH ($69,490) and Pittsburgh, PA.
How does the total workforce size impact job opportunities?
A total local workforce of 2,090 indicates a moderate-sized sector. While not as large as major metropolitan areas, it suggests a stable base of employment opportunities within Wheeling, WV-OH.
What does a Location Quotient of 0.53 mean for job seekers?
A Location Quotient below 1.0, like 0.53, signifies that Business and Financial Operations Occupations are less prevalent in Wheeling, WV-OH, than the national average. This could mean fewer specialized roles but potentially less competition for general positions.
How does the cost of living affect the perceived salary?
With a Cost of Living Index of 100, the local purchasing power of the $73,490 salary is equivalent to the national average. This means your earnings will stretch as far in Wheeling as they would on average across the country.
Are there many Business and Financial Operations jobs per capita in Wheeling?
With 35.52 jobs per 1,000 workers, the density of these roles is substantial, indicating a consistent demand for professionals in this field within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,090 employees in the Wheeling, WV-OH area with a job density of 35.52 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 Wheeling, WV-OH