Average Business and Financial Operations Occupations Salary in Wichita Falls, TX
In Wichita Falls, TX, professionals in Business and Financial Operations Occupations earn an average annual salary of $70,170. This figure is notably below the national average of $94,590, reflecting localized economic factors and industry demand specific to the region. The cost of living in Wichita Falls aligns perfectly with the national average, suggesting that while nominal salaries are lower, purchasing power may be relatively stable.
Executive Summary
- Average Salary: $70,170 per year.
- Growth Trend: Salaries have shifted 4.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,090.
- Outlook: The Business and Financial Operations sector in Wichita Falls comprises a workforce of 2,030 individuals. With a Location Quotient of 0.53, this indicates that the concentration of these roles is less than half the national average. While the absolute number of jobs per 1,000 workers (35.806) suggests a presence, the lower LQ points to a potentially less robust or specialized market compared to national hubs.
Salary Overview
The average Business and Financial Operations Occupations in Wichita Falls, TX earns-25.8%below the national average.
$33.7
$1,349
$5,848
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data 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 inflation. This growth is typically driven by increased demand for financial expertise, evolving business landscapes, and the need for skilled professionals to navigate complex economic environments.
Business and Financial Operations Occupations Salary Distribution in Wichita Falls, TX
Salary progression within Business and Financial Operations Occupations in Wichita Falls, as elsewhere, is strongly tied to experience and specialization. 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 between entry-level and senior roles highlight the substantial career growth and earning potential available to those who advance within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,960 | $18.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,628 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,990 | $30.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,713 | $42.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $108,090 | $52 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$70,170
Gross Pay
Real Wage (Purchasing Power)
$70,170
Adjusted for COL (100)
The average annual salary of $70,170 in Wichita Falls, TX, is positioned against a Cost of Living Index of 100, which is precisely the national average. This means that the nominal income earned by professionals in this sector holds its purchasing power relative to the rest of the country. While the salary is lower than the national average, the equivalent cost of living suggests that the take-home pay may offer comparable lifestyle stability.
Job Market Context
2,030
Total Jobs
35.806
Per 1K Jobs
0.53
Location Quotient
Wichita Falls, TX 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 market for Business and Financial Operations Occupations in Wichita Falls is less concentrated than the national average. This suggests that while there is a stable presence of these roles, the job market may be less competitive in terms of sheer volume of available positions compared to larger metropolitan areas. Professionals might find fewer specialized opportunities but potentially less direct competition for existing roles.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Lawton, OK Business and Financial Operations Occupations Salary | $76,290↑ 9% | 49 mi |
Comparing salaries near Wichita Falls, TX
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Wichita Falls, TX?
The median annual salary for a Business and Financial Operations Occupations in Wichita Falls, TX is $70,170. This typically ranges from $37,960 for entry-level positions to $108,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wichita Falls, TX is 25.8% lower than the national median of $94,590.
Is Wichita Falls, TX a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $70,170 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning purchasing power is relatively stable.
Is Wichita Falls, TX a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Wichita Falls, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wichita Falls, TX?
Some top paying nearby cities include Lawton, OK ($76,290) and others.
How does the Wichita Falls salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Wichita Falls, TX is $70,170, which is considerably lower than the national average of $94,590.
What is the Cost of Living in Wichita Falls, TX?
Wichita Falls, TX has a Cost of Living Index of 100, which is exactly the national average, indicating that everyday expenses are comparable to the rest of the United States.
Is there high demand for Business and Financial Operations roles in Wichita Falls?
The Location Quotient of 0.53 suggests that these roles are less concentrated in Wichita Falls than the national average, implying a moderate rather than exceptionally high demand.
How many Business and Financial Operations workers are there in Wichita Falls?
There are approximately 2,030 individuals employed in Business and Financial Operations Occupations in Wichita Falls, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,030 employees in the Wichita Falls, TX area with a job density of 35.806 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 Wichita Falls, TX