Average Business and Financial Operations Occupations Salary in Wichita, KS
In Wichita, KS, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,300. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business in the region influence compensation levels. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $79,300 per year.
- Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,710.
- Outlook: Wichita, KS supports a substantial workforce of 18,330 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.89, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally dominant presence in the local economy. The presence of nearly 60 jobs per 1,000 workers signifies a consistent demand for these essential functions within the Wichita business community.
Salary Overview
The average Business and Financial Operations Occupations in Wichita, KS earns-16.2%below the national average.
$38.1
$1,525
$6,608
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in Wichita, like most markets, have experienced gradual growth over the past four years. Economic expansion, inflation, and evolving industry demands typically drive upward salary trends, even if the pace varies based on local economic conditions and specific sector performance within the broader financial operations field.
Business and Financial Operations Occupations Salary Distribution in Wichita, KS
Career progression within Business and Financial Operations Occupations in Wichita, KS, typically sees a significant salary increase from entry-level to senior positions. While exact figures vary, experienced professionals can command substantially higher compensation than those just starting out. The widening salary gap between different experience levels, often reflected in percentile data, underscores the value placed on expertise, leadership, and specialized skills within the Wichita job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,420 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,475 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,050 | $35.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,125 | $47.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,710 | $60 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,300
Gross Pay
Real Wage (Purchasing Power)
$79,300
Adjusted for COL (100)
The average annual salary of $79,300 in Wichita, KS, aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Business and Financial Operations professional's salary in Wichita is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary translates directly to the national standard in terms of affordability.
Job Market Context
18,330
Total Jobs
59.717
Per 1K Jobs
0.89
Location Quotient
Wichita, KS has 0.89x 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 0.89, the Business and Financial Operations Occupations sector in Wichita, KS, is slightly less concentrated than the national average. This suggests that while these roles are present and necessary, the market is not oversaturated, and there may be opportunities for growth. It indicates a balanced job market where demand exists without intense competition from a disproportionately large talent pool.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Kansas nonmetropolitan area Business and Financial Operations Occupations Salary | $72,770↓ 8% | 67 mi |
| Enid, OK Business and Financial Operations Occupations Salary | $73,120↓ 8% | 93 mi |
Comparing salaries near Wichita, KS
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Wichita, KS?
The median annual salary for a Business and Financial Operations Occupations in Wichita, KS is $79,300. This typically ranges from $41,420 for entry-level positions to $124,710 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wichita, KS is 16.2% lower than the national median of $94,590.
Is Wichita, KS a lucrative place for Business and Financial Operations Occupationss?
No, but it offers balanced affordability.The average salary of $79,300 is below the national average, but the Cost of Living Index is also at the national average, meaning your salary's purchasing power is comparable nationally.
Is Wichita, KS a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Wichita, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wichita, KS?
Some top paying nearby cities include Kansas nonmetropolitan area ($72,770) and Enid, OK.
How does Wichita's salary for these roles compare to the national average?
The average salary of $79,300 in Wichita is lower than the national average of $94,590 for Business and Financial Operations Occupations.
What is the concentration of Business and Financial Operations jobs in Wichita?
Wichita has a concentration of 0.89 (Location Quotient), which is slightly below the national average, indicating a stable but not dominant presence of these roles.
Does experience significantly impact salary in Wichita for these roles?
Yes, as with most fields, experience plays a crucial role in salary progression, with senior roles commanding higher compensation than entry-level positions.
How does the Cost of Living in Wichita affect the perceived value of the salary?
The Cost of Living Index in Wichita is 100 (national average), meaning the $79,300 salary offers purchasing power equivalent to the national average, despite being below the national salary average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 18,330 employees in the Wichita, KS area with a job density of 59.717 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Wichita, KS
- All Occupations Salary in Wichita, KS
- Office and Administrative Support Occupations Salary in Wichita, KS
- Production Occupations Salary in Wichita, KS
- Food Preparation and Serving Related Occupations Salary in Wichita, KS
- Sales and Related Occupations Salary in Wichita, KS
- Transportation and Material Moving Occupations Salary in Wichita, KS
- Healthcare Practitioners and Technical Occupations Salary in Wichita, KS
- Business and Financial Operations Occupations Salary in Wichita, KS
- Educational Instruction and Library Occupations Salary in Wichita, KS
- Management Occupations Salary in Wichita, KS
- Browse All Jobs in Wichita, KS →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Wichita, KS