Average Business and Financial Operations Occupations Salary in Wyoming
In Wyoming, professionals in Business and Financial Operations Occupations can expect an average annual salary of $85,840. This figure is notably lower than the national average of $94,590, reflecting the unique economic landscape and demand specific to the state. Factors such as industry concentration and the overall size of the state's economy contribute to this localized pay scale.
Executive Summary
- Average Salary: $85,840 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,610.
- Outlook: Wyoming's market for Business and Financial Operations roles is supported by a workforce of 13,030 individuals. The location quotient of 0.7 suggests that these roles are slightly less concentrated than the national average, indicating a potentially stable but not oversaturated job market. With approximately 46.77 jobs per 1,000 workers, the demand appears consistent within the state's economic framework.
Salary Overview
The average Business and Financial Operations Occupations in Wyoming earns-9.3%below the national average.
$41.3
$1,651
$7,153
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 roles in Wyoming have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs within the state likely contribute to a steady, albeit potentially modest, upward trajectory in compensation for these professionals.
Business and Financial Operations Occupations Salary Distribution in Wyoming
Career progression within Business and Financial Operations Occupations in Wyoming typically correlates with increased salary. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive experience, specialized skills, and leadership capabilities will see significantly higher compensation. The widening salary gap between different experience levels, often seen across various percentiles, underscores the opportunities for substantial income growth throughout one's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,500 | $21.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,380 | $31 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,850 | $36.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,300 | $51.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,610 | $62.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$85,840
Gross Pay
Real Wage (Purchasing Power)
$92,500
Adjusted for COL (92.8)
The average annual salary of $85,840 in Wyoming presents a favorable financial situation when considered against the local Cost of Living Index of 92.8. Since the index is below the national average of 100, the nominal salary earned by professionals in this field will likely have greater purchasing power within Wyoming compared to higher cost-of-living areas, making it an attractive proposition for those seeking financial efficiency.
Job Market Context
13,030
Total Jobs
46.77
Per 1K Jobs
0.7
Location Quotient
Wyoming has 0.70x 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 0.7, Business and Financial Operations Occupations are less concentrated in Wyoming compared to the national average. This suggests that while these roles are present and necessary, the market is not as saturated as in other states. Professionals in this field may find a balance between available opportunities and a less intensely competitive environment, potentially allowing for more focused career advancement.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Casper, WY Business and Financial Operations Occupations Salary | $86,320↑ 1% | 50 mi |
Comparing salaries near Wyoming
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Wyoming?
The median annual salary for a Business and Financial Operations Occupations in Wyoming is $85,840. This typically ranges from $44,500 for entry-level positions to $130,610 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wyoming is 9.3% lower than the national median of $94,590.
Is Wyoming a lucrative place for Business and Financial Operations Occupationss?
Yes, with a caveat regarding cost of living.While the average salary of $85,840 is below the national average, Wyoming's lower cost of living (92.8 index) means your earnings can stretch further. The market is also less concentrated, offering a stable environment for these roles.
Is Wyoming a good place to live for Business and Financial Operations Occupations?
With a Cost of Living Index of 92.8 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Wyoming?
Some top paying nearby cities include Casper, WY ($86,320) and others.
How does Wyoming's average salary for Business and Financial Operations compare to the national average?
The average annual salary in Wyoming for these roles is $85,840, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Wyoming?
Wyoming has a location quotient of 0.7 for these occupations, indicating they are less concentrated than the national average.
How many Business and Financial Operations jobs are there per 1,000 workers in Wyoming?
There are approximately 46.77 jobs per 1,000 workers in Business and Financial Operations in Wyoming.
Does the cost of living in Wyoming affect the perceived value of the salary?
Yes, Wyoming's cost of living index of 92.8 is below the national average, meaning the $85,840 salary offers a relatively higher purchasing power locally.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 13,030 employees in the Wyoming area with a job density of 46.77 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 Wyoming