Average Business and Financial Operations Occupations Salary in Yakima, WA
In Yakima, WA, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,840. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and regional economic factors play a significant role in compensation levels within this sector in Yakima.
Executive Summary
- Average Salary: $82,840 per year.
- Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,930.
- Outlook: With a local workforce of 3,710 individuals in Business and Financial Operations, and a Location Quotient of 0.56, the job market in Yakima indicates a lower concentration of these roles compared to the national average. While the number of jobs per 1,000 workers stands at 37.61, the sub-average LQ suggests that opportunities may be less abundant or specialized, potentially impacting overall demand and career progression within this specific occupational group in the region.
Salary Overview
The average Business and Financial Operations Occupations in Yakima, WA earns-12.4%below the national average.
$39.8
$1,593
$6,903
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Yakima's Business and Financial Operations sector is not provided, it is generally assumed that salaries within this field have experienced consistent, albeit potentially modest, growth over the past four years, mirroring broader economic trends and inflation adjustments. This gradual increase would typically reflect evolving market demands and the increasing value placed on financial expertise.
Business and Financial Operations Occupations Salary Distribution in Yakima, WA
Salary progression for Business and Financial Operations roles in Yakima, as elsewhere, is typically tied to experience and specialization. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, potentially reaching the upper percentiles. The widening gap between entry-level and senior roles signifies 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) | $49,930 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,130 | $29.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,840 | $36.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,550 | $49.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,930 | $59.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,840
Gross Pay
Real Wage (Purchasing Power)
$82,840
Adjusted for COL (100)
The average annual salary of $82,840 in Yakima 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 standard, making the effective take-home value of the salary comparable to the national level.
Job Market Context
3,710
Total Jobs
37.61
Per 1K Jobs
0.56
Location Quotient
Yakima, WA has 0.56x 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 0.56 for Business and Financial Operations Occupations in Yakima signifies that this sector is less concentrated than the national average. This suggests that the job market may be less competitive in terms of the sheer number of professionals vying for positions, but it could also imply fewer specialized roles or a smaller overall industry presence compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Yakima, WA
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Yakima, WA?
The median annual salary for a Business and Financial Operations Occupations in Yakima, WA is $82,840. This typically ranges from $49,930 for entry-level positions to $122,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Yakima, WA is 12.4% lower than the national median of $94,590.
Is Yakima, WA a lucrative place for Business and Financial Operations Occupationss?
No, not when compared to national averages.The average salary of $82,840 is below the national average, and the lower location quotient suggests less market concentration. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Yakima, WA a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Yakima, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Yakima, WA?
Some top paying nearby cities include Wenatchee-East Wenatchee, WA ($86,020) and Kennewick-Richland, WA.
How does Yakima's salary for Business and Financial Operations compare to the national average?
The average annual salary in Yakima is $82,840, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Yakima?
Yakima has a Location Quotient of 0.56, indicating that these occupations are less concentrated in the area compared to the national average.
How does the cost of living in Yakima affect the salary?
Yakima's Cost of Living Index is 100, which is the national average. This means the $82,840 salary has the same purchasing power in Yakima as the national average salary has nationwide.
What is the total workforce size for Business and Financial Operations in Yakima?
There are 3,710 individuals employed in Business and Financial Operations Occupations in Yakima, WA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,710 employees in the Yakima, WA area with a job density of 37.61 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 Yakima, WA