Average Business and Financial Operations Occupations Salary in Youngstown-Warren, OH
In Youngstown-Warren, OH, professionals in Business and Financial Operations Occupations earn an average annual salary of $73,120. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the Youngstown-Warren area. Local market dynamics and the concentration of these roles significantly influence compensation levels.
Executive Summary
- Average Salary: $73,120 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,170.
- Outlook: The Youngstown-Warren area supports a local workforce of 6,110 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.57, these roles are less concentrated than the national average, suggesting a potentially less saturated but also perhaps less robustly developed market for these specialized positions. The presence of nearly 39 jobs per 1,000 workers indicates a steady, albeit not dominant, demand within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Youngstown-Warren, OH earns-22.7%below the national average.
$35.2
$1,406
$6,093
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations in Youngstown-Warren, OH, have experienced moderate growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of business operations, leading to incremental salary adjustments for professionals in this field.
Business and Financial Operations Occupations Salary Distribution in Youngstown-Warren, OH
Career progression within Business and Financial Operations Occupations in Youngstown-Warren, OH, is marked by significant salary increases with experience. Entry-level positions typically command lower salaries, while senior roles, requiring specialized skills and extensive experience, can see compensation rise considerably. The widening gap between entry-level and senior-level salaries underscores the value placed on expertise and demonstrated success in the field, offering clear financial incentives for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,840 | $18.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,840 | $26.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,410 | $31 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,400 | $43.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,170 | $55.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$73,120
Gross Pay
Real Wage (Purchasing Power)
$73,120
Adjusted for COL (100)
The average annual salary of $73,120 in Youngstown-Warren, OH, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that while the absolute salary is lower than the national average, the cost of goods and services locally does not necessitate a higher income to maintain a comparable standard of living.
Job Market Context
6,110
Total Jobs
38.092
Per 1K Jobs
0.57
Location Quotient
Youngstown-Warren, OH has 0.57x 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 0.57, Business and Financial Operations Occupations are less prevalent in Youngstown-Warren, OH, compared to the national average. This indicates that the job market for these roles is less competitive and potentially offers fewer opportunities relative to other industries or geographic areas. Professionals might find a more specialized niche, but the overall abundance of these specific jobs is lower than the national benchmark.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Business and Financial Operations Occupations Salary | $74,280↑ 2% | 43 mi |
| Akron, OH Business and Financial Operations Occupations Salary | $80,650↑ 10% | 46 mi |
| Weirton-Steubenville, WV-OH Business and Financial Operations Occupations Salary | $69,490↓ 5% | 48 mi |
| Pittsburgh, PA Business and Financial Operations Occupations Salary | $83,840↑ 15% | 57 mi |
| Cleveland, OH Business and Financial Operations Occupations Salary | $84,290↑ 15% | 60 mi |
Comparing salaries near Youngstown-Warren, OH
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Youngstown-Warren, OH?
The median annual salary for a Business and Financial Operations Occupations in Youngstown-Warren, OH is $73,120. This typically ranges from $38,840 for entry-level positions to $115,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Youngstown-Warren, OH is 22.7% lower than the national median of $94,590.
Is Youngstown-Warren, OH a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $73,120 is significantly lower than the national average of $94,590. While the cost of living is average, the nominal pay does not reflect lucrative national compensation trends for these roles.
Is Youngstown-Warren, OH a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Youngstown-Warren, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Youngstown-Warren, OH?
Some top paying nearby cities include Canton-Massillon, OH ($74,280) and Akron, OH.
How does the local workforce size impact job opportunities?
A local workforce of 6,110 suggests a stable presence of these professionals, but the lower Location Quotient indicates that these roles are not a dominant sector, potentially leading to fewer specialized openings compared to larger metropolitan areas.
What does a Location Quotient of 0.57 mean for job seekers?
A Location Quotient below 1.0 signifies that Business and Financial Operations Occupations are less concentrated in Youngstown-Warren than nationally. This could mean less competition for certain roles but also a smaller overall job market for these specific positions.
How does the Cost of Living affect the perceived salary?
With a Cost of Living Index of 100, the $73,120 salary has the same purchasing power as the national average. Therefore, the lower salary is somewhat offset by the average cost of living, making the take-home pay's value comparable to the national standard.
Are there many Business and Financial Operations jobs per capita in Youngstown-Warren?
There are approximately 38.092 jobs per 1,000 workers in Business and Financial Operations Occupations. This rate indicates a consistent presence of these roles within the local economy, though not at a level that signifies exceptional demand or concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,110 employees in the Youngstown-Warren, OH area with a job density of 38.092 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 Youngstown-Warren, OH