Average All Occupations Salary in Myrtle Beach-Conway-North Myrtle Beach, SC
In Myrtle Beach-Conway-North Myrtle Beach, SC, the average annual salary for All Occupations stands at $47,560. This figure is notably below the national average of $67,140, reflecting the specific economic dynamics and industry concentrations within this South Carolina region. Localized pay rates are often influenced by factors such as the cost of living, regional demand, and the prevalence of specific industries.
Executive Summary
- Average Salary: $47,560 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,760.
- Outlook: The Myrtle Beach-Conway-North Myrtle Beach, SC area boasts a substantial workforce of 144,400 individuals. With a Location Quotient of 1, the concentration of All Occupations in this region mirrors the national average, suggesting a stable and established presence within the local economy. This indicates a consistent demand for these roles, supported by the significant number of workers employed.
Salary Overview
The average All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC earns-29.2%below the national average.
$22.9
$915
$3,963
All Occupations Salary Trends (2020-2024)
While specific historical data for this granular dataset is not provided, it is generally observed that salaries across most occupations experience incremental growth over a four-year period, driven by inflation, increased demand, and evolving skill requirements. This trend likely applies to All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC, suggesting a gradual upward trajectory in average earnings.
All Occupations Salary Distribution in Myrtle Beach-Conway-North Myrtle Beach, SC
Salary progression for All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC, typically scales with experience. Entry-level positions will command lower salaries, often falling within the lower percentiles, while senior or highly specialized roles will reach the upper percentiles. The widening gap between these percentiles signifies substantial career growth and increased earning potential as professionals gain expertise and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $21,800 | $10.5 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $35,670 | $17.1 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $36,510 | $17.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $59,450 | $28.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $80,760 | $38.8 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$47,560
Gross Pay
Real Wage (Purchasing Power)
$47,560
Adjusted for COL (100)
The nominal average annual salary of $47,560 in Myrtle Beach-Conway-North Myrtle Beach, SC, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of the average salary in this region is equivalent to the national average, indicating that while salaries are lower than the national average, the cost of essential goods and services is also at par.
Job Market Context
144,400
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Myrtle Beach-Conway-North Myrtle Beach, SC has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1 for All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC, signifies that the concentration of these jobs within the local workforce is precisely in line with the national average. This suggests a balanced job market where the demand and supply for these roles are neither exceptionally high nor low compared to the rest of the country, indicating a competitive yet stable employment landscape.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Florence, SC All Occupations Salary | $53,800↑ 13% | 61 mi |
| Wilmington, NC All Occupations Salary | $56,030↑ 18% | 67 mi |
| Charleston-North Charleston, SC All Occupations Salary | $61,670↑ 30% | 88 mi |
| Sumter, SC All Occupations Salary | $51,930↑ 9% | 88 mi |
| Fayetteville, NC All Occupations Salary | $56,530↑ 19% | 95 mi |
Comparing salaries near Myrtle Beach-Conway-North Myrtle Beach, SC
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Myrtle Beach-Conway-North Myrtle Beach, SC?
The median annual salary for a All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC is $47,560. This typically ranges from $21,800 for entry-level positions to $80,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Myrtle Beach-Conway-North Myrtle Beach, SC is 29.2% lower than the national median of $67,140.
Is Myrtle Beach-Conway-North Myrtle Beach, SC a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $47,560 is significantly lower than the national average of $67,140. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Myrtle Beach-Conway-North Myrtle Beach, SC a good place to live for All Occupations?
The Cost of Living Index in Myrtle Beach-Conway-North Myrtle Beach, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Myrtle Beach-Conway-North Myrtle Beach, SC?
Some top paying nearby cities include Florence, SC ($53,800) and Wilmington, NC.
What is the average salary for All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC?
The average annual salary for All Occupations in Myrtle Beach-Conway-North Myrtle Beach, SC is $47,560.
How does the Myrtle Beach salary compare to the national average?
The average salary in Myrtle Beach-Conway-North Myrtle Beach, SC ($47,560) is considerably lower than the national average of $67,140 for All Occupations.
What is the cost of living in Myrtle Beach-Conway-North Myrtle Beach, SC?
The Cost of Living Index for Myrtle Beach-Conway-North Myrtle Beach, SC is 100, which is exactly the national average.
How concentrated are All Occupations jobs in Myrtle Beach-Conway-North Myrtle Beach, SC?
The concentration of All Occupations jobs in this region, indicated by a Location Quotient of 1, is the same as the national average, suggesting a balanced job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 144,400 employees in the Myrtle Beach-Conway-North Myrtle Beach, SC area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Myrtle Beach-Conway-North Myrtle Beach, SC