Average All Occupations Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, the average annual salary for All Occupations stands at a robust $68,010, slightly surpassing the national average of $67,140. This competitive compensation reflects the dynamic economic landscape and the strong demand for skilled professionals within the Research Triangle region. The concentration of technology, research, and government sectors in Raleigh-Cary contributes significantly to this favorable salary structure.
Executive Summary
- Average Salary: $68,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,000.
- Outlook: Raleigh-Cary boasts a substantial workforce of 723,590 individuals, indicating a large and active labor market. With a Location Quotient of 1.0 for All Occupations, the area mirrors the national average in terms of job concentration. This suggests a stable and well-established job market where opportunities are consistently available, supported by the region's diverse economic base.
Salary Overview
The average All Occupations in Raleigh-Cary, NC earns+1.3%above the national average.
$32.7
$1,308
$5,668
All Occupations Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for All Occupations in a thriving metropolitan area like Raleigh-Cary have experienced steady growth. This upward trend is typically driven by inflation, increasing demand for labor, and the continuous development of key industries within the region, ensuring that compensation keeps pace with the evolving economic environment.
All Occupations Salary Distribution in Raleigh-Cary, NC
Salary progression for All Occupations in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain experience and specialize, their earning potential increases substantially, reaching senior and management roles. The widening gap between entry-level and senior salaries highlights clear career advancement pathways and the value placed on expertise within the local job market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $28,630 | $13.8 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $51,008 | $24.5 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $49,560 | $23.8 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $85,013 | $40.9 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $129,000 | $62 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$68,010
Gross Pay
Real Wage (Purchasing Power)
$68,010
Adjusted for COL (100)
The nominal average salary of $68,010 in Raleigh-Cary, NC, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the average salary is equivalent to the national average, offering a balanced financial outlook for residents. While not offering a significant cost-of-living advantage, the salary provides a stable foundation for maintaining a comparable lifestyle to that of the average American.
Job Market Context
723,590
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Raleigh-Cary, NC has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Raleigh-Cary, NC, indicates that the concentration of these jobs in the area is precisely at the national average. This suggests a balanced job market where the supply and demand for these roles are in equilibrium. While not exceptionally concentrated, this signifies a healthy and competitive environment for professionals in All Occupations, with ample opportunities available.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC All Occupations Salary | $78,130↑ 15% | 18 mi |
| Rocky Mount, NC All Occupations Salary | $51,690↓ 24% | 48 mi |
| Goldsboro, NC All Occupations Salary | $49,180↓ 28% | 49 mi |
| Burlington, NC All Occupations Salary | $51,470↓ 24% | 49 mi |
| Fayetteville, NC All Occupations Salary | $56,530↓ 17% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Raleigh-Cary, NC?
The median annual salary for a All Occupations in Raleigh-Cary, NC is $68,010. This typically ranges from $28,630 for entry-level positions to $129,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 1.3% higher than the national median of $67,140.
Is Raleigh-Cary, NC a lucrative place for All Occupationss?
Yes, Raleigh-Cary, NC offers a lucrative environment for All Occupations.The average salary of $68,010 is slightly above the national average, and with a cost of living at the national average, your earnings maintain strong purchasing power.
Is Raleigh-Cary, NC a good place to live for All Occupations?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($78,130) and Rocky Mount, NC.
How does the salary in Raleigh-Cary compare to the national average?
The average annual salary for All Occupations in Raleigh-Cary, NC is $68,010, which is slightly higher than the national average of $67,140.
What is the cost of living in Raleigh-Cary, NC?
The cost of living index in Raleigh-Cary, NC is 100, which is exactly the national average.
How large is the workforce in Raleigh-Cary, NC?
Raleigh-Cary, NC has a total local workforce of 723,590 individuals.
What does a Location Quotient of 1 mean for All Occupations in Raleigh-Cary?
A Location Quotient of 1 means that the concentration of All Occupations jobs in Raleigh-Cary is the same as the national average, indicating 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 723,590 employees in the Raleigh-Cary, NC 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 Raleigh-Cary, NC