Average Business and Financial Operations Occupations Salary in Burlington, NC
In Burlington, NC, professionals in Business and Financial Operations Occupations can expect an average annual salary of $74,260. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry concentration within the local market. The specific pay scales in Burlington are influenced by the demand for these specialized roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $74,260 per year.
- Growth Trend: Salaries have shifted 7.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,190.
- Outlook: With a local workforce of 2,540 individuals in Business and Financial Operations, and a location quotient of 0.56, the job market in Burlington, NC, indicates a moderate concentration of these roles relative to the national average. While not a primary hub, the presence of nearly 38 jobs per 1,000 workers suggests a stable, albeit less saturated, demand for financial and operational expertise.
Salary Overview
The average Business and Financial Operations Occupations in Burlington, NC earns-21.5%below the national average.
$35.7
$1,428
$6,188
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Burlington, NC, is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Burlington, NC
Within the Business and Financial Operations sector in Burlington, NC, salary progression is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive expertise and leadership, command significantly higher compensation. The widening percentile gaps between junior and senior roles highlight clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $38,440 | $18.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $55,695 | $26.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,060 | $31.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $92,825 | $44.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,190 | $55.4 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$74,260
Gross Pay
Real Wage (Purchasing Power)
$74,260
Adjusted for COL (100)
The average annual salary of $74,260 in Burlington, NC, aligns perfectly 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 income locally is equivalent to the national standard, offering a balanced financial environment for residents.
Job Market Context
2,540
Total Jobs
37.308
Per 1K Jobs
0.56
Location Quotient
Burlington, NC 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 Burlington, NC, signifies that these roles are less concentrated than the national average. This suggests that while opportunities exist, the market is not oversaturated, potentially offering a competitive edge for skilled professionals seeking employment in this field within the region.
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Burlington, NC?
The median annual salary for a Business and Financial Operations Occupations in Burlington, NC is $74,260. This typically ranges from $38,440 for entry-level positions to $115,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington, NC is 21.5% lower than the national median of $94,590.
Is Burlington, NC a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $74,260 is below the national average, though it is balanced by a cost of living index that matches the national average.
Is Burlington, NC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Burlington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($81,620) and Durham-Chapel Hill, NC.
What is the total number of Business and Financial Operations workers in Burlington, NC?
There are approximately 2,540 individuals employed in Business and Financial Operations Occupations in Burlington, NC.
How does Burlington's cost of living compare to the national average?
Burlington, NC, has a cost of living index of 100, which is exactly the same as the national average.
Are Business and Financial Operations jobs common in Burlington, NC?
With 37.308 jobs per 1,000 workers and a location quotient of 0.56, these roles are present but less concentrated than the national average.
How does experience impact salary for these roles in Burlington?
Experience significantly influences salary, with senior-level positions offering substantially higher compensation than entry-level roles, indicating a clear career progression path.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,540 employees in the Burlington, NC area with a job density of 37.308 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 Burlington, NC