Average Business and Financial Operations Occupations Salary in Charleston-North Charleston, SC
In Charleston-North Charleston, SC, professionals in Business and Financial Operations Occupations earn an average annual salary of $91,350. This figure is slightly below the national average of $94,590, indicating a localized compensation structure influenced by regional economic factors and industry demand within the Charleston metropolitan area.
Executive Summary
- Average Salary: $91,350 per year.
- Growth Trend: Salaries have shifted 24.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $144,180.
- Outlook: The Charleston-North Charleston area supports a substantial workforce of 24,110 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.93, the concentration of these roles is nearly on par with the national average, suggesting a stable and established presence of these critical functions within the local economy, indicating consistent demand.
Salary Overview
The average Business and Financial Operations Occupations in Charleston-North Charleston, SC earns-3.4%below the national average.
$43.9
$1,757
$7,613
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 Charleston-North Charleston have experienced steady growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving industry demands, and a competitive job market.
Business and Financial Operations Occupations Salary Distribution in Charleston-North Charleston, SC
Career progression within Business and Financial Operations Occupations in Charleston-North Charleston typically sees a significant salary increase with experience. Entry-level positions might start at a lower percentile, while senior roles and specialized expertise can command salaries well above the average, with percentile gaps clearly signifying opportunities for advancement and higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,800 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,513 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,360 | $38.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,188 | $54.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $144,180 | $69.3 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$91,350
Gross Pay
Real Wage (Purchasing Power)
$91,350
Adjusted for COL (100)
The average annual salary of $91,350 in Charleston-North Charleston 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 the cost of living does not significantly diminish the real value of the compensation received by these professionals.
Job Market Context
24,110
Total Jobs
62.102
Per 1K Jobs
0.93
Location Quotient
Charleston-North Charleston, SC has 0.93x 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 0.93 indicates that Business and Financial Operations Occupations are slightly less concentrated in Charleston-North Charleston compared to the national average. This suggests a competitive job market where demand is present but not overwhelmingly concentrated, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Charleston-North Charleston, SC
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Charleston-North Charleston, SC?
The median annual salary for a Business and Financial Operations Occupations in Charleston-North Charleston, SC is $91,350. This typically ranges from $47,800 for entry-level positions to $144,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston-North Charleston, SC is 3.4% lower than the national median of $94,590.
Is Charleston-North Charleston, SC a lucrative place for Business and Financial Operations Occupationss?
Moderately lucrative, with average pay matching the cost of living.The average salary of $91,350 is slightly below the national average, but it is perfectly balanced by a Cost of Living Index of 100, meaning your earnings have average purchasing power locally.
Is Charleston-North Charleston, SC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Charleston-North Charleston, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston-North Charleston, SC?
Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($82,500) and Sumter, SC.
What is the total number of Business and Financial Operations workers in Charleston-North Charleston, SC?
There are 24,110 individuals employed in Business and Financial Operations Occupations within the Charleston-North Charleston, SC metropolitan area.
How does the Charleston-North Charleston job market for Business and Financial Operations compare to the national average?
The job market is comparable, with a Location Quotient of 0.93, indicating a slightly lower concentration of these roles than the national average, suggesting a healthy but not overly saturated market.
What is the average salary for Business and Financial Operations in Charleston-North Charleston, SC?
The average annual salary for Business and Financial Operations Occupations in Charleston-North Charleston, SC is $91,350.
How does the cost of living in Charleston-North Charleston, SC affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $91,350 salary has purchasing power equivalent to the national average, making it a fair compensation relative to local expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 24,110 employees in the Charleston-North Charleston, SC area with a job density of 62.102 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 Charleston-North Charleston, SC