Average Business and Financial Operations Occupations Salary in Florence, SC
In Florence, SC, professionals in Business and Financial Operations Occupations can expect an average annual salary of $75,360. This figure is notably below the national average of $94,590, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation levels in this South Carolina locale.
Executive Summary
- Average Salary: $75,360 per year.
- Growth Trend: Salaries have shifted 23.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,540.
- Outlook: The Florence, SC market for Business and Financial Operations Occupations employs a local workforce of 3,110 individuals. With a Location Quotient of 0.52, this sector is less concentrated than the national average, indicating a potentially less saturated but also less specialized local job market. The presence of 34.587 jobs per 1,000 workers suggests a steady, albeit not overwhelmingly robust, demand for these roles within the region.
Salary Overview
The average Business and Financial Operations Occupations in Florence, SC earns-20.3%below the national average.
$36.2
$1,449
$6,280
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Florence, SC is not provided, it is generally assumed that salaries for Business and Financial Operations Occupations have experienced a gradual upward trend over the past four years, mirroring national economic recovery and inflation adjustments. This growth is typically driven by increasing demand for financial expertise and operational efficiency across various industries.
Business and Financial Operations Occupations Salary Distribution in Florence, SC
Career progression within Business and Financial Operations Occupations in Florence, SC, typically sees a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the higher percentiles, reflecting a substantial earning potential as expertise deepens.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,340 | $18.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,520 | $27.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $65,840 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,200 | $45.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,540 | $57 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$75,360
Gross Pay
Real Wage (Purchasing Power)
$75,360
Adjusted for COL (100)
The average annual salary of $75,360 in Florence, SC, 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 salary locally is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
3,110
Total Jobs
34.587
Per 1K Jobs
0.52
Location Quotient
Florence, SC has 0.52x 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 0.52, the Business and Financial Operations Occupations sector in Florence, SC, is less concentrated than the national average. This suggests that while there are opportunities, the market is not as saturated with these specialized roles compared to national hubs, potentially offering a competitive edge for skilled professionals seeking employment.
Nearby Job Markets
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Florence, SC?
The median annual salary for a Business and Financial Operations Occupations in Florence, SC is $75,360. This typically ranges from $39,340 for entry-level positions to $118,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 20.3% lower than the national median of $94,590.
Is Florence, SC a lucrative place for Business and Financial Operations Occupationss?
No, not compared to the national average.The average salary of $75,360 is significantly lower than the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Florence, SC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($78,580) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the Florence, SC salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Florence, SC, is $75,360, which is below the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Florence, SC?
The Location Quotient for these roles in Florence, SC, is 0.52, indicating a lower concentration compared to the national average.
How does the cost of living in Florence, SC affect salary perception?
Florence, SC, has a Cost of Living Index of 100, which is the national average. This means the $75,360 salary has purchasing power equivalent to the national average, despite being lower nominally.
What is the total workforce size for these occupations in Florence, SC?
There are 3,110 individuals employed in Business and Financial Operations Occupations in Florence, SC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,110 employees in the Florence, SC area with a job density of 34.587 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 Florence, SC