Average Business and Financial Operations Occupations Salary in Greensboro-High Point, NC
In Greensboro-High Point, NC, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,620. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand dynamics within the local market. While the nominal salary may seem lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $81,620 per year.
- Growth Trend: Salaries have shifted 11.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,000.
- Outlook: The Greensboro-High Point area supports a substantial workforce of 19,660 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.82, the concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated market. The presence of 54.821 jobs per 1,000 workers indicates a consistent demand for these essential business functions.
Salary Overview
The average Business and Financial Operations Occupations in Greensboro-High Point, NC earns-13.7%below the national average.
$39.2
$1,570
$6,802
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 most metropolitan areas, including Greensboro-High Point, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for skilled professionals, and the evolving complexity of financial operations.
Business and Financial Operations Occupations Salary Distribution in Greensboro-High Point, NC
Salary progression within Business and Financial Operations Occupations is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect substantially higher compensation. The widening gap between entry-level and senior-level salaries highlights clear career progression pathways and the increasing value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,610 | $20.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,215 | $29.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,700 | $35 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,025 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,000 | $63 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$81,620
Gross Pay
Real Wage (Purchasing Power)
$81,620
Adjusted for COL (100)
The average annual salary of $81,620 in Greensboro-High Point aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the nominal salary figure more representative of real income compared to areas with a higher or lower cost of living.
Job Market Context
19,660
Total Jobs
54.821
Per 1K Jobs
0.82
Location Quotient
Greensboro-High Point, NC has 0.82x 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 0.82 indicates that Business and Financial Operations Occupations are slightly less concentrated in Greensboro-High Point compared to the national average. This suggests that while the job market is robust enough to support a significant number of professionals, there may be opportunities for those seeking to enter the field or for employers looking to attract talent from outside the region.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Greensboro-High Point, NC
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Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Greensboro-High Point, NC?
The median annual salary for a Business and Financial Operations Occupations in Greensboro-High Point, NC is $81,620. This typically ranges from $42,610 for entry-level positions to $131,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greensboro-High Point, NC is 13.7% lower than the national median of $94,590.
Is Greensboro-High Point, NC a lucrative place for Business and Financial Operations Occupationss?
No, but it offers good value.While the average salary of $81,620 is below the national average, the cost of living is exactly at the national average. This means your earnings have equivalent purchasing power to the national average.
Is Greensboro-High Point, NC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Greensboro-High Point, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greensboro-High Point, NC?
Some top paying nearby cities include Burlington, NC ($74,260) and Winston-Salem, NC.
How does the Greensboro-High Point salary compare to the national average?
The average salary for Business and Financial Operations Occupations in Greensboro-High Point is $81,620, which is lower than the national average of $94,590.
What is the Cost of Living in Greensboro-High Point, NC?
Greensboro-High Point, NC has a Cost of Living Index of 100, which is exactly the national average.
How many Business and Financial Operations professionals work in Greensboro-High Point?
There are approximately 19,660 individuals employed in Business and Financial Operations Occupations in the Greensboro-High Point area.
Is there high demand for Business and Financial Operations roles in Greensboro-High Point?
With 54.821 jobs per 1,000 workers and a Location Quotient of 0.82, the demand is stable and slightly below the national concentration, indicating a healthy but not overly competitive market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 19,660 employees in the Greensboro-High Point, NC area with a job density of 54.821 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 Greensboro-High Point, NC