Average Business and Financial Operations Occupations Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, professionals in Business and Financial Operations Occupations earn an average annual salary of $90,880. This figure is slightly below the national average of $94,590, suggesting a nuanced compensation landscape within this dynamic metropolitan area. Local economic factors and industry concentration play a significant role in shaping these pay scales.
Executive Summary
- Average Salary: $90,880 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,660.
- Outlook: The Raleigh-Cary region boasts a substantial workforce of 61,470 individuals within Business and Financial Operations Occupations. With a Location Quotient of 1.27, this sector is more concentrated here than the national average, indicating a robust and potentially growing demand for these specialized roles. The high number of jobs per 1,000 workers further underscores the significance of this field within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Raleigh-Cary, NC earns-3.9%below the national average.
$43.7
$1,748
$7,573
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 a growing metropolitan area like Raleigh-Cary have experienced steady growth over the past four years. This upward trend is often driven by increasing demand, inflation, and the continuous need for skilled professionals in financial management and business analysis.
Business and Financial Operations Occupations Salary Distribution in Raleigh-Cary, NC
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise and leadership can significantly increase earning potential. The percentile gaps between different experience levels highlight clear pathways for career advancement and increased compensation within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,570 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,160 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,490 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,600 | $54.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,660 | $67.1 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$90,880
Gross Pay
Real Wage (Purchasing Power)
$90,880
Adjusted for COL (100)
The average annual salary of $90,880 in Raleigh-Cary, NC, aligns perfectly with the local Cost of Living Index of 100, which is on par with the national average. This means that the purchasing power of the salary is comparable to the national standard, offering a stable financial environment for residents without the added pressure of higher living expenses.
Job Market Context
61,470
Total Jobs
84.955
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Raleigh-Cary, NC has a slightly higher-than-average concentration of Business and Financial Operations Occupations roles compared to the national norm.
With a Location Quotient of 1.27, the Raleigh-Cary market demonstrates a notable concentration of Business and Financial Operations Occupations compared to the national average. This suggests a competitive yet abundant job market, where employers actively seek talent, and professionals have a good selection of opportunities within their field.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Business and Financial Operations Occupations Salary | $95,160↑ 5% | 18 mi |
| Rocky Mount, NC Business and Financial Operations Occupations Salary | $79,750↓ 12% | 48 mi |
| Goldsboro, NC Business and Financial Operations Occupations Salary | $75,440↓ 17% | 49 mi |
| Burlington, NC Business and Financial Operations Occupations Salary | $74,260↓ 18% | 49 mi |
| Fayetteville, NC Business and Financial Operations Occupations Salary | $85,120↓ 6% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Raleigh-Cary, NC?
The median annual salary for a Business and Financial Operations Occupations in Raleigh-Cary, NC is $90,880. This typically ranges from $48,570 for entry-level positions to $139,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 3.9% lower than the national median of $94,590.
Is Raleigh-Cary, NC a lucrative place for Business and Financial Operations Occupations?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living being exactly at the national average makes Raleigh-Cary a financially stable location for these professionals.
Is Raleigh-Cary, NC a good place to live for Business and Financial Operations 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 ($95,160) and Rocky Mount, NC.
How does the Raleigh-Cary salary compare to the national average?
The average annual salary for Business and Financial Operations Occupations in Raleigh-Cary is $90,880, which is slightly lower than the national average of $94,590.
What is the significance of the Location Quotient in Raleigh-Cary?
A Location Quotient of 1.27 indicates that Business and Financial Operations Occupations are 27% more concentrated in Raleigh-Cary than the national average, suggesting a strong presence and demand for these roles.
How does the cost of living affect the salary in Raleigh-Cary?
The cost of living in Raleigh-Cary is 100, matching the national average. This means the $90,880 salary offers purchasing power equivalent to the national standard.
What does the job market look like for these roles in Raleigh-Cary?
The market is robust, with a significant local workforce and a higher-than-average concentration of jobs in Business and Financial Operations Occupations, indicating good employment prospects.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 61,470 employees in the Raleigh-Cary, NC area with a job density of 84.955 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 Raleigh-Cary, NC