Average Business and Financial Operations Occupations Salary in Rocky Mount, NC
In Rocky Mount, NC, professionals in Business and Financial Operations Occupations earn an average annual salary of $79,750. This figure is notably below the national average of $94,590, reflecting regional economic factors and the specific demand within the local market. The compensation is influenced by the concentration of these roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $79,750 per year.
- Growth Trend: Salaries have shifted 19.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,170.
- Outlook: Rocky Mount, NC, supports a local workforce of 2,660 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.73, the concentration of these roles is slightly below the national average, suggesting a stable but not hyper-concentrated job market. The presence of 48.79 jobs per 1,000 workers indicates a consistent demand for these essential business functions within the local economy.
Salary Overview
The average Business and Financial Operations Occupations in Rocky Mount, NC earns-15.7%below the national average.
$38.3
$1,534
$6,646
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Business and Financial Operations Occupations in Rocky Mount, NC, have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments, even in markets that are not experiencing explosive growth.
Business and Financial Operations Occupations Salary Distribution in Rocky Mount, NC
Career progression within Business and Financial Operations Occupations significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior roles highlights the value placed on expertise and demonstrated success in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,760 | $20.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,813 | $28.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,960 | $35.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,688 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,170 | $59.7 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$79,750
Gross Pay
Real Wage (Purchasing Power)
$79,750
Adjusted for COL (100)
The average annual salary of $79,750 in Rocky Mount, NC, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power comparably to the national average, suggesting that the cost of essential goods and services is neither a significant advantage nor a disadvantage for those earning this salary in Rocky Mount.
Job Market Context
2,660
Total Jobs
48.79
Per 1K Jobs
0.73
Location Quotient
Rocky Mount, NC has 0.73x 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 0.73 for Business and Financial Operations Occupations in Rocky Mount, NC, indicates that these roles are less concentrated locally compared to the national average. This suggests that while the jobs exist and are necessary, the market may be less competitive than in areas with higher LQs, potentially offering opportunities for skilled professionals, but also signaling that the demand might not be as robust as in national hubs.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Greenville, NC Business and Financial Operations Occupations Salary | $76,670↓ 4% | 35 mi |
| Goldsboro, NC Business and Financial Operations Occupations Salary | $75,440↓ 5% | 42 mi |
| Raleigh-Cary, NC Business and Financial Operations Occupations Salary | $90,880↑ 14% | 48 mi |
| Durham-Chapel Hill, NC Business and Financial Operations Occupations Salary | $95,160↑ 19% | 61 mi |
| Jacksonville, NC Business and Financial Operations Occupations Salary | $73,910↓ 7% | 89 mi |
Comparing salaries near Rocky Mount, NC
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Rocky Mount, NC?
The median annual salary for a Business and Financial Operations Occupations in Rocky Mount, NC is $79,750. This typically ranges from $42,760 for entry-level positions to $124,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rocky Mount, NC is 15.7% lower than the national median of $94,590.
Is Rocky Mount, NC a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $79,750 is below the national average of $94,590, indicating less lucrative compensation. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Rocky Mount, NC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Rocky Mount, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rocky Mount, NC?
Some top paying nearby cities include Greenville, NC ($76,670) and Goldsboro, NC.
How does Rocky Mount's salary compare to the national average for this field?
The average salary in Rocky Mount, NC, for Business and Financial Operations Occupations is $79,750, which is approximately $14,840 less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Rocky Mount?
The concentration, measured by the Location Quotient, is 0.73, meaning these jobs are less common in Rocky Mount relative to the national average.
How does the cost of living in Rocky Mount affect the salary?
Rocky Mount's Cost of Living Index is 100, which is the national average. Therefore, the $79,750 salary has standard purchasing power locally, neither significantly enhanced nor diminished by living costs.
What does the total workforce size suggest about the job market?
With 2,660 individuals in these roles, Rocky Mount has a substantial local workforce, indicating a steady presence of these occupations, though not necessarily rapid growth.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,660 employees in the Rocky Mount, NC area with a job density of 48.79 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 Rocky Mount, NC