SalaryNode

Average Business and Financial Operations Occupations Salary in South Carolina

In South Carolina, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,180. This figure is notably below the national average of $94,590, reflecting regional economic factors and industry demand specific to the state. The local economic landscape and the concentration of related industries play a significant role in shaping compensation levels for these vital roles.

Executive Summary

  • Average Salary: $85,180 per year.
  • Growth Trend: Salaries have shifted 20.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $134,600.
  • Outlook: South Carolina boasts a substantial workforce of 119,780 individuals in Business and Financial Operations Occupations. With a Location Quotient of 0.79, the state's concentration of these roles is slightly below the national average, suggesting a stable but not overly saturated market. The presence of over 52 jobs per 1,000 workers indicates a consistent demand for skilled professionals in this sector within the state.
2024 Market Data

Salary Overview

$85,180

The average Business and Financial Operations Occupations in South Carolina earns-9.9%below the national average.

BreakdownBased on 40h/week
Hourly

$41

Weekly

$1,638

Monthly

$7,098

Business and Financial Operations Occupations Salary Distribution in South Carolina

Career progression within Business and Financial Operations Occupations in South Carolina typically leads to significant salary increases. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial career advancement and earning potential available as one moves from junior to senior roles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$43,480$20.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$63,885$30.7
ManagerOversees team, compliance, and project delivery.50% (Median)$75,490$36.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$106,475$51.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$134,600$64.7

Detailed Business and Financial Operations Occupations Market Analysis

Relocation Context

Nominal Salary

$85,180

Gross Pay

Real Wage (Purchasing Power)

$88,822

Adjusted for COL (95.9)

The average annual salary of $85,180 in South Carolina presents a favorable financial picture when considering the local cost of living. With a Cost of Living Index of 95.9, South Carolina is slightly more affordable than the national average (100). This means that the nominal salary earned can translate into a higher effective purchasing power for residents, making the state an attractive option for financial professionals seeking a good balance between income and expenses.

Job Market Context

119,780

Total Jobs

52.726

Per 1K Jobs

0.79

Location Quotient

Below Average

South Carolina has 0.79x 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.

The Location Quotient of 0.79 for Business and Financial Operations Occupations in South Carolina indicates that these roles are slightly less concentrated than the national average. This suggests that while the job market is robust, with 52.726 jobs per 1,000 workers, there may be opportunities for skilled professionals to find positions without facing extreme competition. The market is neither overly saturated nor exceptionally scarce, presenting a balanced environment for job seekers and employers.

Nearby Job Markets

Nearby Cities for Business and Financial Operations Occupations

CitySalaryDist.
Columbia, SC Business and Financial Operations Occupations Salary$80,160↓ 6%13 mi
Sumter, SC Business and Financial Operations Occupations Salary$78,580↓ 8%32 mi
Florence, SC Business and Financial Operations Occupations Salary$75,360↓ 12%70 mi
Augusta-Richmond County, GA-SC Business and Financial Operations Occupations Salary$84,220↓ 1%73 mi
Charleston-North Charleston, SC Business and Financial Operations Occupations Salary$91,350↑ 7%91 mi

Comparing salaries near South Carolina

Hiring Business and Financial Operations Occupationss?

Frequently Asked Questions

How much does a Business and Financial Operations Occupations make in South Carolina?

The median annual salary for a Business and Financial Operations Occupations in South Carolina is $85,180. This typically ranges from $43,480 for entry-level positions to $134,600 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Carolina is 9.9% lower than the national median of $94,590.

Is South Carolina a lucrative place for Business and Financial Operations Occupationss?

Yes, with a caveat regarding national averages.While the average salary of $85,180 is below the national average, South Carolina's lower cost of living index of 95.9 enhances the purchasing power of this salary.

Is South Carolina a good place to live for Business and Financial Operations Occupations?

With a Cost of Living Index of 95.9 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near South Carolina?

Some top paying nearby cities include Columbia, SC ($80,160) and Sumter, SC.

How does South Carolina's average salary compare to the national average for this field?

The average annual salary for Business and Financial Operations Occupations in South Carolina is $85,180, which is lower than the national average of $94,590.

What is the concentration of Business and Financial Operations jobs in South Carolina?

South Carolina has a Location Quotient of 0.79 for these occupations, indicating a slightly lower concentration compared to the national average.

How does the cost of living in South Carolina affect the salary?

With a Cost of Living Index of 95.9, South Carolina is more affordable than the national average, meaning the $85,180 salary may offer greater purchasing power locally.

What is the total workforce size for Business and Financial Operations Occupations in South Carolina?

There are approximately 119,780 individuals employed in Business and Financial Operations Occupations in South Carolina.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 119,780 employees in the South Carolina area with a job density of 52.726 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in South Carolina