Average Business and Financial Operations Occupations Salary in Spartanburg, SC
In Spartanburg, SC, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,670. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand in Spartanburg play a significant role in compensation levels. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $83,670 per year.
- Growth Trend: Salaries have shifted 11.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $133,110.
- Outlook: With a local workforce of 5,940 individuals in Business and Financial Operations Occupations, Spartanburg presents a moderate employment landscape for these roles. The location quotient of 0.54 indicates that this sector is less concentrated in Spartanburg compared to the national average, suggesting that while opportunities exist, the field is not as dominant as in other regions. The rate of 36.229 jobs per 1,000 workers provides a benchmark for local employment density in this sector.
Salary Overview
The average Business and Financial Operations Occupations in Spartanburg, SC earns-11.5%below the national average.
$40.2
$1,609
$6,973
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Spartanburg's Business and Financial Operations Occupations is not provided, it is generally assumed that salaries within this sector have experienced steady growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for specialized financial expertise typically drive upward salary adjustments across most metropolitan areas, and Spartanburg is likely no exception.
Business and Financial Operations Occupations Salary Distribution in Spartanburg, SC
Salary progression within Business and Financial Operations Occupations is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while mid-career professionals with proven track records and specialized skills can expect significantly higher compensation. Senior roles, often involving strategic decision-making and leadership, represent the upper echelons of the salary spectrum, with substantial percentile gaps between junior and senior positions reflecting significant career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,530 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,753 | $30.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,680 | $35.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,588 | $50.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $133,110 | $64 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,670
Gross Pay
Real Wage (Purchasing Power)
$83,670
Adjusted for COL (100)
The average annual salary of $83,670 in Spartanburg, SC, aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a salary in Spartanburg is equivalent to the national average. Therefore, the nominal salary of $83,670 effectively translates to a comparable standard of living when compared to the rest of the United States, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
5,940
Total Jobs
36.229
Per 1K Jobs
0.54
Location Quotient
Spartanburg, SC has 0.54x 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 0.54 for Business and Financial Operations Occupations in Spartanburg, SC, indicates that this sector is less concentrated locally than the national average. This suggests a less competitive market in terms of the sheer number of professionals in this field relative to the overall workforce. While this might imply fewer job openings compared to highly concentrated areas, it could also mean less intense competition for available positions, potentially offering unique opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Business and Financial Operations Occupations Salary | $83,240↓ 1% | 26 mi |
| Asheville, NC Business and Financial Operations Occupations Salary | $80,330↓ 4% | 56 mi |
| Charlotte-Concord-Gastonia, NC-SC Business and Financial Operations Occupations Salary | $106,590↑ 27% | 64 mi |
| Hickory-Lenoir-Morganton, NC Business and Financial Operations Occupations Salary | $74,380↓ 11% | 65 mi |
| Columbia, SC Business and Financial Operations Occupations Salary | $80,160↓ 4% | 85 mi |
Comparing salaries near Spartanburg, SC
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Spartanburg, SC?
The median annual salary for a Business and Financial Operations Occupations in Spartanburg, SC is $83,670. This typically ranges from $43,530 for entry-level positions to $133,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 11.5% lower than the national median of $94,590.
Is Spartanburg, SC a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to the national average.The average salary of $83,670 is below the national average of $94,590, indicating lower compensation. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Spartanburg, SC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($83,240) and Asheville, NC.
How does Spartanburg's salary compare to the national average for this field?
The average salary in Spartanburg, SC, for Business and Financial Operations Occupations is $83,670, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Spartanburg?
The location quotient is 0.54, meaning the concentration of these jobs in Spartanburg is about half the national average.
How does the cost of living in Spartanburg affect salary perception?
Spartanburg's Cost of Living Index is 100, which is the national average. This means the $83,670 salary has the same purchasing power as the national average salary.
What is the total workforce size for these occupations in Spartanburg?
There are 5,940 individuals employed in Business and Financial Operations Occupations in Spartanburg, SC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,940 employees in the Spartanburg, SC area with a job density of 36.229 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 Spartanburg, SC