Average Business and Financial Operations Occupations Salary in Wilmington, NC
In Wilmington, NC, professionals in Business and Financial Operations Occupations earn an average annual salary of $82,530. This figure is notably below the national average of $94,590, suggesting that local economic factors and industry demand play a significant role in compensation within this region.
Executive Summary
- Average Salary: $82,530 per year.
- Growth Trend: Salaries have shifted 15.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,620.
- Outlook: Wilmington, NC hosts a substantial workforce of 9,770 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.78, the concentration of these roles is slightly below the national average, indicating a stable but not overly saturated job market. The presence of over 52 jobs per 1,000 workers signifies consistent demand for these essential functions.
Salary Overview
The average Business and Financial Operations Occupations in Wilmington, NC earns-12.7%below the national average.
$39.7
$1,587
$6,878
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Wilmington is not provided, it is reasonable to assume that salaries for Business and Financial Operations Occupations in the area have experienced growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for financial expertise, and the evolving complexity of business operations.
Business and Financial Operations Occupations Salary Distribution in Wilmington, NC
Salary progression within Business and Financial Operations Occupations in Wilmington, NC, is strongly tied to experience. Entry-level positions typically command salaries at the lower percentiles, while seasoned professionals with specialized skills and a proven track record can expect to earn significantly more, reaching the higher percentiles. These percentile gaps clearly signify opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,290 | $20.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,898 | $29.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,970 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $103,163 | $49.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,620 | $61.8 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$82,530
Gross Pay
Real Wage (Purchasing Power)
$82,530
Adjusted for COL (100)
The average annual salary of $82,530 in Wilmington, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the local salary is equivalent to the national average, offering a balanced financial standing for residents.
Job Market Context
9,770
Total Jobs
52.291
Per 1K Jobs
0.78
Location Quotient
Wilmington, NC has 0.78x 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.
With a Location Quotient of 0.78, Wilmington, NC, has a slightly lower concentration of Business and Financial Operations Occupations compared to the national average. This suggests that while the demand exists, the market is not as intensely competitive as in some larger metropolitan areas, potentially offering more opportunities for skilled professionals to establish themselves.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
| City | Salary | Dist. |
|---|---|---|
| Jacksonville, NC Business and Financial Operations Occupations Salary | $73,910↓ 10% | 46 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Business and Financial Operations Occupations Salary | $75,900↓ 8% | 67 mi |
| Goldsboro, NC Business and Financial Operations Occupations Salary | $75,440↓ 9% | 81 mi |
| Fayetteville, NC Business and Financial Operations Occupations Salary | $85,120↑ 3% | 87 mi |
| Greenville, NC Business and Financial Operations Occupations Salary | $76,670↓ 7% | 100 mi |
Comparing salaries near Wilmington, NC
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Wilmington, NC?
The median annual salary for a Business and Financial Operations Occupations in Wilmington, NC is $82,530. This typically ranges from $42,290 for entry-level positions to $128,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wilmington, NC is 12.7% lower than the national median of $94,590.
Is Wilmington, NC a lucrative place for Business and Financial Operations Occupations?
No, not exceptionally lucrative compared to the national average.While the average salary of $82,530 is substantial, it falls below the national average of $94,590. However, the cost of living being at the national average means the salary's purchasing power is on par nationally.
Is Wilmington, NC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wilmington, NC?
Some top paying nearby cities include Jacksonville, NC ($73,910) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does Wilmington's salary for this field compare to the national average?
The average salary in Wilmington, NC, for Business and Financial Operations Occupations is $82,530, which is less than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Wilmington, NC?
The concentration, measured by the Location Quotient, is 0.78, indicating slightly fewer jobs relative to the national average.
How does the cost of living in Wilmington, NC affect the salary?
Wilmington's Cost of Living Index is 100, matching the national average. This means the $82,530 salary has the same purchasing power as the national average salary.
What is the total number of people employed in these roles in Wilmington, NC?
There are approximately 9,770 individuals employed in Business and Financial Operations Occupations in Wilmington, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,770 employees in the Wilmington, NC area with a job density of 52.291 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 Wilmington, NC