Average Business and Financial Operations Occupations Salary in Winston-Salem, NC
In Winston-Salem, NC, professionals in Business and Financial Operations Occupations earn an average annual salary of $83,340. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a different industry focus influence compensation within the region. Understanding these local factors is key to assessing career opportunities and earning potential in this sector.
Executive Summary
- Average Salary: $83,340 per year.
- Growth Trend: Salaries have shifted 17.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $126,950.
- Outlook: Winston-Salem supports a substantial local workforce of 15,110 individuals within Business and Financial Operations Occupations. While the location quotient of 0.82 indicates a slightly lower concentration compared to the national average, the presence of over 15,000 professionals signifies a robust and active job market. This indicates a steady demand for these roles, even if the overall density is not exceptionally high.
Salary Overview
The average Business and Financial Operations Occupations in Winston-Salem, NC earns-11.9%below the national average.
$40.1
$1,603
$6,945
Business and Financial Operations Occupations Salary Trends (2020-2024)
While specific historical data for Winston-Salem's Business and Financial Operations Occupations is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for specialized financial skills, and evolving business landscapes likely contribute to a gradual upward trajectory in compensation for these roles within the region.
Business and Financial Operations Occupations Salary Distribution in Winston-Salem, NC
Salary within Business and Financial Operations Occupations in Winston-Salem, NC, naturally escalates with experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized expertise and a proven track record can expect significantly higher compensation. The percentile gaps between junior and senior roles highlight clear career progression pathways and the increasing value placed on experience and advanced skills in the market.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,710 | $21.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,505 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,030 | $34.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,175 | $50.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $126,950 | $61 |
Detailed Business and Financial Operations Occupations Market Analysis
Relocation Context
Nominal Salary
$83,340
Gross Pay
Real Wage (Purchasing Power)
$83,340
Adjusted for COL (100)
The average annual salary of $83,340 in Winston-Salem, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national standard, providing a stable financial foundation for residents. While not offering a cost-of-living advantage, it ensures that your earnings in Business and Financial Operations Occupations will maintain their value relative to national benchmarks.
Job Market Context
15,110
Total Jobs
55.295
Per 1K Jobs
0.82
Location Quotient
Winston-Salem, NC has 0.82x 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 0.82, Winston-Salem's market for Business and Financial Operations Occupations is slightly less concentrated than the national average. This suggests that while the field is well-represented, it may not be as saturated as in some other major metropolitan areas. This could translate to a competitive but accessible job market, where skilled professionals have opportunities to stand out and secure positions without facing extreme competition.
Nearby Job Markets
Nearby Cities for Business and Financial Operations Occupations
Comparing salaries near Winston-Salem, NC
Hiring Business and Financial Operations Occupationss?
Frequently Asked Questions
How much does a Business and Financial Operations Occupations make in Winston-Salem, NC?
The median annual salary for a Business and Financial Operations Occupations in Winston-Salem, NC is $83,340. This typically ranges from $44,710 for entry-level positions to $126,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 11.9% lower than the national median of $94,590.
Is Winston-Salem, NC a lucrative place for Business and Financial Operations Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $83,340 is below the national average of $94,590, indicating lower earning potential in this specific location. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Winston-Salem, NC a good place to live for Business and Financial Operations Occupations?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($81,620) and Eastern North Carolina nonmetropolitan area.
How does Winston-Salem's salary for Business and Financial Operations compare to the national average?
The average annual salary in Winston-Salem for these roles is $83,340, which is lower than the national average of $94,590.
What is the concentration of Business and Financial Operations jobs in Winston-Salem?
The concentration, measured by the Location Quotient, is 0.82, indicating a slightly lower presence of these jobs compared to the national average.
Does the cost of living in Winston-Salem affect the value of the average salary?
No, the cost of living in Winston-Salem is at the national average (100), meaning the $83,340 salary has standard purchasing power relative to the rest of the country.
How many people work in Business and Financial Operations in Winston-Salem?
There are 15,110 individuals employed in Business and Financial Operations Occupations in Winston-Salem, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,110 employees in the Winston-Salem, NC area with a job density of 55.295 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Business and Financial Operations Occupations Salaries by State
Top Jobs in Winston-Salem, NC
- All Occupations Salary in Winston-Salem, NC
- Office and Administrative Support Occupations Salary in Winston-Salem, NC
- Healthcare Practitioners and Technical Occupations Salary in Winston-Salem, NC
- Transportation and Material Moving Occupations Salary in Winston-Salem, NC
- Food Preparation and Serving Related Occupations Salary in Winston-Salem, NC
- Sales and Related Occupations Salary in Winston-Salem, NC
- Production Occupations Salary in Winston-Salem, NC
- Educational Instruction and Library Occupations Salary in Winston-Salem, NC
- Business and Financial Operations Occupations Salary in Winston-Salem, NC
- Management Occupations Salary in Winston-Salem, NC
- Browse All Jobs in Winston-Salem, NC →
Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Winston-Salem, NC