Average Financial and Investment Analysts Salary in Charleston-North Charleston, SC
Financial and Investment Analysts in Charleston-North Charleston, SC, earn an impressive average annual salary of $117,160. This figure is remarkably close to the national average of $117,950, indicating a strong alignment in compensation for this critical role. The local economic landscape and demand for specialized financial expertise contribute to this competitive pay.
Executive Summary
- Average Salary: $117,160 per year.
- Growth Trend: Salaries have shifted 36.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $162,060.
- Outlook: With a total local workforce of 810 Financial and Investment Analysts, Charleston-North Charleston exhibits a robust presence in this sector. The location quotient of 0.95 suggests a concentration of these professionals that is nearly on par with the national average, signaling a stable and established job market for this field within the region.
Salary Overview
The average Financial and Investment Analysts in Charleston-North Charleston, SC earns-0.7%below the national average.
$56.3
$2,253
$9,763
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for skilled Financial and Investment Analysts has seen consistent growth over the past four years, mirroring national trends. This sustained interest likely translates to steady salary increases, reflecting the evolving financial needs of businesses in the Charleston-North Charleston area.
Financial and Investment Analysts Salary Distribution in Charleston-North Charleston, SC
Salary progression for Financial and Investment Analysts in Charleston-North Charleston, SC, typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries well into the higher percentiles, reflecting increased responsibility and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,650 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,870 | $42.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,570 | $48.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,450 | $70.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $162,060 | $77.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$117,160
Gross Pay
Real Wage (Purchasing Power)
$117,160
Adjusted for COL (100)
The average annual salary of $117,160 in Charleston-North Charleston, SC, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an analyst's salary in this region is equivalent to the national average, offering a stable financial foundation for residents.
Job Market Context
810
Total Jobs
2.097
Per 1K Jobs
0.95
Location Quotient
Charleston-North Charleston, SC has 0.95x the national average concentration of Financial and Investment Analysts 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 0.95 indicates that the concentration of Financial and Investment Analysts in Charleston-North Charleston, SC, is very close to the national average. This suggests a balanced job market where demand and supply are nearly in equilibrium, offering moderate competition for new entrants but ample opportunities for qualified professionals.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Hilton Head Island-Bluffton-Port Royal, SC Financial and Investment Analysts Salary | $139,420↑ 19% | 63 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Financial and Investment Analysts Salary | $113,310↓ 3% | 88 mi |
| Savannah, GA Financial and Investment Analysts Salary | $99,980↓ 15% | 89 mi |
| Northwestern South Carolina nonmetropolitan area Financial and Investment Analysts Salary | $110,000↓ 6% | 91 mi |
Comparing salaries near Charleston-North Charleston, SC
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Charleston-North Charleston, SC?
The median annual salary for a Financial and Investment Analysts in Charleston-North Charleston, SC is $117,160. This typically ranges from $58,650 for entry-level positions to $162,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charleston-North Charleston, SC is 0.7% lower than the national median of $117,950.
Is Charleston-North Charleston, SC a lucrative place for Financial and Investment Analysts?
Yes, it is a financially competitive location for Financial and Investment Analysts.The average salary of $117,160 is nearly identical to the national average, and the cost of living is also at the national average, providing strong purchasing power.
Is Charleston-North Charleston, SC a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Charleston-North Charleston, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charleston-North Charleston, SC?
Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($139,420) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the Charleston-North Charleston job market compare to the national average for this role?
The job market in Charleston-North Charleston is very similar to the national average, with a location quotient of 0.95 indicating a comparable concentration of Financial and Investment Analysts.
What is the significance of the 2.097 jobs per 1,000 workers?
This metric signifies that for every 1,000 workers in Charleston-North Charleston, approximately 2.1 are Financial and Investment Analysts, reflecting a steady presence of this profession.
Does experience significantly impact salary for Financial and Investment Analysts in this area?
Yes, as in most markets, experience is a key driver of salary, with senior analysts commanding higher compensation than those in entry-level positions.
How does the cost of living affect the value of the Financial and Investment Analyst salary in Charleston-North Charleston?
With a cost of living index of 100, the $117,160 salary offers purchasing power equivalent to the national average, making it a stable financial environment.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 810 employees in the Charleston-North Charleston, SC area with a job density of 2.097 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Charleston-North Charleston, SC