Average Financial Managers Salary in Charleston-North Charleston, SC
Financial Managers in the Charleston-North Charleston, SC area earn an average annual salary of $151,310. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business in the region influence compensation levels for these critical finance professionals.
Executive Summary
- Average Salary: $151,310 per year.
- Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,965.
- Outlook: With a local workforce of 1,530 Financial Managers, Charleston-North Charleston presents a moderate employment landscape for this profession. The Location Quotient of 0.74 indicates that the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand relative to other occupations in the area.
Salary Overview
The average Financial Managers in Charleston-North Charleston, SC earns-18.0%below the national average.
$72.8
$2,910
$12,609
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers have experienced consistent growth over the past four years, mirroring broader economic trends and increasing demand for sophisticated financial oversight across industries. This upward trajectory is likely influenced by inflation, evolving regulatory landscapes, and the increasing complexity of financial operations.
Financial Managers Salary Distribution in Charleston-North Charleston, SC
Career progression for Financial Managers in Charleston-North Charleston significantly impacts earning potential. Entry-level positions typically start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a substantial salary gap that rewards expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,310 | $36.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,483 | $54.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $132,490 | $63.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,138 | $90.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,965 | $109.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,310
Gross Pay
Real Wage (Purchasing Power)
$151,310
Adjusted for COL (100)
The average annual salary of $151,310 in Charleston-North Charleston aligns precisely with the national average cost of living (100 index). This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
1,530
Total Jobs
3.949
Per 1K Jobs
0.74
Location Quotient
Charleston-North Charleston, SC has 0.74x the national average concentration of Financial Managers 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 0.74 for Financial Managers in Charleston-North Charleston suggests that the job market is less concentrated than the national average. This indicates that while opportunities exist, the field may be less saturated, potentially offering a competitive edge for skilled professionals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Hilton Head Island-Bluffton-Port Royal, SC Financial Managers Salary | $138,860↓ 8% | 63 mi |
| Sumter, SC Financial Managers Salary | $148,330↓ 2% | 81 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Financial Managers Salary | $138,360↓ 9% | 88 mi |
| Savannah, GA Financial Managers Salary | $159,320↑ 5% | 89 mi |
| Northwestern South Carolina nonmetropolitan area Financial Managers Salary | $134,860↓ 11% | 91 mi |
Comparing salaries near Charleston-North Charleston, SC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Charleston-North Charleston, SC?
The median annual salary for a Financial Managers in Charleston-North Charleston, SC is $151,310. This typically ranges from $76,310 for entry-level positions to $226,965 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 18.0% lower than the national median of $184,480.
Is Charleston-North Charleston, SC a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $151,310 is below the national average of $184,480, although the cost of living is on par with the national average.
Is Charleston-North Charleston, SC a good place to live for Financial Managers?
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 ($138,860) and Sumter, SC.
How does the Charleston-North Charleston salary compare to the national average?
The average salary for Financial Managers in Charleston-North Charleston is $151,310, which is lower than the national average of $184,480.
What is the cost of living in Charleston-North Charleston, SC?
The cost of living index in Charleston-North Charleston is 100, which is exactly the national average.
How many Financial Managers work in Charleston-North Charleston, SC?
There are approximately 1,530 Financial Managers employed in the Charleston-North Charleston, SC area.
Is the job market for Financial Managers strong in Charleston-North Charleston, SC?
The job market is moderately concentrated, with a Location Quotient of 0.74, indicating a stable but not exceptionally high demand compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,530 employees in the Charleston-North Charleston, SC area with a job density of 3.949 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 Managers • Data source: BLS OEWS 2024 •Jobs in Charleston-North Charleston, SC