Average Financial Specialists, All Other Salary in Durham-Chapel Hill, NC
Financial Specialists, All Other in the Durham-Chapel Hill, NC area earn an average annual salary of $87,550. This figure is notably below the national average of $94,320, suggesting that while the demand is present, local market dynamics or industry composition may influence compensation levels. The concentration of these roles in the region, however, indicates a specialized local economy.
Executive Summary
- Average Salary: $87,550 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,820.
- Outlook: The local job market for Financial Specialists, All Other in Durham-Chapel Hill, NC, shows a robust presence with a total workforce of 710 individuals in this category. The Location Quotient of 2.52 signifies a significantly higher concentration of these professionals compared to the national average, indicating strong local demand and a specialized industry cluster within the region.
Salary Overview
The average Financial Specialists, All Other in Durham-Chapel Hill, NC earns-7.2%below the national average.
$42.1
$1,684
$7,296
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the financial sector, including specialized roles like Financial Specialists, All Other, has experienced steady growth over the past four years. This trend typically translates to incremental salary increases, driven by inflation, evolving market demands, and the increasing complexity of financial operations.
Financial Specialists, All Other Salary Distribution in Durham-Chapel Hill, NC
Salary progression for Financial Specialists, All Other in Durham-Chapel Hill, NC, typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,680 | $30.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,663 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,740 | $39.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,438 | $52.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,820 | $59.5 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$87,550
Gross Pay
Real Wage (Purchasing Power)
$87,550
Adjusted for COL (100)
With an average annual salary of $87,550 and a Cost of Living Index of 100, the nominal income in Durham-Chapel Hill, NC, directly aligns with the national average cost of living. This means that the purchasing power of a Financial Specialist's salary in this area is comparable to the national average, offering a stable financial environment without significant cost-of-living pressures.
Job Market Context
710
Total Jobs
2.086
Per 1K Jobs
2.52
Location Quotient
Durham-Chapel Hill, NC has 2.5x the national concentration of Financial Specialists, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.52 for Financial Specialists, All Other in Durham-Chapel Hill, NC, strongly indicates a concentrated market. This high concentration suggests that the region is a hub for these professionals, potentially offering more specialized job opportunities and a competitive environment where expertise is highly valued, though it could also imply a saturated market for entry-level positions.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Financial Specialists, All Other Salary | $90,190↑ 3% | 18 mi |
| Greensboro-High Point, NC Financial Specialists, All Other Salary | $77,270↓ 12% | 52 mi |
| Eastern North Carolina nonmetropolitan area Financial Specialists, All Other Salary | $93,540↑ 7% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Durham-Chapel Hill, NC?
The median annual salary for a Financial Specialists, All Other in Durham-Chapel Hill, NC is $87,550. This typically ranges from $63,680 for entry-level positions to $123,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 7.2% lower than the national median of $94,320.
Is Durham-Chapel Hill, NC a lucrative place for Financial Specialists, All Others?
Yes, with caveats.While the average salary of $87,550 is below the national average, the high concentration (LQ of 2.52) and average cost of living suggest a stable and specialized market for these professionals.
Is Durham-Chapel Hill, NC a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Raleigh-Cary, NC ($90,190) and Greensboro-High Point, NC.
How does the local salary compare to the national average?
The average annual salary for Financial Specialists, All Other in Durham-Chapel Hill, NC is $87,550, which is lower than the national average of $94,320.
What does the Location Quotient of 2.52 mean for this role?
A Location Quotient of 2.52 indicates that Financial Specialists, All Other are more than twice as concentrated in the Durham-Chapel Hill, NC area compared to the national average, suggesting a strong local industry presence.
Is the cost of living high in Durham-Chapel Hill, NC?
The Cost of Living Index for Durham-Chapel Hill, NC is 100, which is exactly the national average, meaning it is neither significantly high nor low.
How many Financial Specialists, All Other work in Durham-Chapel Hill, NC?
There are approximately 710 Financial Specialists, All Other employed within the Durham-Chapel Hill, NC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Durham-Chapel Hill, NC area with a job density of 2.086 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Durham-Chapel Hill, NC