Average Financial Specialists, All Other Salary in Raleigh-Cary, NC
In Raleigh-Cary, NC, Financial Specialists, All Other earn an average annual salary of $90,190. This figure is slightly below the national average of $94,320, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the Research Triangle area. While not reaching the national benchmark, this salary indicates a competitive market for these professionals.
Executive Summary
- Average Salary: $90,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $150,400.
- Outlook: The Raleigh-Cary market for Financial Specialists, All Other, with a total local workforce of 390, presents a moderately concentrated employment landscape. The Location Quotient of 0.65 suggests that this role is less prevalent here compared to the national average, implying a potentially specialized or niche demand within the region's robust economy, particularly in sectors like technology and finance.
Salary Overview
The average Financial Specialists, All Other in Raleigh-Cary, NC earns-4.4%below the national average.
$43.4
$1,734
$7,516
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data for this niche role in Raleigh-Cary is not provided, it is reasonable to assume a general upward trend in salaries for financial specialists over the past four years, mirroring national economic growth and increasing demand for financial expertise. This growth is typically driven by inflation, evolving market complexities, and the continuous need for skilled financial professionals across various industries.
Financial Specialists, All Other Salary Distribution in Raleigh-Cary, NC
Salary progression for Financial Specialists, All Other in Raleigh-Cary, NC, typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,060 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,643 | $32.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,120 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,738 | $54.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $150,400 | $72.3 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$90,190
Gross Pay
Real Wage (Purchasing Power)
$90,190
Adjusted for COL (100)
With a Cost of Living Index of 100, Raleigh-Cary, NC, is at the national average for living expenses. The nominal salary of $90,190 therefore holds its purchasing power at the national standard. This means that the average financial specialist in this area can expect their earnings to align with the typical cost of goods and services experienced nationwide.
Job Market Context
390
Total Jobs
0.537
Per 1K Jobs
0.65
Location Quotient
Raleigh-Cary, NC has 0.65x the national average concentration of Financial Specialists, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.65 for Financial Specialists, All Other in Raleigh-Cary indicates a lower concentration of these roles compared to the national average. This suggests that while opportunities exist, the market may not be saturated, potentially offering a competitive edge for skilled professionals seeking employment in this specific financial niche within the region.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Financial Specialists, All Other Salary | $87,550↓ 3% | 18 mi |
| Fayetteville, NC Financial Specialists, All Other Salary | $93,540↑ 4% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Raleigh-Cary, NC?
The median annual salary for a Financial Specialists, All Other in Raleigh-Cary, NC is $90,190. This typically ranges from $50,060 for entry-level positions to $150,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 4.4% lower than the national median of $94,320.
Is Raleigh-Cary, NC a lucrative place for Financial Specialists, All Others?
Moderately lucrative, with earnings near the national average and a cost of living that matches it.The average salary of $90,190 is close to the national average, and the Cost of Living Index of 100 means your earnings will have standard purchasing power.
Is Raleigh-Cary, NC a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($87,550) and Fayetteville, NC.
How does the number of Financial Specialists in Raleigh-Cary compare to the national average?
With 0.537 jobs per 1,000 workers and a Location Quotient of 0.65, Raleigh-Cary has a lower concentration of Financial Specialists, All Other than the national average.
What is the significance of the Location Quotient (LQ) for this role in Raleigh-Cary?
An LQ of 0.65 means that Financial Specialists, All Other are less concentrated in Raleigh-Cary compared to the rest of the U.S., suggesting a potentially specialized job market.
Does the Cost of Living in Raleigh-Cary affect the perceived value of the salary?
No, the Cost of Living Index is 100, which is the national average, meaning the $90,190 salary has standard purchasing power relative to the nation.
What does the total local workforce number suggest about job availability?
A local workforce of 390 for this specific role indicates a defined, though not massive, employment base, suggesting moderate but consistent opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Raleigh-Cary, NC area with a job density of 0.537 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 Raleigh-Cary, NC