Average Management Analysts Salary in Spartanburg, SC
Management Analysts in Spartanburg, SC, earn an average annual salary of $117,840. This figure is slightly below the national average of $119,370, suggesting a localized compensation structure that may be influenced by regional economic factors and industry demand within the state. While close to the national benchmark, subtle differences highlight the importance of understanding local market dynamics.
Executive Summary
- Average Salary: $117,840 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,970.
- Outlook: The Spartanburg, SC job market for Management Analysts shows a moderate level of concentration, with a Location Quotient of 0.24, indicating a presence that is less than half the national average. The total local workforce of 230 professionals, coupled with 1.408 jobs per 1,000 workers, suggests a stable but not hyper-competitive environment for these roles. This indicates consistent demand without an oversupply of talent.
Salary Overview
The average Management Analysts in Spartanburg, SC earns-1.3%below the national average.
$56.7
$2,266
$9,820
Management Analysts Salary Trends (2020-2024)
While specific historical data for Spartanburg is not provided, it is reasonable to assume that Management Analyst salaries in the region have experienced growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive an upward trajectory in compensation for analytical and strategic roles, reflecting increased demand and the value placed on expert insights.
Management Analysts Salary Distribution in Spartanburg, SC
The salary range for Management Analysts in Spartanburg, SC, naturally expands with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and a proven track record can expect to earn significantly more. The percentile gaps in compensation clearly signify career progression, rewarding individuals who develop specialized skills and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,620 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,380 | $42.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $93,350 | $44.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,300 | $70.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,970 | $81.7 |
Detailed Management Analysts Market Analysis
Relocation Context
Nominal Salary
$117,840
Gross Pay
Real Wage (Purchasing Power)
$117,840
Adjusted for COL (100)
A nominal salary of $117,840 in Spartanburg, SC, is well-positioned given the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Management Analyst's salary in Spartanburg is equivalent to the national standard, allowing for a comparable lifestyle without the financial strain often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
1.408
Per 1K Jobs
0.24
Location Quotient
At 0.24x, Spartanburg, SC has a notably lower concentration of Management Analysts jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.24, the Management Analyst job market in Spartanburg, SC, is less concentrated than the national average. This suggests that while opportunities exist, the field is not as saturated as in other regions. Professionals entering this market may find a balance between available roles and competition, potentially offering a good environment for career establishment and growth.
Nearby Job Markets
Nearby Cities for Management Analysts
| City | Salary | Dist. |
|---|---|---|
| Greenville-Anderson-Greer, SC Management Analysts Salary | $96,160↓ 18% | 26 mi |
| Asheville, NC Management Analysts Salary | $105,780↓ 10% | 56 mi |
| Charlotte-Concord-Gastonia, NC-SC Management Analysts Salary | $116,890↓ 1% | 64 mi |
| Hickory-Lenoir-Morganton, NC Management Analysts Salary | $79,130↓ 33% | 65 mi |
| Columbia, SC Management Analysts Salary | $92,250↓ 22% | 85 mi |
Comparing salaries near Spartanburg, SC
Hiring Management Analystss?
Frequently Asked Questions
How much does a Management Analysts make in Spartanburg, SC?
The median annual salary for a Management Analysts in Spartanburg, SC is $117,840. This typically ranges from $60,620 for entry-level positions to $169,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spartanburg, SC is 1.3% lower than the national median of $119,370.
Is Spartanburg, SC a lucrative place for Management Analysts?
Yes, it offers competitive compensation relative to the cost of living.Management Analysts in Spartanburg earn $117,840, which aligns perfectly with the national average cost of living. This ensures strong purchasing power for the salary earned.
Is Spartanburg, SC a good place to live for Management Analysts?
The Cost of Living Index in Spartanburg, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spartanburg, SC?
Some top paying nearby cities include Greenville-Anderson-Greer, SC ($96,160) and Asheville, NC.
How does the Spartanburg Management Analyst salary compare to the national average?
The average salary for Management Analysts in Spartanburg, SC, is $117,840, which is slightly below the national average of $119,370. However, this difference is minimal when considering the local cost of living.
What is the concentration of Management Analysts in Spartanburg, SC?
The concentration of Management Analysts in Spartanburg, SC, is indicated by a Location Quotient of 0.24, meaning the presence of these professionals is less than a quarter of the national average. This suggests a less saturated job market.
How does the cost of living in Spartanburg, SC affect the Management Analyst salary?
With a Cost of Living Index of 100, Spartanburg's cost of living is exactly at the national average. Therefore, the $117,840 salary provides purchasing power equivalent to the national median, making it a stable financial environment.
What does the job market size indicate for Management Analysts in Spartanburg, SC?
The local workforce of 230 Management Analysts and 1.408 jobs per 1,000 workers suggests a stable demand for these professionals. While not a major hub, there is a consistent need for their expertise in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Spartanburg, SC area with a job density of 1.408 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Management Analysts Salaries by State
Top Jobs in Spartanburg, SC
- All Occupations Salary in Spartanburg, SC
- Production Occupations Salary in Spartanburg, SC
- Transportation and Material Moving Occupations Salary in Spartanburg, SC
- Office and Administrative Support Occupations Salary in Spartanburg, SC
- Sales and Related Occupations Salary in Spartanburg, SC
- Food Preparation and Serving Related Occupations Salary in Spartanburg, SC
- Miscellaneous Assemblers and Fabricators Salary in Spartanburg, SC
- Healthcare Practitioners and Technical Occupations Salary in Spartanburg, SC
- Educational Instruction and Library Occupations Salary in Spartanburg, SC
- Management Occupations Salary in Spartanburg, SC
- Browse All Jobs in Spartanburg, SC →
Semantic Salary Analysis for Management Analysts • Data source: BLS OEWS 2024 •Jobs in Spartanburg, SC