Average Management Occupations Salary in Durham-Chapel Hill, NC
Management Occupations in the Durham-Chapel Hill, NC area command an impressive average annual salary of $153,290. This figure notably surpasses the national average of $143,930, indicating a strong demand and potentially higher value placed on managerial expertise within this specific region. Factors such as the area's robust economic landscape and concentration of key industries likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $153,290 per year.
- Growth Trend: Salaries have shifted 11.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,935.
- Outlook: The local workforce for Management Occupations in Durham-Chapel Hill, NC, comprises 28,960 individuals, demonstrating a substantial presence. With a Location Quotient of 1.19, management roles are more concentrated here than the national average, suggesting a healthy and active job market with consistent demand for skilled professionals in leadership positions.
Salary Overview
The average Management Occupations in Durham-Chapel Hill, NC earns+6.5%above the national average.
$73.7
$2,948
$12,774
Management Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to infer a positive trend for Management Occupations in Durham-Chapel Hill, NC over the past four years. Economic growth and evolving business needs typically drive salary increases in management roles, reflecting both inflation and the increasing complexity and responsibility associated with these positions.
Management Occupations Salary Distribution in Durham-Chapel Hill, NC
Salary progression for Management Occupations is significantly influenced by experience. Entry-level positions typically start at a lower percentile of the salary range, while senior and executive roles command top-tier compensation, often reaching the 75th percentile and above. The widening gap between entry-level and senior salaries clearly signifies substantial career growth and increased earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,990 | $33.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,968 | $55.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $136,150 | $65.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $191,613 | $92.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,935 | $110.5 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$153,290
Gross Pay
Real Wage (Purchasing Power)
$153,290
Adjusted for COL (100)
The average annual salary of $153,290 in Durham-Chapel Hill, NC, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a management professional's salary in this area is equivalent to the national standard, offering a stable financial outlook without the immediate pressure of significantly higher or lower living expenses.
Job Market Context
28,960
Total Jobs
84.535
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Durham-Chapel Hill, NC has a slightly higher-than-average concentration of Management Occupations roles compared to the national norm.
A Location Quotient of 1.19 for Management Occupations in Durham-Chapel Hill, NC, indicates a job market that is approximately 19% more concentrated than the national average. This suggests a competitive yet robust environment where management talent is in demand, potentially offering more opportunities and specialized roles compared to less concentrated areas.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Management Occupations Salary | $143,950↓ 6% | 18 mi |
| Burlington, NC Management Occupations Salary | $116,390↓ 24% | 32 mi |
| Greensboro-High Point, NC Management Occupations Salary | $126,490↓ 17% | 52 mi |
| Eastern North Carolina nonmetropolitan area Management Occupations Salary | $105,440↓ 31% | 56 mi |
| Western North Carolina nonmetropolitan area Management Occupations Salary | $102,240↓ 33% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Durham-Chapel Hill, NC?
The median annual salary for a Management Occupations in Durham-Chapel Hill, NC is $153,290. This typically ranges from $69,990 for entry-level positions to $229,935 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 6.5% higher than the national median of $143,930.
Is Durham-Chapel Hill, NC a lucrative place for Management Occupationss?
Yes, Durham-Chapel Hill, NC is a lucrative location for Management Occupations.The average salary of $153,290 significantly exceeds the national average, and the cost of living is on par with the national index, offering strong earning potential.
Is Durham-Chapel Hill, NC a good place to live for Management Occupations?
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 ($143,950) and Burlington, NC.
How does the local management salary compare to the national average?
The average annual salary for Management Occupations in Durham-Chapel Hill, NC is $153,290, which is higher than the national average of $143,930.
What is the concentration of Management Occupations in Durham-Chapel Hill, NC?
The Location Quotient for Management Occupations is 1.19, indicating that these roles are 19% more concentrated in Durham-Chapel Hill, NC than the national average.
How does the cost of living affect the salary in Durham-Chapel Hill, NC?
The Cost of Living Index is 100, which is the national average. This means the $153,290 salary has the same purchasing power as the national average salary.
What is the total number of Management Occupations workers in the area?
There are 28,960 individuals employed in Management Occupations within the Durham-Chapel Hill, NC area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 28,960 employees in the Durham-Chapel Hill, NC area with a job density of 84.535 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Durham-Chapel Hill, NC