Average Medical and Health Services Managers Salary in Florence, SC
Medical and Health Services Managers in Florence, SC, command an impressive average annual salary of $140,240, surpassing the national average of $137,170. This localized premium is often driven by the specific healthcare needs and the concentration of healthcare facilities within the Florence region, necessitating experienced leadership.
Executive Summary
- Average Salary: $140,240 per year.
- Growth Trend: Salaries have shifted 53.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,360.
- Outlook: With a local workforce of 460 professionals in this role and a Location Quotient of 1.4, Florence, SC, demonstrates a notable concentration of Medical and Health Services Managers compared to the national landscape. This suggests a robust demand and a specialized job market that values these skilled individuals.
Salary Overview
The average Medical and Health Services Managers in Florence, SC earns+2.2%above the national average.
$67.4
$2,697
$11,687
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Medical and Health Services Managers in Florence, SC, have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare complexity, administrative demands, and inflation likely contribute to this upward salary trajectory.
Medical and Health Services Managers Salary Distribution in Florence, SC
Career progression for Medical and Health Services Managers in Florence, SC, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive leadership experience can command salaries in the higher percentiles, reflecting their accumulated expertise and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,160 | $33.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,180 | $50.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $113,970 | $54.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,300 | $84.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,360 | $101.1 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$140,240
Gross Pay
Real Wage (Purchasing Power)
$140,240
Adjusted for COL (100)
The average annual salary of $140,240 in Florence, SC, is particularly attractive given the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Medical and Health Services Manager's salary in Florence is equivalent to the national standard, allowing for a stable financial standing.
Job Market Context
460
Total Jobs
5.144
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Florence, SC has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.4 indicates that Medical and Health Services Managers are 40% more concentrated in Florence, SC, than the national average. This suggests a competitive yet abundant market, where employers may actively seek out specialized talent, and professionals have a good number of opportunities within the region.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Sumter, SC Medical and Health Services Managers Salary | $118,910↓ 15% | 38 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Medical and Health Services Managers Salary | $115,800↓ 17% | 61 mi |
| Northwestern South Carolina nonmetropolitan area Medical and Health Services Managers Salary | $120,510↓ 14% | 70 mi |
| Northeastern South Carolina nonmetropolitan area Medical and Health Services Managers Salary | $105,990↓ 24% | 70 mi |
Comparing salaries near Florence, SC
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Florence, SC?
The median annual salary for a Medical and Health Services Managers in Florence, SC is $140,240. This typically ranges from $69,160 for entry-level positions to $210,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 2.2% higher than the national median of $137,170.
Is Florence, SC a lucrative place for Medical and Health Services Managerss?
Yes, Florence, SC offers a lucrative environment for Medical and Health Services Managers.The average salary significantly exceeds the national average, and the cost of living is on par with the national index, enhancing the real value of earnings.
Is Florence, SC a good place to live for Medical and Health Services Managers?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($118,910) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the number of Medical and Health Services Managers in Florence compare nationally?
Florence, SC has 5.144 Medical and Health Services Managers jobs per 1,000 workers, indicating a higher concentration than the national average.
What is the significance of the Location Quotient (LQ) for this role in Florence?
An LQ of 1.4 signifies that this profession is more concentrated in Florence than in the average U.S. location, suggesting a strong local presence and demand.
Does the cost of living in Florence affect the value of the salary?
No, the cost of living in Florence is exactly at the national average (100), meaning the $140,240 salary has the same purchasing power as it would nationally.
What is the total number of Medical and Health Services Managers in Florence?
There are approximately 460 Medical and Health Services Managers employed in Florence, SC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Florence, SC area with a job density of 5.144 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Florence, SC