Average Property Appraisers and Assessors Salary in Raleigh-Cary, NC
Property Appraisers and Assessors in Raleigh-Cary, NC, earn an average annual salary of $69,440. This figure is notably below the national average of $81,850, suggesting that local market dynamics and potentially a slightly lower demand influence compensation in this specific metropolitan area. The cost of living being at the national average means this salary offers standard purchasing power.
Executive Summary
- Average Salary: $69,440 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,310.
- Outlook: The Raleigh-Cary, NC market for Property Appraisers and Assessors shows a stable, albeit not exceptionally concentrated, presence. With a total local workforce of 250 and a Location Quotient of 0.92, the demand is nearly at the national average, indicating a steady job market without significant oversupply or undersupply. The rate of 0.351 jobs per 1,000 workers further supports this balanced outlook.
Salary Overview
The average Property Appraisers and Assessors in Raleigh-Cary, NC earns-15.2%below the national average.
$33.4
$1,335
$5,787
Property Appraisers and Assessors Salary Trends (2020-2024)
While specific historical data for Raleigh-Cary is not provided, it is reasonable to assume that salaries for Property Appraisers and Assessors have seen incremental growth over the past four years, mirroring national trends. Economic development and real estate market fluctuations typically drive modest annual increases in compensation for these professionals.
Property Appraisers and Assessors Salary Distribution in Raleigh-Cary, NC
Career progression for Property Appraisers and Assessors in Raleigh-Cary, NC, is typically marked by increasing salary levels. Entry-level positions might start significantly lower than the average, while seasoned professionals with extensive experience and specialized certifications can command salaries well above $69,440. The percentile gaps in salary distribution reflect this clear path for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,040 | $16.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,080 | $25 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,380 | $29.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,800 | $41.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,310 | $51.6 |
Detailed Property Appraisers and Assessors Market Analysis
Relocation Context
Nominal Salary
$69,440
Gross Pay
Real Wage (Purchasing Power)
$69,440
Adjusted for COL (100)
The nominal average salary of $69,440 in Raleigh-Cary, NC, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of the average salary is equivalent to the national average, offering a standard lifestyle without significant financial strain or advantage solely based on cost of living.
Job Market Context
250
Total Jobs
0.351
Per 1K Jobs
0.92
Location Quotient
Raleigh-Cary, NC has 0.92x the national average concentration of Property Appraisers and Assessors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.92 for Property Appraisers and Assessors in Raleigh-Cary, NC, indicates that the concentration of these professionals is slightly below the national average. This suggests a competitive market where opportunities exist, but the field is not as densely populated as in other regions, potentially offering a stable environment for skilled individuals.
Nearby Job Markets
Nearby Cities for Property Appraisers and Assessors
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Property Appraisers and Assessors Salary | $65,770↓ 5% | 18 mi |
| Fayetteville, NC Property Appraisers and Assessors Salary | $59,710↓ 14% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Property Appraisers and Assessorss?
Frequently Asked Questions
How much does a Property Appraisers and Assessors make in Raleigh-Cary, NC?
The median annual salary for a Property Appraisers and Assessors in Raleigh-Cary, NC is $69,440. This typically ranges from $34,040 for entry-level positions to $107,310 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 15.2% lower than the national median of $81,850.
Is Raleigh-Cary, NC a lucrative place for Property Appraisers and Assessors?
No, not significantly more lucrative than the national average.While the cost of living is average, the local salary for Property Appraisers and Assessors is below the national average. This indicates that compensation in this role is not a primary draw for the area compared to other locations.
Is Raleigh-Cary, NC a good place to live for Property Appraisers and Assessors?
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 ($65,770) and Fayetteville, NC.
How does the Raleigh-Cary salary compare to the national average?
The average salary for Property Appraisers and Assessors in Raleigh-Cary, NC, is $69,440, which is approximately 15% lower than the national average of $81,850.
What is the concentration of Property Appraisers and Assessors in Raleigh-Cary?
The concentration, measured by the Location Quotient, is 0.92, indicating a slightly lower presence of these professionals compared to the national average.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Raleigh-Cary is exactly at the national average (100), meaning the $69,440 salary has standard purchasing power relative to the rest of the country.
What does the job market look like for this role in Raleigh-Cary?
The job market appears stable with a workforce of 250 and a concentration near the national average, suggesting consistent demand for Property Appraisers and Assessors.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Raleigh-Cary, NC area with a job density of 0.351 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Property Appraisers and Assessors • Data source: BLS OEWS 2024 •Jobs in Raleigh-Cary, NC