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Average Residential Advisors Salary in Raleigh-Cary, NC

In Raleigh-Cary, NC, Residential Advisors earn an average annual salary of $36,300. This figure is notably below the national average of $41,320, suggesting that local market dynamics, such as demand and the cost of labor, play a significant role in compensation for this role within the region.

Executive Summary

  • Average Salary: $36,300 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $50,300.
  • Outlook: The Raleigh-Cary area supports a local workforce of 380 Residential Advisors. With a Location Quotient of 0.98, the concentration of these roles is nearly on par with the national average, indicating a stable, albeit not exceptionally concentrated, job market for this profession within the region.
2024 Market Data

Salary Overview

$36,300

The average Residential Advisors in Raleigh-Cary, NC earns-12.1%below the national average.

BreakdownBased on 40h/week
Hourly

$17.5

Weekly

$698

Monthly

$3,025

Residential Advisors Salary Distribution in Raleigh-Cary, NC

Career progression for Residential Advisors typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior or lead advisor roles, often requiring several years of dedicated service and demonstrated leadership, can command salaries significantly higher than the average, reflecting the value of their expertise and responsibilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$23,100$11.1
ExperiencedProficient professional working independently.25% (Junior)$27,225$13.1
Mid-LevelEstablished expert. Standard market value.50% (Median)$36,490$17.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$45,375$21.8
Top TierIndustry leader / Executive level compensation.90% (Expert)$50,300$24.2

Detailed Residential Advisors Market Analysis

Relocation Context

Nominal Salary

$36,300

Gross Pay

Real Wage (Purchasing Power)

$36,300

Adjusted for COL (100)

The average annual salary of $36,300 in Raleigh-Cary aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of a Residential Advisor's salary in Raleigh-Cary is equivalent to the national average, offering a balanced financial landscape for residents.

Job Market Context

380

Total Jobs

0.525

Per 1K Jobs

0.98

Location Quotient

Below Average

Raleigh-Cary, NC has 0.98x the national average concentration of Residential Advisors 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 0.98 signifies that the presence of Residential Advisors in Raleigh-Cary is very close to the national average proportion. This suggests a balanced job market where the number of available positions is neither exceptionally high nor low compared to the overall employment landscape, indicating moderate competition and availability.

Nearby Job Markets

Nearby Cities for Residential Advisors

CitySalaryDist.
Durham-Chapel Hill, NC Residential Advisors Salary$44,290↑ 22%18 mi
Rocky Mount, NC Residential Advisors Salary$32,430↓ 11%48 mi
Burlington, NC Residential Advisors Salary$35,480↓ 2%49 mi
Fayetteville, NC Residential Advisors Salary$37,810↑ 4%55 mi

Comparing salaries near Raleigh-Cary, NC

Hiring Residential Advisorss?

Frequently Asked Questions

How much does a Residential Advisors make in Raleigh-Cary, NC?

The median annual salary for a Residential Advisors in Raleigh-Cary, NC is $36,300. This typically ranges from $23,100 for entry-level positions to $50,300 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Raleigh-Cary, NC is 12.1% lower than the national median of $41,320.

Is Raleigh-Cary, NC a lucrative place for Residential Advisors?

No, not exceptionally lucrative compared to the national average.The average salary of $36,300 is below the national average of $41,320, although the cost of living is on par with the national average.

Is Raleigh-Cary, NC a good place to live for Residential Advisors?

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 ($44,290) and Rocky Mount, NC.

How does the Raleigh-Cary salary compare to the national average?

The average annual salary for Residential Advisors in Raleigh-Cary is $36,300, which is $5,020 less than the national average of $41,320.

What is the cost of living in Raleigh-Cary, NC?

The cost of living in Raleigh-Cary, NC is indexed at 100, which is precisely the national average, indicating that everyday expenses are neither significantly higher nor lower than the typical US city.

How many Residential Advisors are there in Raleigh-Cary?

There are approximately 380 Residential Advisors employed in the Raleigh-Cary metropolitan area.

What does a Location Quotient of 0.98 mean for Residential Advisors?

A Location Quotient of 0.98 suggests that the concentration of Residential Advisors in Raleigh-Cary is very similar to the national average, implying a stable and representative job market for this profession in the area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Raleigh-Cary, NC area with a job density of 0.525 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Raleigh-Cary, NC