Average Financial Examiners Salary in Boston-Cambridge-Newton, MA-NH
Financial Examiners in the Boston-Cambridge-Newton, MA-NH metropolitan area command an impressive average annual salary of $106,030. This figure notably surpasses the national average of $99,150, indicating a premium placed on these financial oversight roles within this dynamic region. The higher compensation is likely driven by the concentration of financial institutions and the complex regulatory environment characteristic of the area.
Executive Summary
- Average Salary: $106,030 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,630.
- Outlook: The local job market for Financial Examiners in Boston-Cambridge-Newton, MA-NH appears stable, with a total workforce of 950 professionals. While the Location Quotient of 0.86 suggests a slightly lower concentration compared to the national average, the consistent presence of these roles indicates ongoing demand within the region's financial sector. The number of jobs per 1,000 workers (0.351) further supports a steady, albeit not hyper-concentrated, employment landscape.
Salary Overview
The average Financial Examiners in Boston-Cambridge-Newton, MA-NH earns+6.9%above the national average.
$51
$2,039
$8,836
Financial Examiners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial Examiners in Boston-Cambridge-Newton, MA-NH has experienced consistent growth over the past four years. Economic factors, evolving regulatory landscapes, and increasing demand for skilled financial professionals typically drive upward salary trends in metropolitan areas like this.
Financial Examiners Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Financial Examiners in Boston-Cambridge-Newton, MA-NH typically correlates with a significant increase in earning potential. Entry-level positions might start closer to the lower percentiles of the salary range, while seasoned professionals with specialized expertise and extensive experience can command salaries well into the upper percentiles. These percentile gaps clearly signify the substantial rewards associated with career advancement and accumulated knowledge in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,930 | $25.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,523 | $38.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,070 | $42.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $132,538 | $63.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,630 | $85.9 |
Detailed Financial Examiners Market Analysis
Relocation Context
Nominal Salary
$106,030
Gross Pay
Real Wage (Purchasing Power)
$106,030
Adjusted for COL (100)
The nominal average annual salary of $106,030 for Financial Examiners in Boston-Cambridge-Newton, MA-NH aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a Financial Examiner's salary in this area is equivalent to the national average, suggesting that while the salary is higher than the national average, the cost of living does not diminish its real value.
Job Market Context
950
Total Jobs
0.351
Per 1K Jobs
0.86
Location Quotient
Boston-Cambridge-Newton, MA-NH has 0.86x the national average concentration of Financial Examiners jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.86, the Boston-Cambridge-Newton, MA-NH area has a slightly lower concentration of Financial Examiners relative to the national average. This suggests that while the profession is well-established, the market is not oversaturated, potentially offering good opportunities for qualified professionals. The job market is competitive but not excessively so, indicating a balanced demand and supply dynamic.
Nearby Job Markets
Nearby Cities for Financial Examiners
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Financial Examiners Salary | $82,210↓ 22% | 37 mi |
| Providence-Warwick, RI-MA Financial Examiners Salary | $97,220↓ 8% | 38 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Financial Examinerss?
Frequently Asked Questions
How much does a Financial Examiners make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Financial Examiners in Boston-Cambridge-Newton, MA-NH is $106,030. This typically ranges from $52,930 for entry-level positions to $178,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 6.9% higher than the national median of $99,150.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Financial Examinerss?
Yes, it is a lucrative place for Financial Examiners.Financial Examiners in this region earn an average of $106,030, which is above the national average. Coupled with a cost of living index at the national average, this salary offers strong purchasing power.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Financial Examiners?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($82,210) and Providence-Warwick, RI-MA.
How does the salary compare to the national average?
The average salary for Financial Examiners in Boston-Cambridge-Newton, MA-NH is $106,030, which is $7,480 higher than the national average of $99,150.
What is the concentration of Financial Examiners in this area?
The Location Quotient for Financial Examiners in Boston-Cambridge-Newton, MA-NH is 0.86, indicating a slightly lower concentration compared to the national average.
How does the cost of living affect the salary?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100, meaning it is at the national average. Therefore, the higher nominal salary translates directly to equivalent purchasing power compared to the national average.
What is the total number of Financial Examiners in the area?
There are approximately 950 Financial Examiners working in the Boston-Cambridge-Newton, MA-NH metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 950 employees in the Boston-Cambridge-Newton, MA-NH 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 Financial Examiners • Data source: BLS OEWS 2024 •Jobs in Boston-Cambridge-Newton, MA-NH