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Average Financial Examiners Salary in Ohio

Financial Examiners in Ohio earn an average annual salary of $79,130, which is notably below the national average of $99,150. This disparity is often influenced by a combination of factors unique to the state's economic landscape, including regional demand, industry concentration, and the overall cost of living.

Executive Summary

  • Average Salary: $79,130 per year.
  • Growth Trend: Salaries have shifted 4.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $126,830.
  • Outlook: With a local workforce of approximately 3,500 Financial Examiners, Ohio presents a significant presence in this field. The Location Quotient of 1.55 indicates a higher concentration of these professionals compared to the national average, suggesting a robust and established job market within the state that supports this workforce size.
2024 Market Data

Salary Overview

$79,130

The average Financial Examiners in Ohio earns-20.2%below the national average.

BreakdownBased on 40h/week
Hourly

$38.1

Weekly

$1,522

Monthly

$6,594

Financial Examiners Salary Distribution in Ohio

Career progression for Financial Examiners in Ohio typically involves a clear salary scaling from entry-level positions to senior roles. Junior examiners might start in the lower percentiles, while those with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting increased responsibility and expertise. The widening gap between lower and upper percentile salaries signifies substantial opportunities for career advancement and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,100$23.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$59,348$28.5
ManagerOversees team, compliance, and project delivery.50% (Median)$66,090$31.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$98,913$47.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$126,830$61

Detailed Financial Examiners Market Analysis

Relocation Context

Nominal Salary

$79,130

Gross Pay

Real Wage (Purchasing Power)

$87,148

Adjusted for COL (90.8)

The average nominal salary of $79,130 in Ohio for Financial Examiners is significantly enhanced by the state's Cost of Living Index of 90.8, which is below the national average of 100. This means that the purchasing power of an Ohio-based Financial Examiner's salary is effectively greater than the nominal figure suggests, allowing for a higher standard of living compared to areas with a higher cost of living.

Job Market Context

3,500

Total Jobs

0.634

Per 1K Jobs

1.55

Location Quotient

Major Hub

Ohio has 1.6x the national concentration of Financial Examiners jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

Ohio's Location Quotient of 1.55 for Financial Examiners signifies a market where this profession is more concentrated than the national average. This suggests a competitive yet potentially abundant job market, indicating that while there are more opportunities relative to the national distribution, employers may also have a larger pool of qualified candidates to choose from.

Nearby Job Markets

Nearby Cities for Financial Examiners

CitySalaryDist.
Columbus, OH Financial Examiners Salary$86,150↑ 9%32 mi

Comparing salaries near Ohio

Hiring Financial Examinerss?

Frequently Asked Questions

How much does a Financial Examiners make in Ohio?

The median annual salary for a Financial Examiners in Ohio is $79,130. This typically ranges from $49,100 for entry-level positions to $126,830 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Ohio is 20.2% lower than the national median of $99,150.

Is Ohio a lucrative place for Financial Examiners?

Yes, considering the cost of living.While the average salary is below the national average, Ohio's lower cost of living index means your earnings likely have greater purchasing power. The strong concentration of Financial Examiners also suggests a stable job market.

Is Ohio a good place to live for Financial Examiners?

With a Cost of Living Index of 90.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Ohio?

Some top paying nearby cities include Columbus, OH ($86,150) and others.

How does Ohio's Financial Examiner salary compare to the national average?

The average annual salary for Financial Examiners in Ohio is $79,130, which is $20,020 less than the national average of $99,150.

What is the concentration of Financial Examiners in Ohio?

Ohio has a Location Quotient of 1.55 for Financial Examiners, indicating that the state has a 55% higher concentration of these professionals compared to the national average.

How many Financial Examiners are there in Ohio?

There are approximately 3,500 Financial Examiners working in Ohio, representing 0.634 jobs per 1,000 workers in the state.

Is the cost of living in Ohio higher or lower than the national average?

Ohio's Cost of Living Index is 90.8, which is lower than the national average of 100, making it more affordable to live in the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,500 employees in the Ohio area with a job density of 0.634 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Examiners • Data source: BLS OEWS 2024 •Jobs in Ohio