Average Financial Managers Salary in Albuquerque, NM
Financial Managers in Albuquerque, NM, earn an average annual salary of $139,480. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in Albuquerque influence compensation levels for this critical role.
Executive Summary
- Average Salary: $139,480 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,250.
- Outlook: With a local workforce of 1,340 Financial Managers and a Location Quotient of 0.63, the job market in Albuquerque indicates a concentration below the national average. While the absolute number of professionals suggests a stable presence, the lower concentration implies less intense competition and potentially fewer specialized opportunities compared to larger metropolitan areas.
Salary Overview
The average Financial Managers in Albuquerque, NM earns-24.4%below the national average.
$67.1
$2,682
$11,623
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers have experienced steady growth over the past four years, mirroring broader economic trends and increasing demand for financial expertise across industries. This upward trajectory is likely influenced by inflation, evolving market demands, and the increasing complexity of financial operations.
Financial Managers Salary Distribution in Albuquerque, NM
Salary progression for Financial Managers in Albuquerque, NM, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting their increased value and responsibility within an organization. The gap between entry-level and senior roles highlights a clear path for career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $85,460 | $41.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $104,610 | $50.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,420 | $61.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $174,350 | $83.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,250 | $101.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$139,480
Gross Pay
Real Wage (Purchasing Power)
$139,480
Adjusted for COL (100)
The average nominal salary of $139,480 in Albuquerque, NM, is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Financial Manager's salary in Albuquerque is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher-cost-of-living cities.
Job Market Context
1,340
Total Jobs
3.329
Per 1K Jobs
0.63
Location Quotient
Albuquerque, NM has 0.63x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
Albuquerque's Location Quotient of 0.63 for Financial Managers signifies that the profession is less concentrated locally compared to the national average. This suggests that while there is a consistent demand for financial expertise, the market is not saturated, potentially offering a more accessible entry point for new professionals or those looking to relocate, though it may also indicate fewer highly specialized roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Financial Managers Salary | $135,200↓ 3% | 29 mi |
| Northern New Mexico nonmetropolitan area Financial Managers Salary | $114,860↓ 18% | 29 mi |
| Santa Fe, NM Financial Managers Salary | $128,240↓ 8% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Albuquerque, NM?
The median annual salary for a Financial Managers in Albuquerque, NM is $139,480. This typically ranges from $85,460 for entry-level positions to $210,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 24.4% lower than the national median of $184,480.
Is Albuquerque, NM a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $139,480 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.
Is Albuquerque, NM a good place to live for Financial Managers?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($135,200) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's Financial Manager salary compare to the national average?
Financial Managers in Albuquerque earn an average of $139,480 annually, which is approximately 24% lower than the national average of $184,480.
What is the cost of living in Albuquerque, NM for Financial Managers?
The Cost of Living Index in Albuquerque is 100, which is exactly the national average. This means that the purchasing power of a Financial Manager's salary in Albuquerque is comparable to the national standard.
How concentrated is the Financial Manager job market in Albuquerque?
The job market for Financial Managers in Albuquerque is less concentrated than the national average, with a Location Quotient of 0.63. This suggests fewer professionals per capita compared to the rest of the country.
What is the total number of Financial Managers in Albuquerque?
There are approximately 1,340 Financial Managers employed in Albuquerque, NM, representing 3.329 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,340 employees in the Albuquerque, NM area with a job density of 3.329 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Albuquerque, NM
- All Occupations Salary in Albuquerque, NM
- Office and Administrative Support Occupations Salary in Albuquerque, NM
- Food Preparation and Serving Related Occupations Salary in Albuquerque, NM
- Sales and Related Occupations Salary in Albuquerque, NM
- Transportation and Material Moving Occupations Salary in Albuquerque, NM
- Healthcare Practitioners and Technical Occupations Salary in Albuquerque, NM
- Healthcare Support Occupations Salary in Albuquerque, NM
- Business and Financial Operations Occupations Salary in Albuquerque, NM
- Management Occupations Salary in Albuquerque, NM
- Construction and Extraction Occupations Salary in Albuquerque, NM
- Browse All Jobs in Albuquerque, NM →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM