Average Financial Managers Salary in Allentown-Bethlehem-Easton, PA-NJ
Financial Managers in the Allentown-Bethlehem-Easton, PA-NJ area earn an average annual salary of $155,790. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation differential. Understanding these regional pay scales is crucial for professionals in the field.
Executive Summary
- Average Salary: $155,790 per year.
- Growth Trend: Salaries have shifted 0.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $233,685.
- Outlook: With a local workforce of 1,340 Financial Managers, the Allentown-Bethlehem-Easton region demonstrates a stable, albeit not exceptionally concentrated, presence of these professionals. The Location Quotient of 0.68 indicates that the concentration of Financial Managers is below the national average, suggesting a moderate demand relative to the national landscape, but still representing a significant number of available positions within the local economy.
Salary Overview
The average Financial Managers in Allentown-Bethlehem-Easton, PA-NJ earns-15.6%below the national average.
$74.9
$2,996
$12,983
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including the Allentown-Bethlehem-Easton area, have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets, leading to upward pressure on compensation.
Financial Managers Salary Distribution in Allentown-Bethlehem-Easton, PA-NJ
Salary progression for Financial Managers is strongly tied to experience and responsibility. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, such as Chief Financial Officers or Directors of Finance, can earn significantly more. The percentile gaps in salary data clearly signify this career progression, with experienced professionals consistently earning higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,970 | $38.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $116,843 | $56.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $137,630 | $66.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $194,738 | $93.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $233,685 | $112.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$155,790
Gross Pay
Real Wage (Purchasing Power)
$155,790
Adjusted for COL (100)
The average annual salary of $155,790 for Financial Managers in Allentown-Bethlehem-Easton aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, indicating that while the nominal salary is lower than the national average, the cost of living does not present a disadvantage in terms of real income.
Job Market Context
1,340
Total Jobs
3.614
Per 1K Jobs
0.68
Location Quotient
Allentown-Bethlehem-Easton, PA-NJ has 0.68x 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.
A Location Quotient of 0.68 for Financial Managers in Allentown-Bethlehem-Easton suggests that the concentration of these roles is less than the national average. This indicates that while there is a presence of Financial Managers, the market is not as saturated as in other regions, potentially offering a competitive environment for skilled professionals seeking opportunities without facing extreme competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Reading, PA Financial Managers Salary | $148,930↓ 4% | 30 mi |
| Trenton-Princeton, NJ Financial Managers Salary | $198,260↑ 27% | 45 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Managers Salary | $177,520↑ 14% | 47 mi |
| Lebanon, PA Financial Managers Salary | $136,820↓ 12% | 53 mi |
| Scranton--Wilkes-Barre, PA Financial Managers Salary | $136,520↓ 12% | 57 mi |
Comparing salaries near Allentown-Bethlehem-Easton, PA-NJ
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Allentown-Bethlehem-Easton, PA-NJ?
The median annual salary for a Financial Managers in Allentown-Bethlehem-Easton, PA-NJ is $155,790. This typically ranges from $80,970 for entry-level positions to $233,685 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Allentown-Bethlehem-Easton, PA-NJ is 15.6% lower than the national median of $184,480.
Is Allentown-Bethlehem-Easton, PA-NJ a lucrative place for Financial Managers?
No, but it offers good value.While the average salary of $155,790 is below the national average, the cost of living is also at the national average. This means your earnings have equivalent purchasing power to the national average, offering good financial stability.
Is Allentown-Bethlehem-Easton, PA-NJ a good place to live for Financial Managers?
The Cost of Living Index in Allentown-Bethlehem-Easton, PA-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Allentown-Bethlehem-Easton, PA-NJ?
Some top paying nearby cities include Reading, PA ($148,930) and Trenton-Princeton, NJ.
How does the local Financial Manager salary compare to the national average?
The average salary for Financial Managers in Allentown-Bethlehem-Easton, PA-NJ is $155,790, which is lower than the national average of $184,480.
What is the total number of Financial Managers in the Allentown-Bethlehem-Easton area?
There are approximately 1,340 Financial Managers employed in the Allentown-Bethlehem-Easton, PA-NJ region.
How concentrated are Financial Manager jobs in Allentown-Bethlehem-Easton compared to the rest of the US?
The concentration of Financial Manager jobs in Allentown-Bethlehem-Easton, with a Location Quotient of 0.68, is below the national average, indicating a less saturated market relative to the US.
Does the cost of living in Allentown-Bethlehem-Easton affect the value of a Financial Manager's salary?
No, the cost of living in Allentown-Bethlehem-Easton is at the national average (100), meaning the $155,790 salary has the same purchasing power as the national average salary.
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 Allentown-Bethlehem-Easton, PA-NJ area with a job density of 3.614 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 Managers • Data source: BLS OEWS 2024 •Jobs in Allentown-Bethlehem-Easton, PA-NJ