Average Financial Managers Salary in Amherst Town-Northampton, MA
Financial Managers in Amherst Town-Northampton, MA, earn an average annual salary of $151,860. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. While the nominal salary is substantial, understanding its purchasing power relative to local economic conditions is key.
Executive Summary
- Average Salary: $151,860 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $217,870.
- Outlook: The Amherst Town-Northampton area supports a local workforce of 270 Financial Managers. With a Location Quotient of 0.73, the concentration of these roles is slightly below the national average, indicating a moderate but not exceptionally high demand relative to the broader U.S. market. The presence of nearly 4 Financial Manager jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, job market for these professionals.
Salary Overview
The average Financial Managers in Amherst Town-Northampton, MA earns-17.7%below the national average.
$73
$2,920
$12,655
Financial Managers Salary Trends (2020-2024)
While specific historical data for Amherst Town-Northampton is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for financial expertise, and evolving market complexities. This trend likely extends to the Amherst region, with compensation adjustments reflecting both local economic conditions and broader industry pay scale increases.
Financial Managers Salary Distribution in Amherst Town-Northampton, MA
The salary trajectory for Financial Managers typically shows significant growth with experience. Entry-level positions might start considerably lower than the $151,860 average, while senior roles, particularly those with extensive P&L responsibility or strategic oversight, can command salaries well above this figure. The percentile gaps in salary distribution within Amherst would likely reflect this progression, with experienced professionals securing higher compensation packages.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,260 | $38.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,895 | $54.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,410 | $62.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,825 | $91.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $217,870 | $104.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,860
Gross Pay
Real Wage (Purchasing Power)
$151,860
Adjusted for COL (100)
The average salary of $151,860 in Amherst Town-Northampton aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average. While the nominal salary is lower than the national average for the role, the cost of living parity ensures that the take-home pay offers comparable living standards to other regions.
Job Market Context
270
Total Jobs
3.888
Per 1K Jobs
0.73
Location Quotient
Amherst Town-Northampton, MA has 0.73x 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 0.73 for Financial Managers in Amherst Town-Northampton indicates that the profession is somewhat less concentrated than the national average. This suggests that while there is a consistent need for financial expertise, the market may not be saturated, potentially offering opportunities for skilled professionals. However, it also implies that the sheer volume of available positions might be lower compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Springfield, MA Financial Managers Salary | $173,950↑ 15% | 18 mi |
| Worcester, MA Financial Managers Salary | $175,840↑ 16% | 37 mi |
| Pittsfield, MA Financial Managers Salary | $162,140↑ 7% | 38 mi |
| Hartford-West Hartford-East Hartford, CT Financial Managers Salary | $180,060↑ 19% | 43 mi |
| Massachusetts nonmetropolitan area Financial Managers Salary | $148,630↓ 2% | 52 mi |
Comparing salaries near Amherst Town-Northampton, MA
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Frequently Asked Questions
How much does a Financial Managers make in Amherst Town-Northampton, MA?
The median annual salary for a Financial Managers in Amherst Town-Northampton, MA is $151,860. This typically ranges from $80,260 for entry-level positions to $217,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Amherst Town-Northampton, MA is 17.7% lower than the national median of $184,480.
Is Amherst Town-Northampton, MA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $151,860 is substantial, it falls below the national average for Financial Managers. However, the cost of living also matches the national average, meaning the salary's purchasing power is equivalent.
Is Amherst Town-Northampton, MA a good place to live for Financial Managers?
The Cost of Living Index in Amherst Town-Northampton, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Amherst Town-Northampton, MA?
Some top paying nearby cities include Springfield, MA ($173,950) and Worcester, MA.
How does the Amherst salary compare to the national average?
The average salary for Financial Managers in Amherst Town-Northampton, MA, is $151,860, which is lower than the national average of $184,480.
What is the cost of living in Amherst Town-Northampton, MA?
The Cost of Living Index in Amherst Town-Northampton, MA, is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Amherst?
The job market for Financial Managers in Amherst is slightly less concentrated than the national average, with a Location Quotient of 0.73.
How many Financial Managers are there in Amherst Town-Northampton, MA?
There are approximately 270 Financial Managers in the local workforce of Amherst Town-Northampton, MA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Amherst Town-Northampton, MA area with a job density of 3.888 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 Amherst Town-Northampton, MA