Average Financial Managers Salary in Atlantic City-Hammonton, NJ
Financial Managers in Atlantic City-Hammonton, NJ, earn an average annual salary of $163,390. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this region. Factors such as the specific industries prevalent in the area and the overall demand for financial expertise likely contribute to this pay differential.
Executive Summary
- Average Salary: $163,390 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $245,085.
- Outlook: The Atlantic City-Hammonton, NJ, job market for Financial Managers presents a moderate concentration, indicated by a Location Quotient of 0.5. With a local workforce of 450 professionals in this role, the market is neither saturated nor exceptionally scarce, suggesting a stable demand. The presence of 2.681 Financial Managers per 1,000 workers points to a consistent, albeit not overwhelmingly high, need for these specialized skills within the region's economy.
Salary Overview
The average Financial Managers in Atlantic City-Hammonton, NJ earns-11.4%below the national average.
$78.6
$3,142
$13,616
Financial Managers Salary Trends (2020-2024)
While specific historical data for Atlantic City-Hammonton is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by increasing economic complexity and the critical role these professionals play in corporate strategy and financial health. This upward trend is likely mirrored, to some extent, in the local market, reflecting broader economic influences and the evolving demands placed upon financial leadership.
Financial Managers Salary Distribution in Atlantic City-Hammonton, NJ
Career progression for Financial Managers typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, often exceeding $200,000 nationally. The widening gap between entry-level and senior roles underscores the value of accumulated expertise, strategic oversight, and leadership capabilities in driving higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $90,530 | $43.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,543 | $58.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $146,020 | $70.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,238 | $98.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $245,085 | $117.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$163,390
Gross Pay
Real Wage (Purchasing Power)
$163,390
Adjusted for COL (100)
The average annual salary of $163,390 for Financial Managers in Atlantic City-Hammonton aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned locally offers purchasing power equivalent to the national average, indicating a balanced financial landscape where compensation effectively meets the cost of living without significant advantage or disadvantage.
Job Market Context
450
Total Jobs
2.681
Per 1K Jobs
0.5
Location Quotient
Atlantic City-Hammonton, NJ has 0.50x 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.
With a Location Quotient of 0.5, the Atlantic City-Hammonton, NJ, market for Financial Managers is less concentrated than the national average. This suggests that while the role is present and valued, the demand might be more specialized or less widespread compared to major financial hubs. Professionals may find fewer direct competitors but also potentially fewer opportunities compared to areas with a higher concentration of financial services firms.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Vineland, NJ Financial Managers Salary | $178,380↑ 9% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Managers Salary | $177,520↑ 9% | 55 mi |
| Sussex Delaware nonmetropolitan area Financial Managers Salary | $183,040↑ 12% | 56 mi |
| Dover, DE Financial Managers Salary | $166,570↑ 2% | 59 mi |
| Trenton-Princeton, NJ Financial Managers Salary | $198,260↑ 21% | 61 mi |
Comparing salaries near Atlantic City-Hammonton, NJ
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Atlantic City-Hammonton, NJ?
The median annual salary for a Financial Managers in Atlantic City-Hammonton, NJ is $163,390. This typically ranges from $90,530 for entry-level positions to $245,085 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Atlantic City-Hammonton, NJ is 11.4% lower than the national median of $184,480.
Is Atlantic City-Hammonton, NJ a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $163,390 is substantial, it falls below the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Atlantic City-Hammonton, NJ a good place to live for Financial Managers?
The Cost of Living Index in Atlantic City-Hammonton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Atlantic City-Hammonton, NJ?
Some top paying nearby cities include Vineland, NJ ($178,380) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.
How does the Atlantic City-Hammonton salary compare to the national average?
The average salary for Financial Managers in Atlantic City-Hammonton is $163,390, which is approximately $21,000 less than the national average of $184,480.
What is the concentration of Financial Managers in Atlantic City-Hammonton?
The concentration, measured by the Location Quotient, is 0.5, indicating that Financial Managers are employed in this area at half the rate seen nationally.
How does the cost of living affect the salary in Atlantic City-Hammonton?
The Cost of Living Index is 100, which is the national average. This means the $163,390 salary has the same relative purchasing power as the national average salary.
What is the total number of Financial Managers in Atlantic City-Hammonton?
There are approximately 450 Financial Managers working in the Atlantic City-Hammonton, NJ area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Atlantic City-Hammonton, NJ area with a job density of 2.681 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 Atlantic City-Hammonton, NJ