Average Financial Managers Salary in Barnstable Town, MA
Financial Managers in Barnstable Town, MA earn an average annual salary of $159,030, which is notably below the national average of $184,480. This disparity can be attributed to a variety of local economic factors, including industry demand, the specific business landscape, and the overall economic health of the region, which collectively influence compensation levels for specialized roles.
Executive Summary
- Average Salary: $159,030 per year.
- Growth Trend: Salaries have shifted 52.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $238,545.
- Outlook: The financial management sector in Barnstable Town, MA, supports a local workforce of 340 professionals. With a Location Quotient of 0.69, the concentration of these roles is slightly below the national average, suggesting a moderate but not oversaturated market. The presence of 3.68 Financial Managers per 1,000 workers indicates a steady demand for these specialized skills within the local economy.
Salary Overview
The average Financial Managers in Barnstable Town, MA earns-13.8%below the national average.
$76.5
$3,058
$13,253
Financial Managers Salary Trends (2020-2024)
While specific historical data for Barnstable Town is not provided, it is generally observed that salaries for Financial Managers nationwide have experienced consistent growth over the past four years, driven by increasing complexity in financial regulations, evolving market dynamics, and a persistent demand for skilled professionals. This upward trend is likely reflected, to some degree, in the compensation landscape for Financial Managers in Barnstable Town, MA.
Financial Managers Salary Distribution in Barnstable Town, MA
The career trajectory for Financial Managers in Barnstable Town, MA, typically involves significant salary progression based on experience. Entry-level positions might start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized expertise can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on accumulated knowledge, leadership capabilities, and strategic financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $90,510 | $43.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,273 | $57.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $141,290 | $67.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $198,788 | $95.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $238,545 | $114.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$159,030
Gross Pay
Real Wage (Purchasing Power)
$159,030
Adjusted for COL (100)
A nominal salary of $159,030 in Barnstable Town, MA, aligns precisely with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Financial Manager's salary in Barnstable Town is comparable to that of their counterparts in a typical U.S. city, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
340
Total Jobs
3.68
Per 1K Jobs
0.69
Location Quotient
Barnstable Town, MA has 0.69x 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.
The Location Quotient of 0.69 for Financial Managers in Barnstable Town, MA, suggests that the concentration of these professionals is somewhat lower than the national average. This indicates that while the job market is not as densely populated with financial managers as in other regions, there is still a consistent presence and demand for their expertise within the local economic structure.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Financial Managers Salary | $170,800↑ 7% | 58 mi |
| Boston-Cambridge-Newton, MA-NH Financial Managers Salary | $209,520↑ 32% | 59 mi |
| Massachusetts nonmetropolitan area Financial Managers Salary | $148,630↓ 7% | 73 mi |
| Worcester, MA Financial Managers Salary | $175,840↑ 11% | 87 mi |
| Norwich-New London-Willimantic, CT Financial Managers Salary | $161,340↑ 1% | 93 mi |
Comparing salaries near Barnstable Town, MA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Barnstable Town, MA?
The median annual salary for a Financial Managers in Barnstable Town, MA is $159,030. This typically ranges from $90,510 for entry-level positions to $238,545 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Barnstable Town, MA is 13.8% lower than the national median of $184,480.
Is Barnstable Town, MA a lucrative place for Financial Managers?
No, it is not currently as lucrative as the national average.Financial Managers in Barnstable Town, MA earn approximately 13.7% less than the national average. However, the cost of living is on par with the national average, suggesting that the nominal salary is directly reflective of local market conditions rather than cost-of-living adjustments.
Is Barnstable Town, MA a good place to live for Financial Managers?
The Cost of Living Index in Barnstable Town, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Barnstable Town, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($170,800) and Boston-Cambridge-Newton, MA-NH.
How does the number of Financial Managers in Barnstable Town compare to the national average?
Barnstable Town has 3.68 Financial Managers per 1,000 workers, which is slightly below the national average concentration, indicated by a Location Quotient of 0.69.
What is the total number of Financial Managers in Barnstable Town, MA?
There are approximately 340 Financial Managers employed within Barnstable Town, MA.
Does Barnstable Town, MA offer a competitive job market for Financial Managers?
The market is moderately competitive, with a concentration slightly below the national average, suggesting opportunities exist without extreme saturation.
How does the cost of living in Barnstable Town, MA affect the Financial Manager salary?
The cost of living in Barnstable Town is exactly at the national average (100), meaning the $159,030 salary offers purchasing power equivalent to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Barnstable Town, MA area with a job density of 3.68 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 Barnstable Town, MA