Average Financial Managers Salary in Bellingham, WA
Financial Managers in Bellingham, WA earn an average annual salary of $163,180, which is notably below the national average of $184,480. This disparity can often be attributed to the specific economic drivers and industry demands within the Bellingham metropolitan area, influencing the compensation benchmarks for specialized roles.
Executive Summary
- Average Salary: $163,180 per year.
- Growth Trend: Salaries have shifted 30.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $244,770.
- Outlook: The local job market for Financial Managers in Bellingham, WA, while not exceptionally concentrated with a Location Quotient of 0.58, still supports a dedicated workforce of 280 professionals. The presence of 3.087 jobs per 1,000 workers indicates a steady, albeit not booming, demand for financial expertise within the region.
Salary Overview
The average Financial Managers in Bellingham, WA earns-11.5%below the national average.
$78.5
$3,138
$13,598
Financial Managers Salary Trends (2020-2024)
While specific historical data for Bellingham 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 economic complexity and the demand for sophisticated financial planning and analysis. It is reasonable to assume that Bellingham's market has mirrored this trend to some extent, with incremental salary increases reflecting evolving market conditions and inflation.
Financial Managers Salary Distribution in Bellingham, WA
Career progression for Financial Managers typically involves significant salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles, often exceeding the average. The gap between entry-level and senior roles highlights the substantial earning potential and career trajectory available in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $94,830 | $45.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,385 | $58.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $147,830 | $71.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $203,975 | $98.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $244,770 | $117.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$163,180
Gross Pay
Real Wage (Purchasing Power)
$163,180
Adjusted for COL (100)
The average annual salary of $163,180 in Bellingham, WA, 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 Bellingham is equivalent to the national average, suggesting that while the nominal salary is lower than the national average, the cost of living does not significantly diminish its real value.
Job Market Context
280
Total Jobs
3.087
Per 1K Jobs
0.58
Location Quotient
Bellingham, WA has 0.58x 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 0.58, Financial Manager roles are less concentrated in Bellingham, WA, compared to the national average. This suggests that the job market may be less saturated, potentially offering opportunities for skilled professionals, but also indicating that the demand might be more niche or specialized within the local economy.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Mount Vernon-Anacortes, WA Financial Managers Salary | $169,680↑ 4% | 24 mi |
| Seattle-Tacoma-Bellevue, WA Financial Managers Salary | $201,110↑ 23% | 80 mi |
| Bremerton-Silverdale-Port Orchard, WA Financial Managers Salary | $167,180↑ 2% | 84 mi |
Comparing salaries near Bellingham, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Bellingham, WA?
The median annual salary for a Financial Managers in Bellingham, WA is $163,180. This typically ranges from $94,830 for entry-level positions to $244,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bellingham, WA is 11.5% lower than the national median of $184,480.
Is Bellingham, WA a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $163,180 is below the national average, the cost of living in Bellingham is also at the national average, meaning your salary's purchasing power is maintained. The lower concentration of roles suggests a potentially less competitive market for experienced professionals.
Is Bellingham, WA a good place to live for Financial Managers?
The Cost of Living Index in Bellingham, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bellingham, WA?
Some top paying nearby cities include Mount Vernon-Anacortes, WA ($169,680) and Seattle-Tacoma-Bellevue, WA.
How does Bellingham's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Bellingham, WA is $163,180, which is approximately 11.5% lower than the national average of $184,480.
What is the cost of living in Bellingham, WA for Financial Managers?
Bellingham, WA has a Cost of Living Index of 100, which is exactly the national average. This means the purchasing power of a Financial Manager's salary is on par with the national average.
How concentrated are Financial Manager jobs in Bellingham, WA?
The concentration of Financial Manager jobs in Bellingham, WA, is indicated by a Location Quotient of 0.58, meaning there are fewer Financial Managers relative to the national average.
What is the total number of Financial Managers in Bellingham, WA?
There are approximately 280 Financial Managers employed in Bellingham, WA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Bellingham, WA area with a job density of 3.087 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 Bellingham, WA