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Average Financial Managers Salary in Billings, MT

Financial Managers in Billings, MT, earn an average annual salary of $151,860. This figure is notably below the national average of $184,480, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this Montana city.

Executive Summary

  • Average Salary: $151,860 per year.
  • Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $228,100.
  • Outlook: With a total local workforce of 220 Financial Managers, Billings presents a relatively niche job market. The location quotient of 0.45 indicates a lower concentration of these professionals compared to the national average, suggesting that while the absolute number of jobs is modest, the demand might be specialized within the local economic landscape.
2024 Market Data

Salary Overview

$151,860

The average Financial Managers in Billings, MT earns-17.7%below the national average.

BreakdownBased on 40h/week
Hourly

$73

Weekly

$2,920

Monthly

$12,655

Financial Managers Salary Distribution in Billings, MT

The salary progression for Financial Managers in Billings, MT, typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, significantly exceeding the average. These percentile gaps are indicative of the career growth and increased earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$82,300$39.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$113,895$54.8
ManagerOversees team, compliance, and project delivery.50% (Median)$138,490$66.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$189,825$91.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$228,100$109.7

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 annual salary of $151,860 in Billings, MT, 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 Billings is equivalent to that of a Financial Manager earning the national average salary in a location with a national average cost of living, offering a stable financial footing.

Job Market Context

220

Total Jobs

2.371

Per 1K Jobs

0.45

Location Quotient

Low Concentration

At 0.45x, Billings, MT has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

A location quotient of 0.45 for Financial Managers in Billings, MT, signifies that the concentration of these roles is less than half of the national average. This suggests that the job market for Financial Managers in Billings is not as saturated as in many other parts of the country, potentially offering unique opportunities for those with relevant expertise, though the overall volume of positions remains limited.

Nearby Job Markets

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Billings, MT?

The median annual salary for a Financial Managers in Billings, MT is $151,860. This typically ranges from $82,300 for entry-level positions to $228,100 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Billings, MT is 17.7% lower than the national median of $184,480.

Is Billings, MT a lucrative place for Financial Managers?

No, not compared to the national average.While the average salary of $151,860 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, making the nominal salary's purchasing power comparable.

Is Billings, MT a good place to live for Financial Managers?

The Cost of Living Index in Billings, MT is 100. While higher than average, this often correlates with higher wages.

What is the average salary for a Financial Manager in Billings, MT?

The average annual salary for a Financial Manager in Billings, MT is $151,860.

How does the Billings, MT salary compare to the national average?

The average salary in Billings, MT ($151,860) is lower than the national average salary of $184,480 for Financial Managers.

What is the cost of living in Billings, MT?

Billings, MT has a cost of living index of 100, which is exactly the national average.

Is there high demand for Financial Managers in Billings, MT?

The location quotient of 0.45 suggests a lower concentration of Financial Managers compared to the national average, indicating a more specialized or less abundant job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Billings, MT area with a job density of 2.371 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Billings, MT