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Average Financial Managers Salary in Bismarck, ND

Financial Managers in Bismarck, North Dakota, earn an average annual salary of $152,160. 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 lower, understanding the local economic landscape is crucial for a complete picture.

Executive Summary

  • Average Salary: $152,160 per year.
  • Growth Trend: Salaries have shifted 8.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $228,240.
  • Outlook: Bismarck's financial management sector, while modest in size with a total local workforce of 380, shows a concentration slightly above the national average with a Location Quotient of 1.02. This indicates a stable, albeit not rapidly expanding, demand for financial expertise within the local economy. The presence of 5.411 jobs per 1,000 workers suggests a consistent need for these professionals.
2024 Market Data

Salary Overview

$152,160

The average Financial Managers in Bismarck, ND earns-17.5%below the national average.

BreakdownBased on 40h/week
Hourly

$73.2

Weekly

$2,926

Monthly

$12,680

Financial Managers Salary Distribution in Bismarck, ND

Salary progression for Financial Managers in Bismarck is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior roles with extensive experience and strategic oversight can significantly exceed the average. The percentile gaps between junior and senior roles highlight the substantial career advancement and earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$85,190$41
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$114,120$54.9
ManagerOversees team, compliance, and project delivery.50% (Median)$128,240$61.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$190,200$91.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$228,240$109.7

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$152,160

Gross Pay

Real Wage (Purchasing Power)

$152,160

Adjusted for COL (100)

With a Cost of Living Index of 100, Bismarck, ND, is precisely at the national average. This means the nominal salary of $152,160 for Financial Managers offers purchasing power that aligns with the typical American standard. While the salary is below the national average for the role, the equivalent cost of living suggests that the take-home pay may provide a comparable lifestyle to higher-paying markets with a higher cost of living.

Job Market Context

380

Total Jobs

5.411

Per 1K Jobs

1.02

Location Quotient

Above Average

With a location quotient of 1.02, Bismarck, ND has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.

The Location Quotient of 1.02 for Financial Managers in Bismarck indicates a job market that is very close to the national average in terms of concentration. This suggests that the demand for financial management professionals is neither exceptionally high nor low relative to other occupations within the city. It points to a balanced market where opportunities exist but are not overwhelmingly abundant.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
West North Dakota nonmetropolitan area Financial Managers Salary$147,540↓ 3%68 mi
East North Dakota nonmetropolitan area Financial Managers Salary$133,120↓ 13%68 mi

Comparing salaries near Bismarck, ND

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Bismarck, ND?

The median annual salary for a Financial Managers in Bismarck, ND is $152,160. This typically ranges from $85,190 for entry-level positions to $228,240 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Bismarck, ND is 17.5% lower than the national median of $184,480.

Is Bismarck, ND a lucrative place for Financial Managers?

Yes, with caveats.While the average salary of $152,160 is below the national average, Bismarck's cost of living is also at the national average, making the salary's purchasing power comparable. The job market shows a slight concentration above the national average, indicating steady demand.

Is Bismarck, ND a good place to live for Financial Managers?

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

Where are the highest paying cities near Bismarck, ND?

Some top paying nearby cities include West North Dakota nonmetropolitan area ($147,540) and East North Dakota nonmetropolitan area.

How does Bismarck's Financial Manager salary compare to the national average?

Financial Managers in Bismarck earn an average of $152,160 annually, which is less than the national average of $184,480.

What is the cost of living in Bismarck, ND?

Bismarck, North Dakota, has a Cost of Living Index of 100, which is exactly the national average.

How concentrated is the Financial Manager job market in Bismarck?

The job market for Financial Managers in Bismarck has a Location Quotient of 1.02, indicating a concentration very close to the national average.

What is the total number of Financial Managers in Bismarck?

There are approximately 380 Financial Managers working in Bismarck, North Dakota.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Bismarck, ND area with a job density of 5.411 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 Bismarck, ND