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Average Financial Managers Salary in Blacksburg-Christiansburg-Radford, VA

Financial Managers in Blacksburg-Christiansburg-Radford, VA, earn an average annual salary of $147,020. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and regional economic factors play a significant role in compensation levels within this specific metropolitan area.

Executive Summary

  • Average Salary: $147,020 per year.
  • Growth Trend: Salaries have shifted 11.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $212,730.
  • Outlook: The job market for Financial Managers in Blacksburg-Christiansburg-Radford, VA, appears moderately concentrated, with a Location Quotient of 0.52 indicating a presence that is less than half the national average. While the total local workforce of 200 professionals suggests a niche market, the 2.753 jobs per 1,000 workers points to a steady, albeit not overwhelming, demand for these specialized financial roles.
2024 Market Data

Salary Overview

$147,020

The average Financial Managers in Blacksburg-Christiansburg-Radford, VA earns-20.3%below the national average.

BreakdownBased on 40h/week
Hourly

$70.7

Weekly

$2,827

Monthly

$12,252

Financial Managers Salary Distribution in Blacksburg-Christiansburg-Radford, VA

Salary progression for Financial Managers in Blacksburg-Christiansburg-Radford, VA, is significantly influenced by experience and expertise. Entry-level positions will command lower salaries, while senior roles requiring extensive financial planning, analysis, and strategic decision-making capabilities will be compensated at the higher end of the spectrum. The percentile gaps in salary distribution clearly signify opportunities for career advancement and increased earning potential as professionals gain more experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$84,580$40.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$110,265$53
ManagerOversees team, compliance, and project delivery.50% (Median)$134,410$64.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$183,775$88.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$212,730$102.3

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$147,020

Gross Pay

Real Wage (Purchasing Power)

$147,020

Adjusted for COL (100)

The nominal average salary of $147,020 in Blacksburg-Christiansburg-Radford, VA, 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 this area is equivalent to the national average, offering a stable financial environment where income effectively matches living expenses.

Job Market Context

200

Total Jobs

2.753

Per 1K Jobs

0.52

Location Quotient

Below Average

Blacksburg-Christiansburg-Radford, VA has 0.52x 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 0.52, the market for Financial Managers in Blacksburg-Christiansburg-Radford, VA, is less concentrated than the national average. This suggests that while there is a demand for these professionals, the competition might be less intense compared to major metropolitan hubs, potentially offering unique opportunities for skilled individuals seeking to establish or advance their careers in this region.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Roanoke, VA Financial Managers Salary$161,600↑ 10%26 mi
Beckley, WV Financial Managers Salary$116,550↓ 21%57 mi
Lynchburg, VA Financial Managers Salary$159,490↑ 8%69 mi
Winston-Salem, NC Financial Managers Salary$160,230↑ 9%79 mi
Greensboro-High Point, NC Financial Managers Salary$171,570↑ 17%85 mi

Comparing salaries near Blacksburg-Christiansburg-Radford, VA

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Blacksburg-Christiansburg-Radford, VA?

The median annual salary for a Financial Managers in Blacksburg-Christiansburg-Radford, VA is $147,020. This typically ranges from $84,580 for entry-level positions to $212,730 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Blacksburg-Christiansburg-Radford, VA is 20.3% lower than the national median of $184,480.

Is Blacksburg-Christiansburg-Radford, VA a lucrative place for Financial Managers?

No, but it offers stable purchasing power.While the average salary of $147,020 is below the national average, the cost of living being at the national average means your earnings hold their value effectively.

Is Blacksburg-Christiansburg-Radford, VA a good place to live for Financial Managers?

The Cost of Living Index in Blacksburg-Christiansburg-Radford, VA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Blacksburg-Christiansburg-Radford, VA?

Some top paying nearby cities include Roanoke, VA ($161,600) and Beckley, WV.

How does the Blacksburg-Christiansburg-Radford, VA salary compare to the national average?

The average salary for Financial Managers in Blacksburg-Christiansburg-Radford, VA, is $147,020, which is lower than the national average of $184,480.

What is the job concentration for Financial Managers in this area?

The job concentration, measured by the Location Quotient, is 0.52, indicating that Financial Managers are less prevalent in Blacksburg-Christiansburg-Radford, VA, compared to the national average.

Does the cost of living affect the perceived value of a Financial Manager's salary?

No, the cost of living in Blacksburg-Christiansburg-Radford, VA, is exactly at the national average (100), meaning the $147,020 salary has average purchasing power.

How many Financial Manager jobs are there per 1,000 workers locally?

There are approximately 2.753 Financial Manager jobs per 1,000 workers in the Blacksburg-Christiansburg-Radford, VA area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Blacksburg-Christiansburg-Radford, VA area with a job density of 2.753 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Blacksburg-Christiansburg-Radford, VA

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Blacksburg-Christiansburg-Radford, VA