Average Financial Managers Salary in Bozeman, MT
Financial Managers in Bozeman, Montana, command an average annual salary of $150,620. This figure is notably below the national average of $184,480, suggesting that while Bozeman offers a competitive salary, the specific economic landscape and industry demands within the region contribute to this differential. Understanding these local market dynamics is key for financial professionals considering a move to or within Bozeman.
Executive Summary
- Average Salary: $150,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $232,520.
- Outlook: Bozeman, MT, hosts a concentrated workforce of 210 Financial Managers, indicating a specialized but potentially stable job market. The Location Quotient of 0.55 suggests a lower concentration compared to the national average, implying that while opportunities exist, they may be less abundant than in larger metropolitan areas. The presence of nearly 3 Financial Manager roles per 1,000 workers signifies a consistent, albeit moderate, demand for these professionals within the local economy.
Salary Overview
The average Financial Managers in Bozeman, MT earns-18.4%below the national average.
$72.4
$2,897
$12,552
Financial Managers Salary Trends (2020-2024)
While specific historical data for Bozeman's Financial Manager salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing demand for sophisticated financial oversight typically drive salary increases for experienced professionals. Therefore, it's likely that Financial Managers in Bozeman have seen their compensation grow over the last four years, reflecting broader economic conditions and the evolving needs of businesses.
Financial Managers Salary Distribution in Bozeman, MT
Salary progression for Financial Managers in Bozeman, as elsewhere, is strongly tied to experience and expertise. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive experience, strategic decision-making capabilities, and leadership, command significantly higher salaries. The percentile gaps in compensation clearly signify career progression, with seasoned professionals earning substantially more than their less experienced counterparts, reflecting their increased value and contribution to organizational financial health.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $83,550 | $40.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $112,965 | $54.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,410 | $61.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $188,275 | $90.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $232,520 | $111.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$150,620
Gross Pay
Real Wage (Purchasing Power)
$150,620
Adjusted for COL (100)
The average annual salary of $150,620 for Financial Managers in Bozeman, MT, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in Bozeman is equivalent to the national average. While the nominal salary is lower than the national average, the balanced cost of living ensures that the real value of their earnings remains on par with national standards, making Bozeman an economically stable choice.
Job Market Context
210
Total Jobs
2.944
Per 1K Jobs
0.55
Location Quotient
Bozeman, MT has 0.55x 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 0.55, Bozeman, MT, has a Financial Manager job market that is less concentrated than the national average. This suggests that while there is a demand for these professionals, the market is not saturated, potentially offering good opportunities for skilled individuals. The lower concentration implies that Financial Managers might find a more specialized niche or face less direct competition compared to larger, more established financial hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Helena, MT Financial Managers Salary | $128,270↓ 15% | 78 mi |
| West Montana nonmetropolitan area Financial Managers Salary | $161,490↑ 7% | 90 mi |
| East-Central Montana nonmetropolitan area Financial Managers Salary | $114,980↓ 24% | 90 mi |
| Southwest Montana nonmetropolitan area Financial Managers Salary | $129,550↓ 14% | 90 mi |
Comparing salaries near Bozeman, MT
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Frequently Asked Questions
How much does a Financial Managers make in Bozeman, MT?
The median annual salary for a Financial Managers in Bozeman, MT is $150,620. This typically ranges from $83,550 for entry-level positions to $232,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bozeman, MT is 18.4% lower than the national median of $184,480.
Is Bozeman, MT a lucrative place for Financial Managers?
Yes, with a caveat.Bozeman offers a competitive salary of $150,620, which, combined with a national-average cost of living, provides strong purchasing power. However, this salary is below the national average for the role, indicating regional economic factors influence compensation.
Is Bozeman, MT a good place to live for Financial Managers?
The Cost of Living Index in Bozeman, MT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bozeman, MT?
Some top paying nearby cities include Helena, MT ($128,270) and West Montana nonmetropolitan area.
How does Bozeman's Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Bozeman, MT, is $150,620, which is lower than the national average of $184,480.
What is the cost of living in Bozeman, MT?
Bozeman, MT, has a Cost of Living Index of 100, which is exactly the national average.
Is there high demand for Financial Managers in Bozeman?
There are approximately 2.944 Financial Manager jobs per 1,000 workers in Bozeman, indicating a moderate level of demand within the local workforce.
How concentrated is the Financial Manager job market in Bozeman?
The Financial Manager job market in Bozeman has a Location Quotient of 0.55, meaning it is less concentrated than the national average, suggesting a less saturated but potentially specialized market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Bozeman, MT area with a job density of 2.944 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 Bozeman, MT