Average Financial Managers Salary in Bremerton-Silverdale-Port Orchard, WA
Financial Managers in the Bremerton-Silverdale-Port Orchard, WA area earn an average annual salary of $167,180. This figure is notably below the national average of $184,480, suggesting that local market dynamics and specific industry demands within this region influence compensation levels. Factors such as the concentration of specific industries or the overall economic landscape of the Puget Sound region likely contribute to this pay differential.
Executive Summary
- Average Salary: $167,180 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $250,770.
- Outlook: The job market for Financial Managers in Bremerton-Silverdale-Port Orchard, WA, while not as concentrated as the national average (Location Quotient of 0.46), still presents opportunities. With a local workforce of 230 professionals in this role and 2.436 jobs per 1,000 workers, the demand is present, albeit at a lower intensity compared to more populous or finance-centric metropolitan areas. This indicates a stable, though perhaps less dynamic, job market for these professionals.
Salary Overview
The average Financial Managers in Bremerton-Silverdale-Port Orchard, WA earns-9.4%below the national average.
$80.4
$3,215
$13,932
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including the Bremerton-Silverdale-Port Orchard area, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations and reporting.
Financial Managers Salary Distribution in Bremerton-Silverdale-Port Orchard, WA
Salary progression for Financial Managers is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the pay scale, while senior roles, requiring extensive expertise and strategic oversight, can significantly exceed the average. The percentile gaps in salary distribution reflect this career trajectory, with experienced professionals occupying the higher percentiles, demonstrating substantial earning potential as they advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $89,870 | $43.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $125,385 | $60.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $152,930 | $73.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $208,975 | $100.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $250,770 | $120.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$167,180
Gross Pay
Real Wage (Purchasing Power)
$167,180
Adjusted for COL (100)
The average nominal salary of $167,180 in Bremerton-Silverdale-Port Orchard, WA, aligns precisely 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. While the salary is lower than the national average, the comparable cost of living suggests that the take-home pay offers a similar standard of living to that found elsewhere in the country.
Job Market Context
230
Total Jobs
2.436
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Bremerton-Silverdale-Port Orchard, WA has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient (LQ) of 0.46 for Financial Managers in Bremerton-Silverdale-Port Orchard, WA, indicates that this profession is less concentrated in this area compared to the national average. An LQ below 1.0 suggests that the job market is not as saturated with these specialists as it is nationwide. This could imply a potentially less competitive environment for job seekers, but also potentially fewer high-level or specialized opportunities compared to major financial hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Financial Managers Salary | $201,110↑ 20% | 18 mi |
| Olympia-Lacey-Tumwater, WA Financial Managers Salary | $151,070↓ 10% | 36 mi |
| Western Washington nonmetropolitan area Financial Managers Salary | $168,850↑ 1% | 58 mi |
| Eastern Washington nonmetropolitan area Financial Managers Salary | $157,350↓ 6% | 58 mi |
| Mount Vernon-Anacortes, WA Financial Managers Salary | $169,680↑ 1% | 63 mi |
Comparing salaries near Bremerton-Silverdale-Port Orchard, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Bremerton-Silverdale-Port Orchard, WA?
The median annual salary for a Financial Managers in Bremerton-Silverdale-Port Orchard, WA is $167,180. This typically ranges from $89,870 for entry-level positions to $250,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bremerton-Silverdale-Port Orchard, WA is 9.4% lower than the national median of $184,480.
Is Bremerton-Silverdale-Port Orchard, WA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.The average salary of $167,180 is below the national average, although the cost of living is also at the national average, making the purchasing power comparable.
Is Bremerton-Silverdale-Port Orchard, WA a good place to live for Financial Managers?
The Cost of Living Index in Bremerton-Silverdale-Port Orchard, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bremerton-Silverdale-Port Orchard, WA?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($201,110) and Olympia-Lacey-Tumwater, WA.
How does the Bremerton-Silverdale-Port Orchard salary compare to the national average?
The average annual salary for Financial Managers in Bremerton-Silverdale-Port Orchard, WA is $167,180, which is lower than the national average of $184,480.
What is the cost of living in Bremerton-Silverdale-Port Orchard, WA?
The cost of living index in Bremerton-Silverdale-Port Orchard, WA is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in this area?
The job market for Financial Managers is less concentrated in Bremerton-Silverdale-Port Orchard, WA, with a Location Quotient of 0.46, indicating fewer professionals in this role relative to the national average.
How many Financial Managers are there in the Bremerton-Silverdale-Port Orchard, WA area?
There are approximately 230 Financial Managers in the local workforce for Bremerton-Silverdale-Port Orchard, WA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Bremerton-Silverdale-Port Orchard, WA area with a job density of 2.436 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 Bremerton-Silverdale-Port Orchard, WA