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Average Financial Managers Salary in Buffalo-Cheektowaga, NY

Financial Managers in Buffalo-Cheektowaga, NY, command an average annual salary of $179,460. This figure is slightly below the national average of $184,480, suggesting localized economic factors and industry demand play a role in compensation within this specific metropolitan area. While not reaching the national benchmark, this salary reflects the critical financial oversight and strategic planning responsibilities inherent in the role.

Executive Summary

  • Average Salary: $179,460 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $269,190.
  • Outlook: With a local workforce of 2,530 Financial Managers, Buffalo-Cheektowaga presents a moderately sized professional pool. The Location Quotient of 0.89 indicates a concentration of these roles that is just shy of the national average, suggesting a stable but not exceptionally specialized demand for financial expertise within the region. The presence of nearly 5 Financial Managers per 1,000 workers underscores a consistent need for these professionals.
2024 Market Data

Salary Overview

$179,460

The average Financial Managers in Buffalo-Cheektowaga, NY earns-2.7%below the national average.

BreakdownBased on 40h/week
Hourly

$86.3

Weekly

$3,451

Monthly

$14,955

Financial Managers Salary Distribution in Buffalo-Cheektowaga, NY

The career trajectory for Financial Managers in Buffalo-Cheektowaga typically involves significant salary progression. Entry-level positions may start at a lower percentile, but with accumulated experience, specialized skills, and demonstrated leadership, professionals can advance to senior roles commanding higher salaries. The increasing salary differentials across experience levels signify clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$95,500$45.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$134,595$64.7
ManagerOversees team, compliance, and project delivery.50% (Median)$162,660$78.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$224,325$107.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$269,190$129.4

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$179,460

Gross Pay

Real Wage (Purchasing Power)

$179,460

Adjusted for COL (100)

The average annual salary of $179,460 in Buffalo-Cheektowaga aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in this region is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living areas.

Job Market Context

2,530

Total Jobs

4.749

Per 1K Jobs

0.89

Location Quotient

Below Average

Buffalo-Cheektowaga, NY has 0.89x 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.

A Location Quotient of 0.89 for Financial Managers in Buffalo-Cheektowaga indicates that the concentration of these professionals is slightly lower than the national average. This suggests that while the market is not oversaturated, there is a healthy presence of these roles, offering a competitive yet accessible environment for both employers seeking talent and professionals seeking opportunities.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Rochester, NY Financial Managers Salary$175,950↓ 2%65 mi
Erie, PA Financial Managers Salary$123,650↓ 31%83 mi

Comparing salaries near Buffalo-Cheektowaga, NY

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Buffalo-Cheektowaga, NY?

The median annual salary for a Financial Managers in Buffalo-Cheektowaga, NY is $179,460. This typically ranges from $95,500 for entry-level positions to $269,190 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Buffalo-Cheektowaga, NY is 2.7% lower than the national median of $184,480.

Is Buffalo-Cheektowaga, NY a lucrative place for Financial Managers?

Yes, it offers competitive compensation.Financial Managers in Buffalo-Cheektowaga earn an average of $179,460, which aligns with the national average cost of living. While slightly below the national salary average, it provides strong earning potential within a stable economic environment.

Is Buffalo-Cheektowaga, NY a good place to live for Financial Managers?

The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Buffalo-Cheektowaga, NY?

Some top paying nearby cities include Rochester, NY ($175,950) and Erie, PA.

How does the Buffalo-Cheektowaga salary compare to the national average?

The average salary for Financial Managers in Buffalo-Cheektowaga is $179,460, which is slightly lower than the national average of $184,480.

What is the cost of living in Buffalo-Cheektowaga, NY?

The Cost of Living Index in Buffalo-Cheektowaga is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.

How concentrated are Financial Manager roles in Buffalo-Cheektowaga?

The Location Quotient of 0.89 suggests that Financial Manager roles are slightly less concentrated in Buffalo-Cheektowaga compared to the national average, indicating a balanced job market.

What is the total number of Financial Managers in Buffalo-Cheektowaga?

There are approximately 2,530 Financial Managers employed in the Buffalo-Cheektowaga area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,530 employees in the Buffalo-Cheektowaga, NY area with a job density of 4.749 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 Buffalo-Cheektowaga, NY