Average Financial Managers Salary in Burlington-South Burlington, VT
Financial Managers in Burlington-South Burlington, VT, command an average annual salary of $154,580. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a slightly lower demand influence compensation in this Vermont locale. While the nominal salary is lower, understanding the cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $154,580 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $218,590.
- Outlook: The Burlington-South Burlington area supports a local workforce of 630 Financial Managers, with a jobs-per-1,000-workers ratio of 5.211. The Location Quotient of 0.98 indicates that the concentration of these roles is nearly on par with the national average, suggesting a stable, albeit not exceptionally concentrated, job market for financial management professionals in this region.
Salary Overview
The average Financial Managers in Burlington-South Burlington, VT earns-16.2%below the national average.
$74.3
$2,973
$12,882
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Burlington-South Burlington have seen consistent growth over the past four years, mirroring national trends. Economic expansion and the increasing complexity of financial operations typically drive upward pressure on compensation for experienced professionals in this field.
Financial Managers Salary Distribution in Burlington-South Burlington, VT
Salary progression for Financial Managers in Burlington-South Burlington, VT, is significantly influenced by experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while senior roles, those with extensive experience, and specialized expertise in areas like corporate finance or investment management can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory and reward for advancing within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $86,180 | $41.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $115,935 | $55.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $136,560 | $65.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $193,225 | $92.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $218,590 | $105.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$154,580
Gross Pay
Real Wage (Purchasing Power)
$154,580
Adjusted for COL (100)
The average annual salary of $154,580 for Financial Managers in Burlington-South Burlington, VT, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the salary is equivalent to the national average, indicating that while the nominal pay may be lower than the national average, the cost of goods and services locally does not diminish its real value.
Job Market Context
630
Total Jobs
5.211
Per 1K Jobs
0.98
Location Quotient
Burlington-South Burlington, VT has 0.98x 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 0.98, the Burlington-South Burlington market for Financial Managers is very close to the national average in terms of concentration. This suggests a balanced job market where demand and supply are relatively stable. While not a hyper-concentrated hub, the presence of nearly an equivalent share of Financial Managers compared to the rest of the country indicates consistent opportunities and a healthy professional community.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northern Vermont nonmetropolitan area Financial Managers Salary | $144,750↓ 6% | 40 mi |
| Southern Vermont nonmetropolitan area Financial Managers Salary | $130,870↓ 15% | 40 mi |
| Glens Falls, NY Financial Managers Salary | $165,520↑ 7% | 84 mi |
Comparing salaries near Burlington-South Burlington, VT
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Burlington-South Burlington, VT?
The median annual salary for a Financial Managers in Burlington-South Burlington, VT is $154,580. This typically ranges from $86,180 for entry-level positions to $218,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Burlington-South Burlington, VT is 16.2% lower than the national median of $184,480.
Is Burlington-South Burlington, VT a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $154,580 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is maintained.
Is Burlington-South Burlington, VT a good place to live for Financial Managers?
The Cost of Living Index in Burlington-South Burlington, VT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Burlington-South Burlington, VT?
Some top paying nearby cities include Northern Vermont nonmetropolitan area ($144,750) and Southern Vermont nonmetropolitan area.
How does the cost of living in Burlington-South Burlington affect Financial Manager salaries?
The Cost of Living Index in Burlington-South Burlington is 100, which is the national average. This means that the average salary of $154,580 has the same purchasing power as it would nationally, despite being lower than the national average salary for the role.
What is the concentration of Financial Managers in Burlington-South Burlington compared to the rest of the US?
The Location Quotient of 0.98 indicates that the concentration of Financial Managers in Burlington-South Burlington is nearly identical to the national average, suggesting a stable and representative job market for the profession.
How many Financial Managers are there in the Burlington-South Burlington workforce?
There are approximately 630 Financial Managers employed within the Burlington-South Burlington local workforce, representing about 5.211 jobs per 1,000 workers.
Does experience significantly impact a Financial Manager's salary in this area?
Yes, experience is a primary driver of salary for Financial Managers. Entry-level roles will earn less, while senior positions with specialized skills and extensive experience can command significantly higher compensation, reflecting career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Burlington-South Burlington, VT area with a job density of 5.211 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 Burlington-South Burlington, VT