Average Financial Managers Salary in Cape Coral-Fort Myers, FL
Financial Managers in the Cape Coral-Fort Myers, FL area earn an average annual salary of $170,560. This figure is notably below the national average of $184,480, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this region. Understanding these local factors is crucial for financial professionals operating in or considering this metropolitan area.
Executive Summary
- Average Salary: $170,560 per year.
- Growth Trend: Salaries have shifted 49.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $255,840.
- Outlook: With a local workforce of 1,000 Financial Managers and a Location Quotient of 0.62, the job market in Cape Coral-Fort Myers indicates a slightly lower concentration of these roles compared to the national average. While the total workforce size suggests a stable presence, the below-average LQ points to a potentially less saturated, though perhaps less specialized, market for financial management professionals.
Salary Overview
The average Financial Managers in Cape Coral-Fort Myers, FL earns-7.5%below the national average.
$82
$3,280
$14,213
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the financial management sector, like most professional fields, has experienced steady salary growth over the past four years. Economic expansion and evolving industry demands typically drive compensation increases, reflecting a positive trend for experienced professionals in this field.
Financial Managers Salary Distribution in Cape Coral-Fort Myers, FL
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while senior roles, with extensive experience and specialized skills, command salaries at the higher percentiles. The gap between these percentiles represents a clear career trajectory and the increasing value placed on seasoned financial expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,250 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $127,920 | $61.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $150,700 | $72.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $213,200 | $102.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $255,840 | $123 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$170,560
Gross Pay
Real Wage (Purchasing Power)
$170,560
Adjusted for COL (100)
The average annual salary of $170,560 in Cape Coral-Fort Myers 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 standing relative to the cost of essential goods and services.
Job Market Context
1,000
Total Jobs
3.315
Per 1K Jobs
0.62
Location Quotient
Cape Coral-Fort Myers, FL has 0.62x 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 0.62 signifies that Financial Managers are less concentrated in the Cape Coral-Fort Myers area than the national average. This suggests that while opportunities exist, the market may not be as robust or specialized as in larger metropolitan hubs, potentially leading to less competition but also fewer high-demand, niche roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Punta Gorda, FL Financial Managers Salary | $150,260↓ 12% | 18 mi |
| North Port-Bradenton-Sarasota, FL Financial Managers Salary | $160,290↓ 6% | 31 mi |
| Naples-Marco Island, FL Financial Managers Salary | $189,890↑ 11% | 36 mi |
| Sebring, FL Financial Managers Salary | $128,080↓ 25% | 67 mi |
| North Florida nonmetropolitan area Financial Managers Salary | $123,560↓ 28% | 80 mi |
Comparing salaries near Cape Coral-Fort Myers, FL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Cape Coral-Fort Myers, FL?
The median annual salary for a Financial Managers in Cape Coral-Fort Myers, FL is $170,560. This typically ranges from $77,250 for entry-level positions to $255,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cape Coral-Fort Myers, FL is 7.5% lower than the national median of $184,480.
Is Cape Coral-Fort Myers, FL a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.The average salary of $170,560 is below the national average of $184,480, indicating less lucrative compensation. However, the cost of living is also at the national average, making the salary's purchasing power comparable nationally.
Is Cape Coral-Fort Myers, FL a good place to live for Financial Managers?
The Cost of Living Index in Cape Coral-Fort Myers, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cape Coral-Fort Myers, FL?
Some top paying nearby cities include Punta Gorda, FL ($150,260) and North Port-Bradenton-Sarasota, FL.
How does the local workforce size affect Financial Manager salaries in Cape Coral-Fort Myers?
A local workforce of 1,000 Financial Managers suggests a moderate presence. While not a massive concentration, it indicates a consistent demand for these roles within the region's economy.
What does a Location Quotient of 0.62 mean for Financial Managers?
A Location Quotient below 1.0, like 0.62, means Financial Managers are less prevalent in Cape Coral-Fort Myers compared to the national average. This could imply fewer job openings but potentially less competition for available positions.
Is the cost of living a significant factor for Financial Managers in Cape Coral-Fort Myers?
With a Cost of Living Index of 100, the cost of living is exactly at the national average. This means a Financial Manager's salary in this area provides purchasing power equivalent to the national standard.
What is the job density for Financial Managers in Cape Coral-Fort Myers?
There are approximately 3.315 Financial Manager jobs per 1,000 workers in the Cape Coral-Fort Myers area, reflecting the specific demand for these financial professionals within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,000 employees in the Cape Coral-Fort Myers, FL area with a job density of 3.315 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Cape Coral-Fort Myers, FL
- All Occupations Salary in Cape Coral-Fort Myers, FL
- Office and Administrative Support Occupations Salary in Cape Coral-Fort Myers, FL
- Food Preparation and Serving Related Occupations Salary in Cape Coral-Fort Myers, FL
- Sales and Related Occupations Salary in Cape Coral-Fort Myers, FL
- Construction and Extraction Occupations Salary in Cape Coral-Fort Myers, FL
- Transportation and Material Moving Occupations Salary in Cape Coral-Fort Myers, FL
- Healthcare Practitioners and Technical Occupations Salary in Cape Coral-Fort Myers, FL
- Management Occupations Salary in Cape Coral-Fort Myers, FL
- Business and Financial Operations Occupations Salary in Cape Coral-Fort Myers, FL
- Installation, Maintenance, and Repair Occupations Salary in Cape Coral-Fort Myers, FL
- Browse All Jobs in Cape Coral-Fort Myers, FL →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Cape Coral-Fort Myers, FL