Average Financial Managers Salary in Central East New York nonmetropolitan area
Financial Managers in the Central East New York nonmetropolitan area earn an average annual salary of $157,050. This figure is notably below the national average of $184,480, suggesting that regional economic factors and demand dynamics play a significant role in compensation within this specific locale.
Executive Summary
- Average Salary: $157,050 per year.
- Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,575.
- Outlook: The local job market for Financial Managers in Central East New York nonmetropolitan area, with a total workforce of 480, indicates a moderate presence. The Location Quotient of 0.57 suggests that this profession is less concentrated here compared to the national average, implying a potentially stable but not overly saturated demand for these specialized roles.
Salary Overview
The average Financial Managers in Central East New York nonmetropolitan area earns-14.9%below the national average.
$75.5
$3,020
$13,088
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across most regions, including nonmetropolitan areas, have experienced steady growth over the past four years, driven by inflation, increasing complexity of financial operations, and a persistent need for skilled professionals.
Financial Managers Salary Distribution in Central East New York nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions may start at the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the upper percentiles, reflecting a substantial career growth trajectory and increased value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $75,330 | $36.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,788 | $56.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $132,750 | $63.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,313 | $94.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,575 | $113.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,050
Gross Pay
Real Wage (Purchasing Power)
$157,050
Adjusted for COL (100)
With an average annual salary of $157,050 and a Cost of Living Index at the national average of 100, Financial Managers in Central East New York nonmetropolitan area can expect their nominal earnings to align closely with national spending benchmarks. This means purchasing power is likely on par with the average U.S. resident, offering a stable financial standing.
Job Market Context
480
Total Jobs
3.034
Per 1K Jobs
0.57
Location Quotient
Central East New York nonmetropolitan area has 0.57x 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 0.57 signifies that Financial Managers are less prevalent in the Central East New York nonmetropolitan area than the national average. This lower concentration suggests that while opportunities exist, the market may be less competitive, potentially offering a more accessible entry point for qualified professionals compared to highly concentrated metropolitan hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Financial Managers Salary | $168,700↑ 7% | 49 mi |
| Kingston, NY Financial Managers Salary | $177,200↑ 13% | 51 mi |
| Scranton--Wilkes-Barre, PA Financial Managers Salary | $136,520↓ 13% | 64 mi |
| Utica-Rome, NY Financial Managers Salary | $162,270↑ 3% | 66 mi |
| Albany-Schenectady-Troy, NY Financial Managers Salary | $167,180↑ 6% | 68 mi |
Comparing salaries near Central East New York nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Central East New York nonmetropolitan area?
The median annual salary for a Financial Managers in Central East New York nonmetropolitan area is $157,050. This typically ranges from $75,330 for entry-level positions to $235,575 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central East New York nonmetropolitan area is 14.9% lower than the national median of $184,480.
Is Central East New York nonmetropolitan area a lucrative place for Financial Managers?
No, it is less lucrative than the national average.The average salary of $157,050 is below the national average of $184,480, indicating lower earning potential in this region. However, the cost of living is at the national average, making the effective purchasing power comparable.
Is Central East New York nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Central East New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central East New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($168,700) and Kingston, NY.
How does the local workforce size affect Financial Manager jobs?
A local workforce of 480 Financial Managers suggests a niche market. While not a large pool, it indicates a consistent demand for these specialized roles within the region's economic structure.
What does a Location Quotient of 0.57 mean for job seekers?
A Location Quotient below 1.0, like 0.57, means Financial Managers are less concentrated here than nationally. This could translate to fewer job openings but potentially less competition for available positions.
How does the Cost of Living in Central East NY compare nationally?
The Cost of Living Index is 100, which is exactly the national average. This means that the expenses for housing, goods, and services in this area are typical for the United States.
What is the job density for Financial Managers in this area?
There are approximately 3.034 Financial Manager jobs per 1,000 workers in the Central East New York nonmetropolitan area, reflecting the specific employment landscape for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Central East New York nonmetropolitan area area with a job density of 3.034 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 Central East New York nonmetropolitan area