Average Financial Managers Salary in Central Pennsylvania nonmetropolitan area
Financial Managers in Central Pennsylvania's nonmetropolitan areas earn an average annual salary of $130,150. This figure is notably lower than the national average of $184,480, reflecting the distinct economic landscape and demand drivers present in this region compared to larger metropolitan hubs.
Executive Summary
- Average Salary: $130,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,810.
- Outlook: With a local workforce of 640 Financial Managers and a Location Quotient of 0.64, the job market in Central Pennsylvania's nonmetropolitan areas indicates a moderate concentration of these professionals. While not as dense as national averages, this suggests a stable, albeit less saturated, demand for financial expertise within the local economy.
Salary Overview
The average Financial Managers in Central Pennsylvania nonmetropolitan area earns-29.5%below the national average.
$62.6
$2,503
$10,846
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan segment isn't provided, it's reasonable to assume that salaries for Financial Managers in Central Pennsylvania have experienced growth over the past four years, mirroring broader economic trends and increasing demand for sophisticated financial oversight across industries.
Financial Managers Salary Distribution in Central Pennsylvania nonmetropolitan area
Salary progression for Financial Managers in Central Pennsylvania's nonmetropolitan areas typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting increased responsibility and proven value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,860 | $36 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,613 | $46.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,470 | $56.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $162,688 | $78.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $198,810 | $95.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,150
Gross Pay
Real Wage (Purchasing Power)
$130,150
Adjusted for COL (100)
The average annual salary of $130,150 in Central Pennsylvania's nonmetropolitan areas aligns perfectly with the national Cost of Living Index of 100. This means that, on average, the purchasing power of a Financial Manager's salary in this region is equivalent to the national average, offering a stable financial standing relative to the cost of essential goods and services.
Job Market Context
640
Total Jobs
3.417
Per 1K Jobs
0.64
Location Quotient
Central Pennsylvania nonmetropolitan area has 0.64x 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 0.64 signifies that Financial Managers are less concentrated in Central Pennsylvania's nonmetropolitan areas compared to the national average. This suggests that while the demand exists, the supply of these professionals is relatively lower, potentially offering good opportunities for those seeking employment in the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Financial Managers Salary | $122,940↓ 6% | 9 mi |
| State College, PA Financial Managers Salary | $161,030↑ 24% | 45 mi |
| Elmira, NY Financial Managers Salary | $157,610↑ 21% | 65 mi |
| Harrisburg-Carlisle, PA Financial Managers Salary | $148,160↑ 14% | 66 mi |
| Lebanon, PA Financial Managers Salary | $136,820↑ 5% | 72 mi |
Comparing salaries near Central Pennsylvania nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Central Pennsylvania nonmetropolitan area?
The median annual salary for a Financial Managers in Central Pennsylvania nonmetropolitan area is $130,150. This typically ranges from $74,860 for entry-level positions to $198,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Pennsylvania nonmetropolitan area is 29.5% lower than the national median of $184,480.
Is Central Pennsylvania nonmetropolitan area a lucrative place for Financial Managers?
Yes, with caveats.The average salary of $130,150 is substantial, and with a Cost of Living Index of 100, its purchasing power is equivalent to the national average. However, it is below the national average salary for the role.
Is Central Pennsylvania nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Central Pennsylvania nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Pennsylvania nonmetropolitan area?
Some top paying nearby cities include Williamsport, PA ($122,940) and State College, PA.
How does the local workforce size affect job prospects?
A local workforce of 640 Financial Managers suggests a defined market. While not a massive pool, it indicates established roles and potential for growth within existing organizations.
What does a Location Quotient of 0.64 mean for Financial Managers?
A Location Quotient below 1.0, like 0.64, indicates that Financial Managers are less prevalent in this nonmetropolitan area compared to the national average, suggesting potentially less competition for available positions.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $130,150 salary offers purchasing power equivalent to the national average, making it a stable financial proposition in the region.
Are there many Financial Manager jobs per 1,000 workers in this area?
With 3.417 jobs per 1,000 workers, the density of Financial Manager roles is present, indicating a consistent need for these financial professionals within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 640 employees in the Central Pennsylvania nonmetropolitan area area with a job density of 3.417 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 Pennsylvania nonmetropolitan area