SalaryNode

Average Financial Managers Salary in Charleston, WV

Financial Managers in Charleston, WV, can expect an average annual salary of $122,140. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in West Virginia influence compensation levels for this critical role.

Executive Summary

  • Average Salary: $122,140 per year.
  • Growth Trend: Salaries have shifted 18.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $172,990.
  • Outlook: With a total local workforce of 410 Financial Managers, Charleston, WV, presents a modest but stable employment landscape for these professionals. The Location Quotient of 0.72 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not oversaturated, offering a balanced environment for job seekers.
2024 Market Data

Salary Overview

$122,140

The average Financial Managers in Charleston, WV earns-33.8%below the national average.

BreakdownBased on 40h/week
Hourly

$58.7

Weekly

$2,349

Monthly

$10,178

Financial Managers Salary Distribution in Charleston, WV

The salary trajectory for Financial Managers in Charleston, WV, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and proven track records can command salaries well into the upper percentiles. These percentile gaps highlight the substantial career progression and earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$72,110$34.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$91,605$44
ManagerOversees team, compliance, and project delivery.50% (Median)$106,850$51.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$152,675$73.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$172,990$83.2

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$122,140

Gross Pay

Real Wage (Purchasing Power)

$122,140

Adjusted for COL (100)

The average annual salary of $122,140 in Charleston, WV, 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 Charleston is equivalent to that of a Financial Manager earning the national average in a location with a national average cost of living, offering a stable financial standing.

Job Market Context

410

Total Jobs

3.834

Per 1K Jobs

0.72

Location Quotient

Below Average

Charleston, WV has 0.72x 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 0.72 for Financial Managers in Charleston, WV, signifies that the concentration of these roles is 28% lower than the national average. This suggests that while the profession is present and valued, the job market may be less competitive than in major metropolitan hubs, potentially offering a more accessible entry point for qualified candidates.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Huntington-Ashland, WV-KY-OH Financial Managers Salary$117,040↓ 4%44 mi
Beckley, WV Financial Managers Salary$116,550↓ 5%46 mi
Parkersburg-Vienna, WV Financial Managers Salary$143,290↑ 17%63 mi

Comparing salaries near Charleston, WV

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Charleston, WV?

The median annual salary for a Financial Managers in Charleston, WV is $122,140. This typically ranges from $72,110 for entry-level positions to $172,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Charleston, WV is 33.8% lower than the national median of $184,480.

Is Charleston, WV a lucrative place for Financial Managers?

No, not compared to the national average.While the average salary of $122,140 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is stable locally.

Is Charleston, WV a good place to live for Financial Managers?

The Cost of Living Index in Charleston, WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Charleston, WV?

Some top paying nearby cities include Huntington-Ashland, WV-KY-OH ($117,040) and Beckley, WV.

What is the average salary for a Financial Manager in Charleston, WV?

The average annual salary for a Financial Manager in Charleston, WV, is $122,140.

How does the Charleston, WV salary compare to the national average?

The average salary in Charleston, WV, is $122,140, which is considerably lower than the national average of $184,480.

What is the concentration of Financial Managers in Charleston, WV?

Charleston, WV has a Location Quotient of 0.72 for Financial Managers, indicating a concentration that is 28% lower than the national average.

How does the cost of living in Charleston, WV affect salary perception?

With a Cost of Living Index of 100, Charleston, WV, matches the national average, meaning the $122,140 salary offers purchasing power equivalent to the national average in a typical U.S. location.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Charleston, WV area with a job density of 3.834 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 Charleston, WV