Average Financial Managers Salary in Charlottesville, VA
Financial Managers in Charlottesville, VA, command an impressive average annual salary of $177,360. This figure is slightly below the national average of $184,480, suggesting a localized market dynamic that influences compensation. Factors such as the specific industry mix and demand within the Charlottesville region contribute to this pay scale.
Executive Summary
- Average Salary: $177,360 per year.
- Growth Trend: Salaries have shifted 26.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $266,040.
- Outlook: Charlottesville, VA, supports a local workforce of 520 Financial Managers. With a Location Quotient of 0.87, the concentration of these roles is slightly below the national average, indicating a stable but not overly saturated market. The presence of 4.644 jobs per 1,000 workers suggests consistent demand for financial expertise within the area.
Salary Overview
The average Financial Managers in Charlottesville, VA earns-3.9%below the national average.
$85.3
$3,411
$14,780
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Charlottesville, VA, have experienced growth over the past four years, mirroring national trends. Economic expansion, increased demand for financial oversight, and inflation typically drive upward salary adjustments in specialized fields like financial management.
Financial Managers Salary Distribution in Charlottesville, VA
The salary trajectory for Financial Managers in Charlottesville, VA, escalates significantly with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the upper percentiles. These percentile gaps highlight the substantial career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $97,920 | $47.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $133,020 | $64 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $159,700 | $76.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $221,700 | $106.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $266,040 | $127.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$177,360
Gross Pay
Real Wage (Purchasing Power)
$177,360
Adjusted for COL (100)
A nominal salary of $177,360 in Charlottesville, VA, offers strong purchasing power, as the local Cost of Living Index is precisely at the national average of 100. This means that your earnings will likely cover essential expenses and discretionary spending at a rate comparable to the rest of the country, making relocation financially sound.
Job Market Context
520
Total Jobs
4.644
Per 1K Jobs
0.87
Location Quotient
Charlottesville, VA has 0.87x 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.
The Location Quotient of 0.87 for Financial Managers in Charlottesville, VA, indicates that the profession is slightly less concentrated than the national average. This suggests a competitive job market where skilled professionals are valued, but there isn't an oversupply of candidates, potentially leading to favorable negotiation opportunities for experienced individuals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Financial Managers Salary | $129,530↓ 27% | 25 mi |
| Northern West Virginia nonmetropolitan area Financial Managers Salary | $101,900↓ 43% | 25 mi |
| Southwest Virginia nonmetropolitan area Financial Managers Salary | $140,310↓ 21% | 25 mi |
| Northwest Virginia nonmetropolitan area Financial Managers Salary | $140,010↓ 21% | 25 mi |
| Southern West Virginia nonmetropolitan area Financial Managers Salary | $108,190↓ 39% | 25 mi |
Comparing salaries near Charlottesville, VA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Charlottesville, VA?
The median annual salary for a Financial Managers in Charlottesville, VA is $177,360. This typically ranges from $97,920 for entry-level positions to $266,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlottesville, VA is 3.9% lower than the national median of $184,480.
Is Charlottesville, VA a lucrative place for Financial Managers?
Yes, it offers a competitive salary.Financial Managers in Charlottesville, VA, earn an average of $177,360 annually, which is substantial given the national average cost of living. The stable job market further supports its lucrativeness.
Is Charlottesville, VA a good place to live for Financial Managers?
The Cost of Living Index in Charlottesville, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlottesville, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($129,530) and Northern West Virginia nonmetropolitan area.
How does the Charlottesville Financial Manager salary compare to the national average?
The average salary for Financial Managers in Charlottesville, VA, is $177,360, which is slightly lower than the national average of $184,480.
What is the job concentration of Financial Managers in Charlottesville, VA?
The job concentration, measured by the Location Quotient, is 0.87, indicating a slightly lower presence of Financial Managers compared to the national average.
How does the cost of living in Charlottesville, VA affect salary perception?
With a Cost of Living Index of 100, Charlottesville's cost of living is on par with the national average, meaning the $177,360 salary offers standard purchasing power.
What is the total number of Financial Managers in Charlottesville, VA?
There are approximately 520 Financial Managers employed in the Charlottesville, VA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Charlottesville, VA area with a job density of 4.644 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 Charlottesville, VA
- All Occupations Salary in Charlottesville, VA
- Educational Instruction and Library Occupations Salary in Charlottesville, VA
- Food Preparation and Serving Related Occupations Salary in Charlottesville, VA
- Office and Administrative Support Occupations Salary in Charlottesville, VA
- Sales and Related Occupations Salary in Charlottesville, VA
- Healthcare Practitioners and Technical Occupations Salary in Charlottesville, VA
- Business and Financial Operations Occupations Salary in Charlottesville, VA
- Transportation and Material Moving Occupations Salary in Charlottesville, VA
- Healthcare Support Occupations Salary in Charlottesville, VA
- Construction and Extraction Occupations Salary in Charlottesville, VA
- Browse All Jobs in Charlottesville, VA →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Charlottesville, VA