Average Financial Managers Salary in Cincinnati, OH-KY-IN
Financial Managers in the Cincinnati, OH-KY-IN metropolitan area earn an average annual salary of $160,960. This figure is notably below the national average of $184,480, suggesting a localized compensation structure influenced by regional economic factors and industry demand. While below the national benchmark, this salary reflects the specific market dynamics within the tri-state area.
Executive Summary
- Average Salary: $160,960 per year.
- Growth Trend: Salaries have shifted 14.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $241,440.
- Outlook: The Cincinnati, OH-KY-IN region supports a substantial workforce of 6,110 Financial Managers. With a Location Quotient of 1.05, the concentration of these professionals is slightly above the national average, indicating a stable and perhaps growing demand for financial expertise within the local economy. The presence of nearly 5.6 jobs per 1,000 workers further underscores the robust employment landscape for this role.
Salary Overview
The average Financial Managers in Cincinnati, OH-KY-IN earns-12.7%below the national average.
$77.4
$3,095
$13,413
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Cincinnati have experienced a steady upward trend over the past four years, mirroring national patterns of salary growth driven by inflation, increased demand for financial acumen, and evolving industry responsibilities. This general growth trajectory likely contributes to the current average salary, even with its comparison to the national figure.
Financial Managers Salary Distribution in Cincinnati, OH-KY-IN
Salary progression for Financial Managers in Cincinnati, OH-KY-IN is significantly influenced by experience. Entry-level positions typically command salaries at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can expect to earn at the higher end of the spectrum, potentially exceeding $200,000. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,560 | $38.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,720 | $58 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,750 | $67.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $201,200 | $96.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $241,440 | $116.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,960
Gross Pay
Real Wage (Purchasing Power)
$160,960
Adjusted for COL (100)
The average annual salary of $160,960 for Financial Managers in Cincinnati 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 Cincinnati is equivalent to that of a Financial Manager earning the national average in a location with a national average cost of living. Therefore, the nominal salary translates directly to real economic value without significant adjustment for local expenses.
Job Market Context
6,110
Total Jobs
5.595
Per 1K Jobs
1.05
Location Quotient
With a location quotient of 1.05, Cincinnati, OH-KY-IN has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
With a Location Quotient of 1.05, the Cincinnati, OH-KY-IN market exhibits a slightly higher concentration of Financial Managers compared to the national average. This suggests a healthy, competitive job market where demand is robust enough to support a slightly denser professional population. While not a significantly concentrated market, the presence of more Financial Managers than the national average indicates a strong and established presence of financial management roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Dayton-Kettering-Beavercreek, OH Financial Managers Salary | $143,230↓ 11% | 50 mi |
| Springfield, OH Financial Managers Salary | $121,810↓ 24% | 69 mi |
| Lexington-Fayette, KY Financial Managers Salary | $146,680↓ 9% | 73 mi |
| Columbus, IN Financial Managers Salary | $150,120↓ 7% | 76 mi |
| Muncie, IN Financial Managers Salary | $129,390↓ 20% | 89 mi |
Comparing salaries near Cincinnati, OH-KY-IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Cincinnati, OH-KY-IN?
The median annual salary for a Financial Managers in Cincinnati, OH-KY-IN is $160,960. This typically ranges from $80,560 for entry-level positions to $241,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cincinnati, OH-KY-IN is 12.7% lower than the national median of $184,480.
Is Cincinnati, OH-KY-IN a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $160,960 is below the national average, the cost of living is also at the national average, maintaining purchasing power. The slightly above-average concentration of roles indicates a stable market.
Is Cincinnati, OH-KY-IN a good place to live for Financial Managers?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cincinnati, OH-KY-IN?
Some top paying nearby cities include Dayton-Kettering-Beavercreek, OH ($143,230) and Springfield, OH.
How does the Cincinnati salary compare to the national average?
The average salary for Financial Managers in Cincinnati, OH-KY-IN is $160,960, which is $23,520 less than the national average of $184,480.
What is the Cost of Living in Cincinnati, OH-KY-IN?
The Cost of Living Index in Cincinnati, OH-KY-IN is 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the national benchmark.
How concentrated is the Financial Manager job market in Cincinnati?
Cincinnati has a Location Quotient of 1.05 for Financial Managers, indicating a slightly higher concentration of these professionals compared to the national average.
What is the total number of Financial Managers in Cincinnati?
There are approximately 6,110 Financial Managers employed in the Cincinnati, OH-KY-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,110 employees in the Cincinnati, OH-KY-IN area with a job density of 5.595 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 Cincinnati, OH-KY-IN