Average Financial Managers Salary in Coeur d'Alene, ID
Financial Managers in Coeur d'Alene, ID, can expect an average annual salary of $134,660. This figure is notably below the national average of $184,480, suggesting that local economic factors and industry demand play a significant role in compensation within this Idaho city. While the nominal salary is lower, understanding the local market dynamics is crucial for career and financial planning.
Executive Summary
- Average Salary: $134,660 per year.
- Growth Trend: Salaries have shifted 42.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,000.
- Outlook: The Coeur d'Alene, ID, market for Financial Managers, while not as concentrated as the national average (Location Quotient of 0.64), still supports a local workforce of 240 professionals. With 3.374 jobs per 1,000 workers, the demand indicates a stable, albeit specialized, employment landscape. This suggests that while opportunities may not be as abundant as in larger metropolitan areas, the existing workforce size points to a consistent need for financial expertise.
Salary Overview
The average Financial Managers in Coeur d'Alene, ID earns-27.0%below the national average.
$64.7
$2,590
$11,222
Financial Managers Salary Trends (2020-2024)
While specific historical data for Coeur d'Alene's Financial Manager salaries isn't provided, it's reasonable to assume a general upward trend mirroring national patterns over the past four years. Economic growth, inflation, and increasing demand for sophisticated financial oversight typically drive salary increases for specialized roles like Financial Managers, even in smaller markets.
Financial Managers Salary Distribution in Coeur d'Alene, ID
The salary range for Financial Managers in Coeur d'Alene, ID, typically widens significantly with experience. Entry-level positions might start closer to the lower end of the spectrum, while senior roles, those with extensive experience, and those in leadership positions command higher compensation. The percentile gaps in salary distribution underscore the substantial career progression and earning potential available as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,090 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,995 | $48.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,770 | $58.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,325 | $80.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,000 | $97.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$134,660
Gross Pay
Real Wage (Purchasing Power)
$134,660
Adjusted for COL (100)
The average annual salary of $134,660 for Financial Managers in Coeur d'Alene, ID, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, making the nominal salary figure a realistic representation of living expenses without significant adjustment.
Job Market Context
240
Total Jobs
3.374
Per 1K Jobs
0.64
Location Quotient
Coeur d'Alene, ID 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.
With a Location Quotient of 0.64, Coeur d'Alene, ID, has a lower concentration of Financial Managers compared to the national average. This suggests that the job market is less saturated, potentially offering a competitive edge for skilled professionals seeking employment. However, it also implies that the demand might be more niche, and the total number of available positions may be limited compared to more concentrated areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Spokane-Spokane Valley, WA Financial Managers Salary | $171,730↑ 28% | 30 mi |
| Lewiston, ID-WA Financial Managers Salary | $128,750↓ 4% | 91 mi |
Comparing salaries near Coeur d'Alene, ID
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Coeur d'Alene, ID?
The median annual salary for a Financial Managers in Coeur d'Alene, ID is $134,660. This typically ranges from $78,090 for entry-level positions to $202,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Coeur d'Alene, ID is 27.0% lower than the national median of $184,480.
Is Coeur d'Alene, ID a lucrative place for Financial Managers?
No, not compared to the national average.While Financial Managers in Coeur d'Alene earn a substantial $134,660 annually, this is significantly less than the national average of $184,480. However, the cost of living is at the national average, meaning the salary's purchasing power is equivalent.
Is Coeur d'Alene, ID a good place to live for Financial Managers?
The Cost of Living Index in Coeur d'Alene, ID is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Coeur d'Alene, ID?
Some top paying nearby cities include Spokane-Spokane Valley, WA ($171,730) and Lewiston, ID-WA.
How does Coeur d'Alene's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Coeur d'Alene, ID, is $134,660, which is considerably lower than the national average of $184,480.
What is the Cost of Living in Coeur d'Alene, ID?
The Cost of Living Index in Coeur d'Alene, ID, is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How many Financial Managers work in Coeur d'Alene, ID?
There are approximately 240 Financial Managers employed in Coeur d'Alene, ID, representing 3.374 jobs per 1,000 workers in the local economy.
Is the market for Financial Managers in Coeur d'Alene, ID, concentrated?
No, the market is less concentrated than the national average, with a Location Quotient of 0.64, suggesting fewer Financial Managers relative to the overall workforce compared to the national benchmark.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Coeur d'Alene, ID area with a job density of 3.374 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 Coeur d'Alene, ID