Average Financial Managers Salary in Colorado Springs, CO
Financial Managers in Colorado Springs, CO, command an impressive average annual salary of $185,300, slightly surpassing the national average of $184,480. This competitive compensation reflects the specialized skills and strategic financial oversight required for these critical roles within the local economic landscape.
Executive Summary
- Average Salary: $185,300 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $277,950.
- Outlook: With a local workforce of 760 Financial Managers, Colorado Springs presents a moderately concentrated market. The Location Quotient of 0.45 indicates a lower concentration compared to the national average, suggesting that while the profession is established, there may be opportunities for growth and demand for skilled professionals to fill specialized roles.
Salary Overview
The average Financial Managers in Colorado Springs, CO earns+0.4%above the national average.
$89.1
$3,563
$15,442
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for skilled Financial Managers has seen consistent growth over the past four years, mirroring national trends. This sustained demand typically translates into upward pressure on salaries, indicating a positive trajectory for compensation in this field within Colorado Springs.
Financial Managers Salary Distribution in Colorado Springs, CO
The career path for Financial Managers typically involves significant salary progression. Entry-level positions often start at lower percentiles, while seasoned professionals with extensive experience and proven track records can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $108,990 | $52.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $138,975 | $66.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $168,820 | $81.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $231,625 | $111.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $277,950 | $133.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$185,300
Gross Pay
Real Wage (Purchasing Power)
$185,300
Adjusted for COL (100)
The average annual salary of $185,300 in Colorado Springs 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 this city is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
760
Total Jobs
2.374
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Colorado Springs, CO has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.45 for Financial Managers in Colorado Springs suggests that the profession is less concentrated locally than the national average. This indicates a potentially less saturated job market, which could translate into greater opportunities for qualified candidates and potentially higher demand relative to the available workforce.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Financial Managers Salary | $166,900↓ 10% | 32 mi |
| Southwest Colorado nonmetropolitan area Financial Managers Salary | $156,300↓ 16% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Financial Managers Salary | $149,860↓ 19% | 32 mi |
| Pueblo, CO Financial Managers Salary | $159,130↓ 14% | 42 mi |
| Denver-Aurora-Centennial, CO Financial Managers Salary | $203,790↑ 10% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Colorado Springs, CO?
The median annual salary for a Financial Managers in Colorado Springs, CO is $185,300. This typically ranges from $108,990 for entry-level positions to $277,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 0.4% higher than the national median of $184,480.
Is Colorado Springs, CO a lucrative place for Financial Managers?
Yes, Colorado Springs offers a lucrative environment for Financial Managers.The average salary of $185,300 is slightly above the national average, and the cost of living is on par with the national average, making it a financially advantageous location.
Is Colorado Springs, CO a good place to live for Financial Managers?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($166,900) and Southwest Colorado nonmetropolitan area.
How does the Colorado Springs Financial Manager salary compare to the national average?
The average salary for Financial Managers in Colorado Springs is $185,300, which is slightly higher than the national average of $184,480.
What is the concentration of Financial Managers in Colorado Springs compared to the nation?
Colorado Springs has a lower concentration of Financial Managers, with a Location Quotient of 0.45, meaning the profession is less common locally than the national average.
How does the cost of living in Colorado Springs affect a Financial Manager's salary?
The cost of living in Colorado Springs is exactly at the national average (100), meaning the $185,300 salary has the same purchasing power as the national average salary.
What does the number of Financial Managers per 1,000 workers indicate?
With 2.374 Financial Managers per 1,000 workers, this metric provides a localized view of job density, suggesting a moderate presence of these roles within the overall workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Colorado Springs, CO area with a job density of 2.374 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 Colorado Springs, CO