Average Financial Managers Salary in Columbus, OH
Financial Managers in Columbus, OH, command an average annual salary of $157,480. This figure is notably below the national average of $184,480, suggesting that while Columbus offers a stable market, compensation may be influenced by regional economic factors and industry demand specific to Ohio. The local economic landscape and the concentration of financial services firms play a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $157,480 per year.
- Growth Trend: Salaries have shifted 10.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,220.
- Outlook: With a local workforce of 5,840 Financial Managers, Columbus, OH, presents a substantial employment base for this profession. The Location Quotient of 1.01 indicates that the concentration of Financial Managers in Columbus is virtually on par with the national average, suggesting a stable and consistent demand for these roles within the region's economic structure.
Salary Overview
The average Financial Managers in Columbus, OH earns-14.6%below the national average.
$75.7
$3,028
$13,123
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Columbus, OH, have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving financial regulations, and the increasing complexity of corporate finance likely contribute to upward pressure on compensation, reflecting a maturing job market.
Financial Managers Salary Distribution in Columbus, OH
The salary range for Financial Managers in Columbus, OH, significantly expands with experience. Entry-level positions typically start at a lower percentile, while senior-level roles, characterized by greater responsibility and strategic oversight, command salaries in the higher percentiles. This progression highlights the career trajectory and the financial rewards associated with accumulating expertise and leadership in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,950 | $38.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,110 | $56.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $136,840 | $65.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,850 | $94.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $236,220 | $113.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,480
Gross Pay
Real Wage (Purchasing Power)
$157,480
Adjusted for COL (100)
The nominal average salary of $157,480 in Columbus, OH, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Columbus is equivalent to the national average, offering a stable financial environment for professionals considering a move to the area.
Job Market Context
5,840
Total Jobs
5.386
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Columbus, OH has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A Location Quotient of 1.01 for Financial Managers in Columbus, OH, signifies a job market that is closely aligned with the national distribution of this profession. This indicates neither an oversupply nor a significant undersupply of talent, suggesting a competitive yet accessible market for both employers seeking skilled professionals and individuals looking for career opportunities.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| North Northeastern Ohio nonmetropolitan area (noncontiguous) Financial Managers Salary | $130,310↓ 17% | 32 mi |
| West Northwestern Ohio nonmetropolitan area Financial Managers Salary | $125,510↓ 20% | 32 mi |
| Eastern Ohio nonmetropolitan area Financial Managers Salary | $120,690↓ 23% | 32 mi |
| Southern Ohio nonmetropolitan area Financial Managers Salary | $117,880↓ 25% | 32 mi |
| Springfield, OH Financial Managers Salary | $121,810↓ 23% | 42 mi |
Comparing salaries near Columbus, OH
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Columbus, OH?
The median annual salary for a Financial Managers in Columbus, OH is $157,480. This typically ranges from $80,950 for entry-level positions to $236,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Columbus, OH is 14.6% lower than the national median of $184,480.
Is Columbus, OH a lucrative place for Financial Managers?
Yes, Columbus, OH offers a stable and average-paying environment for Financial Managers.While the average salary of $157,480 is below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The stable job market concentration suggests consistent opportunities.
Is Columbus, OH a good place to live for Financial Managers?
The Cost of Living Index in Columbus, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Columbus, OH?
Some top paying nearby cities include North Northeastern Ohio nonmetropolitan area (noncontiguous) ($130,310) and West Northwestern Ohio nonmetropolitan area.
How does Columbus, OH compare to the national average salary for Financial Managers?
The average salary for Financial Managers in Columbus, OH, is $157,480, which is lower than the national average of $184,480.
What is the concentration of Financial Managers in Columbus, OH?
Columbus, OH has a Location Quotient of 1.01 for Financial Managers, indicating a concentration that is very close to the national average.
How does the cost of living in Columbus, OH affect salary perception?
With a Cost of Living Index of 100, Columbus matches the national average, meaning the $157,480 salary has the same purchasing power as the national average salary.
What is the total number of Financial Managers employed in Columbus, OH?
There are approximately 5,840 Financial Managers working in Columbus, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,840 employees in the Columbus, OH area with a job density of 5.386 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 Columbus, OH