Average Financial Managers Salary in East North Dakota nonmetropolitan area
Financial Managers in the East North Dakota nonmetropolitan area earn an average annual salary of $133,120. This figure is notably below the national average of $184,480, reflecting regional economic factors and a smaller concentration of specialized financial roles. The unique economic landscape of this area influences compensation levels for finance professionals.
Executive Summary
- Average Salary: $133,120 per year.
- Growth Trend: Salaries have shifted 10.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,360.
- Outlook: The job market for Financial Managers in East North Dakota's nonmetropolitan areas appears stable, with a local workforce of 280 professionals. The Location Quotient of 0.82 suggests a slightly lower concentration of these roles compared to the national average, indicating a steady but not overly saturated demand. The presence of nearly 4.4 jobs per 1,000 workers further supports a consistent need for financial expertise in the region.
Salary Overview
The average Financial Managers in East North Dakota nonmetropolitan area earns-27.8%below the national average.
$64
$2,560
$11,093
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is limited, it's reasonable to assume that salaries for Financial Managers in East North Dakota have experienced gradual growth over the past four years, mirroring national trends. Economic development and increasing business complexity in nonmetropolitan regions often drive up demand and compensation for skilled financial professionals.
Financial Managers Salary Distribution in East North Dakota nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,890 | $39.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,840 | $48 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $119,470 | $57.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $166,400 | $80 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,360 | $100.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$133,120
Gross Pay
Real Wage (Purchasing Power)
$133,120
Adjusted for COL (100)
The average annual salary of $133,120 in East North Dakota's nonmetropolitan area 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 region is equivalent to the national average, offering a stable financial standing relative to living expenses.
Job Market Context
280
Total Jobs
4.373
Per 1K Jobs
0.82
Location Quotient
East North Dakota nonmetropolitan area has 0.82x 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 0.82, the East North Dakota nonmetropolitan area has a slightly lower concentration of Financial Managers than the national average. This suggests that while the demand is present, the market is not as intensely competitive as in major metropolitan hubs, potentially offering good opportunities for skilled professionals without the extreme competition found elsewhere.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Financial Managers Salary | $152,160↑ 14% | 68 mi |
| Minot, ND Financial Managers Salary | $142,620↑ 7% | 85 mi |
Comparing salaries near East North Dakota nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in East North Dakota nonmetropolitan area?
The median annual salary for a Financial Managers in East North Dakota nonmetropolitan area is $133,120. This typically ranges from $82,890 for entry-level positions to $209,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East North Dakota nonmetropolitan area is 27.8% lower than the national median of $184,480.
Is East North Dakota nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $133,120 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is East North Dakota nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in East North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($152,160) and Minot, ND.
How does the local workforce size impact job opportunities?
A local workforce of 280 Financial Managers indicates a focused but potentially less dynamic job market compared to larger metropolitan areas. This size suggests a stable demand for experienced professionals.
What does a Location Quotient of 0.82 mean for Financial Managers?
A Location Quotient of 0.82 signifies that Financial Managers are slightly less concentrated in this region than the national average. This could imply fewer specialized roles but also potentially less competition for available positions.
How does the Cost of Living Index affect the salary's value?
With a Cost of Living Index of 100, the $133,120 salary offers purchasing power equivalent to the national average. This means that while the nominal salary is lower, the cost of essential goods and services is also at the national benchmark.
What is the job outlook for Financial Managers in this area?
The outlook appears steady, with 4.373 jobs per 1,000 workers. This indicates a consistent need for financial expertise, though rapid expansion might be less common than in high-growth urban centers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the East North Dakota nonmetropolitan area area with a job density of 4.373 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 East North Dakota nonmetropolitan area