Average Financial Managers Salary in Eastern Ohio nonmetropolitan area
Financial Managers in Eastern Ohio's nonmetropolitan areas earn an average annual salary of $120,690. This figure is notably below the national average of $184,480, reflecting regional economic factors and potentially a different industry focus compared to major metropolitan hubs. The lower average pay in this region is often influenced by the cost of doing business and the specific demand for high-level financial expertise within the local economy.
Executive Summary
- Average Salary: $120,690 per year.
- Growth Trend: Salaries have shifted 14.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,170.
- Outlook: The Financial Manager job market in Eastern Ohio's nonmetropolitan areas is characterized by a modest workforce of 510 professionals. With a Location Quotient of 0.7, the concentration of these roles is slightly below the national average, suggesting a stable but not rapidly expanding demand. The presence of nearly 4 Financial Manager jobs per 1,000 workers indicates a consistent need for these financial experts within the local business landscape.
Salary Overview
The average Financial Managers in Eastern Ohio nonmetropolitan area earns-34.6%below the national average.
$58
$2,321
$10,058
Financial Managers Salary Trends (2020-2024)
While specific historical data for Eastern Ohio's nonmetropolitan areas is not provided, it's reasonable to assume a general trend of salary growth for Financial Managers over the past four years, mirroring national patterns. Economic shifts and evolving business needs typically drive incremental increases in compensation for specialized roles like financial management, even in less concentrated markets.
Financial Managers Salary Distribution in Eastern Ohio nonmetropolitan area
Salary progression for Financial Managers in Eastern Ohio typically scales with experience. Entry-level positions might start significantly lower than the average, while seasoned professionals with extensive experience and specialized skills can command salaries well above the $120,690 mark. The percentile gaps in earnings clearly signify the career trajectory and the increasing value placed on expertise and leadership as one moves from junior to senior financial management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,230 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,518 | $43.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,550 | $48.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $150,863 | $72.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,170 | $98.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$120,690
Gross Pay
Real Wage (Purchasing Power)
$120,690
Adjusted for COL (100)
The average annual salary of $120,690 in Eastern Ohio's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that income is comparable to the national standard. Therefore, the $120,690 salary offers a similar lifestyle and ability to afford goods and services as a higher salary would in a more expensive region.
Job Market Context
510
Total Jobs
3.729
Per 1K Jobs
0.7
Location Quotient
Eastern Ohio nonmetropolitan area has 0.70x 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 0.7, the market for Financial Managers in Eastern Ohio's nonmetropolitan areas is less concentrated than the national average. This suggests that while there is a steady demand, the field is not oversaturated, and opportunities may be more specialized. Professionals entering this market might find fewer direct competitors but could also face a more limited number of large-scale financial operations requiring their services.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Financial Managers Salary | $118,740↓ 2% | 29 mi |
| Columbus, OH Financial Managers Salary | $157,480↑ 30% | 32 mi |
| Springfield, OH Financial Managers Salary | $121,810↑ 1% | 63 mi |
| Sandusky, OH Financial Managers Salary | $126,250↑ 5% | 73 mi |
| Lima, OH Financial Managers Salary | $123,660↑ 2% | 75 mi |
Comparing salaries near Eastern Ohio nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Eastern Ohio nonmetropolitan area?
The median annual salary for a Financial Managers in Eastern Ohio nonmetropolitan area is $120,690. This typically ranges from $49,230 for entry-level positions to $204,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Ohio nonmetropolitan area is 34.6% lower than the national median of $184,480.
Is Eastern Ohio nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.The average salary of $120,690 is significantly lower than the national average of $184,480. However, the cost of living is also at the national average, meaning the lower salary has comparable purchasing power locally.
Is Eastern Ohio nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Eastern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($118,740) and Columbus, OH.
What is the average salary for a Financial Manager in Eastern Ohio?
The average annual salary for a Financial Manager in Eastern Ohio's nonmetropolitan areas is $120,690.
How does the Eastern Ohio salary compare to the national average?
The average salary in Eastern Ohio ($120,690) is considerably lower than the national average ($184,480).
What is the Cost of Living in Eastern Ohio compared to the national average?
The Cost of Living Index in Eastern Ohio's nonmetropolitan areas is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Eastern Ohio?
The job market is slightly less concentrated than the national average, with a Location Quotient of 0.7, indicating a stable but not booming demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Eastern Ohio nonmetropolitan area area with a job density of 3.729 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Eastern Ohio nonmetropolitan area
- All Occupations Salary in Eastern Ohio nonmetropolitan area
- Production Occupations Salary in Eastern Ohio nonmetropolitan area
- Office and Administrative Support Occupations Salary in Eastern Ohio nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Eastern Ohio nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Eastern Ohio nonmetropolitan area
- Sales and Related Occupations Salary in Eastern Ohio nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Eastern Ohio nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Eastern Ohio nonmetropolitan area
- Management Occupations Salary in Eastern Ohio nonmetropolitan area
- Installation, Maintenance, and Repair Occupations Salary in Eastern Ohio nonmetropolitan area
- Browse All Jobs in Eastern Ohio nonmetropolitan area →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Eastern Ohio nonmetropolitan area