Average Financial Managers Salary in Eastern Washington nonmetropolitan area
Financial Managers in Eastern Washington's nonmetropolitan areas earn an average annual salary of $157,350. This figure is notably below the national average of $184,480, reflecting the unique economic dynamics and potentially lower demand for specialized financial roles outside of major urban centers. The localized pay scale is a direct consequence of regional economic factors and the concentration of businesses within this specific geographic area.
Executive Summary
- Average Salary: $157,350 per year.
- Growth Trend: Salaries have shifted 49.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $225,980.
- Outlook: With a total local workforce of 270 Financial Managers, the job market in Eastern Washington's nonmetropolitan areas presents a modest but stable environment. The Location Quotient of 0.46 indicates a lower concentration of these professionals compared to the national average, suggesting that while opportunities exist, they are not as abundant as in larger metropolitan regions. The presence of 2.424 jobs per 1,000 workers signifies a consistent, albeit specialized, demand for financial expertise within the local economy.
Salary Overview
The average Financial Managers in Eastern Washington nonmetropolitan area earns-14.7%below the national average.
$75.7
$3,026
$13,113
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan region is not provided, it is reasonable to assume a general upward trend in Financial Manager salaries over the past four years, mirroring national patterns. Economic growth, inflation, and increasing complexity in financial regulations typically drive salary increases for experienced professionals. This trend likely translates to modest but steady salary appreciation for Financial Managers in Eastern Washington, keeping pace with evolving market demands and responsibilities.
Financial Managers Salary Distribution in Eastern Washington nonmetropolitan area
Salary progression for Financial Managers in Eastern Washington's nonmetropolitan areas typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial career growth potential, rewarding accumulated expertise and leadership capabilities within the financial sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $90,180 | $43.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,013 | $56.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $147,890 | $71.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,688 | $94.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $225,980 | $108.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,350
Gross Pay
Real Wage (Purchasing Power)
$157,350
Adjusted for COL (100)
The average annual salary of $157,350 in Eastern Washington'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 that of a Financial Manager earning the national average salary in a national average cost of living area. Consequently, the nominal salary offers a comparable standard of living to the national average, without the premium often associated with higher cost-of-living locations.
Job Market Context
270
Total Jobs
2.424
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Eastern Washington nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.46 for Financial Managers in Eastern Washington's nonmetropolitan areas indicates a market with less concentration than the national average. This suggests that while there is a demand for these roles, the competition might be less intense compared to more saturated metropolitan job markets. The lower concentration implies that skilled Financial Managers may find a relatively less crowded field, potentially leading to more direct opportunities and a stronger negotiating position for those with in-demand expertise.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Financial Managers Salary | $201,110↑ 28% | 42 mi |
| Wenatchee-East Wenatchee, WA Financial Managers Salary | $169,330↑ 8% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Financial Managers Salary | $167,180↑ 6% | 58 mi |
| Olympia-Lacey-Tumwater, WA Financial Managers Salary | $151,070↓ 4% | 70 mi |
| Yakima, WA Financial Managers Salary | $159,440↑ 1% | 71 mi |
Comparing salaries near Eastern Washington nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Eastern Washington nonmetropolitan area?
The median annual salary for a Financial Managers in Eastern Washington nonmetropolitan area is $157,350. This typically ranges from $90,180 for entry-level positions to $225,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Washington nonmetropolitan area is 14.7% lower than the national median of $184,480.
Is Eastern Washington nonmetropolitan area a lucrative place for Financial Managers?
No, not when compared to the national average.While the $157,350 salary is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Eastern Washington nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Eastern Washington nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Washington nonmetropolitan area?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($201,110) and Wenatchee-East Wenatchee, WA.
How does the Eastern Washington Financial Manager salary compare to the national average?
The average salary for Financial Managers in Eastern Washington's nonmetropolitan areas is $157,350, which is lower than the national average of $184,480.
What is the Cost of Living like for Financial Managers in Eastern Washington?
The Cost of Living Index in Eastern Washington's nonmetropolitan areas is 100, which is the national average. This means the purchasing power of the local salary is comparable to the national average.
Is there high demand for Financial Managers in this region?
The Location Quotient of 0.46 suggests a lower concentration of Financial Managers compared to the national average, indicating a potentially less competitive but steady job market.
How many Financial Managers work in Eastern Washington's nonmetropolitan areas?
There are approximately 270 Financial Managers employed in this specific region, representing 2.424 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Eastern Washington nonmetropolitan area area with a job density of 2.424 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 Eastern Washington nonmetropolitan area