Average Financial Managers Salary in Elmira, NY
The average salary for Financial Managerss in Elmira, NY is $157,610. While this is lower than the national average, the cost of living in Elmira, NY may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $157,610 per year.
- Growth Trend: Salaries have shifted 17.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,415.
- Outlook: The current demand for Financial Managerss is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Elmira, NY economy.
Salary Overview
The average Financial Managers in Elmira, NY earns-14.6%below the national average.
$75.8
$3,031
$13,134
Financial Managers Salary Trends (2020-2024)
Over the past 4 years, Financial Managers salaries in Elmira, NY have shown healthy growth of 17.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Managers Salary Distribution in Elmira, NY
The earning potential for Financial Managerss in Elmira, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $65,460, while highly experienced professionals can command wages upwards of $236,415.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,460 | $31.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,208 | $56.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $138,830 | $66.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $197,013 | $94.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $236,415 | $113.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,610
Gross Pay
Real Wage (Purchasing Power)
$157,610
Adjusted for COL (100)
In Elmira, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $157,610 to $157,610.
Job Market Context
80
Total Jobs
2.518
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Elmira, NY has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
80 people work as Financial Managers in Elmira, NY.
Moderate density — roughly 2.518 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Financial Managers Salary | $161,000↑ 2% | 29 mi |
| Binghamton, NY Financial Managers Salary | $168,700↑ 7% | 46 mi |
| Williamsport, PA Financial Managers Salary | $122,940↓ 22% | 60 mi |
| Northwestern Pennsylvania nonmetropolitan area Financial Managers Salary | $119,690↓ 24% | 65 mi |
| Central Pennsylvania nonmetropolitan area Financial Managers Salary | $130,150↓ 17% | 65 mi |
Comparing salaries near Elmira, NY
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Elmira, NY?
The median annual salary for a Financial Managers in Elmira, NY is $157,610. This typically ranges from $65,460 for entry-level positions to $236,415 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Elmira, NY is 14.6% lower than the national median of $184,480.
Is Elmira, NY a good place for Financial Managerss?
It depends on your priorities. While the average Financial Managers salary in Elmira, NY is $157,610 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Elmira, NY. See distinct detailed breakdown below.
Is Elmira, NY a good place to live for Financial Managers?
The Cost of Living Index in Elmira, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Elmira, NY?
Some top paying nearby cities include Ithaca, NY ($161,000) and Binghamton, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Elmira, NY area with a job density of 2.518 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 Elmira, NY