Average Financial Managers Salary in Fairbanks-College, AK
Financial Managers in Fairbanks-College, AK, earn an average annual salary of $129,320. This figure is notably below the national average of $184,480, suggesting that while the role is present, compensation may be influenced by regional economic factors or a smaller market demand compared to larger metropolitan areas.
Executive Summary
- Average Salary: $129,320 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $190,340.
- Outlook: The local workforce for Financial Managers in Fairbanks-College, AK, comprises approximately 200 professionals. With a location quotient of 1.03, the concentration of these roles is slightly above the national average, indicating a stable, albeit not exceptionally high, demand within the region. The presence of 5.46 jobs per 1,000 workers further supports a consistent need for financial expertise in this Alaskan locale.
Salary Overview
The average Financial Managers in Fairbanks-College, AK earns-29.9%below the national average.
$62.2
$2,487
$10,777
Financial Managers Salary Trends (2020-2024)
While specific historical data for Fairbanks-College, AK is not provided, it is reasonable to assume that salaries for Financial Managers have seen a general upward trend over the past four years, mirroring national economic growth and increasing demand for financial oversight. This growth is likely driven by evolving business needs and the increasing complexity of financial regulations.
Financial Managers Salary Distribution in Fairbanks-College, AK
The salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles highlights the substantial career advancement opportunities and increased earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,160 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,990 | $46.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,360 | $56.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $161,650 | $77.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $190,340 | $91.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$129,320
Gross Pay
Real Wage (Purchasing Power)
$129,320
Adjusted for COL (100)
The average annual salary of $129,320 in Fairbanks-College, AK, 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 this location is equivalent to the national standard, offering a stable financial standing without the premium often associated with higher living expenses in other regions.
Job Market Context
200
Total Jobs
5.46
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Fairbanks-College, AK has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A location quotient of 1.03 for Financial Managers in Fairbanks-College, AK, signifies a market that is very close to the national average in terms of job concentration. This suggests that the job market is neither exceptionally saturated nor unusually scarce, presenting a balanced environment for professionals seeking opportunities. The number of jobs per 1,000 workers (5.46) reinforces this equilibrium, indicating steady employment prospects.
Nearby Job Markets
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fairbanks-College, AK?
The median annual salary for a Financial Managers in Fairbanks-College, AK is $129,320. This typically ranges from $77,160 for entry-level positions to $190,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fairbanks-College, AK is 29.9% lower than the national median of $184,480.
Is Fairbanks-College, AK a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $129,320 is substantial, it falls below the national average of $184,480. However, the cost of living is also at the national average, meaning the salary's purchasing power is equivalent.
Is Fairbanks-College, AK a good place to live for Financial Managers?
The Cost of Living Index in Fairbanks-College, AK is 100. While higher than average, this often correlates with higher wages.
How does the salary compare to other Alaskan cities?
Without specific data for other Alaskan cities, it's difficult to provide a direct comparison. However, Fairbanks-College's salary for Financial Managers is below the national average, which may also be true for other locations within Alaska depending on local economic conditions and demand.
What factors influence Financial Manager salaries in Fairbanks-College, AK?
Salaries are influenced by factors such as years of experience, specific industry (e.g., government, private sector), company size, and the complexity of financial operations managed. Regional economic conditions and the overall demand for financial expertise also play a role.
What are the typical entry-level salary expectations for Financial Managers in this area?
Entry-level positions typically command salaries at the lower end of the pay scale. While exact figures vary, expect compensation to be significantly less than the $129,320 average, reflecting the need for experience to reach higher earning potential.
Are there many job openings for Financial Managers in Fairbanks-College, AK?
With a location quotient of 1.03 and 5.46 jobs per 1,000 workers, the job market indicates a steady, consistent demand rather than a high volume of openings. The total local workforce of 200 suggests a stable but not rapidly expanding job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Fairbanks-College, AK area with a job density of 5.46 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 Fairbanks-College, AK