Average Financial Managers Salary in Fargo, ND-MN
Financial Managers in Fargo, ND-MN earn an average annual salary of $157,500, which is below the national average of $184,480. This differential is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market.
Executive Summary
- Average Salary: $157,500 per year.
- Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $232,750.
- Outlook: The Fargo, ND-MN market supports a local workforce of 710 Financial Managers. With a Location Quotient of 0.9, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally concentrated demand for financial management professionals in the area.
Salary Overview
The average Financial Managers in Fargo, ND-MN earns-14.6%below the national average.
$75.7
$3,029
$13,125
Financial Managers Salary Trends (2020-2024)
While specific historical data for Fargo is not provided, it is generally observed that salaries for Financial Managers nationwide have seen consistent growth over the past four years, driven by increasing complexity in financial regulations and the strategic importance of financial planning for businesses. This upward trend is likely reflected to some degree in the Fargo market as well.
Financial Managers Salary Distribution in Fargo, ND-MN
Salary progression for Financial Managers in Fargo, ND-MN typically correlates with experience. Entry-level positions may start at lower percentiles, while senior roles with extensive experience and proven track records command salaries in the higher percentiles. The gap between these percentiles signifies substantial career growth and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $93,010 | $44.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,125 | $56.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $135,680 | $65.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,875 | $94.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $232,750 | $111.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$157,500
Gross Pay
Real Wage (Purchasing Power)
$157,500
Adjusted for COL (100)
With an average annual salary of $157,500 and a Cost of Living Index of 100 (matching the national average), Financial Managers in Fargo, ND-MN experience purchasing power that is aligned with the national standard. This means that while the nominal salary is lower than the national average, the cost of goods and services locally does not present a disadvantage.
Job Market Context
710
Total Jobs
4.784
Per 1K Jobs
0.9
Location Quotient
Fargo, ND-MN has 0.90x 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.
The Location Quotient of 0.9 for Financial Managers in Fargo, ND-MN indicates that the industry is present at a level comparable to the national average, though slightly less concentrated. This suggests a balanced job market where demand exists, but the field is not oversaturated, offering moderate competition for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN Financial Managers Salary | $149,170↓ 5% | 74 mi |
Comparing salaries near Fargo, ND-MN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fargo, ND-MN?
The median annual salary for a Financial Managers in Fargo, ND-MN is $157,500. This typically ranges from $93,010 for entry-level positions to $232,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 14.6% lower than the national median of $184,480.
Is Fargo, ND-MN a lucrative place for Financial Managers?
Moderately lucrative, with average earnings aligning with national cost of living.Financial Managers in Fargo earn $157,500 annually, which is less than the national average but is offset by a Cost of Living Index of 100. The market offers stable opportunities without extreme competition.
Is Fargo, ND-MN a good place to live for Financial Managers?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($149,170) and others.
How does Fargo's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Fargo, ND-MN is $157,500, which is approximately 14.6% lower than the national average of $184,480.
What is the concentration of Financial Managers in Fargo compared to the rest of the US?
Fargo has a Location Quotient of 0.9 for Financial Managers, indicating a slightly lower concentration of these professionals relative to the national average.
How does the cost of living in Fargo affect the Financial Manager salary?
Fargo's Cost of Living Index is 100, which is the national average. This means the $157,500 salary provides purchasing power equivalent to the national standard, despite being below the national average salary figure.
What is the total number of Financial Managers employed in Fargo, ND-MN?
There are approximately 710 Financial Managers employed within the Fargo, ND-MN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Fargo, ND-MN area with a job density of 4.784 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 Fargo, ND-MN