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Average Financial Managers Salary in Farmington, NM

The average salary for Financial Managerss in Farmington, NM is $125,580. While this is lower than the national average, the cost of living in Farmington, NM may offset the difference, preserving real purchasing power.

Executive Summary

  • Average Salary: $125,580 per year.
  • Growth Trend: Salaries have shifted 36.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $178,470.
  • Outlook: The current demand for Financial Managerss is stable, with a local workforce of approximately 100 professionals. This role remains a specialized component of the broader Farmington, NM economy.
2024 Market Data

Salary Overview

$125,580

The average Financial Managers in Farmington, NM earns-31.9%below the national average.

BreakdownBased on 40h/week
Hourly

$60.4

Weekly

$2,415

Monthly

$10,465

Financial Managers Salary Distribution in Farmington, NM

The earning potential for Financial Managerss in Farmington, NM varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $79,190, while highly experienced professionals can command wages upwards of $178,470.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$79,190$38.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$94,185$45.3
ManagerOversees team, compliance, and project delivery.50% (Median)$121,090$58.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$156,975$75.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$178,470$85.8

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$125,580

Gross Pay

Real Wage (Purchasing Power)

$125,580

Adjusted for COL (100)

In Farmington, NM, the Cost of Living Index is 100. This increases your effective purchasing power from $125,580 to $125,580.

Job Market Context

100

Total Jobs

2.094

Per 1K Jobs

0.39

Location Quotient

Low Concentration

At 0.39x, Farmington, NM has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

100 people work as Financial Managers in Farmington, NM.

Moderate density — roughly 2.094 out of every 1,000 local jobs are in this profession.

Nearby Job Markets

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Farmington, NM?

The median annual salary for a Financial Managers in Farmington, NM is $125,580. This typically ranges from $79,190 for entry-level positions to $178,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 31.9% lower than the national median of $184,480.

Is Farmington, NM a good place for Financial Managerss?

It depends on your priorities. While the average Financial Managers salary in Farmington, NM is $125,580 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Farmington, NM. See distinct detailed breakdown below.

Is Farmington, NM a good place to live for Financial Managers?

The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 100 employees in the Farmington, NM area with a job density of 2.094 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Farmington, NM