Average Financial Managers Salary in Fort Wayne, IN
Financial Managers in Fort Wayne, IN earn an average annual salary of $136,020. This figure is notably below the national average of $184,480, reflecting regional economic factors and the specific demand within the local market. While the nominal salary is lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $136,020 per year.
- Growth Trend: Salaries have shifted 13.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $213,700.
- Outlook: With a local workforce of 780 Financial Managers, Fort Wayne presents a moderate employment base for this profession. The Location Quotient of 0.66 suggests that the concentration of these roles is below the national average, indicating a less saturated market compared to other regions. The presence of 3.499 jobs per 1,000 workers points to a steady, albeit not exceptionally high, demand for financial expertise.
Salary Overview
The average Financial Managers in Fort Wayne, IN earns-26.3%below the national average.
$65.4
$2,616
$11,335
Financial Managers Salary Trends (2020-2024)
While specific historical data for Fort Wayne is not provided, it is reasonable to assume that salaries for Financial Managers in the region have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for sophisticated financial planning likely contribute to upward pressure on compensation, even in markets with a lower concentration of these roles.
Financial Managers Salary Distribution in Fort Wayne, IN
The salary trajectory for Financial Managers in Fort Wayne, like elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more. The gap between the lower and upper percentiles of salaries highlights the substantial career progression and earning potential available to those who advance within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,770 | $31.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $102,015 | $49 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $128,080 | $61.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $170,025 | $81.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $213,700 | $102.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$136,020
Gross Pay
Real Wage (Purchasing Power)
$136,020
Adjusted for COL (100)
Fort Wayne's Cost of Living Index stands at 100, which is precisely the national average. This means that the nominal salary of $136,020 offers purchasing power equivalent to the national average. Therefore, while the salary is lower than the national average, the cost of living does not exacerbate the difference, making the take-home pay relatively stable in terms of real value compared to the rest of the country.
Job Market Context
780
Total Jobs
3.499
Per 1K Jobs
0.66
Location Quotient
Fort Wayne, IN has 0.66x 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.
A Location Quotient of 0.66 indicates that Financial Managers are less concentrated in Fort Wayne compared to the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled professionals to secure positions without facing intense competition. However, it also implies that the overall demand might be more limited than in areas with a higher concentration of these roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lima, OH Financial Managers Salary | $123,660↓ 9% | 59 mi |
| Elkhart-Goshen, IN Financial Managers Salary | $149,090↑ 10% | 59 mi |
| Muncie, IN Financial Managers Salary | $129,390↓ 5% | 63 mi |
| Kokomo, IN Financial Managers Salary | $153,750↑ 13% | 67 mi |
| South Bend-Mishawaka, IN-MI Financial Managers Salary | $146,930↑ 8% | 71 mi |
Comparing salaries near Fort Wayne, IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fort Wayne, IN?
The median annual salary for a Financial Managers in Fort Wayne, IN is $136,020. This typically ranges from $65,770 for entry-level positions to $213,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Wayne, IN is 26.3% lower than the national median of $184,480.
Is Fort Wayne, IN a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.The average salary of $136,020 is significantly lower than the national average of $184,480. However, the cost of living being at the national average means the purchasing power is comparable.
Is Fort Wayne, IN a good place to live for Financial Managers?
The Cost of Living Index in Fort Wayne, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Wayne, IN?
Some top paying nearby cities include Lima, OH ($123,660) and Elkhart-Goshen, IN.
How does Fort Wayne's Financial Manager salary compare to the national average?
Financial Managers in Fort Wayne earn an average of $136,020 annually, which is substantially less than the national average of $184,480.
What is the cost of living in Fort Wayne, IN?
Fort Wayne, IN has a Cost of Living Index of 100, which is exactly the national average, indicating that everyday expenses are neither significantly higher nor lower than the typical US city.
Is the job market for Financial Managers in Fort Wayne competitive?
With a Location Quotient of 0.66, the market is less concentrated than the national average, suggesting potentially lower competition for Financial Manager roles.
How many Financial Managers are there in Fort Wayne, IN?
Fort Wayne has a local workforce of approximately 780 Financial Managers, with 3.499 jobs per 1,000 workers in the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Fort Wayne, IN area with a job density of 3.499 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 Fort Wayne, IN