Average Financial Managers Salary in Greensboro-High Point, NC
Financial Managers in the Greensboro-High Point, NC area earn an average annual salary of $171,570. This figure is slightly below the national average of $184,480, reflecting regional economic factors and the specific demand within the local market. While below the national benchmark, this salary still represents a significant earning potential within the context of the area's economic landscape.
Executive Summary
- Average Salary: $171,570 per year.
- Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $257,355.
- Outlook: The Greensboro-High Point area supports a local workforce of 1,340 Financial Managers. With a Location Quotient of 0.7, the concentration of these roles is somewhat lower than the national average, suggesting a stable but not exceptionally concentrated job market. The presence of nearly 4 Financial Manager jobs per 1,000 workers indicates a consistent demand for these professionals within the region's economy.
Salary Overview
The average Financial Managers in Greensboro-High Point, NC earns-7.0%below the national average.
$82.5
$3,299
$14,298
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including in Greensboro-High Point, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing demand for sophisticated financial oversight, and the evolving complexity of financial regulations and markets.
Financial Managers Salary Distribution in Greensboro-High Point, NC
Salary progression for Financial Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience in strategic financial planning, risk management, and leadership roles can expect to earn significantly more, often reaching the higher percentiles of the salary range. The widening gap between entry-level and senior roles signifies clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $91,470 | $44 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $128,678 | $61.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $153,450 | $73.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $214,463 | $103.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $257,355 | $123.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$171,570
Gross Pay
Real Wage (Purchasing Power)
$171,570
Adjusted for COL (100)
The average annual salary of $171,570 in Greensboro-High Point aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
1,340
Total Jobs
3.726
Per 1K Jobs
0.7
Location Quotient
Greensboro-High Point, NC has 0.70x 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 0.7 indicates that Financial Manager roles are less concentrated in Greensboro-High Point compared to the national average. This suggests that while the job market is present and stable, it may be less competitive than in areas with a higher concentration of these specialized roles, potentially offering good opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Burlington, NC Financial Managers Salary | $150,180↓ 12% | 20 mi |
| Winston-Salem, NC Financial Managers Salary | $160,230↓ 7% | 23 mi |
| Eastern North Carolina nonmetropolitan area Financial Managers Salary | $135,140↓ 21% | 32 mi |
| Western North Carolina nonmetropolitan area Financial Managers Salary | $131,600↓ 23% | 32 mi |
| Central North Carolina nonmetropolitan area Financial Managers Salary | $131,130↓ 24% | 32 mi |
Comparing salaries near Greensboro-High Point, NC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Greensboro-High Point, NC?
The median annual salary for a Financial Managers in Greensboro-High Point, NC is $171,570. This typically ranges from $91,470 for entry-level positions to $257,355 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Greensboro-High Point, NC is 7.0% lower than the national median of $184,480.
Is Greensboro-High Point, NC a lucrative place for Financial Managers?
Yes, with a caveat.The average salary of $171,570 is substantial, and with a Cost of Living Index of 100, its purchasing power is equivalent to the national average. However, it is slightly below the national average salary for the role.
Is Greensboro-High Point, NC a good place to live for Financial Managers?
The Cost of Living Index in Greensboro-High Point, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Greensboro-High Point, NC?
Some top paying nearby cities include Burlington, NC ($150,180) and Winston-Salem, NC.
How does the Greensboro-High Point salary compare to the national average?
The average salary of $171,570 in Greensboro-High Point is approximately 7% lower than the national average of $184,480 for Financial Managers.
What is the job market like for Financial Managers in Greensboro-High Point?
The market is stable, with 1,340 Financial Managers employed locally. The Location Quotient of 0.7 suggests a moderate presence, indicating consistent but not exceptionally high demand compared to national levels.
Does the cost of living affect the value of a Financial Manager's salary in Greensboro-High Point?
No, the Cost of Living Index is exactly 100, meaning the local salary has the same purchasing power as the national average salary in a national average cost of living area.
What does a Location Quotient of 0.7 mean for Financial Managers?
A Location Quotient of 0.7 signifies that Financial Managers are less concentrated in Greensboro-High Point than the national average. This could imply fewer specialized opportunities but potentially less competition for available roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,340 employees in the Greensboro-High Point, NC area with a job density of 3.726 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 Greensboro-High Point, NC