Average Financial Managers Salary in Huntington-Ashland, WV-KY-OH
Financial Managers in the Huntington-Ashland, WV-KY-OH area earn an average annual salary of $117,040. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and a less concentrated demand for specialized financial expertise. The local market dynamics significantly influence compensation levels for these critical roles.
Executive Summary
- Average Salary: $117,040 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,800.
- Outlook: The local job market for Financial Managers in Huntington-Ashland, while modest in size with a total workforce of 380, shows a concentration quotient of 0.52. This indicates that the role is less prevalent locally compared to the national average, suggesting a niche but potentially stable demand within the existing businesses. The number of jobs per 1,000 workers (2.738) further contextualizes the employment landscape for this profession in the region.
Salary Overview
The average Financial Managers in Huntington-Ashland, WV-KY-OH earns-36.6%below the national average.
$56.3
$2,251
$9,753
Financial Managers Salary Trends (2020-2024)
While specific historical data for the Huntington-Ashland region isn't provided, it's reasonable to assume that salaries for Financial Managers have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing complexity in financial regulations typically drive upward pressure on compensation for experienced professionals in this field.
Financial Managers Salary Distribution in Huntington-Ashland, WV-KY-OH
Career progression for Financial Managers typically involves a significant salary increase with experience. Entry-level positions might start considerably below the average, while senior roles, such as Chief Financial Officers or Directors of Finance, command substantially higher compensation packages. The percentile gaps in salary data underscore the substantial rewards associated with advancing through the ranks and accumulating specialized expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,090 | $32.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,780 | $42.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,340 | $50.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,300 | $70.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,800 | $83.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$117,040
Gross Pay
Real Wage (Purchasing Power)
$117,040
Adjusted for COL (100)
The average annual salary of $117,040 for Financial Managers in Huntington-Ashland aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial footing for professionals considering a move to the area. While the nominal salary is below the national average, the cost of living parity ensures that the real value of earnings remains competitive.
Job Market Context
380
Total Jobs
2.738
Per 1K Jobs
0.52
Location Quotient
Huntington-Ashland, WV-KY-OH has 0.52x 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.
With a Location Quotient of 0.52, Financial Manager roles are less concentrated in Huntington-Ashland compared to the national average. This suggests that the job market is not saturated, and while opportunities may be fewer than in larger metropolitan areas, the demand is specific to the existing business needs. Professionals in this field may find less direct competition but also a more limited number of potential employers within the immediate region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Charleston, WV Financial Managers Salary | $122,140↑ 4% | 44 mi |
| Parkersburg-Vienna, WV Financial Managers Salary | $143,290↑ 22% | 76 mi |
| Beckley, WV Financial Managers Salary | $116,550↓ 0% | 80 mi |
Comparing salaries near Huntington-Ashland, WV-KY-OH
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Huntington-Ashland, WV-KY-OH?
The median annual salary for a Financial Managers in Huntington-Ashland, WV-KY-OH is $117,040. This typically ranges from $67,090 for entry-level positions to $173,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Huntington-Ashland, WV-KY-OH is 36.6% lower than the national median of $184,480.
Is Huntington-Ashland, WV-KY-OH a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to national averages.While the average salary of $117,040 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Huntington-Ashland, WV-KY-OH a good place to live for Financial Managers?
The Cost of Living Index in Huntington-Ashland, WV-KY-OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Huntington-Ashland, WV-KY-OH?
Some top paying nearby cities include Charleston, WV ($122,140) and Parkersburg-Vienna, WV.
How does the local salary compare to the national average?
The average salary for Financial Managers in Huntington-Ashland is $117,040, which is considerably lower than the national average of $184,480.
What is the cost of living in Huntington-Ashland?
The cost of living index in Huntington-Ashland is 100, which is exactly the national average, meaning it is neither cheaper nor more expensive than the typical US location.
How concentrated are Financial Manager jobs in this area?
The concentration of Financial Manager jobs, indicated by a Location Quotient of 0.52, is below the national average, suggesting fewer such roles relative to the overall workforce.
What does the low Location Quotient imply for job seekers?
A lower Location Quotient suggests a less competitive market in terms of the number of available positions relative to the number of professionals, but also potentially fewer specialized opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Huntington-Ashland, WV-KY-OH area with a job density of 2.738 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 Huntington-Ashland, WV-KY-OH