Average Financial Managers Salary in Idaho Falls, ID
Financial Managers in Idaho Falls, ID, command an average annual salary of $131,520. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the Idaho Falls area. The local market dynamics, including the concentration of financial services and the overall economic landscape, play a significant role in shaping compensation for these critical roles.
Executive Summary
- Average Salary: $131,520 per year.
- Growth Trend: Salaries have shifted 46.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,550.
- Outlook: The job market for Financial Managers in Idaho Falls, ID, appears stable, with a total local workforce of 230 professionals. The Location Quotient of 0.54 suggests that while the profession is present, it is less concentrated than the national average, indicating a potentially less saturated but also possibly less robust demand compared to larger metropolitan areas. The rate of 2.858 jobs per 1,000 workers further contextualizes the employment opportunities within this specific locale.
Salary Overview
The average Financial Managers in Idaho Falls, ID earns-28.7%below the national average.
$63.2
$2,529
$10,960
Financial Managers Salary Trends (2020-2024)
While specific historical data for Idaho Falls is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increasing complexity of financial regulations, and the ongoing need for skilled financial oversight. This national trend likely influences local compensation, even if at a different pace, suggesting a positive trajectory for earning potential in the region.
Financial Managers Salary Distribution in Idaho Falls, ID
Salary progression for Financial Managers in Idaho Falls, ID, is significantly influenced by experience and expertise. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The widening gap between the 25th percentile (entry-level) and the 75th percentile (senior roles) clearly signifies the substantial career growth and earning potential available as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,020 | $34.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,640 | $47.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,590 | $60.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $164,400 | $79 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,550 | $98.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$131,520
Gross Pay
Real Wage (Purchasing Power)
$131,520
Adjusted for COL (100)
The nominal average salary of $131,520 in Idaho Falls, ID, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Idaho Falls is equivalent to the national average, offering a stable financial foundation without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
2.858
Per 1K Jobs
0.54
Location Quotient
Idaho Falls, ID has 0.54x 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 0.54, the market for Financial Managers in Idaho Falls, ID, is less concentrated than the national average. This suggests that while there is a demand for these professionals, the job market is not saturated, potentially offering good opportunities for skilled individuals. The lower concentration indicates that Idaho Falls may not be a primary hub for financial management roles compared to national benchmarks.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Pocatello, ID Financial Managers Salary | $131,730↑ 0% | 48 mi |
Comparing salaries near Idaho Falls, ID
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Idaho Falls, ID?
The median annual salary for a Financial Managers in Idaho Falls, ID is $131,520. This typically ranges from $72,020 for entry-level positions to $204,550 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Idaho Falls, ID is 28.7% lower than the national median of $184,480.
Is Idaho Falls, ID a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $131,520 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Idaho Falls, ID a good place to live for Financial Managers?
The Cost of Living Index in Idaho Falls, ID is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Idaho Falls, ID?
Some top paying nearby cities include Pocatello, ID ($131,730) and others.
How does the cost of living in Idaho Falls, ID affect Financial Manager salaries?
The Cost of Living Index in Idaho Falls, ID, is exactly 100, matching the national average. This means the $131,520 average salary for Financial Managers offers purchasing power equivalent to the national average, indicating a balanced financial environment.
What is the concentration of Financial Managers in Idaho Falls, ID?
The Location Quotient for Financial Managers in Idaho Falls, ID, is 0.54. This indicates that the profession is less concentrated in this area compared to the national average, suggesting a potentially less competitive but also less robust job market.
How many Financial Managers are there in Idaho Falls, ID?
There are approximately 230 Financial Managers employed in Idaho Falls, ID. This local workforce size provides context for the overall employment landscape for this profession within the state.
Are there many job openings for Financial Managers in Idaho Falls, ID?
With 2.858 jobs per 1,000 workers, the availability of Financial Manager roles in Idaho Falls, ID, is moderate. This metric suggests a steady, rather than booming, demand for these professionals in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Idaho Falls, ID area with a job density of 2.858 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 Idaho Falls, ID