Average Financial Managers Salary in Janesville-Beloit, WI
Financial Managers in Janesville-Beloit, WI, command an average annual salary of $156,050. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentration play a significant role in compensation within this Wisconsin region.
Executive Summary
- Average Salary: $156,050 per year.
- Growth Trend: Salaries have shifted 12.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $234,075.
- Outlook: With a local workforce of 250 Financial Managers and a Location Quotient of 0.68, the job market in Janesville-Beloit indicates a slightly lower concentration compared to the national average. While not a major hub for this profession, the presence of 3.625 jobs per 1,000 workers suggests a stable, albeit specialized, demand for financial expertise.
Salary Overview
The average Financial Managers in Janesville-Beloit, WI earns-15.4%below the national average.
$75
$3,001
$13,004
Financial Managers Salary Trends (2020-2024)
While specific historical data for Janesville-Beloit is not provided, it's reasonable to assume that salaries for Financial Managers in this region have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial oversight, and evolving industry needs likely contribute to a positive, albeit potentially modest, upward trajectory in compensation.
Financial Managers Salary Distribution in Janesville-Beloit, WI
The salary spectrum for Financial Managers typically widens significantly with experience. Entry-level positions might start considerably lower than the $156,050 average, while senior roles, particularly those with extensive P&L responsibility or strategic planning duties, can command salaries well above this benchmark. The percentile gaps in salary distribution underscore the substantial career progression and earning potential available to seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,200 | $37.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,038 | $56.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $144,390 | $69.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $195,063 | $93.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $234,075 | $112.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,050
Gross Pay
Real Wage (Purchasing Power)
$156,050
Adjusted for COL (100)
The average annual salary of $156,050 in Janesville-Beloit 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 this area is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living regions.
Job Market Context
250
Total Jobs
3.625
Per 1K Jobs
0.68
Location Quotient
Janesville-Beloit, WI has 0.68x 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 0.68 signifies that Financial Managers are less concentrated in Janesville-Beloit compared to the national landscape. This suggests that while opportunities exist, the market is not saturated, potentially offering a more competitive environment for skilled professionals seeking roles. It also implies that companies may need to actively recruit talent from outside the immediate area.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Financial Managers Salary | $141,750↓ 9% | 30 mi |
| Madison, WI Financial Managers Salary | $161,260↑ 3% | 33 mi |
| Kenosha, WI Financial Managers Salary | $153,330↓ 2% | 58 mi |
| Milwaukee-Waukesha, WI Financial Managers Salary | $163,510↑ 5% | 59 mi |
| Racine-Mount Pleasant, WI Financial Managers Salary | $151,840↓ 3% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Janesville-Beloit, WI?
The median annual salary for a Financial Managers in Janesville-Beloit, WI is $156,050. This typically ranges from $78,200 for entry-level positions to $234,075 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 15.4% lower than the national median of $184,480.
Is Janesville-Beloit, WI a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $156,050 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Janesville-Beloit, WI a good place to live for Financial Managers?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($141,750) and Madison, WI.
How does the Janesville-Beloit Financial Manager salary compare to the national average?
The average salary for Financial Managers in Janesville-Beloit, WI, is $156,050, which is lower than the national average of $184,480.
What is the Cost of Living in Janesville-Beloit, WI for Financial Managers?
The Cost of Living Index in Janesville-Beloit, WI, is 100, which is exactly at the national average, indicating that the purchasing power of the local salary is standard.
How concentrated is the Financial Manager job market in Janesville-Beloit, WI?
The job market for Financial Managers in Janesville-Beloit, WI, is less concentrated than the national average, with a Location Quotient of 0.68.
What is the total number of Financial Managers in Janesville-Beloit, WI?
There are approximately 250 Financial Managers employed in the Janesville-Beloit, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Janesville-Beloit, WI area with a job density of 3.625 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Janesville-Beloit, WI
- All Occupations Salary in Janesville-Beloit, WI
- Transportation and Material Moving Occupations Salary in Janesville-Beloit, WI
- Office and Administrative Support Occupations Salary in Janesville-Beloit, WI
- Production Occupations Salary in Janesville-Beloit, WI
- Food Preparation and Serving Related Occupations Salary in Janesville-Beloit, WI
- Sales and Related Occupations Salary in Janesville-Beloit, WI
- Educational Instruction and Library Occupations Salary in Janesville-Beloit, WI
- Healthcare Practitioners and Technical Occupations Salary in Janesville-Beloit, WI
- Business and Financial Operations Occupations Salary in Janesville-Beloit, WI
- Management Occupations Salary in Janesville-Beloit, WI
- Browse All Jobs in Janesville-Beloit, WI →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Janesville-Beloit, WI