Average Financial Managers Salary in Kennewick-Richland, WA
Financial Managers in Kennewick-Richland, WA, earn an average annual salary of $174,100. This figure is slightly below the national average of $184,480, indicating a localized compensation trend. Factors such as regional economic conditions and the specific demand within the local market likely influence this pay scale.
Executive Summary
- Average Salary: $174,100 per year.
- Growth Trend: Salaries have shifted 33.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $261,150.
- Outlook: The Kennewick-Richland area supports a workforce of 260 Financial Managers. With a Location Quotient of 0.39, the concentration of these roles is below the national average, suggesting a less saturated but potentially more specialized local job market for this profession.
Salary Overview
The average Financial Managers in Kennewick-Richland, WA earns-5.6%below the national average.
$83.7
$3,348
$14,508
Financial Managers Salary Trends (2020-2024)
While specific historical data for Kennewick-Richland is not provided, it is generally observed that salaries for Financial Managers across the nation have experienced consistent growth over the past four years, driven by increasing complexity in financial operations and a persistent demand for skilled professionals.
Financial Managers Salary Distribution in Kennewick-Richland, WA
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions may start at lower percentiles, while senior roles with extensive responsibilities and proven track records command salaries in the higher percentiles, reflecting a clear career growth trajectory and increased value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $102,140 | $49.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $130,575 | $62.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $161,670 | $77.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $217,625 | $104.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $261,150 | $125.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$174,100
Gross Pay
Real Wage (Purchasing Power)
$174,100
Adjusted for COL (100)
The average annual salary of $174,100 in Kennewick-Richland, WA, 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 stable financial environment relative to the cost of goods and services.
Job Market Context
260
Total Jobs
2.059
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Kennewick-Richland, WA has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.39 for Financial Managers in Kennewick-Richland signifies that this profession is less concentrated locally compared to the national average. This suggests that while there are established roles, the market may not be as competitive as in larger metropolitan areas, potentially offering unique opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Walla Walla, WA Financial Managers Salary | $150,190↓ 14% | 41 mi |
| Yakima, WA Financial Managers Salary | $159,440↓ 8% | 71 mi |
Comparing salaries near Kennewick-Richland, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Kennewick-Richland, WA?
The median annual salary for a Financial Managers in Kennewick-Richland, WA is $174,100. This typically ranges from $102,140 for entry-level positions to $261,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kennewick-Richland, WA is 5.6% lower than the national median of $184,480.
Is Kennewick-Richland, WA a lucrative place for Financial Managers?
Moderately lucrative, with salary aligning to cost of living.The average salary of $174,100 is substantial, and with a Cost of Living Index of 100, it offers average national purchasing power. However, it is below the national average salary for the role.
Is Kennewick-Richland, WA a good place to live for Financial Managers?
The Cost of Living Index in Kennewick-Richland, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kennewick-Richland, WA?
Some top paying nearby cities include Walla Walla, WA ($150,190) and Yakima, WA.
How does the Kennewick-Richland Financial Manager salary compare to the national average?
The average salary of $174,100 in Kennewick-Richland is approximately 5.6% lower than the national average of $184,480.
What is the concentration of Financial Managers in Kennewick-Richland?
The concentration, measured by the Location Quotient, is 0.39, indicating that Financial Managers are less prevalent in Kennewick-Richland compared to the national average.
Does the Cost of Living in Kennewick-Richland affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $174,100 salary has purchasing power equivalent to the national average, despite being below the national salary average for the role.
How many Financial Managers are employed in Kennewick-Richland?
There are approximately 260 Financial Managers employed in the Kennewick-Richland area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Kennewick-Richland, WA area with a job density of 2.059 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 Kennewick-Richland, WA