Average Financial Managers Salary in Kenosha, WI
Financial Managers in Kenosha, WI, earn an average annual salary of $153,330. This figure is notably below the national average of $184,480, suggesting localized economic factors and demand dynamics influence compensation in this Wisconsin city. While the nominal salary may seem lower, understanding the context of the local job market and cost of living is crucial for a complete picture.
Executive Summary
- Average Salary: $153,330 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,995.
- Outlook: With a total local workforce of 260 Financial Managers, Kenosha presents a modest but stable employment landscape for this profession. The Location Quotient of 0.66 indicates a slightly lower concentration of these roles compared to the national average, implying that while opportunities exist, the market is not oversaturated. The presence of 3.508 jobs per 1,000 workers suggests a consistent, albeit not exceptionally high, demand for financial expertise within the region.
Salary Overview
The average Financial Managers in Kenosha, WI earns-16.9%below the national average.
$73.7
$2,949
$12,778
Financial Managers Salary Trends (2020-2024)
While specific historical data for Kenosha is not provided, it is reasonable to assume that salaries for Financial Managers in the area have seen gradual growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial planning and analysis typically drive upward salary adjustments for experienced professionals in this field.
Financial Managers Salary Distribution in Kenosha, WI
Salary progression for Financial Managers in Kenosha, as elsewhere, is strongly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive experience in strategic financial planning, risk management, and leadership, can significantly exceed the average. The percentile gaps in salary distribution highlight the substantial earning potential available to those who advance their careers within the financial management sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,080 | $38.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,998 | $55.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $138,070 | $66.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $191,663 | $92.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,995 | $110.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$153,330
Gross Pay
Real Wage (Purchasing Power)
$153,330
Adjusted for COL (100)
The average annual salary of $153,330 in Kenosha, WI, 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 Kenosha is equivalent to that of the average American. While the nominal income is lower than the national average for the role, the stable cost of living ensures that the salary's real value is maintained relative to national benchmarks.
Job Market Context
260
Total Jobs
3.508
Per 1K Jobs
0.66
Location Quotient
Kenosha, WI has 0.66x 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 0.66 for Financial Managers in Kenosha signifies that the concentration of these professionals is below the national average. This suggests that the job market may be less competitive than in major metropolitan hubs, potentially offering a more accessible entry point for qualified individuals. However, it also implies that the demand might be more specialized or tied to specific local industries, requiring a nuanced understanding of the regional economic landscape.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Financial Managers Salary | $151,840↓ 1% | 10 mi |
| Milwaukee-Waukesha, WI Financial Managers Salary | $163,510↑ 7% | 33 mi |
| Chicago-Naperville-Elgin, IL-IN Financial Managers Salary | $183,690↑ 20% | 51 mi |
| Janesville-Beloit, WI Financial Managers Salary | $156,050↑ 2% | 58 mi |
| Rockford, IL Financial Managers Salary | $141,750↓ 8% | 65 mi |
Comparing salaries near Kenosha, WI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Kenosha, WI?
The median annual salary for a Financial Managers in Kenosha, WI is $153,330. This typically ranges from $80,080 for entry-level positions to $229,995 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kenosha, WI is 16.9% lower than the national median of $184,480.
Is Kenosha, WI a lucrative place for Financial Managers?
Moderately so, considering the cost of living.Financial Managers in Kenosha earn $153,330, which is below the national average, but the local cost of living is also at the national average, making the salary's purchasing power comparable.
Is Kenosha, WI a good place to live for Financial Managers?
The Cost of Living Index in Kenosha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kenosha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($151,840) and Milwaukee-Waukesha, WI.
How does Kenosha's Financial Manager salary compare to Milwaukee?
While specific Milwaukee data isn't provided here, Kenosha's average salary of $153,330 is below the national average. Milwaukee, being a larger metropolitan area, typically offers higher salaries for Financial Managers, though potentially with a higher cost of living.
What is the typical career path for a Financial Manager in Kenosha?
A common path involves starting in roles like financial analyst or accountant, progressing to Senior Financial Analyst, and then into Financial Manager positions, potentially leading to Director of Finance or CFO roles with significant experience and demonstrated leadership.
Are there many job openings for Financial Managers in Kenosha?
With 3.508 jobs per 1,000 workers and a total workforce of 260, there is a steady presence of opportunities, though the market is not as concentrated as in larger national economic centers.
Does experience significantly impact a Financial Manager's salary in Kenosha?
Absolutely. Entry-level Financial Managers will earn considerably less than seasoned professionals with a decade or more of experience, who are crucial for strategic decision-making and command higher compensation.
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 Kenosha, WI area with a job density of 3.508 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 Kenosha, WI