Average Financial Managers Salary in Lexington Park, MD
Financial Managers in Lexington Park, MD, command an average annual salary of $147,130. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, or specific employer demands in the Lexington Park area may influence compensation levels for this critical role.
Executive Summary
- Average Salary: $147,130 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $204,440.
- Outlook: The financial management sector in Lexington Park, MD, supports a local workforce of 280 professionals. With a Location Quotient of 0.73, the concentration of Financial Managers is slightly below the national average, indicating a stable but not exceptionally dense job market. The presence of 3.86 jobs per 1,000 workers suggests a consistent demand for skilled financial leadership within the region.
Salary Overview
The average Financial Managers in Lexington Park, MD earns-20.2%below the national average.
$70.7
$2,829
$12,261
Financial Managers Salary Trends (2020-2024)
While specific historical data for Lexington Park is not provided, it is reasonable to assume that salaries for Financial Managers have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and increasing demand for sophisticated financial oversight typically drive upward salary adjustments for experienced professionals in this field.
Financial Managers Salary Distribution in Lexington Park, MD
Career progression significantly impacts earnings for Financial Managers. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior-level compensation reflects the increasing value placed on strategic financial acumen and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,810 | $36 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,348 | $53.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,770 | $67.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $183,913 | $88.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $204,440 | $98.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$147,130
Gross Pay
Real Wage (Purchasing Power)
$147,130
Adjusted for COL (100)
The average annual salary of $147,130 in Lexington Park, MD, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Financial Manager's salary in this location is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
280
Total Jobs
3.86
Per 1K Jobs
0.73
Location Quotient
Lexington Park, MD has 0.73x 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 0.73 for Financial Managers in Lexington Park, MD, suggests that the profession is less concentrated here compared to the national average. This indicates a moderately competitive job market where demand is present but not saturated, potentially offering good opportunities for qualified candidates without overwhelming competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Salisbury, MD Financial Managers Salary | $140,770↓ 4% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Financial Managers Salary | $193,890↑ 32% | 55 mi |
| Maryland nonmetropolitan area Financial Managers Salary | $127,200↓ 14% | 59 mi |
| Baltimore-Columbia-Towson, MD Financial Managers Salary | $167,000↑ 14% | 72 mi |
| Richmond, VA Financial Managers Salary | $184,340↑ 25% | 75 mi |
Comparing salaries near Lexington Park, MD
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Lexington Park, MD?
The median annual salary for a Financial Managers in Lexington Park, MD is $147,130. This typically ranges from $74,810 for entry-level positions to $204,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 20.2% lower than the national median of $184,480.
Is Lexington Park, MD a lucrative place for Financial Managers?
No, but it offers average purchasing power.While the average salary of $147,130 is below the national average, the cost of living is also at the national average. This means the salary provides average purchasing power locally.
Is Lexington Park, MD a good place to live for Financial Managers?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($140,770) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the Lexington Park Financial Manager salary compare to the national average?
The average salary for Financial Managers in Lexington Park, MD ($147,130) is approximately 20% lower than the national average ($184,480).
What is the significance of the Location Quotient in Lexington Park?
A Location Quotient of 0.73 indicates that Financial Managers are less concentrated in Lexington Park compared to the national average, suggesting a stable but not overly competitive job market for these roles.
Does the cost of living affect the value of a Financial Manager's salary in Lexington Park?
No, the cost of living in Lexington Park is exactly at the national average (100), meaning the $147,130 salary has the same relative purchasing power as the national average salary.
How many Financial Managers are employed in Lexington Park, MD?
There are approximately 280 Financial Managers employed in Lexington Park, MD, representing 3.86 jobs per 1,000 workers 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 280 employees in the Lexington Park, MD area with a job density of 3.86 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 Lexington Park, MD