Average Financial Managers Salary in Medford, OR
Financial Managers in Medford, Oregon, earn an average annual salary of $155,500. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower cost of doing business influence compensation in this region. Understanding these local factors is crucial for financial professionals considering opportunities in Medford.
Executive Summary
- Average Salary: $155,500 per year.
- Growth Trend: Salaries have shifted 40.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $233,250.
- Outlook: With a total local workforce of 260 Financial Managers, Medford presents a moderately sized, yet specific, employment landscape for this role. The Location Quotient of 0.55 indicates that this profession is less concentrated in Medford compared to the national average, suggesting a potentially less saturated but also less robust demand for specialized financial management talent.
Salary Overview
The average Financial Managers in Medford, OR earns-15.7%below the national average.
$74.8
$2,990
$12,958
Financial Managers Salary Trends (2020-2024)
While specific historical data for Medford's Financial Manager salaries is not provided, it is generally assumed that compensation for such roles has seen consistent growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial expertise typically drive upward salary adjustments across most metropolitan areas.
Financial Managers Salary Distribution in Medford, OR
Salary progression for Financial Managers in Medford, like elsewhere, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and proven leadership can significantly exceed the average. The percentile gaps between junior and senior roles highlight the substantial career growth and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $94,050 | $45.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $116,625 | $56.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,080 | $62.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $194,375 | $93.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $233,250 | $112.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$155,500
Gross Pay
Real Wage (Purchasing Power)
$155,500
Adjusted for COL (100)
The average annual salary of $155,500 in Medford aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in Medford is equivalent to the national average, indicating that while the nominal salary is lower than the national average, the cost of living does not exacerbate this difference.
Job Market Context
260
Total Jobs
2.935
Per 1K Jobs
0.55
Location Quotient
Medford, OR has 0.55x 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 0.55 signifies that Financial Managers are less prevalent in Medford, OR, than the national average. This suggests that the job market might be less competitive, potentially offering more opportunities for skilled professionals to establish themselves. However, it also implies that the demand for these roles may not be as high as in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Grants Pass, OR Financial Managers Salary | $153,380↓ 1% | 25 mi |
Comparing salaries near Medford, OR
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Medford, OR?
The median annual salary for a Financial Managers in Medford, OR is $155,500. This typically ranges from $94,050 for entry-level positions to $233,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Medford, OR is 15.7% lower than the national median of $184,480.
Is Medford, OR a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $155,500 is substantial, it falls below the national average of $184,480. The cost of living being at the national average means the lower salary translates to less purchasing power relative to national benchmarks.
Is Medford, OR a good place to live for Financial Managers?
The Cost of Living Index in Medford, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Medford, OR?
Some top paying nearby cities include Grants Pass, OR ($153,380) and others.
How does Medford's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Medford, OR, is $155,500, which is approximately 15.7% lower than the national average of $184,480.
What is the concentration of Financial Managers in Medford, OR?
The concentration, measured by the Location Quotient, is 0.55, indicating that Financial Managers are less common in Medford relative to the national proportion of the workforce.
How does the cost of living in Medford affect salary perception?
Medford's Cost of Living Index is 100, which is the national average. Therefore, the $155,500 salary in Medford offers purchasing power equivalent to the national average, despite being lower in nominal terms.
What is the total number of Financial Managers employed in Medford, OR?
There are approximately 260 Financial Managers employed in Medford, OR, representing 2.935 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 260 employees in the Medford, OR area with a job density of 2.935 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 Medford, OR