Average Financial Managers Salary in Milwaukee-Waukesha, WI
Financial Managers in the Milwaukee-Waukesha, WI area earn an average annual salary of $163,510. This figure is notably below the national average of $184,480, suggesting localized economic factors or industry specific demands influence compensation. The specific economic landscape and industry concentration within Milwaukee-Waukesha play a crucial role in shaping this salary benchmark.
Executive Summary
- Average Salary: $163,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $245,265.
- Outlook: The Milwaukee-Waukesha area supports a robust workforce of 4,690 Financial Managers, indicating a significant presence in the local economy. With a Location Quotient of 1.08, the concentration of these roles is slightly above the national average, suggesting a healthy demand and a stable job market for financial leadership professionals in the region.
Salary Overview
The average Financial Managers in Milwaukee-Waukesha, WI earns-11.4%below the national average.
$78.6
$3,144
$13,626
Financial Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Financial Managers in Milwaukee-Waukesha have experienced steady growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial expertise typically drive upward salary adjustments in this sector.
Financial Managers Salary Distribution in Milwaukee-Waukesha, WI
Career progression significantly impacts earnings for Financial Managers. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and specialized skills command salaries in the higher percentiles. The widening gap between entry-level and senior roles 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) | $88,310 | $42.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,633 | $59 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $154,540 | $74.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,388 | $98.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $245,265 | $117.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$163,510
Gross Pay
Real Wage (Purchasing Power)
$163,510
Adjusted for COL (100)
The average annual salary of $163,510 for Financial Managers in Milwaukee-Waukesha 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 region is equivalent to the national average, offering a stable financial environment without significant cost-of-living adjustments.
Job Market Context
4,690
Total Jobs
5.719
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Milwaukee-Waukesha, WI has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A Location Quotient of 1.08 signifies that Financial Managers are slightly more concentrated in Milwaukee-Waukesha than the national average. This suggests a competitive yet accessible job market, where the demand for these professionals is robust and potentially growing, offering good opportunities for both new entrants and experienced individuals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Financial Managers Salary | $151,840↓ 7% | 25 mi |
| Kenosha, WI Financial Managers Salary | $153,330↓ 6% | 33 mi |
| Sheboygan, WI Financial Managers Salary | $163,600↑ 0% | 48 mi |
| Fond du Lac, WI Financial Managers Salary | $143,560↓ 12% | 54 mi |
| Janesville-Beloit, WI Financial Managers Salary | $156,050↓ 5% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Milwaukee-Waukesha, WI?
The median annual salary for a Financial Managers in Milwaukee-Waukesha, WI is $163,510. This typically ranges from $88,310 for entry-level positions to $245,265 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 11.4% lower than the national median of $184,480.
Is Milwaukee-Waukesha, WI a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $163,510 is below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The slightly above-average concentration of roles indicates a healthy market.
Is Milwaukee-Waukesha, WI a good place to live for Financial Managers?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($151,840) and Kenosha, WI.
How does experience affect a Financial Manager's salary in Milwaukee-Waukesha?
Experience is a key driver of salary. Entry-level Financial Managers will earn less, while those with several years of experience and specialized skills can expect to earn significantly more, often reaching into the higher salary percentiles.
What is the cost of living in Milwaukee-Waukesha compared to the national average?
The Cost of Living Index for Milwaukee-Waukesha is 100, which is exactly the national average. This means that, on average, goods and services cost the same as they do nationwide.
Is the job market for Financial Managers strong in Milwaukee-Waukesha?
Yes, the market appears strong. The total local workforce of 4,690 and a Location Quotient of 1.08 indicate a significant and slightly above-average concentration of Financial Manager roles.
How does the average Financial Manager salary in Milwaukee-Waukesha compare to the national average?
The average salary of $163,510 in Milwaukee-Waukesha is below the national average of $184,480. However, this is offset by the local cost of living being at the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,690 employees in the Milwaukee-Waukesha, WI area with a job density of 5.719 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 Milwaukee-Waukesha, WI