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Average Financial Managers Salary in Morgantown, WV

Financial Managers in Morgantown, WV, can expect an average annual salary of $142,910. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the Morgantown area. While the nominal salary is lower, understanding the local market dynamics is key to evaluating its true value.

Executive Summary

  • Average Salary: $142,910 per year.
  • Growth Trend: Salaries have shifted 29.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $224,230.
  • Outlook: With a local workforce of 280 Financial Managers and a Location Quotient of 0.79, Morgantown exhibits a slightly lower concentration of these professionals compared to the national average. This suggests a stable, albeit not exceptionally high, demand for financial management expertise within the region's economic landscape.
2024 Market Data

Salary Overview

$142,910

The average Financial Managers in Morgantown, WV earns-22.5%below the national average.

BreakdownBased on 40h/week
Hourly

$68.7

Weekly

$2,748

Monthly

$11,909

Financial Managers Salary Distribution in Morgantown, WV

The salary range for Financial Managers in Morgantown, WV, typically widens significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles, reflecting the value of their strategic financial leadership and decision-making capabilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$73,780$35.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$107,183$51.5
ManagerOversees team, compliance, and project delivery.50% (Median)$124,940$60.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$178,638$85.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$224,230$107.8

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$142,910

Gross Pay

Real Wage (Purchasing Power)

$142,910

Adjusted for COL (100)

The average annual salary of $142,910 in Morgantown, WV, 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 Morgantown is equivalent to that of a Financial Manager earning the national average salary in a location with a national average cost of living.

Job Market Context

280

Total Jobs

4.218

Per 1K Jobs

0.79

Location Quotient

Below Average

Morgantown, WV has 0.79x 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 0.79 indicates that Financial Managers are slightly less concentrated in Morgantown, WV, than the national average. This suggests that while the profession is present and valued, the market may not be saturated, potentially offering good opportunities for skilled professionals without intense competition from a surplus of peers.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Wheeling, WV-OH Financial Managers Salary$116,850↓ 18%50 mi
Pittsburgh, PA Financial Managers Salary$153,570↑ 7%55 mi
Weirton-Steubenville, WV-OH Financial Managers Salary$112,280↓ 21%62 mi
Johnstown, PA Financial Managers Salary$116,170↓ 19%72 mi
Parkersburg-Vienna, WV Financial Managers Salary$143,290↑ 0%89 mi

Comparing salaries near Morgantown, WV

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Morgantown, WV?

The median annual salary for a Financial Managers in Morgantown, WV is $142,910. This typically ranges from $73,780 for entry-level positions to $224,230 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Morgantown, WV is 22.5% lower than the national median of $184,480.

Is Morgantown, WV a lucrative place for Financial Managers?

Moderately lucrative, with a balanced cost of living.The average salary of $142,910 is below the national average, but the cost of living is also at the national average, making the effective purchasing power comparable. The market concentration is slightly below average, indicating stable demand.

Is Morgantown, WV a good place to live for Financial Managers?

The Cost of Living Index in Morgantown, WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Morgantown, WV?

Some top paying nearby cities include Wheeling, WV-OH ($116,850) and Pittsburgh, PA.

How does Morgantown's Financial Manager salary compare to the national average?

The average salary for Financial Managers in Morgantown, WV, is $142,910, which is lower than the national average of $184,480.

What is the cost of living in Morgantown, WV for Financial Managers?

Morgantown, WV, has a cost of living index of 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical US city.

How concentrated is the Financial Manager job market in Morgantown, WV?

The concentration, measured by the Location Quotient, is 0.79, indicating that Financial Managers are slightly less prevalent in Morgantown compared to the national average.

How many Financial Managers are there in Morgantown, WV?

There are approximately 280 Financial Managers employed in the Morgantown, WV workforce.

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 Morgantown, WV area with a job density of 4.218 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Morgantown, WV