Financial Managers in the North Northeastern Ohio nonmetropolitan area (noncontiguous) earn an average annual salary of $130,310. This figure is notably below the national average of $184,480, reflecting regional economic factors and a potentially lower demand for highly specialized financial roles compared to urban centers. The unique economic landscape of this nonmetropolitan region influences compensation structures.
Executive Summary
- Average Salary: $130,310 per year.
- Growth Trend: Salaries have shifted 11.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $215,840.
- Outlook: The job market for Financial Managers in this specific nonmetropolitan area appears moderately concentrated, with a total local workforce of 840 individuals. The Location Quotient of 0.63 suggests that Financial Manager roles are less prevalent here than the national average, indicating a potentially stable but not rapidly expanding job market. The number of jobs per 1,000 workers stands at 3.371, providing a baseline understanding of employment opportunities.
Salary Overview
The average Financial Managers in North Northeastern Ohio nonmetropolitan area (noncontiguous) earns-29.4%below the national average.
$62.7
$2,506
$10,859
Financial Managers Salary Trends (2020-2024)
While specific historical data for this niche nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing business complexity, and the evolving demands placed upon financial leadership.
Financial Managers Salary Distribution in North Northeastern Ohio nonmetropolitan area (noncontiguous)
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles, such as Chief Financial Officers or Directors of Finance, will see substantial increases. The percentile gaps in salary data, if available, would clearly signify the career trajectory and earning potential from junior to executive financial management positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,000 | $32.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,733 | $47 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $118,380 | $56.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $162,888 | $78.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $215,840 | $103.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,310
Gross Pay
Real Wage (Purchasing Power)
$130,310
Adjusted for COL (100)
The nominal average annual salary of $130,310 in the North Northeastern Ohio nonmetropolitan area 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, suggesting that while the salary is lower than the national average, the cost of living does not exacerbate the difference.
Job Market Context
840
Total Jobs
3.371
Per 1K Jobs
0.63
Location Quotient
North Northeastern Ohio nonmetropolitan area (noncontiguous) has 0.63x 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.
With a Location Quotient of 0.63, the market for Financial Managers in the North Northeastern Ohio nonmetropolitan area is less concentrated than the national average. This indicates that while opportunities exist, they are not as abundant as in major metropolitan hubs. Professionals in this field may find fewer competing candidates but also potentially fewer specialized roles compared to more densely populated economic centers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Financial Managers Salary | $118,740↓ 9% | 29 mi |
| Columbus, OH Financial Managers Salary | $157,480↑ 21% | 32 mi |
| Springfield, OH Financial Managers Salary | $121,810↓ 7% | 63 mi |
| Sandusky, OH Financial Managers Salary | $126,250↓ 3% | 73 mi |
| Lima, OH Financial Managers Salary | $123,660↓ 5% | 75 mi |
Comparing salaries near North Northeastern Ohio nonmetropolitan area (noncontiguous)
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in North Northeastern Ohio nonmetropolitan area (noncontiguous)?
The median annual salary for a Financial Managers in North Northeastern Ohio nonmetropolitan area (noncontiguous) is $130,310. This typically ranges from $68,000 for entry-level positions to $215,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Northeastern Ohio nonmetropolitan area (noncontiguous) is 29.4% lower than the national median of $184,480.
Is North Northeastern Ohio nonmetropolitan area (noncontiguous) a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $130,310 is substantial, it falls significantly below the national average of $184,480. However, the cost of living is also at the national average, mitigating some of the salary disparity.
Is North Northeastern Ohio nonmetropolitan area (noncontiguous) a good place to live for Financial Managers?
The Cost of Living Index in North Northeastern Ohio nonmetropolitan area (noncontiguous) is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Northeastern Ohio nonmetropolitan area (noncontiguous)?
Some top paying nearby cities include Mansfield, OH ($118,740) and Columbus, OH.
What is the average salary for a Financial Manager in this region?
The average annual salary for a Financial Manager in the North Northeastern Ohio nonmetropolitan area (noncontiguous) is $130,310.
How does the local salary compare to the national average?
The local average salary of $130,310 is considerably lower than the national average of $184,480 for Financial Managers.
What is the Cost of Living Index in this area?
The Cost of Living Index in the North Northeastern Ohio nonmetropolitan area (noncontiguous) is 100, which is equivalent to the national average.
How concentrated is the job market for Financial Managers here?
The job market is less concentrated than the national average, with a Location Quotient of 0.63, suggesting fewer Financial Manager roles relative to the national proportion.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 840 employees in the North Northeastern Ohio nonmetropolitan area (noncontiguous) area with a job density of 3.371 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 North Northeastern Ohio nonmetropolitan area (noncontiguous)