Average Financial Managers Salary in North Port-Bradenton-Sarasota, FL
Financial Managers in the North Port-Bradenton-Sarasota, FL area earn an average annual salary of $160,290. This figure is notably below the national average of $184,480, suggesting regional economic factors or a different market dynamic are at play. The specific compensation in this locale is influenced by the concentration of financial services, demand from local industries, and the overall economic health of the region.
Executive Summary
- Average Salary: $160,290 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,435.
- Outlook: With a local workforce of 1,060 Financial Managers, the job market in North Port-Bradenton-Sarasota, FL, indicates a moderate presence. The Location Quotient of 0.59 signifies that this profession is less concentrated here compared to the national average, suggesting that while opportunities exist, the field is not as saturated as in other major metropolitan areas. This could translate to a stable, albeit not rapidly expanding, job market for skilled professionals.
Salary Overview
The average Financial Managers in North Port-Bradenton-Sarasota, FL earns-13.1%below the national average.
$77.1
$3,083
$13,358
Financial Managers Salary Trends (2020-2024)
While specific historical data for the North Port-Bradenton-Sarasota, FL area is not provided, it is reasonable to assume a general upward trend in Financial Manager salaries over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for sophisticated financial oversight typically drive salary increases for experienced professionals in this field.
Financial Managers Salary Distribution in North Port-Bradenton-Sarasota, FL
Salary progression for Financial Managers is strongly tied to experience and specialization. Entry-level positions typically command salaries at the lower end of the pay scale, while senior roles, such as Chief Financial Officer or Director of Finance, can significantly exceed the average. The percentile gaps in compensation reflect the increasing responsibility, strategic input, and demonstrated value that experienced professionals bring to an organization, signifying clear career advancement pathways.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,020 | $32.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,218 | $57.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $137,320 | $66 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,363 | $96.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,435 | $115.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,290
Gross Pay
Real Wage (Purchasing Power)
$160,290
Adjusted for COL (100)
The average annual salary of $160,290 in North Port-Bradenton-Sarasota, FL, 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 the premium often associated with higher cost-of-living areas.
Job Market Context
1,060
Total Jobs
3.156
Per 1K Jobs
0.59
Location Quotient
North Port-Bradenton-Sarasota, FL has 0.59x 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.
The Location Quotient of 0.59 for Financial Managers in North Port-Bradenton-Sarasota, FL, indicates a lower concentration of these roles compared to the national average. This suggests that the job market is less competitive in terms of the sheer number of available professionals, potentially offering a favorable environment for those seeking employment or career advancement. However, it also implies that the demand might be more specialized or tied to specific local industries.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Punta Gorda, FL Financial Managers Salary | $150,260↓ 6% | 14 mi |
| Cape Coral-Fort Myers, FL Financial Managers Salary | $170,560↑ 6% | 31 mi |
| Sebring, FL Financial Managers Salary | $128,080↓ 20% | 54 mi |
| North Florida nonmetropolitan area Financial Managers Salary | $123,560↓ 23% | 58 mi |
| South Florida nonmetropolitan area Financial Managers Salary | $144,220↓ 10% | 58 mi |
Comparing salaries near North Port-Bradenton-Sarasota, FL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in North Port-Bradenton-Sarasota, FL?
The median annual salary for a Financial Managers in North Port-Bradenton-Sarasota, FL is $160,290. This typically ranges from $68,020 for entry-level positions to $240,435 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Port-Bradenton-Sarasota, FL is 13.1% lower than the national median of $184,480.
Is North Port-Bradenton-Sarasota, FL a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $160,290 is substantial, it falls below the national average of $184,480. However, the cost of living is at the national average, meaning the salary's purchasing power is comparable nationally.
Is North Port-Bradenton-Sarasota, FL a good place to live for Financial Managers?
The Cost of Living Index in North Port-Bradenton-Sarasota, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Port-Bradenton-Sarasota, FL?
Some top paying nearby cities include Punta Gorda, FL ($150,260) and Cape Coral-Fort Myers, FL.
How does the local workforce size affect job opportunities?
A local workforce of 1,060 Financial Managers suggests a moderate-sized professional community. While not as large as major metropolitan hubs, it indicates a consistent demand for financial expertise within the region's businesses.
What does a Location Quotient of 0.59 mean for Financial Managers?
A Location Quotient of 0.59 means Financial Managers are less concentrated in North Port-Bradenton-Sarasota, FL, than the national average. This could imply fewer job openings but potentially less competition for those roles.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $160,290 salary has the same purchasing power as the national average. This means your earnings will stretch as far in North Port-Bradenton-Sarasota, FL, as they would on average across the country.
What are the typical career paths for Financial Managers?
Career paths often involve progressing from junior analyst roles to senior financial analyst, controller, finance manager, and ultimately to executive positions like CFO, with corresponding increases in salary and responsibility.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,060 employees in the North Port-Bradenton-Sarasota, FL area with a job density of 3.156 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in North Port-Bradenton-Sarasota, FL
- All Occupations Salary in North Port-Bradenton-Sarasota, FL
- Food Preparation and Serving Related Occupations Salary in North Port-Bradenton-Sarasota, FL
- Office and Administrative Support Occupations Salary in North Port-Bradenton-Sarasota, FL
- Sales and Related Occupations Salary in North Port-Bradenton-Sarasota, FL
- Transportation and Material Moving Occupations Salary in North Port-Bradenton-Sarasota, FL
- Healthcare Practitioners and Technical Occupations Salary in North Port-Bradenton-Sarasota, FL
- Management Occupations Salary in North Port-Bradenton-Sarasota, FL
- Construction and Extraction Occupations Salary in North Port-Bradenton-Sarasota, FL
- Business and Financial Operations Occupations Salary in North Port-Bradenton-Sarasota, FL
- Installation, Maintenance, and Repair Occupations Salary in North Port-Bradenton-Sarasota, FL
- Browse All Jobs in North Port-Bradenton-Sarasota, FL →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in North Port-Bradenton-Sarasota, FL