Average Financial Managers Salary in Northeast Maine nonmetropolitan area
Financial Managers in the Northeast Maine nonmetropolitan area earn an average annual salary of $143,480. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. The lower compensation is often influenced by factors such as the local cost of living, industry concentration, and the overall size of the professional talent pool.
Executive Summary
- Average Salary: $143,480 per year.
- Growth Trend: Salaries have shifted 42.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $215,220.
- Outlook: The job market for Financial Managers in Northeast Maine nonmetropolitan area, with a total workforce of 230 professionals, indicates a stable but not rapidly expanding sector. The Location Quotient of 0.69 suggests that this area has a slightly lower concentration of Financial Managers compared to the national average, implying a moderate demand that aligns with the available workforce size.
Salary Overview
The average Financial Managers in Northeast Maine nonmetropolitan area earns-22.2%below the national average.
$69
$2,759
$11,957
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 across the nation have seen consistent growth over the past four years, driven by inflation and increasing demand for financial expertise. This trend likely extends to Northeast Maine, albeit potentially at a more moderate pace compared to major metropolitan hubs.
Financial Managers Salary Distribution in Northeast Maine nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more, potentially reaching into the upper percentiles. The widening gap between entry-level and senior roles highlights the career advancement opportunities and increased earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,060 | $35.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,610 | $51.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $124,990 | $60.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $179,350 | $86.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $215,220 | $103.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$143,480
Gross Pay
Real Wage (Purchasing Power)
$143,480
Adjusted for COL (100)
The average annual salary of $143,480 in Northeast Maine 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, offering a balanced financial standing relative to living expenses.
Job Market Context
230
Total Jobs
3.672
Per 1K Jobs
0.69
Location Quotient
Northeast Maine nonmetropolitan area has 0.69x 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 0.69, Northeast Maine nonmetropolitan area exhibits a lower concentration of Financial Managers than the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled professionals to establish themselves, though the overall demand might be more limited compared to areas with a higher quotient.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Financial Managers Salary | $149,400↑ 4% | 31 mi |
| Lewiston-Auburn, ME Financial Managers Salary | $151,200↑ 5% | 57 mi |
| Portland-South Portland, ME Financial Managers Salary | $182,730↑ 27% | 83 mi |
Comparing salaries near Northeast Maine nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Maine nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Maine nonmetropolitan area is $143,480. This typically ranges from $73,060 for entry-level positions to $215,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Maine nonmetropolitan area is 22.2% lower than the national median of $184,480.
Is Northeast Maine nonmetropolitan area a lucrative place for Financial Managers?
No, it is not considered highly lucrative compared to national averages.While the average salary of $143,480 is substantial, it falls below the national average of $184,480, indicating less lucrative compensation in this specific region.
Is Northeast Maine nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($149,400) and Lewiston-Auburn, ME.
How does the cost of living in Northeast Maine nonmetropolitan area compare nationally?
The cost of living in Northeast Maine nonmetropolitan area is exactly at the national average, with an index of 100, meaning expenses for goods, services, and housing are comparable to the national benchmark.
What is the concentration of Financial Managers in this region?
The concentration of Financial Managers in Northeast Maine nonmetropolitan area is below the national average, indicated by a Location Quotient of 0.69.
How many Financial Managers are employed in Northeast Maine nonmetropolitan area?
There are approximately 230 Financial Managers employed in the Northeast Maine nonmetropolitan area.
What is the job density for Financial Managers in this area?
Financial Managers are present at a rate of 3.672 jobs per 1,000 workers in Northeast Maine nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Northeast Maine nonmetropolitan area area with a job density of 3.672 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 Northeast Maine nonmetropolitan area