Average Financial Managers Salary in Northern New Hampshire nonmetropolitan area
Financial Managers in the Northern New Hampshire nonmetropolitan area earn an average annual salary of $159,440. This figure is notably below the national average of $184,480, reflecting the unique economic dynamics and potentially lower demand for highly specialized financial roles in more rural settings. The compensation is influenced by the specific industry mix and the overall economic scale of the region.
Executive Summary
- Average Salary: $159,440 per year.
- Growth Trend: Salaries have shifted 71.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $239,160.
- Outlook: With a local workforce of 370 Financial Managers and a Location Quotient of 0.84, the job market in Northern New Hampshire indicates a slightly lower concentration of these professionals compared to the national average. While not indicating a shortage, this suggests a stable, albeit less dense, demand for financial management expertise within the region's economic landscape.
Salary Overview
The average Financial Managers in Northern New Hampshire nonmetropolitan area earns-13.6%below the national average.
$76.7
$3,066
$13,287
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers across the nation, including in regions like Northern New Hampshire, have experienced steady growth over the past four years. This trend is driven by inflation, increasing complexity in financial regulations, and the persistent need for skilled financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Northern New Hampshire nonmetropolitan area
Career progression for Financial Managers typically involves a significant salary increase with experience. Entry-level positions might start considerably lower than the average, while senior roles, such as Chief Financial Officer or VP of Finance, command salaries well above $159,440. The percentile gaps in salary data clearly signify the substantial earning potential associated with advancing through the ranks and accumulating specialized expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,320 | $36.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,580 | $57.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,580 | $62.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,300 | $95.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $239,160 | $115 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$159,440
Gross Pay
Real Wage (Purchasing Power)
$159,440
Adjusted for COL (100)
The average annual salary of $159,440 in Northern New Hampshire 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 nominal pay is lower than the national average, it is balanced by the local cost of living.
Job Market Context
370
Total Jobs
4.443
Per 1K Jobs
0.84
Location Quotient
Northern New Hampshire nonmetropolitan area has 0.84x 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 0.84 signifies that Financial Managers are slightly less concentrated in Northern New Hampshire's nonmetropolitan area than the national average. This suggests a moderately competitive market where demand is present but not overwhelmingly high, offering potential opportunities for skilled professionals without the intense competition found in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Manchester-Nashua, NH Financial Managers Salary | $159,450↑ 0% | 33 mi |
| Portland-South Portland, ME Financial Managers Salary | $182,730↑ 15% | 67 mi |
| Northern Vermont nonmetropolitan area Financial Managers Salary | $144,750↓ 9% | 70 mi |
| Southern Vermont nonmetropolitan area Financial Managers Salary | $130,870↓ 18% | 70 mi |
| Boston-Cambridge-Newton, MA-NH Financial Managers Salary | $209,520↑ 31% | 82 mi |
Comparing salaries near Northern New Hampshire nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northern New Hampshire nonmetropolitan area?
The median annual salary for a Financial Managers in Northern New Hampshire nonmetropolitan area is $159,440. This typically ranges from $76,320 for entry-level positions to $239,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Hampshire nonmetropolitan area is 13.6% lower than the national median of $184,480.
Is Northern New Hampshire nonmetropolitan area a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to national averages.While the average salary of $159,440 is substantial, it falls below the national average of $184,480, indicating less lucrative compensation. However, the balanced Cost of Living Index of 100 ensures the salary's purchasing power is on par with the national average.
Is Northern New Hampshire nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northern New Hampshire nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Hampshire nonmetropolitan area?
Some top paying nearby cities include Manchester-Nashua, NH ($159,450) and Portland-South Portland, ME.
How does the local workforce size affect job opportunities?
A local workforce of 370 Financial Managers suggests a niche market. While this indicates fewer opportunities than in larger metropolitan areas, it also implies less competition for available roles.
What does a Location Quotient of 0.84 mean for job seekers?
A Location Quotient below 1.0 means the occupation is less common in this area than the national average. For Financial Managers, this suggests a stable but not booming job market, with opportunities likely tied to the specific needs of local industries.
How does the Cost of Living impact the $159,440 salary?
With a Cost of Living Index of 100, the $159,440 salary offers the same purchasing power as the national average. This means that despite being lower than the national salary average, the income effectively covers living expenses comparably.
Are there many Financial Manager jobs per 1,000 workers in this area?
With 4.443 jobs per 1,000 workers, the density of Financial Manager roles is slightly below the national average, reinforcing the idea of a stable but not overly saturated job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Northern New Hampshire nonmetropolitan area area with a job density of 4.443 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 Northern New Hampshire nonmetropolitan area