Average Financial Managers Salary in Northern West Virginia nonmetropolitan area
Financial Managers in Northern West Virginia's nonmetropolitan area earn an average annual salary of $101,900. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and industry concentration. The specific pay scale in this area is influenced by the local demand for financial expertise and the overall economic landscape of the nonmetropolitan region.
Executive Summary
- Average Salary: $101,900 per year.
- Growth Trend: Salaries have shifted 0.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,530.
- Outlook: The job market for Financial Managers in Northern West Virginia's nonmetropolitan area, with a total workforce of 440, indicates a moderate presence. The Location Quotient of 0.57 suggests that this profession is less concentrated here compared to the national average, implying a potentially stable but not overly saturated demand for these specialized roles within the local economy.
Salary Overview
The average Financial Managers in Northern West Virginia nonmetropolitan area earns-44.8%below the national average.
$49
$1,960
$8,492
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, and likely within this region, have experienced steady growth over the past four years. This trend is driven by increasing complexity in financial regulations, evolving business needs, and the continuous demand for skilled financial oversight.
Financial Managers Salary Distribution in Northern West Virginia nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise, strategic decision-making, and leadership capabilities will reach the higher end of the pay scale. The percentile gaps in salary distributions clearly signify the career progression opportunities available as one advances through junior, mid-level, and principal financial management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,770 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,425 | $36.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,000 | $43.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $127,375 | $61.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $164,530 | $79.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$101,900
Gross Pay
Real Wage (Purchasing Power)
$101,900
Adjusted for COL (100)
The average annual salary of $101,900 in Northern West Virginia's 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 lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
440
Total Jobs
3.022
Per 1K Jobs
0.57
Location Quotient
Northern West Virginia nonmetropolitan area has 0.57x 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 0.57, the market for Financial Managers in Northern West Virginia's nonmetropolitan area is less concentrated than the national average. This suggests that while there is a demand for these professionals, the competition might be less intense compared to metropolitan hubs, potentially offering good opportunities for skilled individuals entering or established within the local job market.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Financial Managers Salary | $177,360↑ 74% | 25 mi |
| Richmond, VA Financial Managers Salary | $184,340↑ 81% | 41 mi |
| Staunton-Stuarts Draft, VA Financial Managers Salary | $151,120↑ 48% | 56 mi |
| Harrisonburg, VA Financial Managers Salary | $161,880↑ 59% | 60 mi |
| Lynchburg, VA Financial Managers Salary | $159,490↑ 57% | 61 mi |
Comparing salaries near Northern West Virginia nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northern West Virginia nonmetropolitan area?
The median annual salary for a Financial Managers in Northern West Virginia nonmetropolitan area is $101,900. This typically ranges from $47,770 for entry-level positions to $164,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern West Virginia nonmetropolitan area is 44.8% lower than the national median of $184,480.
Is Northern West Virginia nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $101,900 is substantial, it falls significantly below the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Northern West Virginia nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northern West Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern West Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($177,360) and Richmond, VA.
What is the average salary for a Financial Manager in Northern West Virginia?
The average annual salary for a Financial Manager in Northern West Virginia's nonmetropolitan area is $101,900.
How does the salary compare to the national average?
The average salary in Northern West Virginia ($101,900) is considerably lower than the national average of $184,480.
What is the cost of living in Northern West Virginia compared to the national average?
The cost of living in Northern West Virginia's nonmetropolitan area is exactly at the national average, with an index of 100.
How concentrated is the job market for Financial Managers in this region?
The job market is less concentrated than the national average, with a Location Quotient of 0.57, indicating fewer Financial Managers per worker relative to the nation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Northern West Virginia nonmetropolitan area area with a job density of 3.022 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 West Virginia nonmetropolitan area