Average Financial Managers Salary in Northwest Colorado nonmetropolitan area
Financial Managers in the Northwest Colorado nonmetropolitan area earn an average annual salary of $166,900. This figure is notably below the national average of $184,480, suggesting that regional economic factors and industry concentration play a significant role in compensation within this specific locale. The unique economic landscape of nonmetropolitan areas often influences salary benchmarks compared to larger urban centers.
Executive Summary
- Average Salary: $166,900 per year.
- Growth Trend: Salaries have shifted 4.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,680.
- Outlook: The job market for Financial Managers in Northwest Colorado nonmetropolitan area, with a total local workforce of 240, indicates a niche presence. The Location Quotient of 0.33 further suggests that this profession is less concentrated here than the national average, implying a potentially stable but not rapidly expanding demand. While the workforce size is modest, the consistent need for financial oversight in businesses ensures ongoing opportunities.
Salary Overview
The average Financial Managers in Northwest Colorado nonmetropolitan area earns-9.5%below the national average.
$80.2
$3,210
$13,908
Financial Managers Salary Trends (2020-2024)
While specific historical data for this 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 national trends. Economic recovery and evolving business needs typically drive increases in demand and compensation for skilled financial professionals, even in less urbanized regions.
Financial Managers Salary Distribution in Northwest Colorado nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise, strategic oversight, and leadership responsibilities will be compensated at the higher end of the spectrum. The percentile gaps in salary data, though not explicitly detailed here, signify the clear career progression and earning potential available to those who advance within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $100,990 | $48.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $125,175 | $60.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $151,530 | $72.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $208,625 | $100.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,680 | $109 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$166,900
Gross Pay
Real Wage (Purchasing Power)
$166,900
Adjusted for COL (100)
The nominal average annual salary of $166,900 in Northwest Colorado nonmetropolitan area is directly comparable to 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 effectively on par with the national average, offering a stable financial environment without the premium often associated with high-cost urban areas.
Job Market Context
240
Total Jobs
1.777
Per 1K Jobs
0.33
Location Quotient
At 0.33x, Northwest Colorado nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.33, the job market for Financial Managers in Northwest Colorado nonmetropolitan area is less concentrated than the national average. This suggests that while opportunities exist, the field is not oversaturated, potentially leading to a more competitive environment for securing positions. Employers may value specialized skills and experience due to the lower prevalence of these professionals in the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Financial Managers Salary | $185,300↑ 11% | 32 mi |
| Denver-Aurora-Centennial, CO Financial Managers Salary | $203,790↑ 22% | 54 mi |
| Pueblo, CO Financial Managers Salary | $159,130↓ 5% | 66 mi |
| Boulder, CO Financial Managers Salary | $203,880↑ 22% | 67 mi |
| Greeley, CO Financial Managers Salary | $192,400↑ 15% | 98 mi |
Comparing salaries near Northwest Colorado nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwest Colorado nonmetropolitan area?
The median annual salary for a Financial Managers in Northwest Colorado nonmetropolitan area is $166,900. This typically ranges from $100,990 for entry-level positions to $226,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Colorado nonmetropolitan area is 9.5% lower than the national median of $184,480.
Is Northwest Colorado nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $166,900 is substantial, it falls below the national average, and the lower concentration of roles suggests less robust market demand. However, the cost of living being at the national average mitigates some of this disparity.
Is Northwest Colorado nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($185,300) and Denver-Aurora-Centennial, CO.
How does the salary compare to the national average?
The average annual salary for Financial Managers in Northwest Colorado nonmetropolitan area is $166,900, which is lower than the national average of $184,480.
What is the cost of living in Northwest Colorado nonmetropolitan area?
The cost of living index in Northwest Colorado nonmetropolitan area is 100, which is exactly the national average.
How concentrated are Financial Manager jobs in this area?
The concentration of Financial Manager jobs, indicated by a Location Quotient of 0.33, is significantly lower than the national average, suggesting fewer specialized roles relative to the national distribution.
What is the total number of Financial Managers in this region?
There are approximately 240 Financial Managers employed in the Northwest Colorado 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 240 employees in the Northwest Colorado nonmetropolitan area area with a job density of 1.777 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 Northwest Colorado nonmetropolitan area