Average Financial Managers Salary in Northwestern Idaho nonmetropolitan area
Financial Managers in Northwestern Idaho's nonmetropolitan area earn an average annual salary of $127,560. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and the overall economic scale of the area contribute to this localized pay differential.
Executive Summary
- Average Salary: $127,560 per year.
- Growth Trend: Salaries have shifted 51.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $193,890.
- Outlook: The financial management sector in Northwestern Idaho's nonmetropolitan area comprises a workforce of 210 professionals. With a Location Quotient of 0.52, the concentration of these roles is below the national average, suggesting a less saturated market compared to national benchmarks. While the absolute number of professionals is modest, the demand, indicated by 2.772 jobs per 1,000 workers, warrants careful consideration for career planning.
Salary Overview
The average Financial Managers in Northwestern Idaho nonmetropolitan area earns-30.9%below the national average.
$61.3
$2,453
$10,630
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 growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive upward adjustments in compensation, even in more localized markets. Continued professional development and adaptation to new financial technologies are likely to sustain this positive salary trajectory.
Financial Managers Salary Distribution in Northwestern Idaho nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles, often represented by percentile differences, clearly signifies substantial career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,430 | $35.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,670 | $46 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $115,240 | $55.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $159,450 | $76.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $193,890 | $93.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$127,560
Gross Pay
Real Wage (Purchasing Power)
$127,560
Adjusted for COL (100)
The average nominal salary of $127,560 in Northwestern Idaho'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 that of someone earning the national average salary in a location with average living expenses. Therefore, the stated salary offers a standard of living comparable to the national median, without the premium often associated with higher cost-of-living areas.
Job Market Context
210
Total Jobs
2.772
Per 1K Jobs
0.52
Location Quotient
Northwestern Idaho nonmetropolitan area has 0.52x 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 0.52 indicates that Financial Manager roles are less concentrated in Northwestern Idaho's nonmetropolitan area compared to the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals vying for positions. However, it also implies that the demand for these specialized skills might be more niche, requiring a targeted approach for job seekers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Boise City, ID Financial Managers Salary | $142,370↑ 12% | 96 mi |
Comparing salaries near Northwestern Idaho nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwestern Idaho nonmetropolitan area?
The median annual salary for a Financial Managers in Northwestern Idaho nonmetropolitan area is $127,560. This typically ranges from $74,430 for entry-level positions to $193,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwestern Idaho nonmetropolitan area is 30.9% lower than the national median of $184,480.
Is Northwestern Idaho nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $127,560 is substantial, it falls significantly below the national average of $184,480. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.
Is Northwestern Idaho nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwestern Idaho nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwestern Idaho nonmetropolitan area?
Some top paying nearby cities include Boise City, ID ($142,370) and others.
How does the Financial Manager salary in Northwestern Idaho compare to the national average?
The average annual salary for Financial Managers in Northwestern Idaho is $127,560, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in Northwestern Idaho?
The concentration of Financial Managers in Northwestern Idaho is below the national average, with a Location Quotient of 0.52, indicating fewer professionals relative to the national proportion.
How does the cost of living affect the Financial Manager salary in this region?
The Cost of Living Index in Northwestern Idaho is 100, which is the national average. This means the $127,560 salary offers purchasing power equivalent to the national median, despite being below the national average salary.
What is the total number of Financial Managers in Northwestern Idaho?
There are approximately 210 Financial Managers employed in the Northwestern Idaho 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 210 employees in the Northwestern Idaho nonmetropolitan area area with a job density of 2.772 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 Northwestern Idaho nonmetropolitan area