Average Financial Managers Salary in Northwestern Pennsylvania nonmetropolitan area
Financial Managers in the Northwestern Pennsylvania nonmetropolitan area earn an average annual salary of $119,690. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and industry demand specific to this locale. The concentration of financial management roles in this area, while present, is less than the national benchmark.
Executive Summary
- Average Salary: $119,690 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $185,760.
- Outlook: With a local workforce of 530 Financial Managers and a Location Quotient of 0.66, the job market in Northwestern Pennsylvania's nonmetropolitan areas indicates a moderate but less concentrated presence of these professionals compared to national trends. While the absolute number of jobs per 1,000 workers (3.501) suggests a steady demand, the lower LQ points to a less saturated market, potentially offering opportunities for skilled individuals.
Salary Overview
The average Financial Managers in Northwestern Pennsylvania nonmetropolitan area earns-35.1%below the national average.
$57.5
$2,302
$9,974
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's generally assumed that salaries for Financial Managers across the United States, including nonmetropolitan areas like Northwestern Pennsylvania, have experienced consistent growth over the past four years. This trend is driven by increasing financial complexity, regulatory changes, and the ongoing need for expert financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Northwestern Pennsylvania nonmetropolitan area
Salary progression for Financial Managers in Northwestern Pennsylvania nonmetropolitan areas typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The gap between the 25th and 75th percentiles often signifies the potential for career advancement and increased earning power within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,400 | $31.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,768 | $43.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,940 | $50 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $149,613 | $71.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $185,760 | $89.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$119,690
Gross Pay
Real Wage (Purchasing Power)
$119,690
Adjusted for COL (100)
The average annual salary of $119,690 for Financial Managers in Northwestern Pennsylvania aligns perfectly with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Financial Manager's salary in this region is equivalent to that of their counterparts in the rest of the nation, making it a stable financial environment for relocation.
Job Market Context
530
Total Jobs
3.501
Per 1K Jobs
0.66
Location Quotient
Northwestern Pennsylvania nonmetropolitan area has 0.66x 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 0.66 for Financial Managers in Northwestern Pennsylvania's nonmetropolitan area suggests that this profession is less concentrated here than the national average. This indicates that while the role is present and valued, the market is not oversaturated, potentially offering a competitive edge for qualified candidates seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Financial Managers Salary | $122,940↑ 3% | 9 mi |
| State College, PA Financial Managers Salary | $161,030↑ 35% | 45 mi |
| Elmira, NY Financial Managers Salary | $157,610↑ 32% | 65 mi |
| Harrisburg-Carlisle, PA Financial Managers Salary | $148,160↑ 24% | 66 mi |
| Lebanon, PA Financial Managers Salary | $136,820↑ 14% | 72 mi |
Comparing salaries near Northwestern Pennsylvania nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwestern Pennsylvania nonmetropolitan area?
The median annual salary for a Financial Managers in Northwestern Pennsylvania nonmetropolitan area is $119,690. This typically ranges from $66,400 for entry-level positions to $185,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwestern Pennsylvania nonmetropolitan area is 35.1% lower than the national median of $184,480.
Is Northwestern Pennsylvania nonmetropolitan area a lucrative place for Financial Managers?
No, not when compared to the national average.While the average salary of $119,690 is substantial, it falls significantly below the national average of $184,480. However, the cost of living matching the national average means the salary's purchasing power is equivalent.
Is Northwestern Pennsylvania nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwestern Pennsylvania nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwestern Pennsylvania nonmetropolitan area?
Some top paying nearby cities include Williamsport, PA ($122,940) and State College, PA.
How does the local workforce size affect job prospects?
A local workforce of 530 Financial Managers indicates a stable, albeit not massive, presence of the profession. This suggests consistent demand for skilled individuals within the region.
What does a Location Quotient of 0.66 mean for Financial Managers?
A Location Quotient below 1.0, like 0.66, signifies that Financial Managers are less concentrated in Northwestern Pennsylvania's nonmetropolitan areas compared to the national average. This could mean less competition for roles.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the same as the national average, the $119,690 salary in Northwestern Pennsylvania offers a comparable standard of living to the national average. This means the salary's real value is consistent with national benchmarks.
Are there many Financial Manager jobs per 1,000 workers in this region?
Yes, with 3.501 jobs per 1,000 workers, there is a steady presence of Financial Manager roles relative to the overall workforce in Northwestern Pennsylvania's nonmetropolitan areas.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Northwestern Pennsylvania nonmetropolitan area area with a job density of 3.501 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 Pennsylvania nonmetropolitan area