Average Financial Managers Salary in Olympia-Lacey-Tumwater, WA
Financial Managers in the Olympia-Lacey-Tumwater, WA area earn an average annual salary of $151,070. This figure is notably below the national average of $184,480, suggesting that while the role is present, local economic factors or industry concentration may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $151,070 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,210.
- Outlook: The local job market for Financial Managers in Olympia-Lacey-Tumwater, WA, shows a steady presence with a total workforce of 700 individuals in this role. The Location Quotient of 1.04 indicates a concentration of Financial Managers that is slightly above the national average, suggesting a stable, albeit not exceptionally high, demand for these professionals within the region.
Salary Overview
The average Financial Managers in Olympia-Lacey-Tumwater, WA earns-18.1%below the national average.
$72.6
$2,905
$12,589
Financial Managers Salary Trends (2020-2024)
While specific historical data for the Olympia-Lacey-Tumwater area is not provided, it's generally assumed that salaries for Financial Managers have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by increasing complexity in financial regulations, evolving business needs, and a persistent demand for skilled financial oversight across various industries.
Financial Managers Salary Distribution in Olympia-Lacey-Tumwater, WA
Salary progression for Financial Managers is strongly tied to experience and responsibility. Entry-level positions typically start at the lower end of the pay scale, while senior roles, such as Chief Financial Officers or Directors of Finance, command significantly higher compensation. The percentile gaps in salary distribution reflect this career trajectory, with experienced professionals occupying the higher earning brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $102,660 | $49.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,303 | $54.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $135,080 | $64.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $188,838 | $90.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,210 | $105.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,070
Gross Pay
Real Wage (Purchasing Power)
$151,070
Adjusted for COL (100)
The average annual salary of $151,070 in Olympia-Lacey-Tumwater, WA, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Financial Manager's salary in this region is comparable to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
700
Total Jobs
5.534
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Olympia-Lacey-Tumwater, WA has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
With a Location Quotient of 1.04, the Olympia-Lacey-Tumwater, WA market exhibits a slightly higher concentration of Financial Managers than the national average. This suggests a healthy, well-established demand for these roles within the local economy, indicating a competitive but accessible job market for qualified professionals seeking opportunities in the area.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Financial Managers Salary | $167,180↑ 11% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Financial Managers Salary | $201,110↑ 33% | 47 mi |
| Longview-Kelso, WA Financial Managers Salary | $166,550↑ 10% | 62 mi |
| Western Washington nonmetropolitan area Financial Managers Salary | $168,850↑ 12% | 70 mi |
| Eastern Washington nonmetropolitan area Financial Managers Salary | $157,350↑ 4% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Financial Managers in Olympia-Lacey-Tumwater, WA is $151,070. This typically ranges from $102,660 for entry-level positions to $220,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 18.1% lower than the national median of $184,480.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Financial Managers?
Moderately. While the average salary is below the national average, the cost of living is also at the national average.The average salary of $151,070 is below the national average, but the cost of living index of 100 means your earnings have comparable purchasing power to the rest of the country.
Is Olympia-Lacey-Tumwater, WA a good place to live for Financial Managers?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($167,180) and Seattle-Tacoma-Bellevue, WA.
How does the local salary compare to the national average?
The average salary for Financial Managers in Olympia-Lacey-Tumwater, WA is $151,070, which is lower than the national average of $184,480.
What is the concentration of Financial Managers in this area?
The Location Quotient is 1.04, indicating a slightly higher concentration of Financial Managers in Olympia-Lacey-Tumwater, WA compared to the national average.
How does the cost of living affect the salary?
The cost of living in Olympia-Lacey-Tumwater, WA is 100, which is the national average. This means the $151,070 salary has purchasing power equivalent to the national average.
What is the total number of Financial Managers in the local workforce?
There are approximately 700 Financial Managers employed in the Olympia-Lacey-Tumwater, WA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 700 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 5.534 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 Olympia-Lacey-Tumwater, WA