Average Financial Managers Salary in Portland-South Portland, ME
Financial Managers in Portland-South Portland, ME, command an impressive average annual salary of $182,730. This figure is closely aligned with the national average of $184,480, indicating a stable and competitive compensation landscape for finance professionals in this region. The pay reflects the specialized skills and responsibilities inherent in financial management, balanced by the local economic conditions.
Executive Summary
- Average Salary: $182,730 per year.
- Growth Trend: Salaries have shifted 34.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $274,095.
- Outlook: The local workforce for Financial Managers in Portland-South Portland, ME, comprises 1,480 professionals. With a Location Quotient of 0.98, the concentration of these roles is nearly on par with the national average, suggesting a steady demand that aligns with the broader economic needs. The presence of over 5 job openings per 1,000 workers further underscores a robust job market with consistent opportunities for skilled financial managers.
Salary Overview
The average Financial Managers in Portland-South Portland, ME earns-0.9%below the national average.
$87.9
$3,514
$15,228
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Portland-South Portland, ME, have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving financial regulations, and increasing complexity in corporate finance typically drive up demand and compensation for these critical roles.
Financial Managers Salary Distribution in Portland-South Portland, ME
The career trajectory for Financial Managers typically involves significant salary progression. Entry-level positions often start at lower percentiles, while seasoned professionals with extensive experience and specialized expertise can command salaries in the upper percentiles. The widening gap between entry-level and senior roles highlights the substantial earning potential and career advancement opportunities available within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $83,910 | $40.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $137,048 | $65.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $148,790 | $71.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $228,413 | $109.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $274,095 | $131.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$182,730
Gross Pay
Real Wage (Purchasing Power)
$182,730
Adjusted for COL (100)
For Financial Managers relocating to Portland-South Portland, ME, the average annual salary of $182,730 aligns perfectly with the local Cost of Living Index of 100. This means that your nominal earnings will translate directly to purchasing power equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses.
Job Market Context
1,480
Total Jobs
5.219
Per 1K Jobs
0.98
Location Quotient
Portland-South Portland, ME has 0.98x 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 0.98 for Financial Managers in Portland-South Portland, ME, indicates a market that is very close to the national average in terms of job concentration. This suggests a balanced job market where demand for financial expertise is consistent and well-supported by the local economy, without being overly saturated or exceptionally scarce.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lewiston-Auburn, ME Financial Managers Salary | $151,200↓ 17% | 29 mi |
| Central New Hampshire nonmetropolitan area Financial Managers Salary | $148,770↓ 19% | 67 mi |
| Northern New Hampshire nonmetropolitan area Financial Managers Salary | $159,440↓ 13% | 67 mi |
| Southwestern New Hampshire nonmetropolitan area Financial Managers Salary | $142,500↓ 22% | 67 mi |
| Manchester-Nashua, NH Financial Managers Salary | $159,450↓ 13% | 76 mi |
Comparing salaries near Portland-South Portland, ME
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Portland-South Portland, ME?
The median annual salary for a Financial Managers in Portland-South Portland, ME is $182,730. This typically ranges from $83,910 for entry-level positions to $274,095 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 0.9% lower than the national median of $184,480.
Is Portland-South Portland, ME a lucrative place for Financial Managers?
Yes, it offers competitive compensation.Financial Managers in Portland-South Portland, ME, earn an average of $182,730, which is very close to the national average. Coupled with a cost of living that matches the national average, this makes the location financially attractive for the profession.
Is Portland-South Portland, ME a good place to live for Financial Managers?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Lewiston-Auburn, ME ($151,200) and Central New Hampshire nonmetropolitan area.
What is the average salary for a Financial Manager in Portland-South Portland, ME?
The average annual salary for a Financial Manager in Portland-South Portland, ME, is $182,730.
How does the Portland-South Portland, ME salary compare to the national average?
The average salary in Portland-South Portland, ME ($182,730) is slightly below the national average of $184,480, but the difference is minimal.
What is the cost of living in Portland-South Portland, ME for Financial Managers?
The cost of living in Portland-South Portland, ME, is exactly at the national average (100), meaning your salary of $182,730 has average purchasing power.
How concentrated is the Financial Manager job market in Portland-South Portland, ME?
The job market concentration, indicated by a Location Quotient of 0.98, is very close to the national average, suggesting a stable and balanced demand for Financial Managers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,480 employees in the Portland-South Portland, ME area with a job density of 5.219 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 Portland-South Portland, ME