Average Financial Managers Salary in Racine-Mount Pleasant, WI
Financial Managers in Racine-Mount Pleasant, WI, command an average annual salary of $151,840. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower demand or different industry mix influence compensation in this specific region. The economic landscape of Racine-Mount Pleasant shapes the earning potential for these crucial finance professionals.
Executive Summary
- Average Salary: $151,840 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,740.
- Outlook: With a local workforce of 270 Financial Managers and a Location Quotient of 0.67, the job market in Racine-Mount Pleasant indicates a slightly lower concentration of these roles compared to the national average. While not indicating a scarcity, this suggests a moderate demand for financial management expertise within the area's economic structure. The presence of 3.575 jobs per 1,000 workers further supports a stable, albeit not exceptionally robust, employment landscape for this profession.
Salary Overview
The average Financial Managers in Racine-Mount Pleasant, WI earns-17.7%below the national average.
$73
$2,920
$12,653
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Racine-Mount Pleasant have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing complexity in financial operations typically drive upward pressure on compensation for skilled professionals in this field, even in localized markets.
Financial Managers Salary Distribution in Racine-Mount Pleasant, WI
The salary trajectory for Financial Managers in Racine-Mount Pleasant, like elsewhere, is significantly influenced by experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience in strategic financial planning, risk management, and team leadership can expect to earn considerably more. The percentile gaps in salary distribution reflect these progression opportunities, rewarding accumulated expertise and demonstrated success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $75,670 | $36.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,880 | $54.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $133,920 | $64.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,800 | $91.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,740 | $108 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,840
Gross Pay
Real Wage (Purchasing Power)
$151,840
Adjusted for COL (100)
The average annual salary of $151,840 in Racine-Mount Pleasant 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 area is equivalent to the national standard. While the nominal salary is below the national average for the role, the neutral cost of living suggests that the take-home pay offers comparable economic stability to that experienced by Financial Managers in higher-cost or lower-cost regions.
Job Market Context
270
Total Jobs
3.575
Per 1K Jobs
0.67
Location Quotient
Racine-Mount Pleasant, WI has 0.67x 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 0.67 signifies that Financial Managers are less concentrated in Racine-Mount Pleasant, WI, than the national average. This suggests that while the profession is present and necessary, it is not a dominant industry hub. Consequently, the job market may offer fewer opportunities compared to more concentrated areas, but professionals with specialized skills could find a competitive edge in this less saturated environment.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Financial Managers Salary | $153,330↑ 1% | 10 mi |
| Milwaukee-Waukesha, WI Financial Managers Salary | $163,510↑ 8% | 25 mi |
| Chicago-Naperville-Elgin, IL-IN Financial Managers Salary | $183,690↑ 21% | 59 mi |
| Janesville-Beloit, WI Financial Managers Salary | $156,050↑ 3% | 61 mi |
| Sheboygan, WI Financial Managers Salary | $163,600↑ 8% | 70 mi |
Comparing salaries near Racine-Mount Pleasant, WI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Racine-Mount Pleasant, WI?
The median annual salary for a Financial Managers in Racine-Mount Pleasant, WI is $151,840. This typically ranges from $75,670 for entry-level positions to $224,740 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Racine-Mount Pleasant, WI is 17.7% lower than the national median of $184,480.
Is Racine-Mount Pleasant, WI a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $151,840 is substantial, it falls below the national average of $184,480 for Financial Managers. However, the cost of living being at the national average helps mitigate this difference in purchasing power.
Is Racine-Mount Pleasant, WI a good place to live for Financial Managers?
The Cost of Living Index in Racine-Mount Pleasant, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Racine-Mount Pleasant, WI?
Some top paying nearby cities include Kenosha, WI ($153,330) and Milwaukee-Waukesha, WI.
How does the Racine-Mount Pleasant salary compare to the national average?
The average salary for Financial Managers in Racine-Mount Pleasant, WI is $151,840, which is lower than the national average of $184,480.
What is the cost of living in Racine-Mount Pleasant, WI?
The cost of living in Racine-Mount Pleasant, WI is at the national average, with an index of 100.
How concentrated are Financial Manager roles in Racine-Mount Pleasant?
Financial Manager roles are less concentrated in Racine-Mount Pleasant than the national average, indicated by a Location Quotient of 0.67.
What is the total number of Financial Managers in Racine-Mount Pleasant?
There are approximately 270 Financial Managers working in the Racine-Mount Pleasant, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Racine-Mount Pleasant, WI area with a job density of 3.575 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 Racine-Mount Pleasant, WI