Average Financial Managers Salary in Reading, PA
Financial Managers in Reading, PA, command an average annual salary of $148,930. This figure is notably below the national average of $184,480, reflecting a localized compensation structure influenced by regional economic factors and industry demand within Pennsylvania. While the nominal salary is lower than the national benchmark, its purchasing power is maintained by a cost of living that aligns perfectly with the national average.
Executive Summary
- Average Salary: $148,930 per year.
- Growth Trend: Salaries have shifted 6.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,050.
- Outlook: The job market for Financial Managers in Reading, PA, appears stable with a local workforce of 770 individuals. The Location Quotient of 0.85 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate but not saturated demand. With 4.518 jobs per 1,000 workers, the presence of these positions is consistent, pointing towards a steady employment landscape for finance professionals in the area.
Salary Overview
The average Financial Managers in Reading, PA earns-19.3%below the national average.
$71.6
$2,864
$12,411
Financial Managers Salary Trends (2020-2024)
While specific historical data for Reading, PA, is not provided, it is reasonable to assume that salaries for Financial Managers have experienced a general upward trend over the past four years, mirroring national economic growth and inflation. 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 Reading, PA
Salary progression for Financial Managers in Reading, PA, is strongly correlated with experience and expertise. Entry-level positions typically fall within the lower percentiles of the $148,930 average, while senior roles, those with extensive experience and specialized skills, command salaries in the higher percentiles. The gap between entry-level and senior compensation serves as a clear indicator of career advancement opportunities and the value placed on seasoned financial leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,570 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $111,698 | $53.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,210 | $63.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $186,163 | $89.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,050 | $107.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$148,930
Gross Pay
Real Wage (Purchasing Power)
$148,930
Adjusted for COL (100)
The average annual salary of $148,930 for Financial Managers in Reading, PA, offers excellent purchasing power, as the local Cost of Living Index is precisely 100, matching the national average. This means that the salary earned in Reading provides a lifestyle equivalent to the national standard, without the added financial strain of a higher cost of living often associated with major metropolitan areas.
Job Market Context
770
Total Jobs
4.518
Per 1K Jobs
0.85
Location Quotient
Reading, PA has 0.85x 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.
With a Location Quotient of 0.85, the job market for Financial Managers in Reading, PA, is neither overly saturated nor exceptionally scarce. This suggests a balanced environment where opportunities exist, but professionals may face moderate competition. The concentration being slightly below the national average implies that while the demand is present, it may not be as robust as in larger financial hubs, requiring a strategic approach to job seeking.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lebanon, PA Financial Managers Salary | $136,820↓ 8% | 26 mi |
| Lancaster, PA Financial Managers Salary | $144,010↓ 3% | 29 mi |
| Allentown-Bethlehem-Easton, PA-NJ Financial Managers Salary | $155,790↑ 5% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Managers Salary | $177,520↑ 19% | 48 mi |
| York-Hanover, PA Financial Managers Salary | $148,060↓ 1% | 50 mi |
Comparing salaries near Reading, PA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Reading, PA?
The median annual salary for a Financial Managers in Reading, PA is $148,930. This typically ranges from $79,570 for entry-level positions to $224,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reading, PA is 19.3% lower than the national median of $184,480.
Is Reading, PA a lucrative place for Financial Managers?
Yes, it offers strong purchasing power.While the average salary of $148,930 is below the national average, Reading, PA, offers a lucrative environment due to its cost of living matching the national average. This alignment ensures that the earned income provides a standard of living equivalent to the national benchmark.
Is Reading, PA a good place to live for Financial Managers?
The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reading, PA?
Some top paying nearby cities include Lebanon, PA ($136,820) and Lancaster, PA.
How does the Financial Manager salary in Reading, PA compare to the national average?
The average salary for Financial Managers in Reading, PA, is $148,930, which is lower than the national average of $184,480. This difference is a common occurrence in localized salary data and is influenced by regional economic factors.
What is the concentration of Financial Managers in Reading, PA?
The concentration of Financial Managers in Reading, PA, is indicated by a Location Quotient of 0.85. This suggests that the proportion of Financial Managers in the local workforce is slightly lower than the national average.
How does the cost of living in Reading, PA affect salary perception?
The cost of living in Reading, PA, is exactly at the national average (index of 100). This means that the average salary of $148,930 holds its purchasing power effectively, providing a standard of living comparable to the national average.
What is the total number of Financial Managers in Reading, PA?
There are approximately 770 Financial Managers employed in Reading, PA, contributing to the local workforce and economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 770 employees in the Reading, PA area with a job density of 4.518 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 Reading, PA