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Average Financial Managers Salary in Roanoke, VA

Financial Managers in Roanoke, VA, earn an average annual salary of $161,600. This figure is notably below the national average of $184,480, indicating that local market dynamics and industry concentration play a significant role in compensation levels within this Virginia city.

Executive Summary

  • Average Salary: $161,600 per year.
  • Growth Trend: Salaries have shifted 18.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $242,400.
  • Outlook: With a local workforce of 520 Financial Managers, Roanoke presents a modest but stable employment landscape for these professionals. The Location Quotient of 0.64 suggests that while the profession is present, it is less concentrated than the national average, implying a potentially less saturated but also less robust demand compared to larger metropolitan areas.
2024 Market Data

Salary Overview

$161,600

The average Financial Managers in Roanoke, VA earns-12.4%below the national average.

BreakdownBased on 40h/week
Hourly

$77.7

Weekly

$3,108

Monthly

$13,467

Financial Managers Salary Distribution in Roanoke, VA

The career trajectory for Financial Managers in Roanoke, VA, typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries at the higher percentiles, reflecting the value of their accumulated knowledge and strategic acumen.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$81,450$39.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$121,200$58.3
ManagerOversees team, compliance, and project delivery.50% (Median)$146,210$70.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$202,000$97.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$242,400$116.5

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$161,600

Gross Pay

Real Wage (Purchasing Power)

$161,600

Adjusted for COL (100)

The average annual salary of $161,600 in Roanoke, VA, aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers a purchasing power equivalent to the national average, suggesting that the cost of goods and services in Roanoke is neither a significant advantage nor a disadvantage when compared to the rest of the country.

Job Market Context

520

Total Jobs

3.393

Per 1K Jobs

0.64

Location Quotient

Below Average

Roanoke, VA has 0.64x 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 0.64 for Financial Managers in Roanoke, VA, indicates that the concentration of these roles is lower than the national average. This suggests that the job market may be less competitive in terms of the sheer number of available professionals, but it also implies that opportunities might be more specialized or less abundant compared to areas with a higher concentration.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Blacksburg-Christiansburg-Radford, VA Financial Managers Salary$147,020↓ 9%26 mi
Lynchburg, VA Financial Managers Salary$159,490↓ 1%43 mi
Beckley, WV Financial Managers Salary$116,550↓ 28%76 mi
Staunton-Stuarts Draft, VA Financial Managers Salary$151,120↓ 6%78 mi
Greensboro-High Point, NC Financial Managers Salary$171,570↑ 6%82 mi

Comparing salaries near Roanoke, VA

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Roanoke, VA?

The median annual salary for a Financial Managers in Roanoke, VA is $161,600. This typically ranges from $81,450 for entry-level positions to $242,400 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Roanoke, VA is 12.4% lower than the national median of $184,480.

Is Roanoke, VA a lucrative place for Financial Managers?

No, not compared to the national average.While the average salary of $161,600 is substantial, it falls below the national average of $184,480. The cost of living being at the national average means the lower nominal salary translates to lower real purchasing power compared to national benchmarks.

Is Roanoke, VA a good place to live for Financial Managers?

The Cost of Living Index in Roanoke, VA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Roanoke, VA?

Some top paying nearby cities include Blacksburg-Christiansburg-Radford, VA ($147,020) and Lynchburg, VA.

What is the average salary for a Financial Manager in Roanoke, VA?

The average annual salary for a Financial Manager in Roanoke, VA, is $161,600.

How does Roanoke's Cost of Living compare to the national average?

Roanoke, VA, has a Cost of Living Index of 100, which is exactly the national average.

Is the job market for Financial Managers strong in Roanoke, VA?

The job market is moderately present with 520 professionals, but the Location Quotient of 0.64 suggests it's less concentrated than the national average, indicating a potentially less robust demand.

How does experience affect a Financial Manager's salary in Roanoke, VA?

Experience significantly impacts salary, with entry-level roles earning less and senior positions commanding higher pay, reflecting a clear career progression path.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Roanoke, VA area with a job density of 3.393 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Roanoke, VA