Average Financial Managers Salary in Salem, OR
Financial Managers in Salem, Oregon, command an average annual salary of $167,720. This figure is notably below the national average of $184,480, reflecting localized market dynamics and potentially a different industry focus within the region. While the nominal salary is substantial, its purchasing power is influenced by the specific economic landscape of Salem.
Executive Summary
- Average Salary: $167,720 per year.
- Growth Trend: Salaries have shifted 58.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $251,580.
- Outlook: With a total local workforce of 650 Financial Managers, Salem presents a moderate employment base for this profession. The Location Quotient of 0.65 indicates that this role is less concentrated in Salem compared to the national average, suggesting a potentially less saturated but also less specialized market. The rate of 3.464 jobs per 1,000 workers further contextualizes the availability of these positions within the broader Salem economy.
Salary Overview
The average Financial Managers in Salem, OR earns-9.1%below the national average.
$80.6
$3,225
$13,977
Financial Managers Salary Trends (2020-2024)
While specific historical data for Salem's Financial Manager salaries is not provided, it is generally assumed that compensation for such roles has seen consistent growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for financial expertise typically drive upward salary adjustments, even in regional markets.
Financial Managers Salary Distribution in Salem, OR
Salary progression for Financial Managers in Salem, OR, typically scales significantly with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles underscores the substantial career growth and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $89,760 | $43.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $125,790 | $60.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $136,990 | $65.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $209,650 | $100.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $251,580 | $121 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$167,720
Gross Pay
Real Wage (Purchasing Power)
$167,720
Adjusted for COL (100)
The average annual salary of $167,720 in Salem, OR, 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 Salem is equivalent to the national average, offering stability in terms of affordability relative to the rest of the country.
Job Market Context
650
Total Jobs
3.464
Per 1K Jobs
0.65
Location Quotient
Salem, OR has 0.65x 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 0.65 for Financial Managers in Salem, OR, signifies that the concentration of these professionals is lower than the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled individuals, but also indicating that the demand might not be as robust or specialized as in larger metropolitan areas with higher concentrations.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Albany, OR Financial Managers Salary | $141,000↓ 16% | 21 mi |
| Corvallis, OR Financial Managers Salary | $140,610↓ 16% | 27 mi |
| Portland-Vancouver-Hillsboro, OR-WA Financial Managers Salary | $179,130↑ 7% | 44 mi |
| Coast Oregon nonmetropolitan area Financial Managers Salary | $149,700↓ 11% | 53 mi |
| Eastern Oregon nonmetropolitan area Financial Managers Salary | $138,030↓ 18% | 53 mi |
Comparing salaries near Salem, OR
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Salem, OR?
The median annual salary for a Financial Managers in Salem, OR is $167,720. This typically ranges from $89,760 for entry-level positions to $251,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salem, OR is 9.1% lower than the national median of $184,480.
Is Salem, OR a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $167,720 is below the national average, the Cost of Living Index of 100 means your earnings have equivalent purchasing power. The lower concentration (LQ 0.65) might offer less competition.
Is Salem, OR a good place to live for Financial Managers?
The Cost of Living Index in Salem, OR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salem, OR?
Some top paying nearby cities include Albany, OR ($141,000) and Corvallis, OR.
How does Salem's Financial Manager salary compare to the national average?
The average salary in Salem, OR, is $167,720, which is approximately 9.1% lower than the national average of $184,480.
What is the Cost of Living in Salem, OR, for Financial Managers?
Salem, OR, has a Cost of Living Index of 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the United States.
How concentrated are Financial Manager jobs in Salem, OR?
The concentration of Financial Managers in Salem, OR, is indicated by a Location Quotient of 0.65, meaning the profession is less concentrated there than the national average.
What is the total number of Financial Managers in Salem, OR?
There are approximately 650 Financial Managers employed in Salem, OR, representing a specific segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Salem, OR area with a job density of 3.464 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 Salem, OR