Average Financial Managers Salary in Salisbury, MD
Financial Managers in Salisbury, MD, earn an average annual salary of $140,770. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the demand for specialized financial expertise in the Salisbury area contribute to this compensation level.
Executive Summary
- Average Salary: $140,770 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $228,270.
- Outlook: With a total local workforce of 280 Financial Managers and a Location Quotient of 0.97, Salisbury, MD, presents a job market for this role that is closely aligned with the national average in terms of concentration. While not a major hub, this indicates a stable, albeit not rapidly expanding, demand for financial management professionals within the region.
Salary Overview
The average Financial Managers in Salisbury, MD earns-23.7%below the national average.
$67.7
$2,707
$11,731
Financial Managers Salary Trends (2020-2024)
While specific historical data for Salisbury is not provided, it is generally assumed that salaries for Financial Managers across the United States have seen consistent growth over the past four years, driven by inflation, increasing complexity in financial regulations, and a persistent need for skilled financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Salisbury, MD
The career trajectory for Financial Managers typically involves significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a substantial gap that signifies robust career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,420 | $33.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,578 | $50.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $124,490 | $59.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,963 | $84.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $228,270 | $109.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$140,770
Gross Pay
Real Wage (Purchasing Power)
$140,770
Adjusted for COL (100)
The average annual salary of $140,770 in Salisbury, MD, is perfectly balanced by the local Cost of Living Index of 100, which matches the national average. This means that the purchasing power of a Financial Manager's salary in Salisbury is equivalent to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
280
Total Jobs
5.155
Per 1K Jobs
0.97
Location Quotient
Salisbury, MD has 0.97x 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 0.97 for Financial Managers in Salisbury, MD, indicates that the concentration of these professionals in the area is just slightly below the national average. This suggests a competitive but accessible job market, where opportunities exist without being overwhelmingly saturated, providing a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lexington Park, MD Financial Managers Salary | $147,130↑ 5% | 47 mi |
| Dover, DE Financial Managers Salary | $166,570↑ 18% | 54 mi |
| Sussex Delaware nonmetropolitan area Financial Managers Salary | $183,040↑ 30% | 65 mi |
| Maryland nonmetropolitan area Financial Managers Salary | $127,200↓ 10% | 81 mi |
| Vineland, NJ Financial Managers Salary | $178,380↑ 27% | 82 mi |
Comparing salaries near Salisbury, MD
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Salisbury, MD?
The median annual salary for a Financial Managers in Salisbury, MD is $140,770. This typically ranges from $69,420 for entry-level positions to $228,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Salisbury, MD is 23.7% lower than the national median of $184,480.
Is Salisbury, MD a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While Financial Managers in Salisbury earn a substantial $140,770, this is below the national average of $184,480, indicating less lucrative compensation relative to the rest of the country.
Is Salisbury, MD a good place to live for Financial Managers?
The Cost of Living Index in Salisbury, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Salisbury, MD?
Some top paying nearby cities include Lexington Park, MD ($147,130) and Dover, DE.
How does Salisbury's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Salisbury, MD, is $140,770, which is 23.6% lower than the national average of $184,480.
What is the concentration of Financial Managers in Salisbury, MD?
Salisbury, MD has a Location Quotient of 0.97 for Financial Managers, meaning the concentration of these professionals is very close to, but slightly below, the national average.
How does the cost of living in Salisbury, MD affect the salary?
With a Cost of Living Index of 100, Salisbury's cost of living is exactly at the national average. This means the $140,770 salary has the same purchasing power as the national average salary.
What is the total number of Financial Managers in Salisbury, MD?
There are approximately 280 Financial Managers working in Salisbury, MD.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Salisbury, MD area with a job density of 5.155 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 Salisbury, MD