Average Financial Managers Salary in Santa Fe, NM
Financial Managers in Santa Fe, New Mexico, command an average annual salary of $128,240. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a smaller scale of operations influence compensation. The specific economic landscape of Santa Fe, including industry concentration and demand for financial expertise, plays a crucial role in shaping these salary levels.
Executive Summary
- Average Salary: $128,240 per year.
- Growth Trend: Salaries have shifted 8.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $196,880.
- Outlook: With a total local workforce of 260 Financial Managers, Santa Fe presents a modest but stable job market for this profession. The Location Quotient of 0.81 indicates a slightly lower concentration of these roles compared to the national average, implying that while opportunities exist, they are not as densely populated as in larger metropolitan areas. The presence of 4.29 jobs per 1,000 workers suggests a consistent, albeit not booming, demand for financial management talent within the region.
Salary Overview
The average Financial Managers in Santa Fe, NM earns-30.5%below the national average.
$61.7
$2,466
$10,687
Financial Managers Salary Trends (2020-2024)
While specific historical data for Santa Fe is not provided, it is reasonable to assume that salaries for Financial Managers in the area have experienced gradual growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial planning and analysis would typically drive upward pressure on compensation, even in a smaller market.
Financial Managers Salary Distribution in Santa Fe, NM
The career trajectory for Financial Managers in Santa Fe, as elsewhere, typically involves significant salary progression with experience. Entry-level positions might start considerably lower than the $128,240 average, while senior roles, such as Chief Financial Officer or Director of Finance, can command substantially higher salaries, often reaching well into the six figures and beyond. The percentile gaps in salary distribution clearly signify the rewards associated with accumulating expertise and taking on greater responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,730 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $96,180 | $46.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,830 | $50.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $160,300 | $77.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $196,880 | $94.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$128,240
Gross Pay
Real Wage (Purchasing Power)
$128,240
Adjusted for COL (100)
The nominal average salary of $128,240 in Santa Fe aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in Santa Fe is equivalent to that of their national counterparts, offering a stable financial environment without the premium often associated with high-cost-of-living areas.
Job Market Context
260
Total Jobs
4.29
Per 1K Jobs
0.81
Location Quotient
Santa Fe, NM has 0.81x 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 0.81 suggests that Financial Manager roles are slightly less concentrated in Santa Fe compared to the national average. This indicates a market that is neither oversaturated nor exceptionally scarce in terms of these professionals. While not a hub for financial management, the presence of these roles at a near-average concentration implies a steady demand that is met by the local talent pool and potentially supplemented by professionals relocating to the area.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Financial Managers Salary | $139,480↑ 9% | 54 mi |
| Eastern New Mexico nonmetropolitan area Financial Managers Salary | $135,200↑ 5% | 59 mi |
| Northern New Mexico nonmetropolitan area Financial Managers Salary | $114,860↓ 10% | 59 mi |
Comparing salaries near Santa Fe, NM
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Santa Fe, NM?
The median annual salary for a Financial Managers in Santa Fe, NM is $128,240. This typically ranges from $79,730 for entry-level positions to $196,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Santa Fe, NM is 30.5% lower than the national median of $184,480.
Is Santa Fe, NM a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $128,240 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Santa Fe, NM a good place to live for Financial Managers?
The Cost of Living Index in Santa Fe, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Santa Fe, NM?
Some top paying nearby cities include Albuquerque, NM ($139,480) and Eastern New Mexico nonmetropolitan area.
How does Santa Fe's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Santa Fe, NM is $128,240, which is considerably lower than the national average of $184,480.
What is the cost of living in Santa Fe, NM for Financial Managers?
Santa Fe, NM has a Cost of Living Index of 100, which is exactly the national average. This means the purchasing power of a Financial Manager's salary is on par with the national average.
How concentrated are Financial Manager jobs in Santa Fe, NM?
The concentration of Financial Manager jobs in Santa Fe, as indicated by a Location Quotient of 0.81, is slightly below the national average, suggesting a moderate presence of these roles.
What is the total number of Financial Managers in Santa Fe, NM?
There are approximately 260 Financial Managers employed in Santa Fe, NM, representing a localized workforce for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Santa Fe, NM area with a job density of 4.29 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 Santa Fe, NM