Average Financial Managers Salary in Seattle-Tacoma-Bellevue, WA
Financial Managers in the Seattle-Tacoma-Bellevue, WA area command an impressive average annual salary of $201,110, significantly surpassing the national average of $184,480. This elevated compensation reflects the region's robust economic landscape and the critical role these professionals play in managing complex financial operations within its thriving industries.
Executive Summary
- Average Salary: $201,110 per year.
- Growth Trend: Salaries have shifted 26.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $301,665.
- Outlook: With a local workforce of 9,460 Financial Managers, the Seattle-Tacoma-Bellevue area demonstrates a substantial presence in this field. The Location Quotient of 0.86 suggests a market that is nearly on par with the national concentration, indicating a healthy and stable demand for financial expertise within the region's dynamic economy.
Salary Overview
The average Financial Managers in Seattle-Tacoma-Bellevue, WA earns+9.0%above the national average.
$96.7
$3,868
$16,759
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Financial Managers in Seattle-Tacoma-Bellevue have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for financial acumen, and the overall economic expansion of the Puget Sound region likely contribute to this upward salary trajectory.
Financial Managers Salary Distribution in Seattle-Tacoma-Bellevue, WA
Salary progression for Financial Managers in Seattle-Tacoma-Bellevue is strongly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and advanced certifications can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles highlights significant opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $122,220 | $58.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $150,833 | $72.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $180,770 | $86.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $251,388 | $120.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $301,665 | $145 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$201,110
Gross Pay
Real Wage (Purchasing Power)
$201,110
Adjusted for COL (100)
The nominal average salary of $201,110 in Seattle-Tacoma-Bellevue aligns perfectly with the national average Cost of Living Index of 100. This means that while the gross income is higher than the national average, the purchasing power of that income is effectively equivalent to the national average, indicating a balanced economic environment where higher salaries are offset by comparable living expenses.
Job Market Context
9,460
Total Jobs
4.541
Per 1K Jobs
0.86
Location Quotient
Seattle-Tacoma-Bellevue, WA has 0.86x 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 0.86 indicates that Financial Managers are slightly less concentrated in Seattle-Tacoma-Bellevue compared to the national average. This suggests a competitive job market where demand is robust but not overwhelmingly saturated, offering good opportunities for skilled professionals without intense competition for every role.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Financial Managers Salary | $167,180↓ 17% | 18 mi |
| Western Washington nonmetropolitan area Financial Managers Salary | $168,850↓ 16% | 42 mi |
| Eastern Washington nonmetropolitan area Financial Managers Salary | $157,350↓ 22% | 42 mi |
| Olympia-Lacey-Tumwater, WA Financial Managers Salary | $151,070↓ 25% | 47 mi |
| Mount Vernon-Anacortes, WA Financial Managers Salary | $169,680↓ 16% | 56 mi |
Comparing salaries near Seattle-Tacoma-Bellevue, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Seattle-Tacoma-Bellevue, WA?
The median annual salary for a Financial Managers in Seattle-Tacoma-Bellevue, WA is $201,110. This typically ranges from $122,220 for entry-level positions to $301,665 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Seattle-Tacoma-Bellevue, WA is 9.0% higher than the national median of $184,480.
Is Seattle-Tacoma-Bellevue, WA a lucrative place for Financial Managers?
Yes, it is a highly lucrative place for Financial Managers.Financial Managers in this region earn significantly above the national average salary. Coupled with a cost of living that matches the national average, this makes Seattle-Tacoma-Bellevue a financially advantageous location.
Is Seattle-Tacoma-Bellevue, WA a good place to live for Financial Managers?
The Cost of Living Index in Seattle-Tacoma-Bellevue, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Seattle-Tacoma-Bellevue, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($167,180) and Western Washington nonmetropolitan area.
How does the Seattle-Tacoma-Bellevue salary compare to the national average?
The average annual salary for Financial Managers in Seattle-Tacoma-Bellevue is $201,110, which is notably higher than the national average of $184,480.
What is the job market like for Financial Managers in Seattle-Tacoma-Bellevue?
The job market is robust, with 9,460 Financial Managers employed locally. The Location Quotient of 0.86 indicates a strong presence and steady demand for these professionals.
Does the cost of living affect the value of a Financial Manager's salary in Seattle-Tacoma-Bellevue?
No, the cost of living in Seattle-Tacoma-Bellevue is exactly at the national average (100). Therefore, the higher nominal salary translates directly to comparable purchasing power.
What does a Location Quotient of 0.86 mean for Financial Managers?
A Location Quotient of 0.86 signifies that the concentration of Financial Managers in Seattle-Tacoma-Bellevue is slightly below the national average. This suggests a healthy, competitive market with good opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 9,460 employees in the Seattle-Tacoma-Bellevue, WA area with a job density of 4.541 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 Seattle-Tacoma-Bellevue, WA