Average Financial Managers Salary in Sheboygan, WI
Financial Managers in Sheboygan, WI, command an average annual salary of $163,600. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the demand-supply balance in this specific region influence compensation levels. While lower than the national benchmark, this salary reflects the specialized skills and responsibilities inherent to financial management roles within the Sheboygan economic landscape.
Executive Summary
- Average Salary: $163,600 per year.
- Growth Trend: Salaries have shifted 24.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,950.
- Outlook: Sheboygan, WI, hosts a local workforce of 330 Financial Managers, indicating a stable, albeit not overwhelmingly large, presence in the job market. The Location Quotient of 1.03 suggests a concentration of these roles that is very close to the national average, implying a steady demand that aligns with broader economic trends. With 5.469 jobs per 1,000 workers, the market demonstrates a consistent need for financial expertise, supporting a robust outlook for professionals in this field within the area.
Salary Overview
The average Financial Managers in Sheboygan, WI earns-11.3%below the national average.
$78.7
$3,146
$13,633
Financial Managers Salary Trends (2020-2024)
While specific historical data for Sheboygan's Financial Manager salaries over the past four years is not provided, it is reasonable to assume a general upward trend mirroring national patterns. Economic growth, inflation, and increasing complexity in financial regulations typically drive salary increases for specialized roles like Financial Managers. Therefore, professionals in Sheboygan can likely anticipate that their earning potential has seen incremental growth, reflecting the evolving demands and value of their expertise in the market.
Financial Managers Salary Distribution in Sheboygan, WI
The salary trajectory for Financial Managers in Sheboygan, WI, naturally scales with experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and a proven track record can command significantly higher compensation. The percentile gaps between junior and senior roles highlight the substantial career progression and increased earning potential available, rewarding accumulated expertise and leadership capabilities within the financial management sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $99,470 | $47.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,700 | $59 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $139,430 | $67 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,500 | $98.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,950 | $106.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$163,600
Gross Pay
Real Wage (Purchasing Power)
$163,600
Adjusted for COL (100)
The average annual salary of $163,600 for Financial Managers in Sheboygan, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial foundation for residents. While the salary is below the national average for the role, the cost of living parity suggests that the take-home pay in Sheboygan offers comparable real value to what one might expect in a higher-cost national average location.
Job Market Context
330
Total Jobs
5.469
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Sheboygan, WI has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
With a Location Quotient of 1.03, Sheboygan, WI, exhibits a job market for Financial Managers that is almost perfectly aligned with the national average in terms of concentration. This indicates a balanced market where the number of Financial Managers is neither disproportionately high nor low compared to the overall workforce. Such a quotient suggests a competitive yet accessible environment, where opportunities exist without being overly saturated, providing a stable platform for career development.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Fond du Lac, WI Financial Managers Salary | $143,560↓ 12% | 35 mi |
| Oshkosh-Neenah, WI Financial Managers Salary | $159,260↓ 3% | 46 mi |
| Milwaukee-Waukesha, WI Financial Managers Salary | $163,510↓ 0% | 48 mi |
| Appleton, WI Financial Managers Salary | $145,550↓ 11% | 49 mi |
| Green Bay, WI Financial Managers Salary | $149,880↓ 8% | 55 mi |
Comparing salaries near Sheboygan, WI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Sheboygan, WI?
The median annual salary for a Financial Managers in Sheboygan, WI is $163,600. This typically ranges from $99,470 for entry-level positions to $220,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sheboygan, WI is 11.3% lower than the national median of $184,480.
Is Sheboygan, WI a lucrative place for Financial Managers?
Yes, with a caveat.The average salary of $163,600 is competitive within Sheboygan's cost of living, which matches the national average. However, it is below the national average salary for the role, indicating a localized compensation structure.
Is Sheboygan, WI a good place to live for Financial Managers?
The Cost of Living Index in Sheboygan, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sheboygan, WI?
Some top paying nearby cities include Fond du Lac, WI ($143,560) and Oshkosh-Neenah, WI.
How does Sheboygan's Financial Manager salary compare to the national average?
The average salary in Sheboygan, WI, is $163,600, which is lower than the national average of $184,480 for Financial Managers.
What is the concentration of Financial Managers in Sheboygan, WI?
Sheboygan, WI has a Location Quotient of 1.03 for Financial Managers, indicating a concentration very close to the national average.
How does the cost of living in Sheboygan, WI affect the salary?
Sheboygan's Cost of Living Index is 100, matching the national average. This means the $163,600 salary provides purchasing power equivalent to the national average.
What is the total number of Financial Managers in Sheboygan, WI?
There are approximately 330 Financial Managers employed in Sheboygan, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Sheboygan, WI area with a job density of 5.469 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 Sheboygan, WI