Average Financial Managers Salary in Southeast-Central Idaho nonmetropolitan area
Financial Managers in the Southeast-Central Idaho nonmetropolitan area earn an average annual salary of $125,900. This figure is notably lower than the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. The lower average pay is often influenced by factors such as the cost of doing business, local industry concentration, and the overall demand for specialized financial expertise in nonmetropolitan settings.
Executive Summary
- Average Salary: $125,900 per year.
- Growth Trend: Salaries have shifted 41.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $175,500.
- Outlook: The job market for Financial Managers in Southeast-Central Idaho appears to be moderately concentrated, with a Location Quotient of 0.43, indicating a lower presence compared to the national average. The total local workforce of 220 suggests a smaller, potentially niche market. While the number of jobs per 1,000 workers (2.288) is modest, it signifies a consistent, albeit not booming, demand for these professionals within the region's economic structure.
Salary Overview
The average Financial Managers in Southeast-Central Idaho nonmetropolitan area earns-31.8%below the national average.
$60.5
$2,421
$10,492
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers in Southeast-Central Idaho have likely experienced gradual growth over the past four years, mirroring broader economic trends and inflation. Increases in demand for financial oversight, coupled with the general upward pressure on compensation in specialized roles, would typically contribute to a steady, albeit potentially modest, rise in average earnings for these professionals.
Financial Managers Salary Distribution in Southeast-Central Idaho nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command substantially higher compensation. The percentile gaps in salary distribution, from the 25th to the 75th percentile and beyond, clearly signify the career progression and increased earning potential that comes with accumulating years of experience and developing advanced financial management skills.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,070 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,425 | $45.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,850 | $55.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $157,375 | $75.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $175,500 | $84.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$125,900
Gross Pay
Real Wage (Purchasing Power)
$125,900
Adjusted for COL (100)
The nominal average annual salary of $125,900 in Southeast-Central Idaho 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 this region is equivalent to that of someone earning the national average in a location with average living expenses. Consequently, the salary offers a standard of living comparable to the national median, without the added financial strain of higher living costs often found in metropolitan areas.
Job Market Context
220
Total Jobs
2.288
Per 1K Jobs
0.43
Location Quotient
At 0.43x, Southeast-Central Idaho nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.43, the job market for Financial Managers in Southeast-Central Idaho is less concentrated than the national average. This suggests that while there is a demand for these roles, the supply of Financial Managers may be relatively lower compared to other regions, potentially leading to less intense competition for open positions. However, it also implies that the overall number of opportunities might be more limited due to the nonmetropolitan nature of the area.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Boise City, ID Financial Managers Salary | $142,370↑ 13% | 96 mi |
Comparing salaries near Southeast-Central Idaho nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southeast-Central Idaho nonmetropolitan area?
The median annual salary for a Financial Managers in Southeast-Central Idaho nonmetropolitan area is $125,900. This typically ranges from $77,070 for entry-level positions to $175,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast-Central Idaho nonmetropolitan area is 31.8% lower than the national median of $184,480.
Is Southeast-Central Idaho nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $125,900 is substantial, it falls significantly below the national average of $184,480, indicating less lucrative earning potential in this specific region.
Is Southeast-Central Idaho nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southeast-Central Idaho nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast-Central Idaho nonmetropolitan area?
Some top paying nearby cities include Boise City, ID ($142,370) and others.
What is the average salary for a Financial Manager in Southeast-Central Idaho?
The average annual salary for a Financial Manager in Southeast-Central Idaho is $125,900.
How does the Southeast-Central Idaho salary compare to the national average?
The average salary in Southeast-Central Idaho ($125,900) is considerably lower than the national average of $184,480.
What is the Cost of Living Index in Southeast-Central Idaho?
The Cost of Living Index in Southeast-Central Idaho is 100, which is the national average.
How concentrated is the Financial Manager job market in this area?
The job market is less concentrated than the national average, with a Location Quotient of 0.43, suggesting fewer Financial Managers relative to the national workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Southeast-Central Idaho nonmetropolitan area area with a job density of 2.288 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 Southeast-Central Idaho nonmetropolitan area