Average Financial Managers Salary in Southern Ohio nonmetropolitan area
Financial Managers in Southern Ohio's nonmetropolitan areas earn an average annual salary of $117,880. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and industry concentration. The specific pay scales in this area are influenced by the local demand and the overall economic landscape of nonmetropolitan regions.
Executive Summary
- Average Salary: $117,880 per year.
- Growth Trend: Salaries have shifted 5.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $200,010.
- Outlook: The local workforce of 500 Financial Managers, coupled with a Location Quotient of 0.59, suggests a market that is less concentrated than the national average. While the total number of professionals is modest, the jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these roles within the region.
Salary Overview
The average Financial Managers in Southern Ohio nonmetropolitan area earns-36.1%below the national average.
$56.7
$2,267
$9,823
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 Southern Ohio have experienced gradual growth over the past four years, mirroring national trends. Economic development and an increasing need for financial expertise likely contribute to a positive, albeit potentially modest, upward trajectory in compensation.
Financial Managers Salary Distribution in Southern Ohio nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise and leadership will see substantial increases. The percentile gaps in compensation clearly signify career progression, rewarding accumulated knowledge, strategic acumen, and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,250 | $29 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,410 | $42.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,980 | $48.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,350 | $70.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $200,010 | $96.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$117,880
Gross Pay
Real Wage (Purchasing Power)
$117,880
Adjusted for COL (100)
The average annual salary of $117,880 in Southern Ohio's nonmetropolitan area 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 the national average, offering a stable financial footing relative to the cost of goods and services.
Job Market Context
500
Total Jobs
3.113
Per 1K Jobs
0.59
Location Quotient
Southern Ohio nonmetropolitan area has 0.59x 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 0.59 indicates that Financial Managers are less concentrated in Southern Ohio's nonmetropolitan areas compared to the national average. This suggests that while the demand exists, the market is not saturated, potentially offering opportunities for skilled professionals, but also implying a smaller pool of specialized talent.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Financial Managers Salary | $118,740↑ 1% | 29 mi |
| Columbus, OH Financial Managers Salary | $157,480↑ 34% | 32 mi |
| Springfield, OH Financial Managers Salary | $121,810↑ 3% | 63 mi |
| Sandusky, OH Financial Managers Salary | $126,250↑ 7% | 73 mi |
| Lima, OH Financial Managers Salary | $123,660↑ 5% | 75 mi |
Comparing salaries near Southern Ohio nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southern Ohio nonmetropolitan area?
The median annual salary for a Financial Managers in Southern Ohio nonmetropolitan area is $117,880. This typically ranges from $60,250 for entry-level positions to $200,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Ohio nonmetropolitan area is 36.1% lower than the national median of $184,480.
Is Southern Ohio nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $117,880 is significantly below the national average of $184,480, although the cost of living is on par with the national average.
Is Southern Ohio nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($118,740) and Columbus, OH.
How does the local workforce size impact Financial Manager roles?
A local workforce of 500 Financial Managers suggests a moderate presence, indicating that while opportunities exist, the market may not be as dynamic as in larger metropolitan areas with a higher concentration of finance professionals.
What does a Location Quotient of 0.59 mean for job seekers?
A Location Quotient below 1.0 signifies less concentration than the national average, suggesting that Financial Managers might find fewer specialized roles but potentially less competition for available positions.
How does the Cost of Living Index affect the perceived salary?
With a Cost of Living Index of 100, the $117,880 salary has the same purchasing power as the national average, meaning that while the nominal salary is lower, the local expenses are comparable.
Are there many Financial Manager jobs per 1,000 workers in Southern Ohio?
With 3.113 jobs per 1,000 workers, the rate of Financial Manager employment is present but not exceptionally high, indicating a steady but not booming demand for these professionals in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Southern Ohio nonmetropolitan area area with a job density of 3.113 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Southern Ohio nonmetropolitan area
- All Occupations Salary in Southern Ohio nonmetropolitan area
- Office and Administrative Support Occupations Salary in Southern Ohio nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Southern Ohio nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Southern Ohio nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Southern Ohio nonmetropolitan area
- Sales and Related Occupations Salary in Southern Ohio nonmetropolitan area
- Production Occupations Salary in Southern Ohio nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Southern Ohio nonmetropolitan area
- Healthcare Support Occupations Salary in Southern Ohio nonmetropolitan area
- Management Occupations Salary in Southern Ohio nonmetropolitan area
- Browse All Jobs in Southern Ohio nonmetropolitan area →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Southern Ohio nonmetropolitan area