Average Financial Managers Salary in Southwest Maine nonmetropolitan area
Financial Managers in the Southwest Maine nonmetropolitan area earn an average annual salary of $137,420. This figure is notably below the national average of $184,480, suggesting that regional economic factors and industry concentration play a significant role in compensation within this locale. The specific demand and supply dynamics of the area contribute to this pay differential.
Executive Summary
- Average Salary: $137,420 per year.
- Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,990.
- Outlook: With a local workforce of 560 Financial Managers, the job market in Southwest Maine nonmetropolitan area demonstrates a stable presence. The Location Quotient of 0.74 indicates a slightly lower concentration of these professionals compared to the national average, implying a moderate but consistent demand for their expertise within the region's economic landscape.
Salary Overview
The average Financial Managers in Southwest Maine nonmetropolitan area earns-25.5%below the national average.
$66.1
$2,643
$11,452
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in the Southwest Maine nonmetropolitan area have experienced growth over the past four years, mirroring national trends. Economic development and increasing complexity in financial operations typically drive upward salary adjustments for experienced professionals in this field.
Financial Managers Salary Distribution in Southwest Maine nonmetropolitan area
Salary progression for Financial Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically command lower salaries, while senior roles, requiring extensive financial acumen and strategic oversight, can significantly exceed the average. The percentile gaps in compensation clearly signify the career progression opportunities available as professionals advance their skills and responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,290 | $36.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,065 | $49.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,360 | $59.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $171,775 | $82.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $209,990 | $101 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$137,420
Gross Pay
Real Wage (Purchasing Power)
$137,420
Adjusted for COL (100)
The average annual salary of $137,420 in Southwest Maine 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 standard, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
560
Total Jobs
3.917
Per 1K Jobs
0.74
Location Quotient
Southwest Maine nonmetropolitan area has 0.74x 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 0.74 for Financial Managers in Southwest Maine nonmetropolitan area suggests that the profession is less concentrated than the national average. This indicates that while there is a presence of these roles, the market is not saturated, potentially offering good opportunities for skilled professionals seeking employment without intense competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bangor, ME Financial Managers Salary | $149,400↑ 9% | 31 mi |
| Lewiston-Auburn, ME Financial Managers Salary | $151,200↑ 10% | 57 mi |
| Portland-South Portland, ME Financial Managers Salary | $182,730↑ 33% | 83 mi |
Comparing salaries near Southwest Maine nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southwest Maine nonmetropolitan area?
The median annual salary for a Financial Managers in Southwest Maine nonmetropolitan area is $137,420. This typically ranges from $76,290 for entry-level positions to $209,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Maine nonmetropolitan area is 25.5% lower than the national median of $184,480.
Is Southwest Maine nonmetropolitan area a lucrative place for Financial Managerss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $137,420 is significantly lower than the national average of $184,480, although the cost of living is on par with the national average.
Is Southwest Maine nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southwest Maine nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Maine nonmetropolitan area?
Some top paying nearby cities include Bangor, ME ($149,400) and Lewiston-Auburn, ME.
What is the total number of Financial Managers in Southwest Maine nonmetropolitan area?
There are approximately 560 Financial Managers employed in the Southwest Maine nonmetropolitan area.
How does the concentration of Financial Managers in this area compare to the national average?
The Location Quotient of 0.74 indicates that Financial Managers are less concentrated in this area compared to the national average.
What is the cost of living in Southwest Maine nonmetropolitan area for Financial Managers?
The cost of living in Southwest Maine nonmetropolitan area is at the national average, with an index of 100.
How many Financial Manager jobs are there per 1,000 workers in this region?
There are approximately 3.917 Financial Manager jobs per 1,000 workers in the Southwest Maine nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Southwest Maine nonmetropolitan area area with a job density of 3.917 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 Southwest Maine nonmetropolitan area