Average Financial Managers Salary in Southwestern Pennsylvania nonmetropolitan area
Financial Managers in Southwestern Pennsylvania's nonmetropolitan areas earn an average annual salary of $140,290. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry concentration. The specific pay scale in this area is influenced by the local demand for financial expertise and the overall economic landscape of the nonmetropolitan region.
Executive Summary
- Average Salary: $140,290 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $216,250.
- Outlook: With a total local workforce of 520 Financial Managers, the job market in Southwestern Pennsylvania's nonmetropolitan areas presents a moderate level of opportunity. The Location Quotient of 0.69 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially less saturated but also less robust demand for specialized financial talent.
Salary Overview
The average Financial Managers in Southwestern Pennsylvania nonmetropolitan area earns-24.0%below the national average.
$67.5
$2,698
$11,691
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan region is not provided, it is reasonable to assume that salaries for Financial Managers in Southwestern Pennsylvania have experienced growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive an upward trajectory in compensation for skilled financial professionals.
Financial Managers Salary Distribution in Southwestern Pennsylvania 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 experience, strategic oversight, and leadership command significantly higher compensation packages. The increasing salary figures across different experience levels reflect a clear career ladder and the growing value placed on seasoned financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,660 | $35.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,218 | $50.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,210 | $58.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,363 | $84.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $216,250 | $104 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$140,290
Gross Pay
Real Wage (Purchasing Power)
$140,290
Adjusted for COL (100)
The average annual salary of $140,290 in Southwestern Pennsylvania's nonmetropolitan areas aligns precisely 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 comparable to that of their counterparts in the average U.S. location, offering a stable financial footing without significant cost-of-living advantages or disadvantages.
Job Market Context
520
Total Jobs
3.682
Per 1K Jobs
0.69
Location Quotient
Southwestern Pennsylvania nonmetropolitan area has 0.69x 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 0.69 for Financial Managers in Southwestern Pennsylvania's nonmetropolitan areas suggests that the job market is less concentrated than the national average. This indicates that while there is a presence of these professionals, the demand may not be as high or as specialized as in more metropolitan or industry-heavy regions, potentially leading to a more competitive environment for new entrants or a slower pace of job growth.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Williamsport, PA Financial Managers Salary | $122,940↓ 12% | 9 mi |
| State College, PA Financial Managers Salary | $161,030↑ 15% | 45 mi |
| Elmira, NY Financial Managers Salary | $157,610↑ 12% | 65 mi |
| Harrisburg-Carlisle, PA Financial Managers Salary | $148,160↑ 6% | 66 mi |
| Lebanon, PA Financial Managers Salary | $136,820↓ 2% | 72 mi |
Comparing salaries near Southwestern Pennsylvania nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southwestern Pennsylvania nonmetropolitan area?
The median annual salary for a Financial Managers in Southwestern Pennsylvania nonmetropolitan area is $140,290. This typically ranges from $74,660 for entry-level positions to $216,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwestern Pennsylvania nonmetropolitan area is 24.0% lower than the national median of $184,480.
Is Southwestern Pennsylvania nonmetropolitan area a lucrative place for Financial Managers?
No, not when compared to the national average.While the average salary of $140,290 is substantial, it falls significantly short of the national average, indicating less lucrative opportunities in this specific nonmetropolitan region.
Is Southwestern Pennsylvania nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southwestern Pennsylvania nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwestern Pennsylvania nonmetropolitan area?
Some top paying nearby cities include Williamsport, PA ($122,940) and State College, PA.
How does the local salary compare to the national average?
The average salary for Financial Managers in Southwestern Pennsylvania's nonmetropolitan area is $140,290, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in this area?
The Location Quotient is 0.69, meaning there are fewer Financial Managers per worker in this region compared to the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $140,290 has purchasing power equivalent to the national average, indicating no significant cost-of-living advantage or disadvantage.
What is the total number of Financial Managers in this region?
There are approximately 520 Financial Managers employed in the Southwestern Pennsylvania 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 520 employees in the Southwestern Pennsylvania nonmetropolitan area area with a job density of 3.682 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 Southwestern Pennsylvania nonmetropolitan area