Average Financial Managers Salary in Spokane-Spokane Valley, WA
Financial Managers in Spokane-Spokane Valley, WA, earn an average annual salary of $171,730. This figure is slightly below the national average of $184,480, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the Spokane metropolitan area.
Executive Summary
- Average Salary: $171,730 per year.
- Growth Trend: Salaries have shifted 34.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $257,595.
- Outlook: The Spokane-Spokane Valley, WA, job market for Financial Managers is characterized by a substantial local workforce of 760 professionals. While the Location Quotient of 0.56 indicates a lower concentration of these roles compared to the national average, the presence of nearly 3 Financial Manager jobs per 1,000 workers suggests a steady, albeit not hyper-concentrated, demand for experienced financial leadership.
Salary Overview
The average Financial Managers in Spokane-Spokane Valley, WA earns-6.9%below the national average.
$82.6
$3,303
$14,311
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Financial Managers in Spokane-Spokane Valley, WA, has experienced growth over the past four years, mirroring national trends of increasing compensation for finance professionals. This upward trajectory is typically driven by inflation, evolving industry demands, and the increasing complexity of financial management.
Financial Managers Salary Distribution in Spokane-Spokane Valley, WA
Career progression for Financial Managers in Spokane-Spokane Valley, WA, is marked by significant salary increases with experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more, often reaching into the higher percentiles of the $171,730 average. The widening gap between entry-level and senior roles underscores the value placed on expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $96,720 | $46.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $128,798 | $61.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $154,780 | $74.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $214,663 | $103.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $257,595 | $123.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$171,730
Gross Pay
Real Wage (Purchasing Power)
$171,730
Adjusted for COL (100)
The nominal average salary of $171,730 in Spokane-Spokane Valley, WA, aligns precisely with the national average cost of living (Index 100). This means that the purchasing power of a Financial Manager's salary in Spokane is comparable to that of their counterparts in a typical U.S. city, offering a stable financial environment for those considering relocation.
Job Market Context
760
Total Jobs
2.993
Per 1K Jobs
0.56
Location Quotient
Spokane-Spokane Valley, WA has 0.56x 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.
With a Location Quotient of 0.56, the Spokane-Spokane Valley, WA, market for Financial Managers is less concentrated than the national average. This suggests that while opportunities exist, the job market may be less competitive in terms of the sheer number of available candidates relative to openings, potentially offering a favorable environment for skilled professionals seeking roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Coeur d'Alene, ID Financial Managers Salary | $134,660↓ 22% | 30 mi |
| Lewiston, ID-WA Financial Managers Salary | $128,750↓ 25% | 90 mi |
Comparing salaries near Spokane-Spokane Valley, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Spokane-Spokane Valley, WA?
The median annual salary for a Financial Managers in Spokane-Spokane Valley, WA is $171,730. This typically ranges from $96,720 for entry-level positions to $257,595 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Spokane-Spokane Valley, WA is 6.9% lower than the national median of $184,480.
Is Spokane-Spokane Valley, WA a lucrative place for Financial Managers?
Moderately lucrative, with earning potential near the national average.Financial Managers in Spokane-Spokane Valley, WA, earn $171,730, which is close to the national average, and the cost of living is also at the national average, indicating stable purchasing power.
Is Spokane-Spokane Valley, WA a good place to live for Financial Managers?
The Cost of Living Index in Spokane-Spokane Valley, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Spokane-Spokane Valley, WA?
Some top paying nearby cities include Coeur d'Alene, ID ($134,660) and Lewiston, ID-WA.
How does Spokane's Financial Manager salary compare to Seattle?
While specific data for Seattle is not provided, Spokane's average salary of $171,730 is generally lower than what is typically seen in major metropolitan hubs like Seattle, which often command higher salaries due to increased demand and cost of living.
What factors influence Financial Manager salaries in Spokane?
Salaries are influenced by company size, industry sector (e.g., healthcare, manufacturing, government), years of experience, specific certifications (like CPA or CFA), and the overall economic health of the Spokane region.
Are there many job openings for Financial Managers in Spokane?
With 2.993 jobs per 1,000 workers, there is a consistent demand for Financial Managers, though the lower Location Quotient suggests it's not a primary hub for the profession compared to national averages.
What is the typical career path for a Financial Manager in Spokane?
A typical career path might start in accounting or analysis roles, progressing to Senior Financial Analyst, then Financial Manager, and potentially to Director of Finance or CFO, with each step bringing increased responsibility and compensation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 760 employees in the Spokane-Spokane Valley, WA area with a job density of 2.993 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 Spokane-Spokane Valley, WA