Average Financial Managers Salary in St. Cloud, MN
Financial Managers in St. Cloud, MN, command an average annual salary of $152,310. This figure is notably below the national average of $184,480, reflecting a localized market dynamic. Factors such as regional economic conditions, industry concentration, and the specific demand within St. Cloud contribute to this salary differential.
Executive Summary
- Average Salary: $152,310 per year.
- Growth Trend: Salaries have shifted 34.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,730.
- Outlook: With a local workforce of 480 Financial Managers and a Location Quotient of 0.87, St. Cloud presents a moderately concentrated but stable job market for these professionals. The concentration, slightly below the national benchmark, suggests a healthy demand that is not oversaturated, indicating a robust environment for experienced individuals seeking opportunities.
Salary Overview
The average Financial Managers in St. Cloud, MN earns-17.4%below the national average.
$73.2
$2,929
$12,693
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a consistent upward trend in Financial Manager salaries over the past four years, mirroring national economic growth and increasing demand for financial expertise. This general trend suggests that compensation in St. Cloud has likely kept pace with inflation and evolving market needs.
Financial Managers Salary Distribution in St. Cloud, MN
Salary progression for Financial Managers in St. Cloud typically scales significantly with experience. Entry-level positions may start at a lower percentile, while senior roles, characterized by greater responsibility and strategic input, command top-tier compensation. The gap between entry-level and senior salaries signifies a clear career ladder and opportunities for substantial income growth.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $86,550 | $41.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,233 | $54.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $135,270 | $65 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $190,388 | $91.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,730 | $106.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$152,310
Gross Pay
Real Wage (Purchasing Power)
$152,310
Adjusted for COL (100)
The average annual salary of $152,310 in St. Cloud aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in St. Cloud is equivalent to the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
480
Total Jobs
4.638
Per 1K Jobs
0.87
Location Quotient
St. Cloud, MN has 0.87x 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 0.87 indicates that Financial Manager roles are slightly less concentrated in St. Cloud compared to the national average. This suggests a balanced market where demand exists without intense competition, potentially offering good opportunities for skilled professionals to secure positions and advance their careers within the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Financial Managers Salary | $136,820↓ 10% | 17 mi |
| Southeast Minnesota nonmetropolitan area Financial Managers Salary | $148,670↓ 2% | 17 mi |
| Southwest Minnesota nonmetropolitan area Financial Managers Salary | $142,890↓ 6% | 17 mi |
| Northeast Minnesota nonmetropolitan area Financial Managers Salary | $129,020↓ 15% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Financial Managers Salary | $177,050↑ 16% | 59 mi |
Comparing salaries near St. Cloud, MN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in St. Cloud, MN?
The median annual salary for a Financial Managers in St. Cloud, MN is $152,310. This typically ranges from $86,550 for entry-level positions to $220,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in St. Cloud, MN is 17.4% lower than the national median of $184,480.
Is St. Cloud, MN a lucrative place for Financial Managers?
Yes, with caveats.While the average salary of $152,310 is below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The market is stable with moderate concentration.
Is St. Cloud, MN a good place to live for Financial Managers?
The Cost of Living Index in St. Cloud, MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near St. Cloud, MN?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($136,820) and Southeast Minnesota nonmetropolitan area.
How does St. Cloud's Financial Manager salary compare to the national average?
The average salary in St. Cloud is $152,310, which is lower than the national average of $184,480.
What is the Cost of Living in St. Cloud, MN?
St. Cloud has a Cost of Living Index of 100, which is exactly the national average.
How concentrated is the Financial Manager job market in St. Cloud?
The job market has a Location Quotient of 0.87, indicating it is slightly less concentrated than the national average, suggesting a balanced level of competition and opportunity.
How many Financial Managers are there in St. Cloud?
There are approximately 480 Financial Managers working in St. Cloud, representing 4.638 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the St. Cloud, MN area with a job density of 4.638 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 St. Cloud, MN