Average Financial Managers Salary in State College, PA
In State College, PA, Financial Managers earn an average annual salary of $161,030. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus influence compensation. While the nominal salary is substantial, understanding its real value requires considering the local economic landscape.
Executive Summary
- Average Salary: $161,030 per year.
- Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $241,545.
- Outlook: The local job market for Financial Managers in State College, PA, comprises approximately 300 professionals. With a Location Quotient of 0.82, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand relative to other occupations. The presence of 4.334 jobs per 1,000 workers suggests a consistent, albeit moderate, need for financial expertise within the region's economy.
Salary Overview
The average Financial Managers in State College, PA earns-12.7%below the national average.
$77.4
$3,097
$13,419
Financial Managers Salary Trends (2020-2024)
While specific historical data for State College, PA is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for financial oversight, and evolving regulatory landscapes. This upward trend likely extends to State College, PA, reflecting broader economic shifts and the increasing complexity of financial management.
Financial Managers Salary Distribution in State College, PA
Salary progression for Financial Managers in State College, PA, typically correlates strongly with experience and specialization. Entry-level positions might start significantly lower than the average, while senior roles, particularly those with strategic responsibilities or managing larger teams, can command salaries well above $161,030. The variance between the 25th and 75th percentiles of salaries often highlights the significant earning potential as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,720 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,773 | $58.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,000 | $56.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $201,288 | $96.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $241,545 | $116.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$161,030
Gross Pay
Real Wage (Purchasing Power)
$161,030
Adjusted for COL (100)
The average annual salary of $161,030 in State College, PA, 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 State College is equivalent to the national average, offering a stable financial standing relative to the rest of the country. This parity suggests that the nominal salary provides a comparable standard of living to what one might expect elsewhere.
Job Market Context
300
Total Jobs
4.334
Per 1K Jobs
0.82
Location Quotient
State College, PA has 0.82x 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 0.82, State College, PA, has a slightly lower concentration of Financial Managers compared to the national average. This suggests that the job market is neither oversaturated nor exceptionally scarce for these professionals. While there is a steady demand, as indicated by the number of jobs per thousand workers, the slightly below-average concentration implies that opportunities may be more specialized or tied to specific regional industries rather than a broad, high-volume market.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Altoona, PA Financial Managers Salary | $121,340↓ 25% | 35 mi |
| Northwestern Pennsylvania nonmetropolitan area Financial Managers Salary | $119,690↓ 26% | 45 mi |
| Central Pennsylvania nonmetropolitan area Financial Managers Salary | $130,150↓ 19% | 45 mi |
| Southwestern Pennsylvania nonmetropolitan area Financial Managers Salary | $140,290↓ 13% | 45 mi |
| Northeastern Pennsylvania nonmetropolitan area Financial Managers Salary | $122,380↓ 24% | 45 mi |
Comparing salaries near State College, PA
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Frequently Asked Questions
How much does a Financial Managers make in State College, PA?
The median annual salary for a Financial Managers in State College, PA is $161,030. This typically ranges from $79,720 for entry-level positions to $241,545 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in State College, PA is 12.7% lower than the national median of $184,480.
Is State College, PA a lucrative place for Financial Managers?
Moderately lucrative, with salary parity to the national cost of living.Financial Managers in State College, PA, earn $161,030, which is below the national average salary but aligns with the national average cost of living. This indicates a stable, though not exceptionally high-paying, market.
Is State College, PA a good place to live for Financial Managers?
The Cost of Living Index in State College, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near State College, PA?
Some top paying nearby cities include Altoona, PA ($121,340) and Northwestern Pennsylvania nonmetropolitan area.
How does the State College, PA salary compare to the national average?
The average salary for Financial Managers in State College, PA, is $161,030, which is approximately 12.7% lower than the national average of $184,480.
What is the cost of living in State College, PA for Financial Managers?
The cost of living in State College, PA, is at the national average, indexed at 100. This means the $161,030 salary offers a purchasing power equivalent to the national average.
How concentrated is the Financial Manager job market in State College, PA?
The job market concentration, measured by the Location Quotient, is 0.82, indicating a slightly lower presence of Financial Managers compared to the national average.
What is the total number of Financial Managers in State College, PA?
There are approximately 300 Financial Managers working in the State College, PA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the State College, PA area with a job density of 4.334 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 State College, PA