Average Financial Managers Salary in Trenton-Princeton, NJ
Financial Managers in the Trenton-Princeton, NJ area earn an impressive average annual salary of $198,260, significantly surpassing the national average of $184,480. This elevated compensation is likely driven by the region's robust economic activity and the specialized demand for high-level financial expertise within its corporate landscape.
Executive Summary
- Average Salary: $198,260 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $297,390.
- Outlook: The local job market for Financial Managers in Trenton-Princeton, NJ, appears robust, evidenced by a substantial workforce of 2,320 professionals. The Location Quotient of 1.83 indicates a concentration of these roles nearly double the national average, suggesting strong and sustained demand for financial leadership within the region.
Salary Overview
The average Financial Managers in Trenton-Princeton, NJ earns+7.5%above the national average.
$95.3
$3,813
$16,522
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 Trenton-Princeton, NJ, has experienced consistent growth over the past four years, mirroring national trends of increasing demand for financial expertise and the rising complexity of financial operations.
Financial Managers Salary Distribution in Trenton-Princeton, NJ
Career progression for Financial Managers in Trenton-Princeton, NJ, typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, but seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $123,460 | $59.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $148,695 | $71.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $175,290 | $84.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $247,825 | $119.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $297,390 | $143 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$198,260
Gross Pay
Real Wage (Purchasing Power)
$198,260
Adjusted for COL (100)
With an average annual salary of $198,260 and a Cost of Living Index matching the national average of 100, Financial Managers in Trenton-Princeton, NJ, benefit from substantial purchasing power. This means their high nominal earnings translate directly into a strong real income, allowing for a comfortable lifestyle relative to national standards.
Job Market Context
2,320
Total Jobs
9.69
Per 1K Jobs
1.83
Location Quotient
Trenton-Princeton, NJ has 1.8x the national concentration of Financial Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.83 for Financial Managers in Trenton-Princeton, NJ, signifies a highly concentrated job market, indicating that these roles are more prevalent here than in the average U.S. metropolitan area. This suggests a competitive environment for new entrants but also a wealth of opportunities for experienced professionals within a specialized industry cluster.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial Managers Salary | $177,520↓ 10% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Financial Managers Salary | $155,790↓ 21% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Financial Managers Salary | $247,840↑ 25% | 52 mi |
| Vineland, NJ Financial Managers Salary | $178,380↓ 10% | 54 mi |
| Atlantic City-Hammonton, NJ Financial Managers Salary | $163,390↓ 18% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Trenton-Princeton, NJ?
The median annual salary for a Financial Managers in Trenton-Princeton, NJ is $198,260. This typically ranges from $123,460 for entry-level positions to $297,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 7.5% higher than the national median of $184,480.
Is Trenton-Princeton, NJ a lucrative place for Financial Managers?
Yes, Trenton-Princeton, NJ is a highly lucrative location for Financial Managers.The average salary of $198,260 significantly exceeds the national average, and the cost of living is on par with the national average, offering excellent purchasing power.
Is Trenton-Princeton, NJ a good place to live for Financial Managers?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($177,520) and Allentown-Bethlehem-Easton, PA-NJ.
How does the number of Financial Managers in Trenton-Princeton compare to the national average?
With 9.69 Financial Managers per 1,000 workers, Trenton-Princeton has a significantly higher concentration than the national average, as indicated by its Location Quotient of 1.83.
What is the significance of the Location Quotient (LQ) for Financial Managers in this area?
An LQ of 1.83 means that Financial Manager roles are 83% more concentrated in Trenton-Princeton than the national average, pointing to a strong regional demand and industry presence.
Does experience significantly impact a Financial Manager's salary in Trenton-Princeton?
Yes, experience is a key driver of salary growth. As Financial Managers gain experience and advance through different levels of responsibility, their earning potential increases substantially, moving them into higher salary brackets.
How does the cost of living affect the real value of a Financial Manager's salary in Trenton-Princeton?
Since the local Cost of Living Index is 100 (the national average), the high average salary of $198,260 translates directly into strong purchasing power, meaning your earnings will go as far as they would in a typical U.S. location.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,320 employees in the Trenton-Princeton, NJ area with a job density of 9.69 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 Trenton-Princeton, NJ