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Average Financial Managers Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV

Financial Managers in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an impressive average annual salary of $193,890. This figure significantly surpasses the national average of $184,480, indicating a premium for financial expertise in this region. The concentration of government, defense, and a robust private sector likely drives this elevated compensation.

Executive Summary

  • Average Salary: $193,890 per year.
  • Growth Trend: Salaries have shifted 9.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $290,835.
  • Outlook: The Washington-Arlington-Alexandria area boasts a substantial workforce of 25,520 Financial Managers, highlighting a significant presence in the labor market. With a Location Quotient of 1.54, the demand for these professionals is 54% higher than the national average, suggesting a robust and active job market with ample opportunities for skilled individuals.
2024 Market Data

Salary Overview

$193,890

The average Financial Managers in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+5.1%above the national average.

BreakdownBased on 40h/week
Hourly

$93.2

Weekly

$3,729

Monthly

$16,158

Financial Managers Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV

Salary progression for Financial Managers in this region typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles, such as Chief Financial Officers or Directors of Finance, can earn substantially more, often reaching well into the top percentiles. The widening gap between entry-level and senior salaries reflects the increasing responsibility, strategic input, and specialized knowledge expected at higher career stages.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$107,460$51.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$145,418$69.9
ManagerOversees team, compliance, and project delivery.50% (Median)$177,690$85.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$242,363$116.5
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$290,835$139.8

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$193,890

Gross Pay

Real Wage (Purchasing Power)

$193,890

Adjusted for COL (100)

The average annual salary of $193,890 in Washington-Arlington-Alexandria aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of this salary is comparable to the national average, as the cost of goods and services is not inflated relative to the rest of the country.

Job Market Context

25,520

Total Jobs

8.184

Per 1K Jobs

1.54

Location Quotient

Major Hub

Washington-Arlington-Alexandria, DC-VA-MD-WV has 1.5x 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.

A Location Quotient of 1.54 signifies that Financial Managers are considerably more concentrated in the Washington-Arlington-Alexandria area than in the nation as a whole. This indicates a higher demand relative to the national average, suggesting a competitive market where employers actively seek out and value these professionals, potentially leading to better negotiation power for candidates.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Maryland nonmetropolitan area Financial Managers Salary$127,200↓ 34%17 mi
Baltimore-Columbia-Towson, MD Financial Managers Salary$167,000↓ 14%35 mi
Lexington Park, MD Financial Managers Salary$147,130↓ 24%55 mi
Hagerstown-Martinsburg, MD-WV Financial Managers Salary$136,240↓ 30%63 mi
Winchester, VA-WV Financial Managers Salary$158,340↓ 18%64 mi

Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Washington-Arlington-Alexandria, DC-VA-MD-WV?

The median annual salary for a Financial Managers in Washington-Arlington-Alexandria, DC-VA-MD-WV is $193,890. This typically ranges from $107,460 for entry-level positions to $290,835 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 5.1% higher than the national median of $184,480.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Financial Managerss?

Yes, it is a highly lucrative area for Financial Managers.The average salary of $193,890 significantly exceeds the national average, and the strong Location Quotient of 1.54 indicates high demand for these professionals in the region.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Financial Managers?

The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?

Some top paying nearby cities include Maryland nonmetropolitan area ($127,200) and Baltimore-Columbia-Towson, MD.

How does the Financial Manager salary compare to the national average?

Financial Managers in Washington-Arlington-Alexandria earn an average of $193,890 annually, which is $9,410 more than the national average of $184,480.

What is the concentration of Financial Managers in this area?

The Location Quotient for Financial Managers in Washington-Arlington-Alexandria is 1.54, meaning the concentration of these jobs is 54% higher than the national average.

How does the Cost of Living affect the salary?

The Cost of Living Index is 100, which is the national average. Therefore, the higher nominal salary of $193,890 offers purchasing power equivalent to the national average.

What is the total number of Financial Managers in the Washington-Arlington-Alexandria area?

There are approximately 25,520 Financial Managers employed in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 25,520 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 8.184 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV