Average Financial Managers Salary in West Montana nonmetropolitan area
Financial Managers in the West Montana nonmetropolitan area earn an average annual salary of $161,490. This figure is notably below the national average of $184,480, suggesting that regional economic factors and a smaller market size influence compensation. The specific pay scale in this area is shaped by local demand, the cost of doing business, and the availability of specialized financial talent.
Executive Summary
- Average Salary: $161,490 per year.
- Growth Trend: Salaries have shifted 53.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $242,235.
- Outlook: The job market for Financial Managers in West Montana appears to be relatively niche, with a total local workforce of 220 individuals in this role. The Location Quotient of 0.5 indicates that this profession is less concentrated here compared to the national average, suggesting a potentially less robust or more specialized demand for these services within the region.
Salary Overview
The average Financial Managers in West Montana nonmetropolitan area earns-12.5%below the national average.
$77.6
$3,106
$13,458
Financial Managers Salary Trends (2020-2024)
While specific historical data for West Montana is not provided, it is generally assumed that salaries for Financial Managers across the United States have seen consistent growth over the past four years. This trend is typically driven by increasing complexity in financial regulations, evolving business needs, and a persistent demand for skilled financial leadership.
Financial Managers Salary Distribution in West Montana nonmetropolitan area
Salary progression for Financial Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically command lower salaries, while senior roles, requiring extensive experience in strategic financial planning, risk management, and leadership, can significantly increase earning potential. The widening gap between entry-level and senior-level salaries reflects the value placed on seasoned professionals who can navigate complex financial landscapes.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,620 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $121,118 | $58.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,660 | $67.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $201,863 | $97 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $242,235 | $116.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$161,490
Gross Pay
Real Wage (Purchasing Power)
$161,490
Adjusted for COL (100)
The average annual salary of $161,490 in West Montana 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 this region is equivalent to that of someone earning the national average in a typical U.S. location, offering a stable financial foundation.
Job Market Context
220
Total Jobs
2.667
Per 1K Jobs
0.5
Location Quotient
West Montana nonmetropolitan area has 0.50x 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 0.5, Financial Manager roles are half as concentrated in West Montana compared to the national average. This suggests that the job market is not saturated, and opportunities may be more specialized or less frequent than in more metropolitan areas, potentially leading to less competition for experienced professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Great Falls, MT Financial Managers Salary | $141,970↓ 12% | 56 mi |
| Helena, MT Financial Managers Salary | $128,270↓ 21% | 77 mi |
| Bozeman, MT Financial Managers Salary | $150,620↓ 7% | 90 mi |
Comparing salaries near West Montana nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in West Montana nonmetropolitan area?
The median annual salary for a Financial Managers in West Montana nonmetropolitan area is $161,490. This typically ranges from $79,620 for entry-level positions to $242,235 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Montana nonmetropolitan area is 12.5% lower than the national median of $184,480.
Is West Montana nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $161,490 is substantial, it falls below the national average of $184,480. The cost of living is average, meaning the take-home pay does not stretch as far relative to national benchmarks.
Is West Montana nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in West Montana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Montana nonmetropolitan area?
Some top paying nearby cities include Great Falls, MT ($141,970) and Helena, MT.
How does the local workforce size affect Financial Manager salaries?
A smaller local workforce of 220 Financial Managers suggests a more specialized or less competitive market, which can influence salary levels, often leading to figures that differ from national averages.
What does a Location Quotient of 0.5 mean for Financial Managers in West Montana?
A Location Quotient of 0.5 indicates that Financial Managers are less concentrated in West Montana than the national average, implying fewer job opportunities or a more niche demand within the region.
How does the cost of living in West Montana compare nationally?
The Cost of Living Index is 100, which is exactly the national average. This means that the purchasing power of a salary in West Montana is comparable to the national average.
Are there many job openings for Financial Managers in West Montana?
With only 2.667 jobs per 1,000 workers and a low Location Quotient, the number of openings is likely limited and highly specific to the needs of local businesses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the West Montana nonmetropolitan area area with a job density of 2.667 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 West Montana nonmetropolitan area