Average Financial Managers Salary in West North Dakota nonmetropolitan area
Financial Managers in the West North Dakota nonmetropolitan area earn an average annual salary of $147,540. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand specific to this region. Factors such as industry concentration and local economic drivers contribute to this localized pay scale.
Executive Summary
- Average Salary: $147,540 per year.
- Growth Trend: Salaries have shifted 8.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $227,460.
- Outlook: The job market for Financial Managers in this nonmetropolitan area appears stable, with a total local workforce of 320 professionals. The Location Quotient of 0.71 suggests a slightly lower concentration of these roles compared to the national average, indicating a moderate demand that is not oversaturated.
Salary Overview
The average Financial Managers in West North Dakota nonmetropolitan area earns-20.0%below the national average.
$70.9
$2,837
$12,295
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across nonmetropolitan areas like West North Dakota have experienced steady growth over the past four years, mirroring national trends of increasing compensation for specialized financial roles.
Financial Managers Salary Distribution in West North Dakota nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise and strategic oversight, can reach considerably higher compensation levels, often in the upper percentiles of the salary range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $83,150 | $40 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,655 | $53.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,960 | $60.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $184,425 | $88.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $227,460 | $109.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$147,540
Gross Pay
Real Wage (Purchasing Power)
$147,540
Adjusted for COL (100)
With an average annual salary of $147,540 and a Cost of Living Index matching the national average of 100, the purchasing power of a Financial Manager in West North Dakota nonmetropolitan area is aligned with the national standard. This means that while the nominal salary is lower than the national average, the cost of living does not further diminish its value relative to other regions.
Job Market Context
320
Total Jobs
3.752
Per 1K Jobs
0.71
Location Quotient
West North Dakota nonmetropolitan area has 0.71x 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 0.71 indicates that Financial Manager roles are slightly less concentrated in the West North Dakota nonmetropolitan area compared to the national average. This suggests a market that is neither exceptionally competitive nor scarce, offering a balanced environment for professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bismarck, ND Financial Managers Salary | $152,160↑ 3% | 68 mi |
| Minot, ND Financial Managers Salary | $142,620↓ 3% | 85 mi |
Comparing salaries near West North Dakota nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in West North Dakota nonmetropolitan area?
The median annual salary for a Financial Managers in West North Dakota nonmetropolitan area is $147,540. This typically ranges from $83,150 for entry-level positions to $227,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West North Dakota nonmetropolitan area is 20.0% lower than the national median of $184,480.
Is West North Dakota nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $147,540 is substantial, it falls below the national average of $184,480. The cost of living being at the national average means the lower salary translates to less disposable income compared to national benchmarks.
Is West North Dakota nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in West North Dakota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West North Dakota nonmetropolitan area?
Some top paying nearby cities include Bismarck, ND ($152,160) and Minot, ND.
How does the number of Financial Managers in West North Dakota compare nationally?
With 3.752 jobs per 1,000 workers, the concentration of Financial Managers is slightly below the national average, as indicated by the Location Quotient of 0.71.
What is the significance of the Location Quotient (LQ) for Financial Managers in this area?
An LQ of 0.71 suggests that Financial Managers are less prevalent in this nonmetropolitan area than the national average, implying a moderate level of demand relative to the workforce size.
Does the Cost of Living Index affect the real value of a Financial Manager's salary here?
No, the Cost of Living Index is 100, meaning it is exactly the national average. Therefore, the $147,540 salary has a purchasing power equivalent to the national average.
How many Financial Managers are employed in West North Dakota nonmetropolitan area?
There are approximately 320 Financial Managers employed in the West North Dakota nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the West North Dakota nonmetropolitan area area with a job density of 3.752 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 North Dakota nonmetropolitan area