Average Financial Managers Salary in West Northwestern Ohio nonmetropolitan area
Financial Managers in the West Northwestern Ohio nonmetropolitan area earn an average annual salary of $125,510. This figure is notably below the national average of $184,480, reflecting regional economic factors and a potentially smaller corporate presence. The localized demand and the specific industry mix within this area contribute to this pay differential.
Executive Summary
- Average Salary: $125,510 per year.
- Growth Trend: Salaries have shifted 3.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,330.
- Outlook: With a local workforce of 920 Financial Managers, the job market in West Northwestern Ohio shows a steady presence. The Location Quotient of 0.7 indicates that this region has slightly fewer Financial Managers per worker than the national average, suggesting a stable but not overly saturated employment landscape. The number of jobs per 1,000 workers, at 3.697, further supports a consistent demand for these professionals.
Salary Overview
The average Financial Managers in West Northwestern Ohio nonmetropolitan area earns-32.0%below the national average.
$60.3
$2,414
$10,459
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers in West Northwestern Ohio have experienced gradual growth over the past four years, mirroring national trends. Economic development and increased demand for financial oversight in local businesses likely contribute to a positive, albeit potentially modest, upward trajectory in compensation.
Financial Managers Salary Distribution in West Northwestern Ohio nonmetropolitan area
Salary progression for Financial Managers typically correlates with experience. Entry-level positions will command salaries at the lower end of the spectrum, while senior roles with extensive experience and strategic responsibilities will reach higher compensation levels. The percentile gaps, though not explicitly detailed here, signify the increasing value and earning potential as professionals advance through their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,270 | $28.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,133 | $45.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $110,770 | $53.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,888 | $75.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,330 | $98.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$125,510
Gross Pay
Real Wage (Purchasing Power)
$125,510
Adjusted for COL (100)
The average nominal salary of $125,510 in West Northwestern Ohio 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 the national average, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
920
Total Jobs
3.697
Per 1K Jobs
0.7
Location Quotient
West Northwestern Ohio nonmetropolitan area has 0.70x 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 0.7 suggests that Financial Manager roles are somewhat less concentrated in West Northwestern Ohio compared to the national average. This indicates a market that is not saturated, potentially offering good opportunities for skilled professionals, but also implying that the overall demand might be more localized and tied to specific regional industries rather than broad national economic forces.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Mansfield, OH Financial Managers Salary | $118,740↓ 5% | 29 mi |
| Columbus, OH Financial Managers Salary | $157,480↑ 25% | 32 mi |
| Springfield, OH Financial Managers Salary | $121,810↓ 3% | 63 mi |
| Sandusky, OH Financial Managers Salary | $126,250↑ 1% | 73 mi |
| Lima, OH Financial Managers Salary | $123,660↓ 1% | 75 mi |
Comparing salaries near West Northwestern Ohio nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in West Northwestern Ohio nonmetropolitan area?
The median annual salary for a Financial Managers in West Northwestern Ohio nonmetropolitan area is $125,510. This typically ranges from $59,270 for entry-level positions to $205,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Northwestern Ohio nonmetropolitan area is 32.0% lower than the national median of $184,480.
Is West Northwestern Ohio nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $125,510 is significantly lower than the national average of $184,480. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is West Northwestern Ohio nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in West Northwestern Ohio nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Northwestern Ohio nonmetropolitan area?
Some top paying nearby cities include Mansfield, OH ($118,740) and Columbus, OH.
How does the local workforce size impact job opportunities for Financial Managers?
A local workforce of 920 Financial Managers indicates a substantial, established presence in the region. While not a massive number, it suggests consistent demand and a stable job market for experienced professionals.
What does a Location Quotient of 0.7 mean for Financial Managers in this area?
A Location Quotient of 0.7 signifies that Financial Managers are less concentrated here than the national average. This could mean fewer competing candidates for open positions, potentially benefiting job seekers.
How does the Cost of Living Index affect the perceived salary of a Financial Manager?
With a Cost of Living Index of 100, the $125,510 salary has the same purchasing power as the national average. This means the salary is effectively 'average' in terms of what it can buy locally.
Are there many Financial Manager jobs per capita in West Northwestern Ohio?
With 3.697 jobs per 1,000 workers, the density of Financial Manager roles is slightly below the national average, indicating a moderate level of job availability relative to the general workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 920 employees in the West Northwestern Ohio nonmetropolitan area area with a job density of 3.697 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 Northwestern Ohio nonmetropolitan area