Average Financial Managers Salary in Western Washington nonmetropolitan area
Financial Managers in Western Washington's nonmetropolitan areas earn an average annual salary of $168,850. This figure is notably below the national average of $184,480. The localized pay reflects the specific economic dynamics and demand within this particular region, which may differ from broader national trends.
Executive Summary
- Average Salary: $168,850 per year.
- Growth Trend: Salaries have shifted 61.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $253,275.
- Outlook: With a total local workforce of 230 Financial Managers and a Location Quotient of 0.34, the job market in Western Washington's nonmetropolitan areas indicates a lower concentration of these professionals compared to the national average. While the absolute number is modest, the demand, represented by 1.814 jobs per 1,000 workers, suggests a stable, albeit specialized, employment landscape.
Salary Overview
The average Financial Managers in Western Washington nonmetropolitan area earns-8.5%below the national average.
$81.2
$3,247
$14,071
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers in nonmetropolitan areas of Western Washington have experienced steady growth over the past four years, mirroring national trends of increasing compensation for finance professionals. This growth is typically driven by inflation, evolving industry demands, and the increasing complexity of financial management.
Financial Managers Salary Distribution in Western Washington nonmetropolitan area
Salary progression for Financial Managers in Western Washington's nonmetropolitan areas typically scales with experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise and strategic oversight, will be compensated at the higher end of the spectrum. The percentile gaps in salary distribution signify clear career progression pathways and the increasing value placed on seasoned financial leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $98,820 | $47.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $126,638 | $60.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $157,320 | $75.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $211,063 | $101.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $253,275 | $121.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$168,850
Gross Pay
Real Wage (Purchasing Power)
$168,850
Adjusted for COL (100)
The nominal average annual salary of $168,850 in Western Washington's nonmetropolitan areas 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 their national counterparts, offering a stable financial standing relative to general living expenses.
Job Market Context
230
Total Jobs
1.814
Per 1K Jobs
0.34
Location Quotient
At 0.34x, Western Washington nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.34 for Financial Managers in Western Washington's nonmetropolitan areas suggests that this profession is less concentrated than the national average. This indicates a potentially less competitive market for employers seeking talent, but also implies that opportunities might be more specialized and require a targeted approach for job seekers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Seattle-Tacoma-Bellevue, WA Financial Managers Salary | $201,110↑ 19% | 42 mi |
| Wenatchee-East Wenatchee, WA Financial Managers Salary | $169,330↑ 0% | 54 mi |
| Bremerton-Silverdale-Port Orchard, WA Financial Managers Salary | $167,180↓ 1% | 58 mi |
| Olympia-Lacey-Tumwater, WA Financial Managers Salary | $151,070↓ 11% | 70 mi |
| Yakima, WA Financial Managers Salary | $159,440↓ 6% | 71 mi |
Comparing salaries near Western Washington nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Western Washington nonmetropolitan area?
The median annual salary for a Financial Managers in Western Washington nonmetropolitan area is $168,850. This typically ranges from $98,820 for entry-level positions to $253,275 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western Washington nonmetropolitan area is 8.5% lower than the national median of $184,480.
Is Western Washington nonmetropolitan area a lucrative place for Financial Managers?
No, but it offers stable compensation.While the average salary of $168,850 is below the national average, it is matched by a national average cost of living. This provides stable purchasing power, though not necessarily higher earning potential compared to national benchmarks.
Is Western Washington nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Western Washington nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western Washington nonmetropolitan area?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($201,110) and Wenatchee-East Wenatchee, WA.
How does the Western Washington nonmetropolitan salary compare to the national average?
The average annual salary for Financial Managers in Western Washington's nonmetropolitan areas is $168,850, which is lower than the national average of $184,480.
What is the concentration of Financial Managers in this region?
The concentration, measured by the Location Quotient, is 0.34, indicating a lower presence of Financial Managers compared to the national average.
How does the cost of living affect the salary?
The cost of living in Western Washington's nonmetropolitan areas is at the national average (100), meaning the $168,850 salary has equivalent purchasing power to the national average salary.
What does the job market look like for Financial Managers in this area?
The market is less concentrated than the national average, with 1.814 jobs per 1,000 workers, suggesting a stable but specialized demand for these professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Western Washington nonmetropolitan area area with a job density of 1.814 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 Western Washington nonmetropolitan area