Average Financial Managers Salary in Western Wisconsin nonmetropolitan area
Financial Managers in Western Wisconsin's nonmetropolitan area earn an average annual salary of $138,080. This figure is notably lower than the national average of $184,480, reflecting the distinct economic landscape and demand dynamics of this region compared to major metropolitan hubs. The localized pay structure is intrinsically tied to the specific industry needs and the overall economic output of the area.
Executive Summary
- Average Salary: $138,080 per year.
- Growth Trend: Salaries have shifted 8.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,970.
- Outlook: The financial management sector in this Western Wisconsin nonmetropolitan area, with a total workforce of 300 professionals, indicates a niche market. The Location Quotient of 0.44 suggests a lower concentration of these roles compared to the national average, implying that while opportunities exist, they are not as densely populated as in other regions. This concentration level points to a stable, albeit less saturated, job market for financial managers.
Salary Overview
The average Financial Managers in Western Wisconsin nonmetropolitan area earns-25.2%below the national average.
$66.4
$2,655
$11,507
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers have experienced gradual growth over the past four years, mirroring broader economic trends. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations, even in less urbanized settings.
Financial Managers Salary Distribution in Western Wisconsin nonmetropolitan area
Salary progression for Financial Managers in Western Wisconsin nonmetropolitan areas typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles underscores the value placed on accumulated knowledge, leadership capabilities, and a proven track record in financial oversight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,800 | $35 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,560 | $49.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,610 | $61.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,600 | $83 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,970 | $101.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$138,080
Gross Pay
Real Wage (Purchasing Power)
$138,080
Adjusted for COL (100)
The average annual salary of $138,080 in Western Wisconsin's nonmetropolitan area 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 balanced lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
300
Total Jobs
2.362
Per 1K Jobs
0.44
Location Quotient
At 0.44x, Western Wisconsin 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.
With a Location Quotient of 0.44, the job market for Financial Managers in this Western Wisconsin nonmetropolitan area is less concentrated than the national average. This suggests that while there is a demand for these professionals, the competition might be less intense compared to areas with a higher concentration of financial services. It presents a unique opportunity for skilled individuals seeking a less saturated professional environment.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Wausau, WI Financial Managers Salary | $146,850↑ 6% | 48 mi |
| Oshkosh-Neenah, WI Financial Managers Salary | $159,260↑ 15% | 55 mi |
| Appleton, WI Financial Managers Salary | $145,550↑ 5% | 61 mi |
| Fond du Lac, WI Financial Managers Salary | $143,560↑ 4% | 68 mi |
| Green Bay, WI Financial Managers Salary | $149,880↑ 9% | 82 mi |
Comparing salaries near Western Wisconsin nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Western Wisconsin nonmetropolitan area?
The median annual salary for a Financial Managers in Western Wisconsin nonmetropolitan area is $138,080. This typically ranges from $72,800 for entry-level positions to $210,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western Wisconsin nonmetropolitan area is 25.2% lower than the national median of $184,480.
Is Western Wisconsin nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $138,080 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average mitigates this difference in purchasing power.
Is Western Wisconsin nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Western Wisconsin nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western Wisconsin nonmetropolitan area?
Some top paying nearby cities include Wausau, WI ($146,850) and Oshkosh-Neenah, WI.
How does the number of Financial Managers in Western Wisconsin compare nationally?
With only 2.362 Financial Managers per 1,000 workers, this region has a significantly lower concentration compared to the national average, as indicated by a Location Quotient of 0.44.
What is the total number of Financial Managers in this area?
The total local workforce for Financial Managers in this Western Wisconsin nonmetropolitan area comprises approximately 300 professionals.
Does the cost of living affect the Financial Manager salary in Western Wisconsin?
The cost of living in this area is exactly at the national average (100), meaning the $138,080 salary offers purchasing power equivalent to the national average.
Is there high demand for Financial Managers in Western Wisconsin?
The demand is moderate, evidenced by a lower-than-average concentration (LQ of 0.44) and a relatively small workforce size, suggesting a stable but not rapidly expanding market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Western Wisconsin nonmetropolitan area area with a job density of 2.362 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 Wisconsin nonmetropolitan area