Average Financial Managers Salary in Western Wyoming nonmetropolitan area
Financial Managers in the Western Wyoming nonmetropolitan area earn an average annual salary of $133,500. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and the overall size of the local financial sector typically influence these localized pay rates.
Executive Summary
- Average Salary: $133,500 per year.
- Growth Trend: Salaries have shifted 2.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,250.
- Outlook: The job market for Financial Managers in Western Wyoming appears stable, albeit with a smaller footprint compared to national averages. With a total local workforce of 230 and a Location Quotient of 0.42, the concentration of these roles is less than half the national average, suggesting a niche but potentially consistent demand within the existing economic structure.
Salary Overview
The average Financial Managers in Western Wyoming nonmetropolitan area earns-27.6%below the national average.
$64.2
$2,567
$11,125
Financial Managers Salary Trends (2020-2024)
While specific historical data for Western Wyoming is not provided, it is generally assumed that salaries for Financial Managers have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing complexity in financial regulations, the need for strategic financial planning, and the overall expansion of businesses requiring sophisticated financial oversight.
Financial Managers Salary Distribution in Western Wyoming nonmetropolitan area
Salary progression for Financial Managers in Western Wyoming, as elsewhere, is strongly tied to experience and demonstrated expertise. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive experience in strategic financial planning, risk management, and leadership will see significant increases. The percentile gaps between different experience levels highlight clear pathways for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,240 | $32.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,125 | $48.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $121,420 | $58.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $166,875 | $80.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,250 | $97.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$133,500
Gross Pay
Real Wage (Purchasing Power)
$133,500
Adjusted for COL (100)
The average annual salary of $133,500 in Western Wyoming'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 stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
2.23
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Western Wyoming 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.
A Location Quotient of 0.42 indicates that Financial Manager roles are less concentrated in Western Wyoming compared to the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a more specialized or less competitive environment for skilled professionals seeking positions in this sector.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Casper, WY Financial Managers Salary | $131,870↓ 1% | 50 mi |
Comparing salaries near Western Wyoming nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Western Wyoming nonmetropolitan area?
The median annual salary for a Financial Managers in Western Wyoming nonmetropolitan area is $133,500. This typically ranges from $68,240 for entry-level positions to $202,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Western Wyoming nonmetropolitan area is 27.6% lower than the national median of $184,480.
Is Western Wyoming nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $133,500 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average does provide good purchasing power for the salary offered.
Is Western Wyoming nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Western Wyoming nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Western Wyoming nonmetropolitan area?
Some top paying nearby cities include Casper, WY ($131,870) and others.
How does the number of Financial Managers in Western Wyoming compare nationally?
With only 2.23 Financial Managers per 1,000 workers, the presence of these professionals is less than half the national concentration, indicating a smaller but potentially specialized job market.
What is the significance of the Location Quotient for Financial Managers in Western Wyoming?
A Location Quotient of 0.42 signifies that Financial Manager roles are less prevalent in Western Wyoming than the national average, suggesting a lower concentration of these specialized positions within the local economy.
How does the Cost of Living in Western Wyoming affect the Financial Manager salary?
With a Cost of Living Index of 100, the salary of $133,500 offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower than typical U.S. cities.
What does the total local workforce of 230 Financial Managers imply?
A total of 230 Financial Managers indicates a relatively small but established presence of the profession within the Western Wyoming nonmetropolitan area, suggesting focused opportunities within specific industries.
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 Wyoming nonmetropolitan area area with a job density of 2.23 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 Wyoming nonmetropolitan area