Average Financial Managers Salary in Williamsport, PA
Financial Managers in Williamsport, PA, can expect an average annual salary of $122,940. This figure is notably below the national average of $184,480, reflecting the specific economic dynamics and demand within the Williamsport metropolitan area. Local industry needs and the overall economic landscape of Pennsylvania's central region play a significant role in shaping compensation for these critical finance professionals.
Executive Summary
- Average Salary: $122,940 per year.
- Growth Trend: Salaries have shifted 14.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $174,730.
- Outlook: With a local workforce of 200 Financial Managers and a Location Quotient of 0.76, the job market in Williamsport, PA, indicates a slightly lower concentration compared to the national average. While not a major hub for this profession, the presence of 4.024 jobs per 1,000 workers suggests a stable, albeit niche, demand for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Williamsport, PA earns-33.4%below the national average.
$59.1
$2,364
$10,245
Financial Managers Salary Trends (2020-2024)
While specific historical data for Williamsport, PA, is not provided, it is reasonable to assume that salaries for Financial Managers have experienced a steady upward trend over the past four years, mirroring national patterns. Economic growth, inflation, and increasing complexity in financial operations typically drive incremental salary increases for experienced professionals in this field.
Financial Managers Salary Distribution in Williamsport, PA
The career trajectory for Financial Managers in Williamsport, PA, likely follows a typical progression, with entry-level positions offering a lower end of the salary spectrum and senior roles commanding significantly higher compensation. The percentile gaps between junior and senior roles signify substantial earning potential as professionals gain experience, develop specialized skills, and take on greater responsibilities within organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,290 | $32.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,205 | $44.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,620 | $52.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $153,675 | $73.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $174,730 | $84 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$122,940
Gross Pay
Real Wage (Purchasing Power)
$122,940
Adjusted for COL (100)
A Financial Manager earning $122,940 in Williamsport, PA, finds their nominal salary perfectly aligned with the local cost of living, which stands at the national average of 100. This means that the purchasing power of their income is neither enhanced nor diminished by local living expenses, offering a balanced financial standing relative to the rest of the country.
Job Market Context
200
Total Jobs
4.024
Per 1K Jobs
0.76
Location Quotient
Williamsport, PA has 0.76x 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.
The Location Quotient of 0.76 for Financial Managers in Williamsport, PA, suggests that the profession is less concentrated locally than the national average. This indicates a moderately competitive job market where demand is present but not overwhelming, potentially offering good opportunities for skilled professionals without the intense competition found in larger metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northwestern Pennsylvania nonmetropolitan area Financial Managers Salary | $119,690↓ 3% | 9 mi |
| Central Pennsylvania nonmetropolitan area Financial Managers Salary | $130,150↑ 6% | 9 mi |
| Southwestern Pennsylvania nonmetropolitan area Financial Managers Salary | $140,290↑ 14% | 9 mi |
| Northeastern Pennsylvania nonmetropolitan area Financial Managers Salary | $122,380↓ 0% | 9 mi |
| State College, PA Financial Managers Salary | $161,030↑ 31% | 53 mi |
Comparing salaries near Williamsport, PA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Williamsport, PA?
The median annual salary for a Financial Managers in Williamsport, PA is $122,940. This typically ranges from $67,290 for entry-level positions to $174,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Williamsport, PA is 33.4% lower than the national median of $184,480.
Is Williamsport, PA a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $122,940 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Williamsport, PA a good place to live for Financial Managers?
The Cost of Living Index in Williamsport, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Williamsport, PA?
Some top paying nearby cities include Northwestern Pennsylvania nonmetropolitan area ($119,690) and Central Pennsylvania nonmetropolitan area.
How does the Williamsport, PA salary compare to the national average?
The average salary for Financial Managers in Williamsport, PA, is $122,940, which is considerably lower than the national average of $184,480.
What is the cost of living in Williamsport, PA for Financial Managers?
The cost of living in Williamsport, PA, is exactly at the national average, indexed at 100, meaning your salary has average purchasing power.
Is there high demand for Financial Managers in Williamsport, PA?
The demand is moderate, with 4.024 jobs per 1,000 workers and a Location Quotient of 0.76, indicating a slightly lower concentration than the national average.
What is the total number of Financial Managers in Williamsport, PA?
There are approximately 200 Financial Managers employed in the Williamsport, PA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Williamsport, PA area with a job density of 4.024 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 Williamsport, PA