Average Financial Managers Salary in Wilmington, NC
Financial Managers in Wilmington, NC, command an average annual salary of $151,900. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the scale of businesses in the area influence compensation levels. While lower than the national benchmark, this salary reflects the specific economic landscape of Wilmington.
Executive Summary
- Average Salary: $151,900 per year.
- Growth Trend: Salaries have shifted 7.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $223,620.
- Outlook: The job market for Financial Managers in Wilmington, NC, appears stable, with a local workforce of 470 professionals. The Location Quotient of 0.47 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the field is not as densely populated as in other regions. With 2.49 jobs per 1,000 workers, the demand is present but not overwhelmingly high, pointing to a steady but not rapidly expanding market.
Salary Overview
The average Financial Managers in Wilmington, NC earns-17.7%below the national average.
$73
$2,921
$12,658
Financial Managers Salary Trends (2020-2024)
While specific historical data for Wilmington's Financial Manager salaries is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic growth and inflation. This growth would likely be influenced by evolving financial regulations, technological advancements in financial management, and the overall economic health of the region, leading to incremental salary increases for experienced professionals.
Financial Managers Salary Distribution in Wilmington, NC
Salary progression for Financial Managers in Wilmington, NC, typically correlates with experience and responsibility. Entry-level positions might start at a lower percentile of the $151,900 average, while senior roles, such as Chief Financial Officers or Directors of Finance, command salaries significantly higher, potentially reaching the 75th or 90th percentile. These percentile gaps clearly signify the career ladder and the increasing value placed on seasoned financial expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $82,350 | $39.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,925 | $54.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $132,810 | $63.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $189,875 | $91.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $223,620 | $107.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$151,900
Gross Pay
Real Wage (Purchasing Power)
$151,900
Adjusted for COL (100)
The average annual salary of $151,900 in Wilmington, NC, 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 Wilmington is equivalent to that of a Financial Manager earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary translates directly to the local economic reality without significant inflation or deflationary impact.
Job Market Context
470
Total Jobs
2.49
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Wilmington, NC 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 0.47 for Financial Managers in Wilmington, NC, indicates that the concentration of these professionals is less than half of the national average. This suggests that the job market is less saturated compared to national hubs, which could present unique opportunities for skilled individuals. While not a high-demand concentration area, the lower quotient implies a potentially less competitive environment for securing a role, especially for those with specialized skills.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Jacksonville, NC Financial Managers Salary | $133,480↓ 12% | 46 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Financial Managers Salary | $138,360↓ 9% | 67 mi |
| Goldsboro, NC Financial Managers Salary | $180,930↑ 19% | 81 mi |
| Fayetteville, NC Financial Managers Salary | $146,800↓ 3% | 87 mi |
| Greenville, NC Financial Managers Salary | $171,810↑ 13% | 100 mi |
Comparing salaries near Wilmington, NC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Wilmington, NC?
The median annual salary for a Financial Managers in Wilmington, NC is $151,900. This typically ranges from $82,350 for entry-level positions to $223,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wilmington, NC is 17.7% lower than the national median of $184,480.
Is Wilmington, NC a lucrative place for Financial Managers?
No, not compared to the national average.While Financial Managers in Wilmington earn a substantial $151,900 annually, this is below the national average of $184,480. However, the cost of living is on par with the national average, making the salary's purchasing power equivalent.
Is Wilmington, NC a good place to live for Financial Managers?
The Cost of Living Index in Wilmington, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wilmington, NC?
Some top paying nearby cities include Jacksonville, NC ($133,480) and Myrtle Beach-Conway-North Myrtle Beach, SC.
What is the average salary for a Financial Manager in Wilmington, NC?
The average annual salary for a Financial Manager in Wilmington, NC, is $151,900.
How does Wilmington's cost of living compare to the national average?
Wilmington, NC, has a Cost of Living Index of 100, which is exactly the national average.
Is the concentration of Financial Managers high in Wilmington, NC?
No, the concentration is below average, with a Location Quotient of 0.47, indicating fewer Financial Managers per capita than the national average.
How many Financial Managers are there in Wilmington, NC?
There are approximately 470 Financial Managers in the Wilmington, NC, workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Wilmington, NC area with a job density of 2.49 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 Wilmington, NC