Average Financial Managers Salary in Winchester, VA-WV
Financial Managers in Winchester, VA-WV earn an average annual salary of $158,340, which is below the national average of $184,480. This localized pay rate is influenced by the specific economic conditions and demand within the Winchester metropolitan area, reflecting a unique balance between local market needs and the broader financial sector.
Executive Summary
- Average Salary: $158,340 per year.
- Growth Trend: Salaries have shifted 23.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $237,510.
- Outlook: The Winchester, VA-WV area supports a local workforce of 260 Financial Managers, with a jobs-per-thousand-workers ratio of 3.767. The Location Quotient of 0.71 suggests that while the concentration of these roles is slightly below the national average, the steady presence of a dedicated workforce indicates a stable, albeit not hyper-concentrated, demand for financial expertise in the region.
Salary Overview
The average Financial Managers in Winchester, VA-WV earns-14.2%below the national average.
$76.1
$3,045
$13,195
Financial Managers Salary Trends (2020-2024)
While specific historical data for Winchester is not provided, it is generally observed that salaries for Financial Managers across the nation have experienced consistent growth over the past four years, driven by increasing complexity in financial regulations, evolving market dynamics, and the persistent need for strategic financial oversight. This upward trend is likely reflected to some degree in the Winchester market, adapting to broader economic shifts.
Financial Managers Salary Distribution in Winchester, VA-WV
The career trajectory for Financial Managers in Winchester, much like elsewhere, typically sees significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise, manage larger portfolios, and take on more strategic responsibilities, their earning potential escalates considerably, with senior roles commanding top-tier compensation reflecting advanced skills and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,250 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $118,755 | $57.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,570 | $67.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $197,925 | $95.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $237,510 | $114.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$158,340
Gross Pay
Real Wage (Purchasing Power)
$158,340
Adjusted for COL (100)
With an average annual salary of $158,340 and a Cost of Living Index precisely at the national average of 100, Financial Managers in Winchester, VA-WV can expect their nominal earnings to translate directly to purchasing power. This means the local cost of goods and services aligns with national benchmarks, offering a stable financial environment for those considering relocation or residing in the area.
Job Market Context
260
Total Jobs
3.767
Per 1K Jobs
0.71
Location Quotient
Winchester, VA-WV has 0.71x 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.
A Location Quotient of 0.71 indicates that Financial Manager roles are somewhat less concentrated in Winchester, VA-WV compared to the national average. This suggests a moderately competitive job market where opportunities exist, but the sheer volume of openings might be lower than in more heavily saturated metropolitan areas, potentially offering a good balance for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Hagerstown-Martinsburg, MD-WV Financial Managers Salary | $136,240↓ 14% | 40 mi |
| Chambersburg, PA Financial Managers Salary | $129,320↓ 18% | 59 mi |
| Harrisonburg, VA Financial Managers Salary | $161,880↑ 2% | 63 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Financial Managers Salary | $193,890↑ 22% | 64 mi |
| Gettysburg, PA Financial Managers Salary | $130,550↓ 18% | 68 mi |
Comparing salaries near Winchester, VA-WV
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Winchester, VA-WV?
The median annual salary for a Financial Managers in Winchester, VA-WV is $158,340. This typically ranges from $77,250 for entry-level positions to $237,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winchester, VA-WV is 14.2% lower than the national median of $184,480.
Is Winchester, VA-WV a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $158,340 is substantial, it falls short of the national average of $184,480. However, the cost of living being at the national average means the purchasing power of this salary is stable.
Is Winchester, VA-WV a good place to live for Financial Managers?
The Cost of Living Index in Winchester, VA-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winchester, VA-WV?
Some top paying nearby cities include Hagerstown-Martinsburg, MD-WV ($136,240) and Chambersburg, PA.
How does Winchester's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Winchester, VA-WV is $158,340, which is approximately 14% lower than the national average of $184,480.
What is the Cost of Living in Winchester, VA-WV?
Winchester, VA-WV has a Cost of Living Index of 100, which is exactly the national average, meaning the general cost of goods and services is comparable nationwide.
How many Financial Managers are there in Winchester, VA-WV?
The local workforce for Financial Managers in Winchester, VA-WV consists of approximately 260 individuals.
Is the job market for Financial Managers concentrated in Winchester?
The Location Quotient of 0.71 suggests that Financial Manager roles are slightly less concentrated in Winchester compared to the national average, indicating a moderate level of market saturation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Winchester, VA-WV area with a job density of 3.767 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 Winchester, VA-WV