Average Financial Managers Salary in Winston-Salem, NC
Financial Managers in Winston-Salem, NC, command an average annual salary of $160,230. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower demand for highly specialized financial leadership roles influence compensation in this North Carolina city.
Executive Summary
- Average Salary: $160,230 per year.
- Growth Trend: Salaries have shifted 4.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,345.
- Outlook: With a local workforce of 1,030 Financial Managers and a Location Quotient of 0.71, Winston-Salem presents a moderately concentrated market. While not exceeding the national average in terms of job density per worker, the existing workforce indicates a stable, albeit not rapidly expanding, demand for these professionals within the region.
Salary Overview
The average Financial Managers in Winston-Salem, NC earns-13.1%below the national average.
$77
$3,081
$13,353
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Financial Managers across the nation have seen consistent growth over the past four years, driven by increasing complexity in financial regulations and the strategic importance of financial oversight. It is reasonable to assume that Winston-Salem has also experienced a similar upward trend, albeit potentially at a different pace than national averages.
Financial Managers Salary Distribution in Winston-Salem, NC
Salary progression for Financial Managers in Winston-Salem, like elsewhere, is strongly tied to experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive expertise and proven track records can command salaries in the upper percentiles. The gap between these percentiles signifies the significant career growth and earning potential available with advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $90,500 | $43.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,173 | $57.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,870 | $67.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,288 | $96.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,345 | $115.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,230
Gross Pay
Real Wage (Purchasing Power)
$160,230
Adjusted for COL (100)
The average annual salary of $160,230 in Winston-Salem 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 Winston-Salem is equivalent to that of their national counterparts, offering a stable financial environment without the premium often associated with higher cost-of-living metropolitan areas.
Job Market Context
1,030
Total Jobs
3.78
Per 1K Jobs
0.71
Location Quotient
Winston-Salem, NC 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 Managers are slightly less concentrated in Winston-Salem compared to the national average. This suggests that while the profession is established, the market may not be oversaturated, potentially offering good opportunities for skilled professionals, but also implying that the demand might not be as robust as in areas with a higher concentration.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Financial Managers Salary | $171,570↑ 7% | 23 mi |
| Eastern North Carolina nonmetropolitan area Financial Managers Salary | $135,140↓ 16% | 41 mi |
| Western North Carolina nonmetropolitan area Financial Managers Salary | $131,600↓ 18% | 41 mi |
| Central North Carolina nonmetropolitan area Financial Managers Salary | $131,130↓ 18% | 41 mi |
| Burlington, NC Financial Managers Salary | $150,180↓ 6% | 43 mi |
Comparing salaries near Winston-Salem, NC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Winston-Salem, NC?
The median annual salary for a Financial Managers in Winston-Salem, NC is $160,230. This typically ranges from $90,500 for entry-level positions to $240,345 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Winston-Salem, NC is 13.1% lower than the national median of $184,480.
Is Winston-Salem, NC a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $160,230 is substantial, it falls below the national average. However, the cost of living matching the national average provides good purchasing power.
Is Winston-Salem, NC a good place to live for Financial Managers?
The Cost of Living Index in Winston-Salem, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Winston-Salem, NC?
Some top paying nearby cities include Greensboro-High Point, NC ($171,570) and Eastern North Carolina nonmetropolitan area.
What is the average salary for a Financial Manager in Winston-Salem, NC?
The average annual salary for a Financial Manager in Winston-Salem, NC is $160,230.
How does Winston-Salem's cost of living compare to the national average?
Winston-Salem's cost of living index is 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there than the typical US city.
Is the job market for Financial Managers strong in Winston-Salem?
The market is moderately concentrated with a Location Quotient of 0.71, indicating a stable presence of Financial Managers, but not necessarily a booming demand compared to national levels.
How many Financial Managers are there in Winston-Salem, NC?
There are approximately 1,030 Financial Managers working in Winston-Salem, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,030 employees in the Winston-Salem, NC area with a job density of 3.78 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 Winston-Salem, NC