Average Financial Managers Salary in Yakima, WA
Financial Managers in Yakima, WA, can expect an average annual salary of $159,440. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in Yakima influence compensation levels for this critical role. The specific economic landscape and demand within the Yakima region play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $159,440 per year.
- Growth Trend: Salaries have shifted 23.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $225,590.
- Outlook: The Financial Manager job market in Yakima, WA, is characterized by a total local workforce of 200 professionals in this field. With a Location Quotient of 0.38, the concentration of these roles is below the national average, indicating a less saturated but potentially more specialized market. The presence of 2.014 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for financial management expertise within the area.
Salary Overview
The average Financial Managers in Yakima, WA earns-13.6%below the national average.
$76.7
$3,066
$13,287
Financial Managers Salary Trends (2020-2024)
While specific historical data for Yakima is not provided, it is generally assumed that salaries for Financial Managers have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity in financial regulations, and the ever-present need for skilled professionals to manage corporate finances effectively. Therefore, professionals in Yakima likely have seen their earning potential increase over time.
Financial Managers Salary Distribution in Yakima, WA
The salary range for Financial Managers in Yakima, WA, naturally scales with experience. Entry-level positions will command salaries at the lower end of the spectrum, while senior roles, requiring extensive experience and specialized skills, will be compensated at the higher percentiles. The gap between these entry-level and senior salaries signifies clear career progression pathways and the increasing value placed on seasoned financial leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $85,390 | $41.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $119,580 | $57.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $156,830 | $75.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $199,300 | $95.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $225,590 | $108.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$159,440
Gross Pay
Real Wage (Purchasing Power)
$159,440
Adjusted for COL (100)
A nominal salary of $159,440 in Yakima, WA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Yakima is equivalent to that of the average American. While the salary is below the national average for the role, the cost of living being at par suggests that the take-home pay offers a comparable standard of living to many other regions.
Job Market Context
200
Total Jobs
2.014
Per 1K Jobs
0.38
Location Quotient
At 0.38x, Yakima, WA has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.38, the Financial Manager job market in Yakima, WA, is less concentrated than the national average. This suggests that while there are fewer Financial Managers relative to the overall workforce compared to the rest of the country, the demand is still present, as indicated by 2.014 jobs per 1,000 workers. This lower concentration might imply less competition for experienced professionals but also potentially fewer opportunities compared to more saturated markets.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Wenatchee-East Wenatchee, WA Financial Managers Salary | $169,330↑ 6% | 59 mi |
| Kennewick-Richland, WA Financial Managers Salary | $174,100↑ 9% | 71 mi |
| Western Washington nonmetropolitan area Financial Managers Salary | $168,850↑ 6% | 71 mi |
| Eastern Washington nonmetropolitan area Financial Managers Salary | $157,350↓ 1% | 71 mi |
Comparing salaries near Yakima, WA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Yakima, WA?
The median annual salary for a Financial Managers in Yakima, WA is $159,440. This typically ranges from $85,390 for entry-level positions to $225,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Yakima, WA is 13.6% lower than the national median of $184,480.
Is Yakima, WA a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $159,440 is substantial, it falls below the national average of $184,480 for Financial Managers. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Yakima, WA a good place to live for Financial Managers?
The Cost of Living Index in Yakima, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Yakima, WA?
Some top paying nearby cities include Wenatchee-East Wenatchee, WA ($169,330) and Kennewick-Richland, WA.
How does Yakima's Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Yakima, WA, is $159,440, which is lower than the national average of $184,480.
What is the cost of living in Yakima, WA for Financial Managers?
The cost of living in Yakima, WA, is at the national average of 100, meaning it is neither more nor less expensive to live there than the typical U.S. location.
How concentrated is the Financial Manager job market in Yakima, WA?
The Financial Manager job market in Yakima has a Location Quotient of 0.38, indicating it is less concentrated than the national average.
How many Financial Manager jobs are there per 1,000 workers in Yakima, WA?
There are approximately 2.014 Financial Manager jobs per 1,000 workers in Yakima, WA.
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 Yakima, WA area with a job density of 2.014 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 Yakima, WA