Average Financial Managers Salary in Youngstown-Warren, OH
Financial Managers in Youngstown-Warren, OH, can expect an average annual salary of $121,470. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the Youngstown-Warren area. The local job market dynamics and the concentration of specific industries play a significant role in shaping compensation for these vital financial roles.
Executive Summary
- Average Salary: $121,470 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $196,150.
- Outlook: The Youngstown-Warren area supports a local workforce of 560 Financial Managers, indicating a stable, albeit not exceptionally concentrated, presence in the region. With 3.463 jobs per 1,000 workers, the demand is present, though the Location Quotient of 0.65 suggests that the concentration of these roles is lower than the national average. This implies a moderate job market where opportunities exist but may require proactive searching.
Salary Overview
The average Financial Managers in Youngstown-Warren, OH earns-34.2%below the national average.
$58.4
$2,336
$10,123
Financial Managers Salary Trends (2020-2024)
While specific historical data for Youngstown-Warren is not provided, it's generally assumed that salaries for Financial Managers across the U.S. have seen consistent growth over the past four years, driven by inflation, increasing complexity of financial operations, and demand for skilled professionals. This trend likely extends to the Youngstown-Warren region, suggesting that current salary levels may represent an increase from previous years.
Financial Managers Salary Distribution in Youngstown-Warren, OH
Salary progression for Financial Managers in Youngstown-Warren, OH, typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and proven track records can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,870 | $33.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,103 | $43.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $101,540 | $48.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $151,838 | $73 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $196,150 | $94.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$121,470
Gross Pay
Real Wage (Purchasing Power)
$121,470
Adjusted for COL (100)
With an average annual salary of $121,470 and a Cost of Living Index of 100 (matching the national average), Financial Managers in Youngstown-Warren, OH, experience purchasing power that is aligned with the rest of the country. This means that the nominal salary translates directly to the average cost of goods and services, offering a stable financial environment for professionals in the area.
Job Market Context
560
Total Jobs
3.463
Per 1K Jobs
0.65
Location Quotient
Youngstown-Warren, OH has 0.65x 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 0.65 for Financial Managers in Youngstown-Warren, OH, indicates that the profession is less concentrated here compared to the national average. This suggests that while the job market is not saturated, it may also present fewer specialized opportunities or a smaller pool of direct competitors. Professionals might find a balance between available roles and a less intensely competitive environment.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Financial Managers Salary | $134,820↑ 11% | 43 mi |
| Akron, OH Financial Managers Salary | $154,100↑ 27% | 46 mi |
| Weirton-Steubenville, WV-OH Financial Managers Salary | $112,280↓ 8% | 48 mi |
| Pittsburgh, PA Financial Managers Salary | $153,570↑ 26% | 57 mi |
| Cleveland, OH Financial Managers Salary | $160,060↑ 32% | 60 mi |
Comparing salaries near Youngstown-Warren, OH
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Youngstown-Warren, OH?
The median annual salary for a Financial Managers in Youngstown-Warren, OH is $121,470. This typically ranges from $68,870 for entry-level positions to $196,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Youngstown-Warren, OH is 34.2% lower than the national median of $184,480.
Is Youngstown-Warren, OH a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $121,470 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 Youngstown-Warren, OH a good place to live for Financial Managers?
The Cost of Living Index in Youngstown-Warren, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Youngstown-Warren, OH?
Some top paying nearby cities include Canton-Massillon, OH ($134,820) and Akron, OH.
What is the average salary for a Financial Manager in Youngstown-Warren, OH?
The average annual salary for a Financial Manager in Youngstown-Warren, OH, is $121,470.
How does the Youngstown-Warren, OH salary compare to the national average?
The average salary in Youngstown-Warren, OH ($121,470) is considerably lower than the national average of $184,480.
What is the Cost of Living in Youngstown-Warren, OH?
The Cost of Living Index in Youngstown-Warren, OH, is 100, which is exactly the national average.
Is there high demand for Financial Managers in Youngstown-Warren, OH?
The demand is moderate, with 3.463 jobs per 1,000 workers and a Location Quotient of 0.65, indicating a lower concentration than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Youngstown-Warren, OH area with a job density of 3.463 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 Youngstown-Warren, OH