Average Financial Risk Specialists Salary in Utica-Rome, NY
The average salary for Financial Risk Specialistss in Utica-Rome, NY is $108,200. While this is lower than the national average, the cost of living in Utica-Rome, NY may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $108,200 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,500.
- Outlook: The current demand for Financial Risk Specialistss is stable, with a local workforce of approximately 30 professionals. This role remains a specialized component of the broader Utica-Rome, NY economy.
Salary Overview
The average Financial Risk Specialists in Utica-Rome, NY earns-10.7%below the national average.
$52
$2,081
$9,017
Financial Risk Specialists Salary Trends (2020-2024)
Historical trend data for Financial Risk Specialists in Utica-Rome, NY is limited, but current market signals indicate a stable demand environment.
Financial Risk Specialists Salary Distribution in Utica-Rome, NY
The earning potential for Financial Risk Specialistss in Utica-Rome, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $52,930, while highly experienced professionals can command wages upwards of $172,500.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,930 | $25.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,150 | $39 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,810 | $50.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $135,250 | $65 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,500 | $82.9 |
Detailed Financial Risk Specialists Market Analysis
Relocation Context
Nominal Salary
$108,200
Gross Pay
Real Wage (Purchasing Power)
$108,200
Adjusted for COL (100)
In Utica-Rome, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $108,200 to $108,200.
Job Market Context
30
Total Jobs
0.265
Per 1K Jobs
0.73
Location Quotient
Utica-Rome, NY has 0.73x the national average concentration of Financial Risk Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
30 people work as Financial Risk Specialists in Utica-Rome, NY.
Only 0.265 out of every 1,000 local jobs are Financial Risk Specialists roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Financial Risk Specialists
| City | Salary | Dist. |
|---|---|---|
| Syracuse, NY Financial Risk Specialists Salary | $107,310↓ 1% | 46 mi |
Comparing salaries near Utica-Rome, NY
Hiring Financial Risk Specialistss?
Frequently Asked Questions
How much does a Financial Risk Specialists make in Utica-Rome, NY?
The median annual salary for a Financial Risk Specialists in Utica-Rome, NY is $108,200. This typically ranges from $52,930 for entry-level positions to $172,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Utica-Rome, NY is 10.7% lower than the national median of $121,220.
Is Utica-Rome, NY a good place for Financial Risk Specialistss?
It depends on your priorities. While the average Financial Risk Specialists salary in Utica-Rome, NY is $108,200 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Utica-Rome, NY. See distinct detailed breakdown below.
Is Utica-Rome, NY a good place to live for Financial Risk Specialists?
The Cost of Living Index in Utica-Rome, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Utica-Rome, NY?
Some top paying nearby cities include Syracuse, NY ($107,310) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 30 employees in the Utica-Rome, NY area with a job density of 0.265 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 Risk Specialists • Data source: BLS OEWS 2024 •Jobs in Utica-Rome, NY