Average Financial Specialists, All Other Salary in Cleveland, OH
Financial Specialists, All Other in Cleveland, OH earn an average annual salary of $88,100. This figure is slightly below the national average of $94,320, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the Cleveland metropolitan area.
Executive Summary
- Average Salary: $88,100 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,390.
- Outlook: Cleveland's market for Financial Specialists, All Other, while not as concentrated as some national hubs, shows a healthy presence with a total local workforce of 910 individuals. The Location Quotient of 1.06 indicates a slightly higher concentration of these roles in Cleveland compared to the national average, suggesting a stable and consistent demand for these financial experts within the region.
Salary Overview
The average Financial Specialists, All Other in Cleveland, OH earns-6.6%below the national average.
$42.4
$1,694
$7,342
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data for Cleveland's Financial Specialists, All Other is not provided, it is generally observed that roles within the financial sector have experienced steady salary growth over the past four years, driven by increasing complexity in financial markets and a consistent need for specialized expertise. This trend is likely reflected in Cleveland as well, with professionals seeing incremental increases in compensation.
Financial Specialists, All Other Salary Distribution in Cleveland, OH
The salary trajectory for Financial Specialists, All Other typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized skills can command salaries well into the upper percentiles, reflecting a clear career progression and the value placed on accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,410 | $25.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,075 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,860 | $41.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,125 | $52.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $122,390 | $58.8 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$88,100
Gross Pay
Real Wage (Purchasing Power)
$88,100
Adjusted for COL (100)
The nominal average salary of $88,100 in Cleveland, OH, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Financial Specialist's salary in Cleveland is equivalent to the national average, offering a stable financial environment for residents without the premium often associated with higher cost-of-living areas.
Job Market Context
910
Total Jobs
0.88
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Cleveland, OH has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
With a Location Quotient of 1.06, Cleveland demonstrates a slightly higher concentration of Financial Specialists, All Other than the national average. This suggests a competitive yet accessible job market where employers actively seek these professionals, indicating a good balance between job availability and the number of specialists in the area.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Financial Specialists, All Other Salary | $80,880↓ 8% | 29 mi |
| Canton-Massillon, OH Financial Specialists, All Other Salary | $90,310↑ 3% | 49 mi |
| Youngstown-Warren, OH Financial Specialists, All Other Salary | $73,440↓ 17% | 60 mi |
Comparing salaries near Cleveland, OH
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Cleveland, OH?
The median annual salary for a Financial Specialists, All Other in Cleveland, OH is $88,100. This typically ranges from $52,410 for entry-level positions to $122,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 6.6% lower than the national median of $94,320.
Is Cleveland, OH a lucrative place for Financial Specialists, All Others?
Yes, with a stable cost of living.While the average salary is slightly below the national average, Cleveland offers a cost of living that matches the national index, making the $88,100 salary quite competitive in terms of purchasing power.
Is Cleveland, OH a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($80,880) and Canton-Massillon, OH.
How does Cleveland's Financial Specialist salary compare to the national average?
The average annual salary for Financial Specialists, All Other in Cleveland, OH is $88,100, which is approximately 6.6% lower than the national average of $94,320.
What is the concentration of Financial Specialists, All Other in Cleveland?
Cleveland has a Location Quotient of 1.06 for Financial Specialists, All Other, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living in Cleveland affect salary perception?
Cleveland's Cost of Living Index is 100, which is the national average. This means the $88,100 salary has the same purchasing power as the national average salary in a national average cost of living area.
What is the total number of Financial Specialists, All Other employed in Cleveland?
There are approximately 910 Financial Specialists, All Other employed in the Cleveland, OH area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 910 employees in the Cleveland, OH area with a job density of 0.88 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Specialists, All Other Salaries by State
Top Jobs in Cleveland, OH
- All Occupations Salary in Cleveland, OH
- Office and Administrative Support Occupations Salary in Cleveland, OH
- Food Preparation and Serving Related Occupations Salary in Cleveland, OH
- Transportation and Material Moving Occupations Salary in Cleveland, OH
- Healthcare Practitioners and Technical Occupations Salary in Cleveland, OH
- Production Occupations Salary in Cleveland, OH
- Sales and Related Occupations Salary in Cleveland, OH
- Management Occupations Salary in Cleveland, OH
- Business and Financial Operations Occupations Salary in Cleveland, OH
- Educational Instruction and Library Occupations Salary in Cleveland, OH
- Browse All Jobs in Cleveland, OH →
Semantic Salary Analysis for Financial Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Cleveland, OH