Average Financial Specialists, All Other Salary in Maine
Financial Specialists, All Other in Maine command an impressive average annual salary of $126,550, significantly surpassing the national average of $94,320. This elevated compensation is likely driven by a combination of specialized local industry demands and a potentially higher cost of living within the state, making Maine a competitive market for these professionals.
Executive Summary
- Average Salary: $126,550 per year.
- Growth Trend: Salaries have shifted 89.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $189,825.
- Outlook: With a local workforce of 740 Financial Specialists, All Other, Maine demonstrates a notable concentration of these roles, indicated by a Location Quotient of 1.42. This suggests a robust demand and a specialized ecosystem for these financial experts within the state, implying a stable and potentially growing job market for qualified individuals.
Salary Overview
The average Financial Specialists, All Other in Maine earns+34.2%above the national average.
$60.8
$2,434
$10,546
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Financial Specialists, All Other in Maine has experienced consistent growth over the past four years, mirroring national trends of increasing demand for financial expertise and the general upward pressure on wages in specialized fields.
Financial Specialists, All Other Salary Distribution in Maine
The career trajectory for Financial Specialists, All Other typically involves significant salary progression. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to reach the higher percentiles, reflecting a substantial increase in earning potential as expertise and responsibility grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,240 | $26.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,913 | $45.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,780 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $158,188 | $76.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $189,825 | $91.3 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$126,550
Gross Pay
Real Wage (Purchasing Power)
$113,498
Adjusted for COL (111.5)
While the average salary of $126,550 in Maine is substantial, the local Cost of Living Index of 111.5 indicates that expenses are approximately 11.5% higher than the national average. This means that while the nominal salary is attractive, the purchasing power of that income will be somewhat diminished compared to living in a more cost-neutral area.
Job Market Context
740
Total Jobs
1.172
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Maine has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
A Location Quotient of 1.42 for Financial Specialists, All Other in Maine signifies that this profession is 42% more concentrated in Maine than the national average. This suggests a strong, specialized demand for these roles within the state, indicating a competitive but potentially rewarding market for those seeking employment or career advancement in this sector.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Portland-South Portland, ME Financial Specialists, All Other Salary | $85,440↓ 32% | 83 mi |
Comparing salaries near Maine
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Maine?
The median annual salary for a Financial Specialists, All Other in Maine is $126,550. This typically ranges from $54,240 for entry-level positions to $189,825 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Maine is 34.2% higher than the national median of $94,320.
Is Maine a lucrative place for Financial Specialists, All Others?
Yes, Maine offers a lucrative environment for Financial Specialists, All Others.The average salary significantly exceeds the national average, and the high concentration of these roles indicates strong local demand.
Is Maine a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Maine is 111.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Maine?
Some top paying nearby cities include Portland-South Portland, ME ($85,440) and others.
How does Maine's salary for Financial Specialists compare to the national average?
Financial Specialists, All Other in Maine earn an average of $126,550 annually, which is considerably higher than the national average of $94,320.
What does the Location Quotient of 1.42 mean for job seekers?
A Location Quotient of 1.42 indicates that Financial Specialists, All Other are more concentrated in Maine than nationally, suggesting a higher demand and potentially more specialized job opportunities within the state.
How does the Cost of Living in Maine affect the salary?
With a Cost of Living Index of 111.5, Maine is more expensive than the national average. This means that while the nominal salary is high, the actual purchasing power of $126,550 is reduced compared to living in a lower-cost area.
What is the total number of Financial Specialists, All Other in Maine?
There are approximately 740 Financial Specialists, All Other employed within the state of Maine.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Maine area with a job density of 1.172 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Maine