Average Financial Specialists, All Other Salary in Portland-South Portland, ME
In Portland-South Portland, ME, Financial Specialists, All Other earn an average annual salary of $85,440. This figure is below the national average of $94,320, suggesting that while the demand for these professionals is present, local economic factors or a different industry mix may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $85,440 per year.
- Growth Trend: Salaries have shifted 32.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,990.
- Outlook: The local job market for Financial Specialists, All Other in Portland-South Portland, ME, shows a notable concentration with a Location Quotient of 1.4, indicating a presence that is 40% higher than the national average. With a total local workforce of 330 individuals in this role, this suggests a robust and potentially growing demand within the region, making it an area of interest for those in the field.
Salary Overview
The average Financial Specialists, All Other in Portland-South Portland, ME earns-9.4%below the national average.
$41.1
$1,643
$7,120
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Specialists, All Other in Portland-South Portland, ME, have experienced growth over the past four years, mirroring national trends of increasing compensation driven by inflation, evolving market demands, and the increasing complexity of financial roles.
Financial Specialists, All Other Salary Distribution in Portland-South Portland, ME
Career progression for Financial Specialists, All Other in Portland-South Portland, ME, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior roles and specialized expertise can command salaries well into the upper percentiles, reflecting a clear career ladder and the value placed on seasoned professionals.
| 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) | $64,080 | $30.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,430 | $40.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $106,800 | $51.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,990 | $51.9 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$85,440
Gross Pay
Real Wage (Purchasing Power)
$85,440
Adjusted for COL (100)
The average annual salary of $85,440 in Portland-South Portland, ME, 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 this area is equivalent to the national average, offering a stable financial environment where earnings are neither significantly boosted nor diminished by local living expenses.
Job Market Context
330
Total Jobs
1.158
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Portland-South Portland, ME has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
The Location Quotient of 1.4 for Financial Specialists, All Other in Portland-South Portland, ME, signifies a market that is more concentrated than the national average. This suggests a higher relative demand or a more specialized industry presence for these roles within the Portland-South Portland area, potentially offering more opportunities or a competitive landscape for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Central New Hampshire nonmetropolitan area Financial Specialists, All Other Salary | $82,600↓ 3% | 67 mi |
| Northern New Hampshire nonmetropolitan area Financial Specialists, All Other Salary | $91,980↑ 8% | 67 mi |
| Southwestern New Hampshire nonmetropolitan area Financial Specialists, All Other Salary | $75,280↓ 12% | 67 mi |
| Manchester-Nashua, NH Financial Specialists, All Other Salary | $94,400↑ 10% | 76 mi |
Comparing salaries near Portland-South Portland, ME
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Portland-South Portland, ME?
The median annual salary for a Financial Specialists, All Other in Portland-South Portland, ME is $85,440. This typically ranges from $54,240 for entry-level positions to $107,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-South Portland, ME is 9.4% lower than the national median of $94,320.
Is Portland-South Portland, ME a lucrative place for Financial Specialists, All Others?
No, not significantly more lucrative than the national average.While the average salary of $85,440 is substantial, it falls below the national average of $94,320. However, the cost of living is on par with the national average, and the job market shows a higher concentration than the national average.
Is Portland-South Portland, ME a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Portland-South Portland, ME is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-South Portland, ME?
Some top paying nearby cities include Central New Hampshire nonmetropolitan area ($82,600) and Northern New Hampshire nonmetropolitan area.
How does the Portland-South Portland, ME salary compare to the national average?
The average annual salary for Financial Specialists, All Other in Portland-South Portland, ME is $85,440, which is lower than the national average of $94,320.
What is the cost of living in Portland-South Portland, ME for Financial Specialists?
The cost of living in Portland-South Portland, ME is exactly at the national average, indicated by a Cost of Living Index of 100.
Is there high demand for Financial Specialists in Portland-South Portland, ME?
Yes, the Location Quotient of 1.4 suggests a higher concentration of these jobs compared to the national average, indicating a strong local demand.
How many Financial Specialists work in Portland-South Portland, ME?
There are approximately 330 Financial Specialists, All Other employed within the Portland-South Portland, ME area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Portland-South Portland, ME area with a job density of 1.158 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 Portland-South Portland, ME