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Average Financial Specialists, All Other Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV

Financial Specialists, All Other in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area command an impressive average annual salary of $117,560. This figure significantly surpasses the national average of $94,320, indicating a strong demand for these specialized financial roles within this region. The concentration of government agencies, defense contractors, and a robust private sector likely drives this elevated compensation.

Executive Summary

  • Average Salary: $117,560 per year.
  • Growth Trend: Salaries have shifted 10.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $181,210.
  • Outlook: The local workforce for Financial Specialists, All Other comprises 6,540 individuals, with a substantial location quotient of 2.54. This indicates that the concentration of these professionals in the Washington-Arlington-Alexandria area is more than double the national average. Such a high concentration, coupled with a significant workforce size, suggests a dynamic and robust job market with considerable opportunities for both new entrants and experienced professionals.
2024 Market Data

Salary Overview

$117,560

The average Financial Specialists, All Other in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+24.6%above the national average.

BreakdownBased on 40h/week
Hourly

$56.5

Weekly

$2,261

Monthly

$9,797

Financial Specialists, All Other Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV

Salary progression for Financial Specialists, All Other typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on expertise, strategic insight, and leadership within the financial sector.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$66,770$32.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$88,170$42.4
ManagerOversees team, compliance, and project delivery.50% (Median)$112,420$54
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$146,950$70.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$181,210$87.1

Detailed Financial Specialists, All Other Market Analysis

Relocation Context

Nominal Salary

$117,560

Gross Pay

Real Wage (Purchasing Power)

$117,560

Adjusted for COL (100)

The average annual salary of $117,560 in the Washington-Arlington-Alexandria, DC-VA-MD-WV area is particularly attractive when considering the local Cost of Living Index is exactly at the national average of 100. This means that the nominal salary translates directly to strong purchasing power, allowing professionals to maintain a comparable standard of living to the national average without facing the premium often associated with high-paying metropolitan areas.

Job Market Context

6,540

Total Jobs

2.096

Per 1K Jobs

2.54

Location Quotient

Major Hub

Washington-Arlington-Alexandria, DC-VA-MD-WV has 2.5x the national concentration of Financial Specialists, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 2.54, the Washington-Arlington-Alexandria, DC-VA-MD-WV area exhibits a significantly higher concentration of Financial Specialists, All Other compared to the national average. This suggests a highly specialized and potentially competitive market, where employers actively seek out talent within this niche. The abundance of these roles relative to the national average points to a strong demand driven by the unique economic landscape of the region.

Nearby Job Markets

Nearby Cities for Financial Specialists, All Other

CitySalaryDist.
Maryland nonmetropolitan area Financial Specialists, All Other Salary$69,740↓ 41%17 mi
Baltimore-Columbia-Towson, MD Financial Specialists, All Other Salary$98,510↓ 16%35 mi
Lexington Park, MD Financial Specialists, All Other Salary$125,720↑ 7%55 mi
Hagerstown-Martinsburg, MD-WV Financial Specialists, All Other Salary$86,770↓ 26%63 mi
Winchester, VA-WV Financial Specialists, All Other Salary$92,250↓ 22%64 mi

Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV

Hiring Financial Specialists, All Others?

Frequently Asked Questions

How much does a Financial Specialists, All Other make in Washington-Arlington-Alexandria, DC-VA-MD-WV?

The median annual salary for a Financial Specialists, All Other in Washington-Arlington-Alexandria, DC-VA-MD-WV is $117,560. This typically ranges from $66,770 for entry-level positions to $181,210 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 24.6% higher than the national median of $94,320.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Financial Specialists, All Others?

Yes, it is a highly lucrative area for Financial Specialists, All Others.The average salary of $117,560 is substantially higher than the national average, and the cost of living is on par with the national average, maximizing earning potential.

Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Financial Specialists, All Others?

The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?

Some top paying nearby cities include Maryland nonmetropolitan area ($69,740) and Baltimore-Columbia-Towson, MD.

How does the local salary compare to the national average?

The average annual salary for Financial Specialists, All Other in the Washington-Arlington-Alexandria area is $117,560, which is considerably higher than the national average of $94,320.

What is the concentration of Financial Specialists, All Other in this region?

The region has a Location Quotient of 2.54, meaning the concentration of these professionals is more than 2.5 times the national average, indicating a strong presence.

How does the cost of living affect the salary?

With a Cost of Living Index of 100, the national average, the $117,560 salary offers excellent purchasing power, as it is not diminished by a higher cost of living.

What does the job market look like for this role locally?

The job market is robust, evidenced by a significant local workforce of 6,540 and a high concentration (LQ of 2.54), suggesting strong demand and numerous opportunities.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,540 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 2.096 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV

Semantic Salary Analysis for Financial Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Washington-Arlington-Alexandria, DC-VA-MD-WV