Financial Managers Salary
Financial Managers in Massachusetts make a median of $206,760 a year, or about $99.4 an hour. The range runs from $121K at the entry level to $332K for experienced workers. Adjusted for local prices (RPP 100.09), that's roughly $206,574 in purchasing power. Rent on a 2-bedroom averages $2,347/month, or 19.2% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Massachusetts. Jump to a metro for precise data:
So what does $207K get you in Massachusetts?
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What this looks like in Massachusetts
Massachusetts sits well above the national pay line for financial managers, local pay runs about 24% higher than the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $2,347/month, 19.6% of take-home, well inside the 30% guideline. Cost of living (RPP 100.09) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, Massachusetts offers a genuinely strong financial position for financial managerss at the median.
Compensation breakdown
Annual earnings by percentile, Massachusetts
Entry-level financial managers (10th percentile) start around $121K. Mid-career wages sit at $207K. Top earners bring in $332K or more, a $212K spread from bottom to top.
Financial Managers salary by metro in Massachusetts
6 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Boston-Cambridge-Newton | $210K | +1% | 21,650 |
| Springfield | $176K | -15% | 920 |
| Worcester | $171K | -17% | 1,560 |
| Pittsfield | $162K | -22% | 270 |
| Barnstable Town | $156K | -25% | 320 |
| Amherst Town-Northampton | $145K | -30% | 270 |
Compare to other states
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BLS updates this data quarterly. We'll email you when Massachusetts numbers change.
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Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Massachusetts?
Yes — at the median salary of $207K, rent takes 19.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,347/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Massachusetts?
The 10th-percentile wage — what new financial managers typically earn — is $121K/year. Take-home on that works out to about $7,251/month. At HUD’s $2,347/month FMR, rent would take 32% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial manager a high-paying job in Massachusetts?
Local pay is 24% above the national median — $207K here vs. $167K nationally.
How does Massachusetts compare to the national average for financial managers?
Massachusetts pays $207K median vs. the U.S. average of $167K — that’s +24%. After adjusting for local cost of living (RPP 100.09), the purchasing-power equivalent is $207K — still ahead of the national median.
How much do financial managers make in Massachusetts?
The median is $206,760 a year, that works out to about $99 an hour. But the range is wide: entry-level workers start around $120,850, and experienced financial managers can clear $332,490. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $207K enough to live in Massachusetts?
On that salary, you'd take home roughly $11,965/month after taxes. A 2-bedroom here rents for about $2,347/month, which eats 19.6% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Massachusetts?
Massachusetts has a Regional Price Parity of 100.09 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median financial managers salary is worth about $206,574 in national-average purchasing power.
Where do financial managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.