Financial Managers Salary in Norwich-New London-Willimantic, CT
Financial Managers in Norwich-New London-Willimantic, CT make a median of $145,390 a year, or about $69.9 an hour. Entry-level workers start around $86K. (BLS did not publish a top-end figure for this area.) Adjusted for local prices (RPP 100.44), that's roughly $144,753 in purchasing power. Rent on a 2-bedroom averages $1,866/month, or 21.7% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $145K get you in Norwich-New London-Willimantic?
About financial managers
Compensation breakdown
Annual earnings by percentile, Norwich-New London-Willimantic, CT
Entry-level financial managers (10th percentile) start around $86K. Mid-career wages sit at $145K.BLS did not publish 90th percentile data for this occupation in this area (sample size too small).
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $216K | +33% | 67,510 |
| New Jersey | $189K | +17% | 32,370 |
| District of Columbia | $181K | +12% | 7,950 |
| Massachusetts | $181K | +12% | 27,690 |
| Delaware | $180K | +11% | 2,800 |
| California | $175K | +8% | 96,860 |
| Washington | $171K | +6% | 13,890 |
| Virginia | $170K | +5% | 20,590 |
| Connecticut | $170K | +5% | 20,200 |
| Georgia | $163K | +1% | 22,720 |
| Rhode Island | $160K | -1% | 2,310 |
| Texas | $160K | -1% | 67,580 |
| North Carolina | $160K | -1% | 21,170 |
| Illinois | $160K | -1% | 53,400 |
| Minnesota | $158K | -2% | 16,520 |
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Norwich-New London-Willimantic numbers change.
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Frequently asked questions
How much do financial managers make in Norwich-New London-Willimantic, CT?
The median is $145,390 a year - that works out to about $69.9 an hour. The range is wide: entry-level workers start around $85,920. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $145K enough to live in Norwich-New London-Willimantic?
On that salary, you'd take home roughly $8,530/month after taxes. A 2-bedroom here rents for about $1,866/month (HUD Fair Market Rent), which eats 21.9% 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 Norwich-New London-Willimantic?
Norwich-New London-Willimantic has a Regional Price Parity of 100.44 (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 $144,753 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.