Financial Managers Salary
Financial Managers in Worcester, MA make a median of $170,940 a year, or about $82.18 an hour. The range runs from $99K at the entry level to $316K for experienced workers. Adjusted for local prices (RPP 102.52), that's roughly $166,738 in purchasing power. Rent on a 2-bedroom averages $2,056/month, or 19.8% of estimated take-home pay.
So what does $171K get you in Worcester?
Groceries, utilities, transportation, and healthcare scaled from national averages by Worcester’s Regional Price Parity (102.52). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial managers
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What this looks like in Worcester
Financial managers pay in Worcester tracks closely to the national median, $171K locally vs. $167K nationwide, a 3% difference. Housing is manageable: a 2-bedroom at the HUD median costs $2,056/month, 20.7% of take-home, well inside the 30% guideline. Cost of living (RPP 102.52) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for financial managers in metros near Worcester, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Boston-Cambridge-Newton | $210K | $194K |
| Springfield | $176K | $183K |
| Barnstable Town | $156K | $159K |
| Amherst Town-Northampton | $145K | $145K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Worcester, MA
Entry-level financial managers (10th percentile) start around $99K. Mid-career wages sit at $171K. Top earners bring in $316K or more, a $217K spread from bottom to top.
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Managers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $220K | +32% | 80,810 |
| Massachusetts | $207K | +24% | 26,150 |
| New Jersey | $199K | +20% | 32,510 |
| District of Columbia | $189K | +13% | 8,930 |
| Virginia | $185K | +11% | 20,850 |
| Colorado | $183K | +10% | 10,640 |
| Delaware | $182K | +9% | 2,810 |
| California | $181K | +9% | 93,310 |
| Washington | $175K | +5% | 12,930 |
| Connecticut | $175K | +5% | 20,040 |
| Rhode Island | $167K | +0% | 2,570 |
| Georgia | $167K | +0% | 21,390 |
| North Carolina | $167K | +0% | 22,460 |
| Illinois | $166K | -0% | 52,720 |
| Texas | $165K | -1% | 71,870 |
| Minnesota | $163K | -2% | 16,680 |
| South Dakota | $160K | -4% | 1,000 |
| Kansas | $159K | -4% | 5,190 |
| Maryland | $159K | -5% | 19,770 |
| Oregon | $156K | -6% | 7,610 |
| Florida | $153K | -8% | 48,910 |
| Utah | $150K | -10% | 8,860 |
| Pennsylvania | $146K | -13% | 32,180 |
| New Hampshire | $145K | -13% | 4,330 |
| Missouri | $143K | -14% | 13,330 |
| Tennessee | $141K | -15% | 17,630 |
| Ohio | $141K | -15% | 27,360 |
| Alabama | $141K | -16% | 7,200 |
| Nebraska | $140K | -16% | 5,630 |
| Arizona | $140K | -16% | 14,900 |
| Wisconsin | $140K | -16% | 15,530 |
| Michigan | $139K | -16% | 22,490 |
| South Carolina | $136K | -18% | 9,020 |
| North Dakota | $136K | -18% | 2,140 |
| Indiana | $136K | -18% | 12,560 |
| Hawaii | $134K | -19% | 3,790 |
| New Mexico | $134K | -20% | 2,530 |
| Maine | $134K | -20% | 3,120 |
| Iowa | $133K | -20% | 9,130 |
| Nevada | $132K | -20% | 8,090 |
| Oklahoma | $132K | -20% | 6,670 |
| Montana | $131K | -21% | 1,510 |
| Kentucky | $131K | -22% | 6,630 |
| Vermont | $129K | -23% | 1,790 |
| Idaho | $127K | -24% | 3,120 |
| Alaska | $127K | -24% | 2,020 |
| Louisiana | $127K | -24% | 7,070 |
| Wyoming | $125K | -25% | 730 |
| Arkansas | $117K | -30% | 7,120 |
| West Virginia | $113K | -32% | 2,610 |
| Mississippi | $111K | -33% | 3,470 |
Showing 1–10 of 51 (all 50 states + DC)
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Worcester numbers change.
Related careers in Management
Frequently asked questions
Can a financial manager afford a 2BR apartment alone in Worcester?
Yes — at the median salary of $171K, rent takes 20.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,056/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial managers in Worcester?
The 10th-percentile wage — what new financial managers typically earn — is $99K/year. Take-home on that works out to about $5,932/month. At HUD’s $2,056/month FMR, rent would take 35% 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 Worcester?
Pay here is roughly in line with the national average — $171K locally vs. $167K nationally, a 3% difference.
How does Worcester compare to the national average for financial managers?
Worcester pays $171K median vs. the U.S. average of $167K — that’s +3%. After adjusting for local cost of living (RPP 102.52), the purchasing-power equivalent is $167K — still ahead of the national median.
How much do financial managers make in Worcester, MA?
The median is $170,940 a year, that works out to about $82 an hour. But the range is wide: entry-level workers start around $98,860, and experienced financial managers can clear $316,350. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $171K enough to live in Worcester?
On that salary, you'd take home roughly $9,920/month after taxes. A 2-bedroom here rents for about $2,056/month, which eats 20.7% 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 Worcester?
Worcester has a Regional Price Parity of 102.52 (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 $166,738 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.