SOC 11-3031

Financial Manager Salary in Norwich-New London-Willimantic, CT

Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Tax Tables: 2026 Fed + CT
COL Index: 121.58 (+21.6% vs US)
Net Compensation Yield 66.0% Realized
$101,727 / net annual direct deposit
Gross Adjusted $154,190 $74.13/hr
Effective Tax Drag 28.02% Combined Jurisdictions
Marginal Top Bracket 24% Federal Statutory
Total Withheld -$43,211 $1,661.97/check
Category 1 of 6

Wage Benchmarking & After-Tax Paycheck Engine

Dynamic statutory tax calculations based on IRS Publication 15-T and state statutory schedules.

$
2,080 annual statutory base hours $74.13 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$9,251/yr)
0% Tax Shield: ~$2,220/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$23,519
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$9,560
Medicare Hospital Insurance
Statutory 1.45%
-$2,236
Connecticut Individual Income Tax
State Marginal Bracket
-$7,896
Net Take-Home Annual Realized
$101,727 ($3,912.60 / check)
Category 2 of 6

Norwich-New London-Willimantic, CT Financial Manager Wage Distribution

Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders

Your Salary: $154,190
MIDDLE 50% (IQR RANGE) 10th $87.9k 25th $120k Median: $154,190 50th (Median) $154k 75th $207k 90th $269k You: $154,190
10th (Entry) $87,900 $42.26/hr
25th (Junior) $119,510 $57.46/hr
50th (Median) $154,190 $74.13/hr
75th (Senior) $206,860 $99.45/hr
90th (Lead/Master) $269,230 $129.44/hr
Career Progression & Licensing Milestones for Financial Manager in Norwich-New London-Willimantic, CT
1
Senior Financial AnalystBachelor's degree (most common O*NET requirement); entry into the field
$87,291$41.97/hr · 0-2 Years
2
Assistant Finance ManagerDemonstrated results in role; works independently on core responsibilities; CPA or CFA designation
$116,172$55.85/hr · 2-5 Years
3
Financial ManagerFull professional competence; leads projects or a small team
$154,218$74.14/hr · 5-9 Years
4
Senior Finance ManagerOwns budget, hiring and outcomes for a department or large program
$203,649$97.91/hr · 9-14 Years
5
Vice President of FinanceExecutive or principal scope; sets strategy across the organization or profession
$299,271$143.88/hr · 14+ Years
Scaled to the Norwich-New London-Willimantic, CT medianView National Financial Manager Salary Data
Adjacent Career Pivots & National Pay Differences
Accountants and Auditors-$82,890/yr
National median: $83,680
Skill overlap: 91%View Salary
Personal Financial Advisors-$61,500/yr
National median: $105,070
Skill overlap: 90%
Loan Officers-$89,880/yr
National median: $76,690
Skill overlap: 90%
Credit Analysts-$83,060/yr
National median: $83,510
Skill overlap: 84%
Category 3 of 6

HUD Fair Market Rent & EPI Living Wage Affordability Index

Evaluating housing affordability vs. net take-home pay in Norwich-New London-Willimantic, CT under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
18% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $1,518/month Requires minimum annual gross of $60,720
HUD Fair Market Rent (2-Bedroom) $1,902/month Requires minimum annual gross of $76,080
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $26.89/hr
Per adult, 2 working adults + 1 child: $26.77/hr
Category 4 of 6

Hourly Wage to Annual & Overtime Matrix

Translating base hourly pay and 1.5× overtime into net take-home pay based on 2,080 annual work hours in Norwich-New London-Willimantic, CT.

Swipe horizontally to inspect full pay schedule
Schedule Total Hours/Wk Gross Annual Est. Taxes Net Take-Home Bi-Weekly Check
Standard (40 hrs)40 hrs$154,190-$43,211$101,727$3,912.60
+5h Overtime/Wk45 hrs$183,101-$53,626$118,489$4,557.27
+10h Overtime/Wk50 hrs$212,011-$62,392$136,898$5,265.31
+15h Overtime/Wk55 hrs$240,922-$72,584$153,882$5,918.55
+20h Overtime/Wk60 hrs$269,833-$84,191$169,452$6,517.37
Category 5 of 6

Interstate MSA Relocation & State Tax Migration Comparator

Calculate required compensation, cost-of-living differences, and annual state/local tax savings between two metropolitan areas.

Equivalent Salary in Austin, TX $83,505 Cost of Living Ratio: 69.6%
Annual State & Local Tax Delta +$8,331/yr Tax savings in Austin-Round Rock-San Marcos, TX
Annual Rent Difference (1BR) -$17,676/yr Based on HUD Fair Market Rents
Net Discretionary Cash Flow Impact

Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.

+$26,007/year
Category 6 of 6 · Executive Economic Briefing
2026 Fiscal Intelligence

Financial Manager in Norwich-New London-Willimantic, CT: Compensation & Purchasing Power Briefing (2026)

Estimates compiled from BLS OEWS wages, IRS 2026 withholding rules, HUD Fair Market Rents, and Connecticut tax codes.

Market Baseline
$154,190/yr
$74.13/hr · SOC 11-3031
Statutory Tax Drag
28.02% Effective
-$43,211 in Total Taxes
HUD 1BR Shelter Ratio
18% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$6,959/mo
Post-$1,518/mo 1BR Rent

Key Economic & Compensation Takeaways

Statutory Withholding Architecture

Frequently Asked Questions

Verified Government Data Sources & Statutory Attribution

Wages sourced from US Bureau of Labor Statistics (BLS OEWS). Rents calibrated to HUD Fair Market Rents. Tax schedules calibrated to IRS IRC Title 26, IRS Pub 15-T, and state statutory revenue codes.

BLS OEWS May 2025 HUD FY2027 FMR IRS 15-T
Metro Pay Comparison SOC 11-3031
2026 Statutory Thresholds
  • Federal Standard Deduction (Single) $16,100
  • FICA OASDI Wage Base Cap $184,500
  • Pre-Tax 401(k) Elective Deferral $24,500
  • HSA Individual Annual Limit $4,400

Financial Manager in Norwich-New London-Willimantic, CT: Market Snapshot

Financial Manager roles in Norwich-New London-Willimantic, CT report a median annual wage of $154,190, 7.4% below the national median of $166,570. The 10th to 90th percentile band runs from $87,900 to $269,230, and HUD’s $1,518 monthly one-bedroom fair market rent equals 11.8% of that median gross pay. The single-adult living wage benchmark for the area is $26.89 per hour.

Highest-paying metropolitan areas for Financial Manager

Metropolitan areaMedian annual wageVs this market
San Jose-Sunnyvale-Santa Clara, CA$225,280+46.1%
New York-Newark-Jersey City, NY-NJ$221,010+43.3%
San Francisco-Oakland-Fremont, CA$216,150+40.2%
Bridgeport-Stamford-Danbury, CT$211,000+36.8%
Boston-Cambridge-Newton, MA-NH$209,780+36.1%
Denver-Aurora-Centennial, CO$193,400+25.4%
Boulder, CO$192,970+25.2%
Seattle-Tacoma-Bellevue, WA$185,550+20.3%
Washington-Arlington-Alexandria, DC-VA-MD-WV$185,270+20.2%
Trenton-Princeton, NJ$184,800+19.9%

Top-paying occupations benchmarked in Norwich-New London-Willimantic, CT

OccupationMedian annual wageMedian hourly
Chief Executives$250,670$120.51/hr
Natural Sciences Managers$217,480$104.56/hr
Architectural and Engineering Managers$181,690$87.35/hr
Purchasing Managers$167,220$80.39/hr
Computer and Information Systems Managers$164,170$78.93/hr
Marketing Managers$159,250$76.56/hr
Industrial Production Managers$156,710$75.34/hr
Education Administrators, Kindergarten through Secondary$155,350$74.69/hr
Public Relations Managers$146,880$70.62/hr
Sales Managers$146,690$70.52/hr

Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 390 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .

Regional Labor Market & Career Mobility Network

Explore adjacent occupations and neighboring metropolitan wage benchmarks for peer compensation analysis.

Financial Manager Salary in Norwich-New London-Willimantic, CT Overview

Financial Manager median pay in Norwich-New London-Willimantic, CT is $154,190 a year ($74.13/hr). See take-home pay after 2026 taxes, BLS wage percentiles. Official 2026 economic data for Financial Manager in Norwich-New London-Willimantic, CT compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
What is the median salary for a Financial Manager in Norwich-New London-Willimantic, CT?

The median annual wage is $154,190 ($74.13 per hour). The middle 80% of earners make between $87,900 and $269,230. Source: BLS OEWS (May 2025).

What is the take-home pay for a Financial Manager in Norwich-New London-Willimantic, CT after taxes?

On the median wage of $154,190, a single filer with no pre-tax deductions takes home about $108,153 a year ($9,013 a month) after $46,037 in federal, FICA, state and local taxes, an effective rate of 29.86%, using 2026 tax rules.