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Average Financial Managers Salary in Amarillo, TX

Financial Managers in Amarillo, TX, command an average annual salary of $147,370. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the scale of businesses in the region contribute to this compensation level. Understanding these local factors is key to evaluating career opportunities in Amarillo.

Executive Summary

  • Average Salary: $147,370 per year.
  • Growth Trend: Salaries have shifted 17.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $237,090.
  • Outlook: With a total local workforce of 400 Financial Managers, Amarillo presents a moderately sized, yet established, professional community. The Location Quotient of 0.62 indicates that this role is less concentrated in Amarillo compared to the national average, suggesting a stable demand that may not be oversaturated. The presence of 3.275 jobs per 1,000 workers points to consistent employment opportunities within the financial management sector.
2024 Market Data

Salary Overview

$147,370

The average Financial Managers in Amarillo, TX earns-20.1%below the national average.

BreakdownBased on 40h/week
Hourly

$70.9

Weekly

$2,834

Monthly

$12,281

Financial Managers Salary Distribution in Amarillo, TX

The career path for Financial Managers typically involves significant salary progression based on experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$79,560$38.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$110,528$53.1
ManagerOversees team, compliance, and project delivery.50% (Median)$133,050$64
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$184,213$88.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$237,090$114

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$147,370

Gross Pay

Real Wage (Purchasing Power)

$147,370

Adjusted for COL (100)

Amarillo, TX, offers a unique financial proposition for Financial Managers, with an average salary of $147,370 aligning perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in Amarillo is equivalent to the national average, providing a stable financial foundation without the premium often associated with higher cost-of-living areas.

Job Market Context

400

Total Jobs

3.275

Per 1K Jobs

0.62

Location Quotient

Below Average

Amarillo, TX has 0.62x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

The Location Quotient (LQ) of 0.62 for Financial Managers in Amarillo signifies that the concentration of these professionals is lower than the national average. This suggests that while the profession is present and valued, the market may be less competitive than in major metropolitan hubs, potentially offering more opportunities for skilled individuals to find roles or advance their careers without facing intense competition.

Nearby Job Markets

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Amarillo, TX?

The median annual salary for a Financial Managers in Amarillo, TX is $147,370. This typically ranges from $79,560 for entry-level positions to $237,090 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Amarillo, TX is 20.1% lower than the national median of $184,480.

Is Amarillo, TX a lucrative place for Financial Managers?

No, not compared to the national average.While Financial Managers in Amarillo earn a substantial $147,370, this is below the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.

Is Amarillo, TX a good place to live for Financial Managers?

The Cost of Living Index in Amarillo, TX is 100. While higher than average, this often correlates with higher wages.

How does the Amarillo Financial Manager salary compare to the national average?

The average salary for Financial Managers in Amarillo, TX is $147,370, which is lower than the national average of $184,480.

What is the Cost of Living in Amarillo, TX for Financial Managers?

The Cost of Living Index in Amarillo, TX is 100, which is exactly the national average, meaning your salary has average purchasing power.

How concentrated is the Financial Manager job market in Amarillo?

The Location Quotient of 0.62 indicates that Financial Managers are less concentrated in Amarillo compared to the national average, suggesting a potentially less competitive market.

What is the total number of Financial Managers in Amarillo?

There are approximately 400 Financial Managers working in Amarillo, TX.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Amarillo, TX area with a job density of 3.275 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Amarillo, TX