Average Financial Managers Salary in Augusta-Richmond County, GA-SC
Financial Managers in Augusta-Richmond County, GA-SC earn an average annual salary of $142,380. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this region. The specific economic landscape of Augusta-Richmond County influences the demand and pay scale for these critical financial roles.
Executive Summary
- Average Salary: $142,380 per year.
- Growth Trend: Salaries have shifted 26.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,230.
- Outlook: The Augusta-Richmond County, GA-SC area supports a local workforce of 610 Financial Managers. With a Location Quotient of 0.5, the concentration of these professionals is half the national average, indicating a less saturated market. The rate of 2.662 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for financial management expertise in the region.
Salary Overview
The average Financial Managers in Augusta-Richmond County, GA-SC earns-22.8%below the national average.
$68.5
$2,738
$11,865
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the nation, including Augusta-Richmond County, have experienced consistent growth over the past four years. This trend is driven by inflation, increasing complexity in financial regulations, and the ever-growing need for strategic financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Augusta-Richmond County, GA-SC
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and strategic decision-making capabilities, command substantially higher compensation. The percentile gaps in salary distribution clearly signify the career progression and increased earning potential as one advances in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,640 | $34 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $106,785 | $51.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,930 | $60.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $177,975 | $85.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,230 | $101.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$142,380
Gross Pay
Real Wage (Purchasing Power)
$142,380
Adjusted for COL (100)
The average annual salary of $142,380 in Augusta-Richmond County, GA-SC aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average, offering a stable financial environment without the premium costs often associated with higher cost-of-living regions.
Job Market Context
610
Total Jobs
2.662
Per 1K Jobs
0.5
Location Quotient
Augusta-Richmond County, GA-SC has 0.50x 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.
A Location Quotient of 0.5 for Financial Managers in Augusta-Richmond County, GA-SC indicates that the profession is less concentrated here compared to the national average. This suggests that while there is a stable presence of these roles, the market is not oversaturated, potentially offering good opportunities for skilled professionals seeking employment without intense competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Northwestern South Carolina nonmetropolitan area Financial Managers Salary | $134,860↓ 5% | 73 mi |
| Northeastern South Carolina nonmetropolitan area Financial Managers Salary | $130,190↓ 9% | 73 mi |
| Southern South Carolina nonmetropolitan area Financial Managers Salary | $146,800↑ 3% | 73 mi |
| Columbia, SC Financial Managers Salary | $134,420↓ 6% | 82 mi |
| Athens-Clarke County, GA Financial Managers Salary | $146,500↑ 3% | 85 mi |
Comparing salaries near Augusta-Richmond County, GA-SC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Augusta-Richmond County, GA-SC?
The median annual salary for a Financial Managers in Augusta-Richmond County, GA-SC is $142,380. This typically ranges from $70,640 for entry-level positions to $210,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Augusta-Richmond County, GA-SC is 22.8% lower than the national median of $184,480.
Is Augusta-Richmond County, GA-SC a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $142,380 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average provides good purchasing power for the salary offered.
Is Augusta-Richmond County, GA-SC a good place to live for Financial Managers?
The Cost of Living Index in Augusta-Richmond County, GA-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Augusta-Richmond County, GA-SC?
Some top paying nearby cities include Northwestern South Carolina nonmetropolitan area ($134,860) and Northeastern South Carolina nonmetropolitan area.
What is the average salary for a Financial Manager in Augusta-Richmond County, GA-SC?
The average annual salary for a Financial Manager in Augusta-Richmond County, GA-SC is $142,380.
How does the Augusta-Richmond County, GA-SC salary compare to the national average?
The average salary in Augusta-Richmond County, GA-SC ($142,380) is lower than the national average salary of $184,480 for Financial Managers.
What is the cost of living in Augusta-Richmond County, GA-SC?
The cost of living in Augusta-Richmond County, GA-SC is at the national average, indexed at 100.
How concentrated is the Financial Manager job market in Augusta-Richmond County, GA-SC?
The job market for Financial Managers in Augusta-Richmond County, GA-SC is less concentrated than the national average, with a Location Quotient of 0.5.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the Augusta-Richmond County, GA-SC area with a job density of 2.662 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Augusta-Richmond County, GA-SC