Average Financial Managers Salary in Beaumont-Port Arthur, TX
Financial Managers in Beaumont-Port Arthur, TX, command an average annual salary of $150,690. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation levels in this Texas locale. While below the national benchmark, the salary reflects the specialized skills and responsibilities inherent in financial management within the area.
Executive Summary
- Average Salary: $150,690 per year.
- Growth Trend: Salaries have shifted 28.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $226,035.
- Outlook: The Beaumont-Port Arthur area supports a concentrated workforce of approximately 530 Financial Managers. With a Location Quotient of 0.62, the presence of these professionals is less than the national average, indicating a potentially less saturated market compared to other regions. The rate of 3.312 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Beaumont-Port Arthur, TX earns-18.3%below the national average.
$72.5
$2,898
$12,558
Financial Managers Salary Trends (2020-2024)
While specific historical data for Beaumont-Port Arthur is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced consistent growth over the past four years, driven by inflation and increasing demand for sophisticated financial oversight. This trend likely extends to the Beaumont-Port Arthur region, with local compensation adjustments reflecting broader economic conditions and the evolving needs of businesses in the area.
Financial Managers Salary Distribution in Beaumont-Port Arthur, TX
Career progression for Financial Managers in Beaumont-Port Arthur, as elsewhere, typically involves a significant salary increase with experience. Entry-level positions might start considerably lower than the average, while senior roles, such as Chief Financial Officer or Director of Finance, can command salaries well above $150,690. The percentile gaps in salary distribution signify the substantial earning potential and career trajectory available to experienced professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,980 | $37.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $113,018 | $54.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $136,400 | $65.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $188,363 | $90.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $226,035 | $108.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$150,690
Gross Pay
Real Wage (Purchasing Power)
$150,690
Adjusted for COL (100)
The average annual salary of $150,690 for Financial Managers in Beaumont-Port Arthur 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 region is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
530
Total Jobs
3.312
Per 1K Jobs
0.62
Location Quotient
Beaumont-Port Arthur, 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.
A Location Quotient of 0.62 indicates that Financial Managers are less concentrated in Beaumont-Port Arthur compared to the national average. This suggests that while the profession is present and necessary, the market is not oversaturated, potentially offering good opportunities for skilled professionals. The lower concentration might imply a reliance on local talent or a specific industry mix that shapes the demand for these roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lake Charles, LA Financial Managers Salary | $139,240↓ 8% | 56 mi |
| Houston-Pasadena-The Woodlands, TX Financial Managers Salary | $183,190↑ 22% | 77 mi |
Comparing salaries near Beaumont-Port Arthur, TX
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Beaumont-Port Arthur, TX?
The median annual salary for a Financial Managers in Beaumont-Port Arthur, TX is $150,690. This typically ranges from $77,980 for entry-level positions to $226,035 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Beaumont-Port Arthur, TX is 18.3% lower than the national median of $184,480.
Is Beaumont-Port Arthur, TX a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $150,690 is substantial, it falls below the national average of $184,480 for Financial Managers. However, the cost of living is at the national average, meaning the salary's purchasing power is equivalent nationally.
Is Beaumont-Port Arthur, TX a good place to live for Financial Managers?
The Cost of Living Index in Beaumont-Port Arthur, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Beaumont-Port Arthur, TX?
Some top paying nearby cities include Lake Charles, LA ($139,240) and Houston-Pasadena-The Woodlands, TX.
How does the Beaumont-Port Arthur Financial Manager salary compare to the national average?
The average salary for Financial Managers in Beaumont-Port Arthur, TX is $150,690, which is lower than the national average of $184,480.
What is the Cost of Living in Beaumont-Port Arthur, TX?
The Cost of Living Index in Beaumont-Port Arthur, TX is 100, which is exactly the national average.
How many Financial Managers are there in Beaumont-Port Arthur, TX?
There are approximately 530 Financial Managers in the Beaumont-Port Arthur, TX workforce.
Is the market for Financial Managers saturated in Beaumont-Port Arthur, TX?
With a Location Quotient of 0.62, the market for Financial Managers in Beaumont-Port Arthur, TX is less concentrated than the national average, suggesting it is not oversaturated.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Beaumont-Port Arthur, TX area with a job density of 3.312 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 Beaumont-Port Arthur, TX