Average Financial Managers Salary in Bowling Green, KY
Financial Managers in Bowling Green, KY, earn an average annual salary of $130,980, significantly below the national average of $184,480. This disparity is often influenced by the local economic landscape, industry concentration, and the specific demands of businesses operating within the region. Factors such as the size and type of companies present in Bowling Green play a crucial role in determining compensation levels for these vital financial professionals.
Executive Summary
- Average Salary: $130,980 per year.
- Growth Trend: Salaries have shifted 4.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,640.
- Outlook: The local workforce for Financial Managers in Bowling Green, KY, comprises approximately 250 professionals. With a Location Quotient of 0.58, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust market compared to national hubs. The presence of 3.075 jobs per 1,000 workers indicates a steady, albeit moderate, demand for financial management expertise within the area.
Salary Overview
The average Financial Managers in Bowling Green, KY earns-29.0%below the national average.
$63
$2,519
$10,915
Financial Managers Salary Trends (2020-2024)
While specific historical data for Bowling Green is not provided, it is generally assumed that salaries for Financial Managers across the United States have experienced consistent growth over the past four years. This trend is driven by increasing complexity in financial regulations, evolving business strategies, and the persistent need for skilled professionals to navigate economic fluctuations. It is reasonable to infer that Bowling Green's market has likely mirrored this national upward trajectory, albeit potentially at a different pace.
Financial Managers Salary Distribution in Bowling Green, KY
The salary progression for Financial Managers typically scales significantly with 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 substantially higher compensation. The percentile gaps in salary distribution clearly signify opportunities for career advancement and increased earning potential as one moves from junior to senior management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,480 | $36.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,235 | $47.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $114,590 | $55.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,725 | $78.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,640 | $101.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,980
Gross Pay
Real Wage (Purchasing Power)
$130,980
Adjusted for COL (100)
The average annual salary of $130,980 for Financial Managers in Bowling Green, KY, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the nominal salary offers a comparable standard of living to that found nationwide. Consequently, relocating to Bowling Green for this role does not present an immediate advantage or disadvantage in terms of cost of living.
Job Market Context
250
Total Jobs
3.075
Per 1K Jobs
0.58
Location Quotient
Bowling Green, KY has 0.58x 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.
With a Location Quotient of 0.58, the market for Financial Managers in Bowling Green, KY, is less concentrated than the national average. This suggests that while there is a presence of these roles, the demand may not be as intense or widespread as in larger metropolitan areas. It indicates a potentially more specialized or niche market, where opportunities might be tied to specific industries dominant in the region, rather than a broad, high-volume demand.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Clarksville, TN-KY Financial Managers Salary | $136,720↑ 4% | 57 mi |
| Nashville-Davidson--Murfreesboro--Franklin, TN Financial Managers Salary | $164,640↑ 26% | 59 mi |
| Elizabethtown, KY Financial Managers Salary | $134,230↑ 2% | 59 mi |
| Owensboro, KY Financial Managers Salary | $109,950↓ 16% | 66 mi |
| East Tennessee nonmetropolitan area Financial Managers Salary | $132,070↑ 1% | 86 mi |
Comparing salaries near Bowling Green, KY
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Bowling Green, KY?
The median annual salary for a Financial Managers in Bowling Green, KY is $130,980. This typically ranges from $76,480 for entry-level positions to $210,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bowling Green, KY is 29.0% lower than the national median of $184,480.
Is Bowling Green, KY a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to national averages.While the average salary of $130,980 is substantial, it falls considerably short of the national average. However, the cost of living matching the national average offers good purchasing power locally.
Is Bowling Green, KY a good place to live for Financial Managers?
The Cost of Living Index in Bowling Green, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bowling Green, KY?
Some top paying nearby cities include Clarksville, TN-KY ($136,720) and Nashville-Davidson--Murfreesboro--Franklin, TN.
How does Bowling Green's Financial Manager salary compare to the national average?
Financial Managers in Bowling Green, KY, earn an average of $130,980 annually, which is notably lower than the national average of $184,480.
What is the cost of living in Bowling Green, KY for Financial Managers?
The cost of living in Bowling Green, KY, is exactly at the national average (index of 100), meaning your salary of $130,980 has the same purchasing power as it would nationally.
Is there high demand for Financial Managers in Bowling Green, KY?
The demand is moderate, with 3.075 jobs per 1,000 workers and a below-average concentration (Location Quotient of 0.58), suggesting a stable but not booming market.
How many Financial Managers work in Bowling Green, KY?
There are approximately 250 Financial Managers employed in the Bowling Green, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Bowling Green, KY area with a job density of 3.075 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Bowling Green, KY
- All Occupations Salary in Bowling Green, KY
- Production Occupations Salary in Bowling Green, KY
- Office and Administrative Support Occupations Salary in Bowling Green, KY
- Transportation and Material Moving Occupations Salary in Bowling Green, KY
- Food Preparation and Serving Related Occupations Salary in Bowling Green, KY
- Sales and Related Occupations Salary in Bowling Green, KY
- Healthcare Practitioners and Technical Occupations Salary in Bowling Green, KY
- Educational Instruction and Library Occupations Salary in Bowling Green, KY
- Management Occupations Salary in Bowling Green, KY
- Installation, Maintenance, and Repair Occupations Salary in Bowling Green, KY
- Browse All Jobs in Bowling Green, KY →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Bowling Green, KY