Average Financial Managers Salary in Central Louisiana nonmetropolitan area
Financial Managers in the Central Louisiana nonmetropolitan area earn an average annual salary of $114,870. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and demand specific to this locale. The compensation is influenced by the unique economic landscape and the concentration of financial management roles within this specific nonmetropolitan region.
Executive Summary
- Average Salary: $114,870 per year.
- Growth Trend: Salaries have shifted 6.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $190,040.
- Outlook: The job market for Financial Managers in Central Louisiana appears stable, with a total local workforce of 220 professionals. The Location Quotient of 0.54 suggests that this area has a lower concentration of these roles compared to the national average, indicating a potentially less saturated but also less specialized market. With 2.842 jobs per 1,000 workers, the demand is present but not overwhelmingly high, suggesting steady opportunities for skilled individuals.
Salary Overview
The average Financial Managers in Central Louisiana nonmetropolitan area earns-37.7%below the national average.
$55.2
$2,209
$9,573
Financial Managers Salary Trends (2020-2024)
While specific historical data for Central Louisiana is not provided, it is reasonable to assume that salaries for Financial Managers in nonmetropolitan areas have seen gradual growth over the past four years, mirroring national trends. Economic development and increased demand for financial oversight in businesses operating within the region likely contribute to a modest upward trajectory in compensation, though perhaps at a slower pace than in major metropolitan hubs.
Financial Managers Salary Distribution in Central Louisiana nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles requiring extensive expertise, strategic decision-making, and leadership will reach the higher end of the pay scale. The percentile gaps in salary data, from the lowest earners to the highest, signify the substantial career progression and earning potential available to those who advance within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,040 | $28.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,153 | $41.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,930 | $47.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $143,588 | $69 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $190,040 | $91.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$114,870
Gross Pay
Real Wage (Purchasing Power)
$114,870
Adjusted for COL (100)
The average annual salary of $114,870 in Central Louisiana 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. While the nominal salary is lower than the national average for the role, the cost of living parity suggests that the take-home pay offers a comparable lifestyle to that experienced in many other parts of the country.
Job Market Context
220
Total Jobs
2.842
Per 1K Jobs
0.54
Location Quotient
Central Louisiana nonmetropolitan area has 0.54x 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 0.54 indicates that Financial Manager roles are less concentrated in Central Louisiana compared to the national average. This suggests that the job market is not saturated with these professionals, potentially offering a competitive advantage for skilled individuals seeking employment. While the demand may not be as robust as in larger economic centers, the lower concentration implies that experienced Financial Managers might find unique opportunities and less direct competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Financial Managers Salary | $118,610↑ 3% | 37 mi |
| Baton Rouge, LA Financial Managers Salary | $132,430↑ 15% | 67 mi |
| Lafayette, LA Financial Managers Salary | $120,130↑ 5% | 67 mi |
| Monroe, LA Financial Managers Salary | $119,170↑ 4% | 94 mi |
| Hammond, LA Financial Managers Salary | $129,270↑ 13% | 95 mi |
Comparing salaries near Central Louisiana nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Central Louisiana nonmetropolitan area?
The median annual salary for a Financial Managers in Central Louisiana nonmetropolitan area is $114,870. This typically ranges from $59,040 for entry-level positions to $190,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Louisiana nonmetropolitan area is 37.7% lower than the national median of $184,480.
Is Central Louisiana nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $114,870 is substantial, it falls significantly short of the national average of $184,480 for Financial Managers. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Central Louisiana nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Central Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($118,610) and Baton Rouge, LA.
How does the local workforce size affect job prospects?
A local workforce of 220 Financial Managers suggests a smaller, potentially more niche job market. This can mean fewer openings but also potentially less competition for experienced professionals.
What does a Location Quotient of 0.54 mean for job seekers?
A Location Quotient below 1.0, like 0.54, indicates fewer Financial Managers per capita in Central Louisiana than the national average. This could translate to less competition but also potentially fewer specialized roles.
How does the Cost of Living Index impact the salary?
With a Cost of Living Index of 100, the $114,870 salary in Central Louisiana offers the same purchasing power as the national average. This means the lower nominal salary is offset by lower living expenses relative to higher-paying national averages.
What is the typical career path for a Financial Manager?
Career paths often start in accounting or analyst roles, progressing to Financial Analyst, Senior Financial Analyst, and eventually Financial Manager, with opportunities for specialization in areas like corporate finance or investment management.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Central Louisiana nonmetropolitan area area with a job density of 2.842 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 Central Louisiana nonmetropolitan area