Average Financial Managers Salary in Central North Carolina nonmetropolitan area
In Central North Carolina's nonmetropolitan areas, Financial Managers earn an average annual salary of $131,130. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. The compensation is influenced by factors such as local industry concentration and the overall economic activity within these nonmetropolitan settings.
Executive Summary
- Average Salary: $131,130 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,580.
- Outlook: The job market for Financial Managers in Central North Carolina's nonmetropolitan areas, with a total local workforce of 470, indicates a moderate presence. The Location Quotient of 0.37 suggests that this role is less concentrated here compared to the national average, implying a potentially less saturated but also less robust demand for specialized financial management expertise within this specific geographic scope.
Salary Overview
The average Financial Managers in Central North Carolina nonmetropolitan area earns-28.9%below the national average.
$63
$2,522
$10,928
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across nonmetropolitan areas like Central North Carolina have experienced steady growth over the past four years. This trend is typically driven by increasing complexity in financial regulations, evolving business needs, and a persistent demand for skilled financial oversight, even in less urbanized economies.
Financial Managers Salary Distribution in Central North Carolina nonmetropolitan area
Within the Central North Carolina nonmetropolitan area, salary progression for Financial Managers is expected to follow a typical career trajectory. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills will see their earnings increase significantly. The gap between the lower and upper percentiles of salaries underscores the substantial rewards associated with career advancement and the acquisition of advanced financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,100 | $35.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,348 | $47.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $112,150 | $53.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,913 | $78.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,580 | $97.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$131,130
Gross Pay
Real Wage (Purchasing Power)
$131,130
Adjusted for COL (100)
The average annual salary of $131,130 in Central North Carolina's nonmetropolitan areas 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 standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
470
Total Jobs
1.974
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Central North Carolina nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.37, the market for Financial Managers in Central North Carolina's nonmetropolitan areas is less concentrated than the national average. This suggests that while opportunities may exist, the field is not as densely populated with professionals, potentially indicating a more competitive landscape for securing roles or a smaller overall demand compared to metropolitan hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Financial Managers Salary | $171,570↑ 31% | 32 mi |
| Pinehurst-Southern Pines, NC Financial Managers Salary | $150,540↑ 15% | 36 mi |
| Burlington, NC Financial Managers Salary | $150,180↑ 15% | 36 mi |
| Winston-Salem, NC Financial Managers Salary | $160,230↑ 22% | 41 mi |
| Durham-Chapel Hill, NC Financial Managers Salary | $181,420↑ 38% | 56 mi |
Comparing salaries near Central North Carolina nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Central North Carolina nonmetropolitan area?
The median annual salary for a Financial Managers in Central North Carolina nonmetropolitan area is $131,130. This typically ranges from $74,100 for entry-level positions to $203,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central North Carolina nonmetropolitan area is 28.9% lower than the national median of $184,480.
Is Central North Carolina nonmetropolitan area a lucrative place for Financial Managers?
No, not when compared to national averages.While the average salary of $131,130 offers a cost of living equivalent to the national average, it falls significantly short of the national average salary for Financial Managers.
Is Central North Carolina nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Central North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($171,570) and Pinehurst-Southern Pines, NC.
How does the Financial Manager salary in Central North Carolina compare to the national average?
The average salary of $131,130 in Central North Carolina's nonmetropolitan areas is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in this region?
The concentration, measured by the Location Quotient, is 0.37, which is below the national average of 1.0, indicating fewer Financial Managers relative to the overall workforce compared to the nation.
What does a Cost of Living Index of 100 mean for Financial Managers?
A Cost of Living Index of 100 signifies that the cost of goods and services in Central North Carolina's nonmetropolitan areas is exactly at the national average, meaning the $131,130 salary has average purchasing power.
How many Financial Managers are employed in this region?
There are approximately 470 Financial Managers employed in the Central North Carolina nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Central North Carolina nonmetropolitan area area with a job density of 1.974 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 North Carolina nonmetropolitan area