Average Financial Managers Salary in Charlotte-Concord-Gastonia, NC-SC
Financial Managers in the Charlotte-Concord-Gastonia, NC-SC area command an impressive average annual salary of $190,080, surpassing the national average of $184,480. This elevated compensation reflects the region's robust economic activity and the significant demand for skilled financial leadership within its thriving business landscape.
Executive Summary
- Average Salary: $190,080 per year.
- Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $285,120.
- Outlook: The Charlotte-Concord-Gastonia metropolitan area demonstrates a healthy demand for Financial Managers, evidenced by a substantial local workforce of 8,790 professionals. The Location Quotient of 1.24 indicates a concentration of these roles that is 24% higher than the national average, suggesting a robust and potentially growing job market for this profession.
Salary Overview
The average Financial Managers in Charlotte-Concord-Gastonia, NC-SC earns+3.0%above the national average.
$91.4
$3,655
$15,840
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Charlotte-Concord-Gastonia have experienced steady growth over the past four years, mirroring national trends. Economic expansion and increasing complexity in financial operations typically drive up demand and compensation for experienced professionals in this field.
Financial Managers Salary Distribution in Charlotte-Concord-Gastonia, NC-SC
Career progression for Financial Managers in Charlotte-Concord-Gastonia typically involves significant salary increases with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the higher percentiles, reflecting a clear career trajectory and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $101,590 | $48.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $142,560 | $68.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $167,470 | $80.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $237,600 | $114.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $285,120 | $137.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$190,080
Gross Pay
Real Wage (Purchasing Power)
$190,080
Adjusted for COL (100)
The average annual salary of $190,080 in Charlotte-Concord-Gastonia aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
8,790
Total Jobs
6.559
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Charlotte-Concord-Gastonia, NC-SC has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
With a Location Quotient of 1.24, the Charlotte-Concord-Gastonia area exhibits a higher concentration of Financial Managers compared to the national average. This suggests a competitive yet opportunity-rich market, where employers actively seek specialized talent, and professionals may find a greater number of relevant job openings.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Hickory-Lenoir-Morganton, NC Financial Managers Salary | $153,920↓ 19% | 45 mi |
| Spartanburg, SC Financial Managers Salary | $150,360↓ 21% | 64 mi |
| Eastern North Carolina nonmetropolitan area Financial Managers Salary | $135,140↓ 29% | 65 mi |
| Western North Carolina nonmetropolitan area Financial Managers Salary | $131,600↓ 31% | 65 mi |
| Central North Carolina nonmetropolitan area Financial Managers Salary | $131,130↓ 31% | 65 mi |
Comparing salaries near Charlotte-Concord-Gastonia, NC-SC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Charlotte-Concord-Gastonia, NC-SC?
The median annual salary for a Financial Managers in Charlotte-Concord-Gastonia, NC-SC is $190,080. This typically ranges from $101,590 for entry-level positions to $285,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Charlotte-Concord-Gastonia, NC-SC is 3.0% higher than the national median of $184,480.
Is Charlotte-Concord-Gastonia, NC-SC a lucrative place for Financial Managers?
Yes, it is a lucrative location for Financial Managers.Financial Managers in this area earn above the national average salary, and the cost of living is on par with the national average, enhancing their earning potential.
Is Charlotte-Concord-Gastonia, NC-SC a good place to live for Financial Managers?
The Cost of Living Index in Charlotte-Concord-Gastonia, NC-SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Charlotte-Concord-Gastonia, NC-SC?
Some top paying nearby cities include Hickory-Lenoir-Morganton, NC ($153,920) and Spartanburg, SC.
How does the number of Financial Managers in Charlotte compare to the national average?
Charlotte-Concord-Gastonia has 6.559 Financial Managers per 1,000 workers, which is higher than the national average, indicating a strong local presence of this profession.
What is the significance of the Location Quotient for Financial Managers in Charlotte?
A Location Quotient of 1.24 means that Financial Managers are 24% more concentrated in Charlotte-Concord-Gastonia than the national average, signifying a robust job market for this role.
Does the cost of living affect the value of a Financial Manager's salary in Charlotte?
No, the cost of living in Charlotte is exactly at the national average (100), meaning the $190,080 salary has the same purchasing power as the national average salary.
What is the total number of Financial Managers in the Charlotte-Concord-Gastonia area?
There are approximately 8,790 Financial Managers employed within the Charlotte-Concord-Gastonia, NC-SC metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,790 employees in the Charlotte-Concord-Gastonia, NC-SC area with a job density of 6.559 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 Charlotte-Concord-Gastonia, NC-SC