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Average Financial Managers Salary in Chattanooga, TN-GA

Financial Managers in Chattanooga, TN-GA earn an average annual salary of $143,490, which is below the national average of $184,480. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market.

Executive Summary

  • Average Salary: $143,490 per year.
  • Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $231,500.
  • Outlook: With a local workforce of 1,220 Financial Managers, Chattanooga presents a stable, albeit not exceptionally concentrated, job market for these professionals. The Location Quotient of 0.85 suggests a presence that is slightly below the national average in terms of concentration, indicating a moderate level of demand and opportunity within the region.
2024 Market Data

Salary Overview

$143,490

The average Financial Managers in Chattanooga, TN-GA earns-22.2%below the national average.

BreakdownBased on 40h/week
Hourly

$69

Weekly

$2,759

Monthly

$11,958

Financial Managers Salary Distribution in Chattanooga, TN-GA

The career trajectory for Financial Managers in Chattanooga, as elsewhere, involves significant salary progression based on experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more, with higher percentiles reflecting advanced responsibilities and proven leadership.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$71,600$34.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$107,618$51.7
ManagerOversees team, compliance, and project delivery.50% (Median)$130,510$62.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$179,363$86.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$231,500$111.3

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$143,490

Gross Pay

Real Wage (Purchasing Power)

$143,490

Adjusted for COL (100)

The average annual salary of $143,490 in Chattanooga 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 Chattanooga is equivalent to the national average, offering a balanced financial environment where income effectively meets everyday expenses.

Job Market Context

1,220

Total Jobs

4.515

Per 1K Jobs

0.85

Location Quotient

Below Average

Chattanooga, TN-GA has 0.85x 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 0.85 indicates that Financial Managers are slightly less concentrated in Chattanooga compared to the national average. This suggests that while the profession is well-established, the market may not be oversaturated, potentially offering good opportunities for skilled individuals without facing intense competition found in highly concentrated areas.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Cleveland, TN Financial Managers Salary$141,550↓ 1%23 mi
Dalton, GA Financial Managers Salary$151,380↑ 5%26 mi
Rome, GA Financial Managers Salary$129,040↓ 10%55 mi
Huntsville, AL Financial Managers Salary$163,990↑ 14%83 mi
Gadsden, AL Financial Managers Salary$127,080↓ 11%85 mi

Comparing salaries near Chattanooga, TN-GA

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Chattanooga, TN-GA?

The median annual salary for a Financial Managers in Chattanooga, TN-GA is $143,490. This typically ranges from $71,600 for entry-level positions to $231,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Chattanooga, TN-GA is 22.2% lower than the national median of $184,480.

Is Chattanooga, TN-GA a lucrative place for Financial Managers?

No, not exceptionally lucrative compared to the national average.While the average salary of $143,490 is substantial, it falls short of the national average. However, the cost of living being at the national average provides good purchasing power for the salary offered.

Is Chattanooga, TN-GA a good place to live for Financial Managers?

The Cost of Living Index in Chattanooga, TN-GA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Chattanooga, TN-GA?

Some top paying nearby cities include Cleveland, TN ($141,550) and Dalton, GA.

How does Chattanooga's Financial Manager salary compare to the national average?

The average salary for Financial Managers in Chattanooga is $143,490, which is approximately 22% lower than the national average of $184,480.

What is the Cost of Living in Chattanooga, TN-GA?

Chattanooga's Cost of Living Index is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.

How concentrated is the Financial Manager job market in Chattanooga?

The Location Quotient of 0.85 indicates that Financial Managers are slightly less concentrated in Chattanooga than the national average, suggesting a moderately competitive job market.

How many Financial Managers are there in Chattanooga?

There are approximately 1,220 Financial Managers employed in the Chattanooga, TN-GA area, representing about 4.515 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,220 employees in the Chattanooga, TN-GA area with a job density of 4.515 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Chattanooga, TN-GA