Average Financial Managers Salary in Clarksville, TN-KY
Financial Managers in Clarksville, TN-KY earn an average annual salary of $136,720, which is notably 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: $136,720 per year.
- Growth Trend: Salaries have shifted 30.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $205,080.
- Outlook: The Clarksville, TN-KY market supports a local workforce of 300 Financial Managers. With a Location Quotient of 0.56, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to broader national trends. The presence of nearly 3 jobs per 1,000 workers indicates a steady, albeit moderate, employment landscape for financial professionals in the area.
Salary Overview
The average Financial Managers in Clarksville, TN-KY earns-25.9%below the national average.
$65.7
$2,629
$11,393
Financial Managers Salary Trends (2020-2024)
While specific historical data for Clarksville is not provided, it's reasonable to assume that salaries for Financial Managers have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing complexity in financial regulations typically drive upward pressure on compensation for experienced professionals in this field.
Financial Managers Salary Distribution in Clarksville, TN-KY
Salary progression for Financial Managers in Clarksville, TN-KY, like elsewhere, is significantly tied to experience. Entry-level positions typically command lower salaries, while senior roles, those with extensive experience, and individuals with specialized certifications or advanced degrees can expect compensation well above the average. The percentile gaps in salary distributions clearly signify the career trajectory and earning potential as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,230 | $30.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $102,540 | $49.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,000 | $59.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $170,900 | $82.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $205,080 | $98.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$136,720
Gross Pay
Real Wage (Purchasing Power)
$136,720
Adjusted for COL (100)
The average annual salary of $136,720 in Clarksville, TN-KY, 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 Clarksville is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
300
Total Jobs
2.994
Per 1K Jobs
0.56
Location Quotient
Clarksville, TN-KY has 0.56x 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 0.56 indicates that Financial Manager roles are less concentrated in Clarksville, TN-KY, compared to the national average. This suggests that while the job market may not be as saturated with financial management opportunities as in larger metropolitan areas, there could be less competition for available positions, potentially offering unique advantages for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Financial Managers Salary | $164,640↑ 20% | 42 mi |
| Bowling Green, KY Financial Managers Salary | $130,980↓ 4% | 57 mi |
| East Tennessee nonmetropolitan area Financial Managers Salary | $132,070↓ 3% | 67 mi |
| South Central Tennessee nonmetropolitan area Financial Managers Salary | $130,680↓ 4% | 67 mi |
| West Tennessee nonmetropolitan area Financial Managers Salary | $123,350↓ 10% | 67 mi |
Comparing salaries near Clarksville, TN-KY
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Clarksville, TN-KY?
The median annual salary for a Financial Managers in Clarksville, TN-KY is $136,720. This typically ranges from $63,230 for entry-level positions to $205,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Clarksville, TN-KY is 25.9% lower than the national median of $184,480.
Is Clarksville, TN-KY a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $136,720 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Clarksville, TN-KY a good place to live for Financial Managers?
The Cost of Living Index in Clarksville, TN-KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Clarksville, TN-KY?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($164,640) and Bowling Green, KY.
What is the average salary for a Financial Manager in Clarksville, TN-KY?
The average annual salary for a Financial Manager in Clarksville, TN-KY is $136,720.
How does the Clarksville, TN-KY salary compare to the national average?
The average salary in Clarksville, TN-KY ($136,720) is lower than the national average salary of $184,480 for Financial Managers.
What is the Cost of Living in Clarksville, TN-KY?
The Cost of Living Index in Clarksville, TN-KY is 100, which is equivalent to the national average.
How concentrated are Financial Manager jobs in Clarksville, TN-KY?
Financial Manager jobs are less concentrated in Clarksville, TN-KY, with a Location Quotient of 0.56, indicating fewer jobs per capita compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Clarksville, TN-KY area with a job density of 2.994 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 Clarksville, TN-KY