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Average Financial Managers Salary in Columbia, MO

Financial Managers in Columbia, MO, earn an average annual salary of $140,760. This figure is notably below the national average of $184,480, suggesting that while the role is present, compensation may be influenced by local economic factors and demand specific to the region.

Executive Summary

  • Average Salary: $140,760 per year.
  • Growth Trend: Salaries have shifted 17.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $219,790.
  • Outlook: With a local workforce of 650 Financial Managers and a Location Quotient of 1.15, Columbia, MO, shows a slightly higher concentration of these professionals than the national average. This indicates a stable, albeit not booming, demand for financial management expertise within the area, suggesting a healthy job market for experienced individuals.
2024 Market Data

Salary Overview

$140,760

The average Financial Managers in Columbia, MO earns-23.7%below the national average.

BreakdownBased on 40h/week
Hourly

$67.7

Weekly

$2,707

Monthly

$11,730

Financial Managers Salary Distribution in Columbia, MO

Salary progression for Financial Managers in Columbia, MO, typically scales significantly with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting increased responsibility and strategic input.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$74,760$35.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$105,570$50.8
ManagerOversees team, compliance, and project delivery.50% (Median)$121,720$58.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$175,950$84.6
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$219,790$105.7

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$140,760

Gross Pay

Real Wage (Purchasing Power)

$140,760

Adjusted for COL (100)

The average annual salary of $140,760 in Columbia, MO, 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 Columbia is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.

Job Market Context

650

Total Jobs

6.103

Per 1K Jobs

1.15

Location Quotient

Above Average

With a location quotient of 1.15, Columbia, MO has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.

A Location Quotient of 1.15 signifies that Financial Managers are 15% more concentrated in Columbia, MO, than the national average. This suggests a slightly more robust job market for this profession locally compared to the rest of the country, potentially offering more opportunities and a competitive environment for skilled professionals.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Jefferson City, MO Financial Managers Salary$124,840↓ 11%27 mi
Southeast Missouri nonmetropolitan area Financial Managers Salary$126,560↓ 10%34 mi
Central Missouri nonmetropolitan area Financial Managers Salary$121,240↓ 14%34 mi
North Missouri nonmetropolitan area Financial Managers Salary$126,980↓ 10%34 mi
Southwest Missouri nonmetropolitan area Financial Managers Salary$118,690↓ 16%34 mi

Comparing salaries near Columbia, MO

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Columbia, MO?

The median annual salary for a Financial Managers in Columbia, MO is $140,760. This typically ranges from $74,760 for entry-level positions to $219,790 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Columbia, MO is 23.7% lower than the national median of $184,480.

Is Columbia, MO a lucrative place for Financial Managers?

Yes, it offers good value.While the nominal salary is below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The slightly higher concentration of jobs also indicates a stable market.

Is Columbia, MO a good place to live for Financial Managers?

The Cost of Living Index in Columbia, MO is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Columbia, MO?

Some top paying nearby cities include Jefferson City, MO ($124,840) and Southeast Missouri nonmetropolitan area.

How does the Columbia, MO salary compare to the national average?

The average salary for Financial Managers in Columbia, MO, is $140,760, which is below the national average of $184,480.

What is the cost of living in Columbia, MO for Financial Managers?

The cost of living in Columbia, MO, is exactly at the national average, indicated by an index of 100.

How concentrated are Financial Manager jobs in Columbia, MO?

Financial Manager jobs are slightly more concentrated in Columbia, MO, with a Location Quotient of 1.15, meaning there are 15% more of these jobs relative to the national average.

What is the total workforce of Financial Managers in Columbia, MO?

There are approximately 650 Financial Managers working in Columbia, MO.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 650 employees in the Columbia, MO area with a job density of 6.103 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 Columbia, MO