Average Financial Managers Salary in East Arkansas nonmetropolitan area
Financial Managers in the East Arkansas nonmetropolitan area earn an average annual salary of $114,390. This figure is notably lower than the national average of $184,480, reflecting the economic landscape and specific industry demands of this region. Factors such as the concentration of businesses and the overall economic activity in nonmetropolitan areas often influence compensation levels for specialized roles.
Executive Summary
- Average Salary: $114,390 per year.
- Growth Trend: Salaries have shifted 23.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $197,890.
- Outlook: The job market for Financial Managers in East Arkansas, with a total local workforce of 220, indicates a specialized niche. The Location Quotient of 0.62 suggests that this role is less concentrated here compared to the national average, implying a potentially stable but not overly saturated demand. The presence of 3.275 jobs per 1,000 workers further underscores a consistent, albeit moderate, need for financial expertise within the local economy.
Salary Overview
The average Financial Managers in East Arkansas nonmetropolitan area earns-38.0%below the national average.
$55
$2,200
$9,533
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Financial Managers in East Arkansas have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs typically drive an upward trajectory in compensation for skilled professionals, even in nonmetropolitan settings.
Financial Managers Salary Distribution in East Arkansas nonmetropolitan area
The salary range for Financial Managers typically widens significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in compensation clearly signify the career progression and increased earning potential as one advances through junior, mid-level, and senior management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,390 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $85,793 | $41.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,790 | $45.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $142,988 | $68.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $197,890 | $95.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$114,390
Gross Pay
Real Wage (Purchasing Power)
$114,390
Adjusted for COL (100)
With an average annual salary of $114,390 and a Cost of Living Index of 100, Financial Managers in East Arkansas find their nominal earnings directly align with the national average cost of living. This means that while the salary is lower than the national average for the role, the purchasing power of that salary is equivalent to the national average, making it a balanced financial proposition for residents.
Job Market Context
220
Total Jobs
3.275
Per 1K Jobs
0.62
Location Quotient
East Arkansas nonmetropolitan area has 0.62x 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.
The Location Quotient of 0.62 for Financial Managers in East Arkansas indicates a lower concentration of these professionals compared to the national average. This suggests that the job market may be less competitive, offering potential opportunities for skilled individuals. However, it also implies that the demand might be more localized and specific to the industries present in the region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Financial Managers Salary | $126,170↑ 10% | 17 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↓ 8% | 51 mi |
Comparing salaries near East Arkansas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in East Arkansas nonmetropolitan area?
The median annual salary for a Financial Managers in East Arkansas nonmetropolitan area is $114,390. This typically ranges from $49,390 for entry-level positions to $197,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Arkansas nonmetropolitan area is 38.0% lower than the national median of $184,480.
Is East Arkansas nonmetropolitan area a lucrative place for Financial Managers?
No, but it offers stable opportunities.While the average salary of $114,390 is below the national average, the cost of living is also at the national average, providing equivalent purchasing power. The lower concentration suggests a less competitive market.
Is East Arkansas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in East Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($126,170) and Hot Springs, AR.
How does the East Arkansas salary compare to the national average?
The average salary for Financial Managers in East Arkansas is $114,390, which is significantly lower than the national average of $184,480.
What is the Cost of Living Index in East Arkansas?
The Cost of Living Index in East Arkansas is 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated are Financial Manager jobs in East Arkansas?
The Location Quotient of 0.62 indicates that Financial Manager jobs are less concentrated in East Arkansas compared to the national average, suggesting a smaller but potentially stable job market.
What does the total local workforce number mean for Financial Managers?
With a total local workforce of 220 Financial Managers, the market is relatively small, implying specialized demand within the region's specific economic structure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the East Arkansas nonmetropolitan area area with a job density of 3.275 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 East Arkansas nonmetropolitan area