Average Financial Managers Salary in East Tennessee nonmetropolitan area
Financial Managers in East Tennessee's nonmetropolitan areas earn an average annual salary of $132,070. This figure is notably below the national average of $184,480, reflecting regional economic factors and a smaller concentration of high-demand industries. The local workforce of 380 professionals indicates a specialized, yet less saturated, market for these finance experts.
Executive Summary
- Average Salary: $132,070 per year.
- Growth Trend: Salaries have shifted 58.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,060.
- Outlook: The job market for Financial Managers in East Tennessee's nonmetropolitan regions presents a mixed outlook. With a total local workforce of 380 and a Location Quotient of 0.51, the demand is present but less concentrated than the national average. This suggests a stable, albeit niche, employment landscape where specialized skills are valued.
Salary Overview
The average Financial Managers in East Tennessee nonmetropolitan area earns-28.4%below the national average.
$63.5
$2,540
$11,006
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise region is not detailed, it's reasonable to assume a general upward trend in Financial Manager salaries over the past four years, mirroring national patterns. Economic growth and increasing complexity in financial operations typically drive salary increases, even in nonmetropolitan areas, as organizations seek to retain skilled financial leadership.
Financial Managers Salary Distribution in East Tennessee nonmetropolitan area
Salary progression for Financial Managers in East Tennessee's nonmetropolitan areas typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized expertise can command salaries in the higher percentiles. The gap between these percentiles signifies substantial career growth and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,490 | $30 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,053 | $47.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $118,450 | $56.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,088 | $79.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $236,060 | $113.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$132,070
Gross Pay
Real Wage (Purchasing Power)
$132,070
Adjusted for COL (100)
The nominal average salary of $132,070 in East Tennessee's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national average, making it a financially neutral move in terms of cost of living.
Job Market Context
380
Total Jobs
2.681
Per 1K Jobs
0.51
Location Quotient
East Tennessee nonmetropolitan area has 0.51x 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.
With a Location Quotient of 0.51, Financial Manager roles are less concentrated in East Tennessee's nonmetropolitan areas compared to the national average. This indicates a less competitive market in terms of sheer numbers of professionals, but also suggests that employers may need to actively recruit to fill specialized financial management positions.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin, TN Financial Managers Salary | $164,640↑ 25% | 29 mi |
| Clarksville, TN-KY Financial Managers Salary | $136,720↑ 4% | 67 mi |
| Huntsville, AL Financial Managers Salary | $163,990↑ 24% | 73 mi |
| Decatur, AL Financial Managers Salary | $147,290↑ 12% | 83 mi |
| Florence-Muscle Shoals, AL Financial Managers Salary | $143,410↑ 9% | 84 mi |
Comparing salaries near East Tennessee nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in East Tennessee nonmetropolitan area?
The median annual salary for a Financial Managers in East Tennessee nonmetropolitan area is $132,070. This typically ranges from $62,490 for entry-level positions to $236,060 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in East Tennessee nonmetropolitan area is 28.4% lower than the national median of $184,480.
Is East Tennessee nonmetropolitan area a lucrative place for Financial Managers?
No, not when compared to the national average.While the average salary of $132,070 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the purchasing power is comparable.
Is East Tennessee nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in East Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near East Tennessee nonmetropolitan area?
Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($164,640) and Clarksville, TN-KY.
What is the average salary for a Financial Manager in East Tennessee nonmetropolitan area?
The average annual salary for a Financial Manager in East Tennessee's nonmetropolitan area is $132,070.
How does the East Tennessee nonmetropolitan salary compare to the national average?
The average salary of $132,070 in East Tennessee's nonmetropolitan area is lower than the national average of $184,480 for Financial Managers.
What is the Cost of Living Index in East Tennessee nonmetropolitan area?
The Cost of Living Index in East Tennessee's nonmetropolitan area is 100, which is the same as the national average.
How concentrated are Financial Manager jobs in this region?
Financial Manager jobs are less concentrated in this region, with a Location Quotient of 0.51, indicating a lower presence 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 380 employees in the East Tennessee nonmetropolitan area area with a job density of 2.681 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 Tennessee nonmetropolitan area