Average Financial Managers Salary in Eastern North Carolina nonmetropolitan area
Financial Managers in Eastern North Carolina's nonmetropolitan areas earn an average annual salary of $135,140. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and a less concentrated demand for specialized financial expertise compared to major metropolitan hubs.
Executive Summary
- Average Salary: $135,140 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,730.
- Outlook: With a local workforce of 520 Financial Managers and a Location Quotient of 0.37, the job market in Eastern North Carolina's nonmetropolitan areas indicates a below-average concentration of these professionals. While the total workforce size suggests a stable, albeit smaller, demand, the low LQ points to fewer specialized opportunities compared to national trends.
Salary Overview
The average Financial Managers in Eastern North Carolina nonmetropolitan area earns-26.7%below the national average.
$65
$2,599
$11,262
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including nonmetropolitan areas of Eastern North Carolina, have experienced steady growth over the past four years. This trend is driven by inflation, increasing complexity in financial regulations, and a persistent need for skilled financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Eastern North Carolina nonmetropolitan area
Salary progression for Financial Managers typically correlates with experience. Entry-level positions will command lower salaries, while mid-career professionals can expect to earn closer to the average. Senior Financial Managers, with extensive experience and proven leadership capabilities, will occupy the higher percentiles, often exceeding $160,000 annually, signifying significant career advancement and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,970 | $32.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $101,355 | $48.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,300 | $57.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,925 | $81.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,730 | $101.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$135,140
Gross Pay
Real Wage (Purchasing Power)
$135,140
Adjusted for COL (100)
The average annual salary of $135,140 in Eastern North Carolina's nonmetropolitan areas aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a Financial Manager's salary in this region is equivalent to that of a Financial Manager earning the national average salary in a national average cost of living area.
Job Market Context
520
Total Jobs
1.98
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Eastern North Carolina nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.37 signifies that Financial Managers are less concentrated in Eastern North Carolina's nonmetropolitan areas than the national average. This suggests a less competitive market with potentially fewer job openings relative to the number of professionals, but also indicates a specialized niche where experienced individuals may find stable employment.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Greensboro-High Point, NC Financial Managers Salary | $171,570↑ 27% | 32 mi |
| Pinehurst-Southern Pines, NC Financial Managers Salary | $150,540↑ 11% | 36 mi |
| Burlington, NC Financial Managers Salary | $150,180↑ 11% | 36 mi |
| Winston-Salem, NC Financial Managers Salary | $160,230↑ 19% | 41 mi |
| Durham-Chapel Hill, NC Financial Managers Salary | $181,420↑ 34% | 56 mi |
Comparing salaries near Eastern North Carolina nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Eastern North Carolina nonmetropolitan area?
The median annual salary for a Financial Managers in Eastern North Carolina nonmetropolitan area is $135,140. This typically ranges from $67,970 for entry-level positions to $210,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern North Carolina nonmetropolitan area is 26.7% lower than the national median of $184,480.
Is Eastern North Carolina nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $135,140 is substantial, it falls significantly below the national average of $184,480. The cost of living being at the national average means the lower nominal salary translates to lower real wages compared to national benchmarks.
Is Eastern North Carolina nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Eastern North Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern North Carolina nonmetropolitan area?
Some top paying nearby cities include Greensboro-High Point, NC ($171,570) and Pinehurst-Southern Pines, NC.
How does the number of Financial Managers in Eastern North Carolina compare to the national average?
With only 1.98 Financial Managers per 1,000 workers, the presence of these professionals in Eastern North Carolina's nonmetropolitan areas is considerably lower than the national average, reflecting a less saturated job market.
What is the total number of Financial Managers in this region?
The total local workforce for Financial Managers in Eastern North Carolina's nonmetropolitan areas is approximately 520 individuals.
Does the cost of living affect the perceived value of a Financial Manager's salary in this area?
The cost of living index is 100, which is the national average. Therefore, the nominal salary of $135,140 has the same purchasing power as it would in a national average cost of living area.
How does the Location Quotient impact job opportunities for Financial Managers?
A Location Quotient of 0.37 suggests that Financial Manager roles are less common in this region compared to the national average, potentially indicating fewer specialized opportunities but also less competition for available positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Eastern North Carolina nonmetropolitan area area with a job density of 1.98 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 Eastern North Carolina nonmetropolitan area