Average Financial Managers Salary in Eastern Region of Texas nonmetropolitan area
Financial Managers in the Eastern Region of Texas nonmetropolitan area earn an average annual salary of $139,430. This figure is notably below the national average of $184,480, reflecting regional economic factors and potentially a different demand structure compared to more urbanized or specialized financial hubs. The specific economic landscape and industry concentration within this nonmetropolitan area directly influence compensation levels for finance professionals.
Executive Summary
- Average Salary: $139,430 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,160.
- Outlook: The job market for Financial Managers in the Eastern Region of Texas nonmetropolitan area appears moderately stable, with a total local workforce of 330 individuals in this role. The concentration, indicated by a Location Quotient of 0.54, suggests that while Financial Managers are present, their prevalence is less than the national average, implying a potentially less saturated but also less intensely demanded market compared to national benchmarks.
Salary Overview
The average Financial Managers in Eastern Region of Texas nonmetropolitan area earns-24.4%below the national average.
$67
$2,681
$11,619
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers across the United States, including regions like Eastern Texas, have experienced steady growth over the past four years. This growth is typically driven by inflation, increasing complexity in financial regulations, and the evolving demands placed upon financial leadership roles within businesses of all sizes.
Financial Managers Salary Distribution in Eastern Region of Texas nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience, specialized certifications, and a proven track record can command salaries well above the average. The percentile gaps in salary distributions clearly signify the career progression and increased earning potential associated with advancing through junior, mid-level, and senior financial management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,680 | $34.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $104,573 | $50.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,410 | $60.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $174,288 | $83.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,160 | $105.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$139,430
Gross Pay
Real Wage (Purchasing Power)
$139,430
Adjusted for COL (100)
The average annual salary of $139,430 for Financial Managers in the Eastern Region of Texas nonmetropolitan area aligns precisely 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 in a national average cost-of-living area, making it a neutral environment in terms of real income value.
Job Market Context
330
Total Jobs
2.852
Per 1K Jobs
0.54
Location Quotient
Eastern Region of Texas nonmetropolitan area has 0.54x 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 0.54, the job market for Financial Managers in the Eastern Region of Texas nonmetropolitan area is less concentrated than the national average. This suggests that while there is a demand for these professionals, the market is not saturated, potentially offering opportunities for skilled individuals. However, the lower concentration also indicates fewer specialized roles or a smaller overall ecosystem of financial services compared to national hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Financial Managers Salary | $148,410↑ 6% | 10 mi |
| Waco, TX Financial Managers Salary | $140,940↑ 1% | 41 mi |
| Austin-Round Rock-San Marcos, TX Financial Managers Salary | $187,040↑ 34% | 53 mi |
| College Station-Bryan, TX Financial Managers Salary | $146,090↑ 5% | 82 mi |
Comparing salaries near Eastern Region of Texas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Eastern Region of Texas nonmetropolitan area?
The median annual salary for a Financial Managers in Eastern Region of Texas nonmetropolitan area is $139,430. This typically ranges from $72,680 for entry-level positions to $220,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern Region of Texas nonmetropolitan area is 24.4% lower than the national median of $184,480.
Is Eastern Region of Texas nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $139,430 is significantly lower than the national average of $184,480, indicating less lucrative compensation despite a neutral cost of living.
Is Eastern Region of Texas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Eastern Region of Texas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern Region of Texas nonmetropolitan area?
Some top paying nearby cities include Killeen-Temple, TX ($148,410) and Waco, TX.
How does the local workforce size impact job opportunities?
A local workforce of 330 Financial Managers suggests a moderate-sized pool of professionals. While not a massive market, it indicates a consistent presence and demand for these roles within the region's economy.
What does a Location Quotient of 0.54 mean for Financial Managers?
A Location Quotient of 0.54 signifies that Financial Managers are less prevalent in this region compared to the national average. This could mean fewer job openings but potentially less competition for available positions.
How does the Cost of Living Index affect the salary?
With a Cost of Living Index of 100, the salary of $139,430 has the same purchasing power as the national average. This means the nominal salary accurately reflects the local economic conditions without significant inflation or deflation adjustments needed.
Are there many Financial Manager jobs per 1,000 workers in this region?
With 2.852 jobs per 1,000 workers, the density of Financial Manager roles is present but not exceptionally high, aligning with the overall lower concentration indicated by the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Eastern Region of Texas nonmetropolitan area area with a job density of 2.852 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 Region of Texas nonmetropolitan area