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Average Financial Managers Salary in El Paso, TX

Financial Managers in El Paso, TX, earn an average annual salary of $141,090. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in El Paso influence compensation levels for this critical role.

Executive Summary

  • Average Salary: $141,090 per year.
  • Growth Trend: Salaries have shifted 31.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $232,800.
  • Outlook: With a total local workforce of 870 Financial Managers, El Paso presents a modest but stable employment landscape for these professionals. The location quotient of 0.49 indicates that the concentration of Financial Managers is less than half the national average, suggesting that while opportunities exist, the market is not saturated, offering a balanced environment for job seekers.
2024 Market Data

Salary Overview

$141,090

The average Financial Managers in El Paso, TX earns-23.5%below the national average.

BreakdownBased on 40h/week
Hourly

$67.8

Weekly

$2,713

Monthly

$11,758

Financial Managers Salary Distribution in El Paso, TX

The salary trajectory for Financial Managers in El Paso, as in most markets, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive expertise and a proven track record can expect to earn considerably more. The widening gap between entry-level and senior-level salaries underscores the substantial career progression and earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$74,610$35.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$105,818$50.9
ManagerOversees team, compliance, and project delivery.50% (Median)$127,410$61.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$176,363$84.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$232,800$111.9

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$141,090

Gross Pay

Real Wage (Purchasing Power)

$141,090

Adjusted for COL (100)

The average annual salary of $141,090 in El Paso 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 El Paso is equivalent to the national average, offering a stable financial footing without the premium associated with higher cost-of-living areas.

Job Market Context

870

Total Jobs

2.612

Per 1K Jobs

0.49

Location Quotient

Low Concentration

At 0.49x, El Paso, TX has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

The location quotient of 0.49 for Financial Managers in El Paso signifies a lower concentration of these professionals compared to the national average. This suggests that the job market may be less competitive, potentially offering more opportunities for skilled individuals to secure positions, though it also implies a smaller overall demand pool relative to other regions.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Las Cruces, NM Financial Managers Salary$123,530↓ 12%39 mi

Comparing salaries near El Paso, TX

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in El Paso, TX?

The median annual salary for a Financial Managers in El Paso, TX is $141,090. This typically ranges from $74,610 for entry-level positions to $232,800 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in El Paso, TX is 23.5% lower than the national median of $184,480.

Is El Paso, TX a lucrative place for Financial Managers?

No, not compared to the national average.While Financial Managers in El Paso earn a respectable $141,090, this is significantly lower than the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.

Is El Paso, TX a good place to live for Financial Managers?

The Cost of Living Index in El Paso, TX is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near El Paso, TX?

Some top paying nearby cities include Las Cruces, NM ($123,530) and others.

How does El Paso's Financial Manager salary compare to the national average?

Financial Managers in El Paso earn an average of $141,090 annually, which is approximately 23.5% less than the national average of $184,480.

What is the concentration of Financial Managers in El Paso relative to the nation?

El Paso has a location quotient of 0.49 for Financial Managers, meaning the concentration of these roles is less than half of the national average.

Does the cost of living in El Paso affect the value of a Financial Manager's salary?

No, the cost of living in El Paso is exactly at the national average (100), so the $141,090 salary has the same purchasing power as the national average salary in a national average cost of living area.

How many Financial Manager jobs are there per 1,000 workers in El Paso?

There are approximately 2.612 Financial Manager jobs per 1,000 workers in El Paso, TX.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 870 employees in the El Paso, TX area with a job density of 2.612 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 El Paso, TX