Average Financial Managers Salary in Evansville, IN
Financial Managers in Evansville, IN, earn an average annual salary of $131,620. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the area. While lower than the national benchmark, this salary is influenced by the local economic landscape and the concentration of financial management roles within Evansville's business environment.
Executive Summary
- Average Salary: $131,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $201,790.
- Outlook: The financial management sector in Evansville, IN, comprises a local workforce of 510 professionals. With a Location Quotient of 0.71, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of 3.765 jobs per 1,000 workers indicates a consistent need for financial expertise within the local economy.
Salary Overview
The average Financial Managers in Evansville, IN earns-28.7%below the national average.
$63.3
$2,531
$10,968
Financial Managers Salary Trends (2020-2024)
While specific historical data for Evansville is not provided, it is generally observed that salaries for Financial Managers across the United States have experienced steady growth over the past four years, driven by increasing complexity in financial regulations and the demand for strategic financial planning. This national trend likely extends to Evansville, with local compensation adjusting incrementally to reflect market dynamics and inflation.
Financial Managers Salary Distribution in Evansville, IN
Salary progression for Financial Managers is significantly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive experience and strategic oversight, can reach substantially higher figures. The percentile gaps in compensation clearly signify the career progression opportunities available, rewarding accumulated knowledge and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,280 | $32.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $98,715 | $47.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,870 | $59.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $164,525 | $79.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $201,790 | $97 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$131,620
Gross Pay
Real Wage (Purchasing Power)
$131,620
Adjusted for COL (100)
The average annual salary of $131,620 for Financial Managers in Evansville, IN, aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary has the same purchasing power as the national average salary would have nationally. Consequently, professionals relocating to Evansville can expect their earnings to maintain parity with their national spending capabilities, offering a stable financial environment.
Job Market Context
510
Total Jobs
3.765
Per 1K Jobs
0.71
Location Quotient
Evansville, IN has 0.71x 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.
A Location Quotient of 0.71 indicates that Financial Manager roles are somewhat less concentrated in Evansville, IN, compared to the national average. This suggests that while the profession is present and necessary, the market may be less saturated than in major metropolitan hubs. This could translate to a competitive environment for job seekers, but also potentially more opportunities for those with specialized skills to stand out.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Financial Managers Salary | $109,950↓ 16% | 28 mi |
| Paducah, KY-IL Financial Managers Salary | $124,530↓ 5% | 88 mi |
| Bowling Green, KY Financial Managers Salary | $130,980↓ 0% | 92 mi |
| Elizabethtown, KY Financial Managers Salary | $134,230↑ 2% | 93 mi |
| Bloomington, IN Financial Managers Salary | $145,130↑ 10% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Evansville, IN?
The median annual salary for a Financial Managers in Evansville, IN is $131,620. This typically ranges from $67,280 for entry-level positions to $201,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 28.7% lower than the national median of $184,480.
Is Evansville, IN a lucrative place for Financial Managers?
No, not when compared to the national average.While the average salary of $131,620 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living in Evansville is also at the national average, meaning the purchasing power of the salary is maintained.
Is Evansville, IN a good place to live for Financial Managers?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($109,950) and Paducah, KY-IL.
What is the average salary for a Financial Manager in Evansville, IN?
The average annual salary for a Financial Manager in Evansville, IN, is $131,620.
How does the Evansville Financial Manager salary compare to the national average?
The average salary in Evansville ($131,620) is lower than the national average ($184,480).
What is the concentration of Financial Managers in Evansville, IN?
The concentration of Financial Managers in Evansville, IN, is indicated by a Location Quotient of 0.71, which is below the national average.
How does the cost of living in Evansville affect the Financial Manager salary?
Evansville's Cost of Living Index is 100, which is the national average. This means the $131,620 salary has the same purchasing power locally as the national average salary has nationally.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Evansville, IN area with a job density of 3.765 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 Evansville, IN