Average Financial Managers Salary in Fayetteville, NC
Financial Managers in Fayetteville, NC, command an average annual salary of $146,800. This figure is notably below the national average of $184,480, reflecting the specific economic dynamics and demand within the Fayetteville metropolitan area. Localized market conditions, industry concentration, and the overall cost of doing business often dictate these regional salary variations.
Executive Summary
- Average Salary: $146,800 per year.
- Growth Trend: Salaries have shifted 13.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,810.
- Outlook: The Financial Manager job market in Fayetteville, NC, is characterized by a modest workforce size of 230 professionals. With a Location Quotient of 0.32, the concentration of these roles is below the national average, suggesting a less saturated but potentially more specialized local demand. The presence of 1.722 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, level of employment opportunities within this sector.
Salary Overview
The average Financial Managers in Fayetteville, NC earns-20.4%below the national average.
$70.6
$2,823
$12,233
Financial Managers Salary Trends (2020-2024)
While specific historical data for Fayetteville, NC, is not provided, it is generally assumed that salaries for Financial Managers have experienced consistent growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations and markets.
Financial Managers Salary Distribution in Fayetteville, NC
Salary progression for Financial Managers in Fayetteville, NC, is significantly influenced by experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the upper percentiles. The widening gap between entry-level and senior-level compensation clearly signifies opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $78,670 | $37.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,100 | $52.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,930 | $62.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $183,500 | $88.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,810 | $108.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$146,800
Gross Pay
Real Wage (Purchasing Power)
$146,800
Adjusted for COL (100)
The average annual salary of $146,800 for Financial Managers in Fayetteville, NC, aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the nominal salary offers purchasing power equivalent to the national average, providing a stable financial foundation for residents.
Job Market Context
230
Total Jobs
1.722
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Fayetteville, NC 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 0.32 for Financial Managers in Fayetteville, NC, indicates that this profession is less concentrated locally compared to the national average. This suggests that while there are established opportunities, the market is not oversaturated, potentially offering a competitive edge for skilled professionals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Pinehurst-Southern Pines, NC Financial Managers Salary | $150,540↑ 3% | 29 mi |
| Raleigh-Cary, NC Financial Managers Salary | $177,240↑ 21% | 55 mi |
| Eastern North Carolina nonmetropolitan area Financial Managers Salary | $135,140↓ 8% | 60 mi |
| Western North Carolina nonmetropolitan area Financial Managers Salary | $131,600↓ 10% | 60 mi |
| Central North Carolina nonmetropolitan area Financial Managers Salary | $131,130↓ 11% | 60 mi |
Comparing salaries near Fayetteville, NC
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fayetteville, NC?
The median annual salary for a Financial Managers in Fayetteville, NC is $146,800. This typically ranges from $78,670 for entry-level positions to $224,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fayetteville, NC is 20.4% lower than the national median of $184,480.
Is Fayetteville, NC a lucrative place for Financial Managers?
No, not when compared to the national average.Financial Managers in Fayetteville, NC, earn an average of $146,800, which is below the national average of $184,480. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Fayetteville, NC a good place to live for Financial Managers?
The Cost of Living Index in Fayetteville, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fayetteville, NC?
Some top paying nearby cities include Pinehurst-Southern Pines, NC ($150,540) and Raleigh-Cary, NC.
How does Fayetteville's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Fayetteville, NC, is $146,800, which is lower than the national average of $184,480.
What is the cost of living in Fayetteville, NC, for Financial Managers?
Fayetteville, NC, has a Cost of Living Index of 100, which is exactly the national average, meaning the cost of goods and services is comparable to the rest of the country.
How concentrated is the Financial Manager job market in Fayetteville, NC?
The job market for Financial Managers in Fayetteville, NC, is less concentrated than the national average, with a Location Quotient of 0.32.
What is the total number of Financial Managers in Fayetteville, NC?
There are approximately 230 Financial Managers employed in Fayetteville, NC.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Fayetteville, NC area with a job density of 1.722 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Fayetteville, NC
- All Occupations Salary in Fayetteville, NC
- Office and Administrative Support Occupations Salary in Fayetteville, NC
- Food Preparation and Serving Related Occupations Salary in Fayetteville, NC
- Sales and Related Occupations Salary in Fayetteville, NC
- Transportation and Material Moving Occupations Salary in Fayetteville, NC
- Healthcare Practitioners and Technical Occupations Salary in Fayetteville, NC
- Educational Instruction and Library Occupations Salary in Fayetteville, NC
- Business and Financial Operations Occupations Salary in Fayetteville, NC
- Management Occupations Salary in Fayetteville, NC
- Production Occupations Salary in Fayetteville, NC
- Browse All Jobs in Fayetteville, NC →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Fayetteville, NC