Average Financial Managers Salary in Florida
Financial Managers in Florida earn an average annual salary of $167,830, which is slightly below the national average of $184,480. This difference can be attributed to a combination of factors including the specific industry mix within the state and regional economic dynamics that influence compensation levels for highly skilled finance professionals.
Executive Summary
- Average Salary: $167,830 per year.
- Growth Trend: Salaries have shifted 23.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $251,745.
- Outlook: With a substantial local workforce of 47,710 Financial Managers, Florida demonstrates a significant presence in this critical sector. The Location Quotient of 0.92 suggests that while the concentration is nearly at the national average, the sheer volume indicates a robust and active job market for financial leadership roles across various industries within the state.
Salary Overview
The average Financial Managers in Florida earns-9.0%below the national average.
$80.7
$3,228
$13,986
Financial Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Financial Managers in Florida have experienced steady growth over the past four years, mirroring national trends. Economic expansion, increasing demand for sophisticated financial planning, and inflation likely contribute to upward pressure on compensation for these vital roles.
Financial Managers Salary Distribution in Florida
The career trajectory for Financial Managers in Florida offers substantial earning potential, with significant salary increases from entry-level to senior positions. Experienced professionals can command salaries well above the average, with top earners potentially reaching much higher figures. The widening gap between entry-level and senior-level salaries, often seen across different percentiles, clearly signifies ample opportunity for career progression and increased compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,230 | $37.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $125,873 | $60.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $143,100 | $68.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $209,788 | $100.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $251,745 | $121 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$167,830
Gross Pay
Real Wage (Purchasing Power)
$164,057
Adjusted for COL (102.3)
The average annual salary of $167,830 in Florida presents a solid financial standing, especially when considering the local Cost of Living Index of 102.3. This index indicates that living expenses are only slightly higher than the national average, meaning the nominal salary offers a good purchasing power for Financial Managers residing in the state.
Job Market Context
47,710
Total Jobs
4.858
Per 1K Jobs
0.92
Location Quotient
Florida has 0.92x 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 0.92 for Financial Managers in Florida indicates that the state has a job market concentration that is very close to the national average. This suggests a competitive yet stable environment where the number of Financial Managers is proportionally aligned with the overall workforce, implying consistent demand and availability of talent.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Sebring, FL Financial Managers Salary | $128,080↓ 24% | 25 mi |
| Lakeland-Winter Haven, FL Financial Managers Salary | $152,690↓ 9% | 26 mi |
| Tampa-St. Petersburg-Clearwater, FL Financial Managers Salary | $168,620↑ 0% | 49 mi |
| Orlando-Kissimmee-Sanford, FL Financial Managers Salary | $162,470↓ 3% | 57 mi |
| North Port-Bradenton-Sarasota, FL Financial Managers Salary | $160,290↓ 4% | 58 mi |
Comparing salaries near Florida
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Florida?
The median annual salary for a Financial Managers in Florida is $167,830. This typically ranges from $77,230 for entry-level positions to $251,745 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florida is 9.0% lower than the national median of $184,480.
Is Florida a lucrative place for Financial Managers?
Yes, Florida offers a competitive salary for Financial Managers.While the average salary is slightly below the national average, the cost of living is also only marginally higher, making Florida a financially viable and attractive location for these professionals.
Is Florida a good place to live for Financial Managers?
The Cost of Living Index in Florida is 102.3. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florida?
Some top paying nearby cities include Sebring, FL ($128,080) and Lakeland-Winter Haven, FL.
What is the average salary for a Financial Manager in Florida?
The average annual salary for a Financial Manager in Florida is $167,830.
How does Florida's salary for Financial Managers compare to the national average?
Financial Managers in Florida earn approximately $16,650 less than the national average salary of $184,480.
Is the job market for Financial Managers strong in Florida?
Yes, with a large workforce and a Location Quotient near the national average, the job market for Financial Managers in Florida is robust and indicates steady demand.
How does the cost of living in Florida affect a Financial Manager's salary?
Florida's cost of living is just slightly above the national average (102.3 index), meaning the $167,830 salary provides good purchasing power for residents.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 47,710 employees in the Florida area with a job density of 4.858 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 Florida