Average Financial Managers Salary in Fort Smith, AR-OK
Financial Managers in Fort Smith, AR-OK earn an average annual salary of $116,950, which is notably below the national average of $184,480. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market. The specific economic landscape of Fort Smith shapes the compensation benchmarks for these critical roles.
Executive Summary
- Average Salary: $116,950 per year.
- Growth Trend: Salaries have shifted 26.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $197,990.
- Outlook: The Fort Smith, AR-OK market supports approximately 400 Financial Managers, representing a concentration (Location Quotient) of 0.78, indicating a slightly lower presence compared to the national average. With 4.116 jobs per 1,000 workers, the demand, while present, suggests a moderately competitive environment for financial management professionals in this region.
Salary Overview
The average Financial Managers in Fort Smith, AR-OK earns-36.6%below the national average.
$56.2
$2,249
$9,746
Financial Managers Salary Trends (2020-2024)
While specific historical data for Fort Smith is not provided, it is generally assumed that salaries for Financial Managers across the nation, and likely within Fort Smith, have experienced a steady upward trend over the past four years. This growth is typically driven by increasing complexity in financial regulations, evolving business strategies, and the persistent need for skilled financial oversight in a dynamic economic climate.
Financial Managers Salary Distribution in Fort Smith, AR-OK
Salary progression for Financial Managers in Fort Smith, AR-OK, is significantly tied to experience and demonstrated expertise. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive experience, strategic leadership, and specialized certifications can see earnings rise substantially. The percentile gaps in salary data reflect these career progression pathways, rewarding seasoned professionals with higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,550 | $29.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,713 | $42.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,140 | $50.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,188 | $70.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $197,990 | $95.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$116,950
Gross Pay
Real Wage (Purchasing Power)
$116,950
Adjusted for COL (100)
The average annual salary of $116,950 in Fort Smith, AR-OK, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Fort Smith is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
400
Total Jobs
4.116
Per 1K Jobs
0.78
Location Quotient
Fort Smith, AR-OK has 0.78x 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 0.78, the Fort Smith, AR-OK market is less concentrated with Financial Managers than the national average. This suggests that while the profession is established, the job market may not be saturated, potentially offering opportunities for skilled professionals. However, it also implies that the demand might be more localized and less robust compared to larger metropolitan areas with higher LQs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Fayetteville-Springdale-Rogers, AR Financial Managers Salary | $162,720↑ 39% | 51 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↓ 10% | 96 mi |
Comparing salaries near Fort Smith, AR-OK
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Fort Smith, AR-OK?
The median annual salary for a Financial Managers in Fort Smith, AR-OK is $116,950. This typically ranges from $61,550 for entry-level positions to $197,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fort Smith, AR-OK is 36.6% lower than the national median of $184,480.
Is Fort Smith, AR-OK a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the salary of $116,950 is substantial, it falls significantly short of the national average, indicating less lucrative opportunities. However, the cost of living being at the national average provides good purchasing power for the salary offered.
Is Fort Smith, AR-OK a good place to live for Financial Managers?
The Cost of Living Index in Fort Smith, AR-OK is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fort Smith, AR-OK?
Some top paying nearby cities include Fayetteville-Springdale-Rogers, AR ($162,720) and Hot Springs, AR.
How does the local workforce size impact Financial Manager roles in Fort Smith?
The local workforce of 400 Financial Managers suggests a stable, albeit not massive, presence of these professionals, indicating consistent demand within the region's businesses.
What does a Location Quotient of 0.78 mean for Financial Managers in Fort Smith?
A Location Quotient of 0.78 signifies that Financial Managers are slightly less prevalent in Fort Smith compared to the national average, suggesting a potentially less competitive but also possibly less dynamic job market.
How does the cost of living in Fort Smith compare to other areas for Financial Managers?
Fort Smith's Cost of Living Index of 100 means it is exactly average nationally, making the $116,950 salary comparable in real terms to the national average salary's purchasing power.
Are there many job openings for Financial Managers in Fort Smith?
With 4.116 jobs per 1,000 workers, there is a steady presence of job opportunities, though the lower Location Quotient suggests the market is not as dense as in major financial hubs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Fort Smith, AR-OK area with a job density of 4.116 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 Fort Smith, AR-OK