Average Financial Managers Salary in Hattiesburg, MS
Financial Managers in Hattiesburg, MS earn an average annual salary of $124,250. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and the specific demand for financial expertise within the local market. The compensation is influenced by the concentration of financial roles and the overall economic landscape of the area.
Executive Summary
- Average Salary: $124,250 per year.
- Growth Trend: Salaries have shifted 22.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $199,990.
- Outlook: Hattiesburg, MS presents a modest but stable job market for Financial Managers, with a total local workforce of 230 individuals in this role. The Location Quotient of 0.69 indicates a slightly lower concentration of these professionals compared to the national average, suggesting that while opportunities exist, the market is not oversaturated. The presence of 3.651 Financial Managers per 1,000 workers signifies a consistent, albeit not exceptionally high, demand for their specialized skills.
Salary Overview
The average Financial Managers in Hattiesburg, MS earns-32.6%below the national average.
$59.7
$2,389
$10,354
Financial Managers Salary Trends (2020-2024)
While specific historical data for Hattiesburg is not provided, it's reasonable to assume that salaries for Financial Managers in the region have experienced gradual growth over the past four years, mirroring national trends. Economic development and an increasing need for sophisticated financial oversight typically drive salary increases, even in smaller markets. This suggests a positive trajectory for compensation, aligning with broader industry advancements and inflation.
Financial Managers Salary Distribution in Hattiesburg, MS
The career path for Financial Managers in Hattiesburg, MS, like elsewhere, involves significant salary progression based on experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and leadership, can reach considerably higher figures. The percentile gaps in salary distribution highlight the substantial rewards associated with advancing through the ranks, from junior analyst to seasoned financial director.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,580 | $27.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,188 | $44.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,220 | $49.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $155,313 | $74.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $199,990 | $96.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$124,250
Gross Pay
Real Wage (Purchasing Power)
$124,250
Adjusted for COL (100)
The average annual salary of $124,250 for Financial Managers in Hattiesburg, MS, 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 Hattiesburg is equivalent to that of a Financial Manager earning the national average salary in a location with a national average cost of living. Consequently, the nominal salary translates directly to a comparable standard of living without significant adjustments for local expenses.
Job Market Context
230
Total Jobs
3.651
Per 1K Jobs
0.69
Location Quotient
Hattiesburg, MS has 0.69x 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 0.69, Hattiesburg, MS, has a slightly lower concentration of Financial Managers than the national average. This suggests that the job market for these professionals is less competitive than in major metropolitan areas, potentially offering more direct opportunities for those seeking roles. While not a hub for financial management, the steady presence of these roles indicates a consistent need within the local economy for skilled financial expertise.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Gulfport-Biloxi, MS Financial Managers Salary | $121,080↓ 3% | 63 mi |
| Slidell-Mandeville-Covington, LA Financial Managers Salary | $140,520↑ 13% | 76 mi |
| Mobile, AL Financial Managers Salary | $136,510↑ 10% | 83 mi |
| Jackson, MS Financial Managers Salary | $132,100↑ 6% | 87 mi |
| Hammond, LA Financial Managers Salary | $129,270↑ 4% | 87 mi |
Comparing salaries near Hattiesburg, MS
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Hattiesburg, MS?
The median annual salary for a Financial Managers in Hattiesburg, MS is $124,250. This typically ranges from $56,580 for entry-level positions to $199,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hattiesburg, MS is 32.6% lower than the national median of $184,480.
Is Hattiesburg, MS a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $124,250 is substantial, it falls significantly 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 equivalent nationally.
Is Hattiesburg, MS a good place to live for Financial Managers?
The Cost of Living Index in Hattiesburg, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hattiesburg, MS?
Some top paying nearby cities include Gulfport-Biloxi, MS ($121,080) and Slidell-Mandeville-Covington, LA.
What is the average salary for a Financial Manager in Hattiesburg, MS?
The average annual salary for a Financial Manager in Hattiesburg, MS is $124,250.
How does Hattiesburg's Financial Manager salary compare to the national average?
The average salary in Hattiesburg, MS ($124,250) is considerably lower than the national average of $184,480.
What is the Cost of Living in Hattiesburg, MS?
Hattiesburg, MS has a Cost of Living Index of 100, which is the national average.
Is there high demand for Financial Managers in Hattiesburg, MS?
The demand is moderate, indicated by 3.651 jobs per 1,000 workers and a Location Quotient of 0.69, suggesting a stable but not exceptionally high concentration of these roles.
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 Hattiesburg, MS area with a job density of 3.651 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 Hattiesburg, MS