Average Financial Managers Salary in Houma-Bayou Cane-Thibodaux, LA
Financial Managers in Houma-Bayou Cane-Thibodaux, LA earn an average annual salary of $130,420. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentrations play a significant role in compensation within this region. The specific economic landscape of Houma-Bayou Cane-Thibodaux influences the demand and pay scale for these critical financial roles.
Executive Summary
- Average Salary: $130,420 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,070.
- Outlook: The local workforce for Financial Managers in Houma-Bayou Cane-Thibodaux, LA comprises approximately 250 professionals. With a Location Quotient of 0.57, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas. While the absolute number of professionals is moderate, the lower concentration suggests that opportunities may be more specialized or tied to specific local industries.
Salary Overview
The average Financial Managers in Houma-Bayou Cane-Thibodaux, LA earns-29.3%below the national average.
$62.7
$2,508
$10,868
Financial Managers Salary Trends (2020-2024)
While specific historical data for Houma-Bayou Cane-Thibodaux, LA is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increasing complexity of financial regulations, and a persistent demand for skilled professionals. This trend likely extends to the Houma region, with nominal salaries potentially seeing incremental increases year-over-year.
Financial Managers Salary Distribution in Houma-Bayou Cane-Thibodaux, LA
The salary trajectory for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The gap between the 25th percentile (entry-level) and the 75th percentile (senior) clearly signifies the substantial career progression and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,950 | $34.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,815 | $47 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,700 | $58 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,025 | $78.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,070 | $97.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,420
Gross Pay
Real Wage (Purchasing Power)
$130,420
Adjusted for COL (100)
The average nominal salary of $130,420 for Financial Managers in Houma-Bayou Cane-Thibodaux, LA aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial standing for professionals considering a move to or within the area.
Job Market Context
250
Total Jobs
3.051
Per 1K Jobs
0.57
Location Quotient
Houma-Bayou Cane-Thibodaux, LA has 0.57x 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 0.57 for Financial Managers in Houma-Bayou Cane-Thibodaux, LA indicates that this profession is less concentrated locally compared to the national average. This suggests that while the demand might not be exceptionally high relative to other professions, the market is not oversaturated, potentially offering stable employment for qualified individuals. The number of jobs per 1,000 workers (3.051) further contextualizes this moderate presence in the local labor market.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| New Orleans-Metairie, LA Financial Managers Salary | $140,420↑ 8% | 58 mi |
| Baton Rouge, LA Financial Managers Salary | $132,430↑ 2% | 65 mi |
| Hammond, LA Financial Managers Salary | $129,270↓ 1% | 66 mi |
| Slidell-Mandeville-Covington, LA Financial Managers Salary | $140,520↑ 8% | 74 mi |
| Lafayette, LA Financial Managers Salary | $120,130↓ 8% | 91 mi |
Comparing salaries near Houma-Bayou Cane-Thibodaux, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Houma-Bayou Cane-Thibodaux, LA?
The median annual salary for a Financial Managers in Houma-Bayou Cane-Thibodaux, LA is $130,420. This typically ranges from $70,950 for entry-level positions to $202,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Houma-Bayou Cane-Thibodaux, LA is 29.3% lower than the national median of $184,480.
Is Houma-Bayou Cane-Thibodaux, LA a lucrative place for Financial Managerss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $130,420 is significantly lower than the national average of $184,480, although the cost of living is at the national average.
Is Houma-Bayou Cane-Thibodaux, LA a good place to live for Financial Managers?
The Cost of Living Index in Houma-Bayou Cane-Thibodaux, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Houma-Bayou Cane-Thibodaux, LA?
Some top paying nearby cities include New Orleans-Metairie, LA ($140,420) and Baton Rouge, LA.
How does the Houma-Bayou Cane-Thibodaux, LA salary compare to the national average?
The average salary for Financial Managers in Houma-Bayou Cane-Thibodaux, LA is $130,420, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in Houma-Bayou Cane-Thibodaux, LA?
The concentration, measured by the Location Quotient, is 0.57, indicating that Financial Managers are less prevalent in Houma-Bayou Cane-Thibodaux, LA compared to the national average.
How does the cost of living affect the Financial Manager salary in Houma-Bayou Cane-Thibodaux, LA?
The cost of living in Houma-Bayou Cane-Thibodaux, LA is exactly at the national average (100), meaning the $130,420 salary has the same purchasing power as the national average salary.
What is the total number of Financial Managers in Houma-Bayou Cane-Thibodaux, LA?
There are approximately 250 Financial Managers working in the Houma-Bayou Cane-Thibodaux, LA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Houma-Bayou Cane-Thibodaux, LA area with a job density of 3.051 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 Houma-Bayou Cane-Thibodaux, LA