Average Financial Managers Salary in Houston-Pasadena-The Woodlands, TX
Financial Managers in Houston-Pasadena-The Woodlands, TX, command an impressive average annual salary of $183,190. This figure is remarkably close to the national average of $184,480, indicating a strong and competitive market for these finance professionals. The robust local economy and significant presence of industries requiring sophisticated financial oversight likely contribute to this competitive compensation.
Executive Summary
- Average Salary: $183,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $274,785.
- Outlook: With a substantial local workforce of 17,440 Financial Managers and a Location Quotient of 1.01, the job market in Houston-Pasadena-The Woodlands, TX, demonstrates a healthy and stable demand. The LQ slightly above the national average suggests a concentration of these roles, implying consistent opportunities and a well-established professional community within the region.
Salary Overview
The average Financial Managers in Houston-Pasadena-The Woodlands, TX earns-0.7%below the national average.
$88.1
$3,523
$15,266
Financial Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the average salary for Financial Managers in Houston-Pasadena-The Woodlands, TX, has experienced steady growth over the past four years. This trend is generally observed across the finance sector, driven by increasing economic complexity, evolving regulatory landscapes, and the continuous need for expert financial guidance.
Financial Managers Salary Distribution in Houston-Pasadena-The Woodlands, TX
Salary progression for Financial Managers is strongly tied to experience and responsibility. Entry-level positions typically fall into the lower percentiles, while senior roles with extensive experience and strategic oversight command salaries in the upper percentiles. The widening gap between these percentiles clearly signifies the significant career advancement and earning potential available within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $98,570 | $47.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $137,393 | $66.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $165,220 | $79.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $228,988 | $110.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $274,785 | $132.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$183,190
Gross Pay
Real Wage (Purchasing Power)
$183,190
Adjusted for COL (100)
The nominal average salary of $183,190 in Houston-Pasadena-The Woodlands, TX, 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 this region is equivalent to the national average, offering a stable financial standing without significant adjustments needed for daily expenses.
Job Market Context
17,440
Total Jobs
5.373
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Houston-Pasadena-The Woodlands, TX has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A Location Quotient of 1.01 for Financial Managers in Houston-Pasadena-The Woodlands, TX, indicates a job market that is nearly identical in concentration to the national average. This suggests a balanced environment where the number of Financial Managers is proportionate to the overall workforce, implying a competitive yet accessible market for both employers and job seekers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Beaumont-Port Arthur, TX Financial Managers Salary | $150,690↓ 18% | 77 mi |
| College Station-Bryan, TX Financial Managers Salary | $146,090↓ 20% | 77 mi |
Comparing salaries near Houston-Pasadena-The Woodlands, TX
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Houston-Pasadena-The Woodlands, TX?
The median annual salary for a Financial Managers in Houston-Pasadena-The Woodlands, TX is $183,190. This typically ranges from $98,570 for entry-level positions to $274,785 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Houston-Pasadena-The Woodlands, TX is 0.7% lower than the national median of $184,480.
Is Houston-Pasadena-The Woodlands, TX a lucrative place for Financial Managers?
Yes, it is a lucrative place for Financial Managers.The average salary of $183,190 is very close to the national average, and the cost of living is exactly at the national average, indicating strong earning potential relative to expenses.
Is Houston-Pasadena-The Woodlands, TX a good place to live for Financial Managers?
The Cost of Living Index in Houston-Pasadena-The Woodlands, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Houston-Pasadena-The Woodlands, TX?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($150,690) and College Station-Bryan, TX.
How does the Houston-Pasadena-The Woodlands, TX salary compare to the national average?
The average salary of $183,190 in Houston-Pasadena-The Woodlands, TX, is only slightly below the national average of $184,480, indicating a highly competitive local market.
What is the cost of living impact on a Financial Manager's salary in this region?
With a Cost of Living Index of 100, the national average, a Financial Manager's salary of $183,190 offers purchasing power equivalent to the national average, making it financially stable.
How concentrated is the Financial Manager job market in Houston-Pasadena-The Woodlands, TX?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.01, suggesting a robust presence of Financial Manager roles.
What does the total local workforce number suggest about opportunities?
A total local workforce of 17,440 Financial Managers indicates a significant pool of professionals and a substantial demand for these roles within the Houston-Pasadena-The Woodlands, TX area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,440 employees in the Houston-Pasadena-The Woodlands, TX area with a job density of 5.373 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 Houston-Pasadena-The Woodlands, TX
- All Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Office and Administrative Support Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Transportation and Material Moving Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Food Preparation and Serving Related Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Management Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Sales and Related Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Educational Instruction and Library Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Business and Financial Operations Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Healthcare Practitioners and Technical Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Construction and Extraction Occupations Salary in Houston-Pasadena-The Woodlands, TX
- Browse All Jobs in Houston-Pasadena-The Woodlands, TX →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Houston-Pasadena-The Woodlands, TX