Average Financial Managers Salary in Huntsville, AL
Financial Managers in Huntsville, AL, earn an average annual salary of $163,990. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially industry-specific demand in Huntsville influence compensation levels for this critical role.
Executive Summary
- Average Salary: $163,990 per year.
- Growth Trend: Salaries have shifted 20.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $236,620.
- Outlook: With a local workforce of 750 Financial Managers and a Location Quotient of 0.54, Huntsville presents a market with moderate concentration compared to national benchmarks. While not a major hub for this profession, the presence of nearly 3 professionals per 1,000 workers indicates a stable, albeit less saturated, demand for financial expertise.
Salary Overview
The average Financial Managers in Huntsville, AL earns-11.1%below the national average.
$78.8
$3,154
$13,666
Financial Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Financial Managers in Huntsville have experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial planning likely contribute to upward salary adjustments in this sector.
Financial Managers Salary Distribution in Huntsville, AL
The career trajectory for Financial Managers in Huntsville typically involves significant salary increases with experience. Entry-level positions might start considerably lower, while senior roles, commanding higher salaries, represent the upper percentiles. The gap between entry-level and senior compensation underscores the value placed on accumulated expertise and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $96,150 | $46.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,993 | $59.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $154,510 | $74.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,988 | $98.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $236,620 | $113.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$163,990
Gross Pay
Real Wage (Purchasing Power)
$163,990
Adjusted for COL (100)
The average nominal salary of $163,990 in Huntsville 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 Huntsville is equivalent to that of their national counterparts, offering a stable financial environment without the pressure of higher living expenses.
Job Market Context
750
Total Jobs
2.873
Per 1K Jobs
0.54
Location Quotient
Huntsville, AL has 0.54x 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 0.54 indicates that Financial Manager roles are less concentrated in Huntsville than the national average. This suggests a less competitive job market relative to other locations, potentially offering more opportunities for skilled professionals to find positions, though it also implies a smaller overall ecosystem for this specific career.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Decatur, AL Financial Managers Salary | $147,290↓ 10% | 22 mi |
| Florence-Muscle Shoals, AL Financial Managers Salary | $143,410↓ 13% | 59 mi |
| Gadsden, AL Financial Managers Salary | $127,080↓ 23% | 60 mi |
| East Tennessee nonmetropolitan area Financial Managers Salary | $132,070↓ 19% | 73 mi |
| South Central Tennessee nonmetropolitan area Financial Managers Salary | $130,680↓ 20% | 73 mi |
Comparing salaries near Huntsville, AL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Huntsville, AL?
The median annual salary for a Financial Managers in Huntsville, AL is $163,990. This typically ranges from $96,150 for entry-level positions to $236,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Huntsville, AL is 11.1% lower than the national median of $184,480.
Is Huntsville, AL a lucrative place for Financial Managers?
Yes, with caveats.While the average salary is below the national average, the cost of living also matches the national average, making the effective purchasing power comparable. The lower concentration suggests potentially less competition for roles.
Is Huntsville, AL a good place to live for Financial Managers?
The Cost of Living Index in Huntsville, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Huntsville, AL?
Some top paying nearby cities include Decatur, AL ($147,290) and Florence-Muscle Shoals, AL.
How does Huntsville's Financial Manager salary compare to the national average?
The average salary in Huntsville, AL, is $163,990, which is approximately 11% lower than the national average of $184,480.
What is the cost of living in Huntsville, AL for Financial Managers?
Huntsville, AL, has a Cost of Living Index of 100, which is exactly the national average. This means expenses for goods and services are on par with the rest of the country.
How concentrated is the Financial Manager job market in Huntsville?
The Location Quotient of 0.54 indicates that Financial Managers are less concentrated in Huntsville compared to the national average, suggesting a less saturated market.
How many Financial Managers are there in Huntsville, AL?
There are approximately 750 Financial Managers working in Huntsville, AL, representing 2.873 jobs per 1,000 workers in the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the Huntsville, AL area with a job density of 2.873 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 Huntsville, AL