Average Financial Managers Salary in Jackson, MS
Financial Managers in Jackson, MS, earn an average annual salary of $132,100. This figure is notably below the national average of $184,480, suggesting that regional economic factors and industry demand specific to Mississippi influence compensation levels. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete financial picture.
Executive Summary
- Average Salary: $132,100 per year.
- Growth Trend: Salaries have shifted 28.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $222,230.
- Outlook: With a local workforce of 1,030 Financial Managers and a Location Quotient of 0.72, Jackson, MS, presents a market with moderate concentration compared to the national average. The presence of nearly 4 Financial Manager jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these professionals within the state capital's economic ecosystem.
Salary Overview
The average Financial Managers in Jackson, MS earns-28.4%below the national average.
$63.5
$2,540
$11,008
Financial Managers Salary Trends (2020-2024)
While specific historical data for Jackson, MS, is not provided, it is generally observed that salaries for Financial Managers nationwide have experienced consistent growth over the past four years, driven by increasing complexity in financial regulations and the demand for strategic financial planning. It is reasonable to assume that Jackson's market has mirrored this trend to some extent, with incremental salary increases reflecting evolving economic conditions and professional responsibilities.
Financial Managers Salary Distribution in Jackson, MS
The salary trajectory for Financial Managers in Jackson, MS, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and leadership capabilities can command salaries in the upper percentiles. These percentile gaps are indicative of the substantial career progression and earning potential available as one advances through various stages of their financial management career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,300 | $29 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,075 | $47.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,110 | $51 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,125 | $79.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $222,230 | $106.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$132,100
Gross Pay
Real Wage (Purchasing Power)
$132,100
Adjusted for COL (100)
The average annual salary of $132,100 for Financial Managers in Jackson, MS, aligns perfectly with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, making Jackson an economically stable location for these professionals where their earnings can maintain a comparable standard of living to their national counterparts.
Job Market Context
1,030
Total Jobs
3.839
Per 1K Jobs
0.72
Location Quotient
Jackson, MS has 0.72x 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 0.72 indicates that Financial Manager roles are less concentrated in Jackson, MS, than the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a more competitive environment for job seekers compared to areas with higher LQs, but also implying a potentially smaller pool of specialized roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Upper East Mississippi nonmetropolitan area Financial Managers Salary | $121,010↓ 8% | 43 mi |
| Lower East Mississippi nonmetropolitan area Financial Managers Salary | $116,990↓ 11% | 43 mi |
| Lower West Mississippi nonmetropolitan area Financial Managers Salary | $103,130↓ 22% | 43 mi |
| West Delta Mississippi nonmetropolitan area Financial Managers Salary | $123,820↓ 6% | 43 mi |
| Hattiesburg, MS Financial Managers Salary | $124,250↓ 6% | 87 mi |
Comparing salaries near Jackson, MS
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Jackson, MS?
The median annual salary for a Financial Managers in Jackson, MS is $132,100. This typically ranges from $60,300 for entry-level positions to $222,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jackson, MS is 28.4% lower than the national median of $184,480.
Is Jackson, MS a lucrative place for Financial Managers?
No, not compared to the national average.While Financial Managers in Jackson, MS, earn a respectable $132,100, this is significantly lower than the national average of $184,480. However, the cost of living being at the national average means the purchasing power is comparable.
Is Jackson, MS a good place to live for Financial Managers?
The Cost of Living Index in Jackson, MS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jackson, MS?
Some top paying nearby cities include Upper East Mississippi nonmetropolitan area ($121,010) and Lower East Mississippi nonmetropolitan area.
What is the average salary for a Financial Manager in Jackson, MS?
The average annual salary for a Financial Manager in Jackson, MS, is $132,100.
How does the Jackson, MS salary compare to the national average?
The average salary in Jackson, MS ($132,100) is lower than the national average of $184,480.
What is the cost of living in Jackson, MS?
The cost of living in Jackson, MS, is at the national average, indexed at 100.
How concentrated are Financial Manager jobs in Jackson, MS?
Financial Manager jobs are less concentrated in Jackson, MS, with a Location Quotient of 0.72, indicating a lower presence compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,030 employees in the Jackson, MS area with a job density of 3.839 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 Jackson, MS