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Average Financial Managers Salary in Jackson, TN

Financial Managers in Jackson, TN, can expect an average annual salary of $126,340. This figure is notably below the national average of $184,480, reflecting localized economic factors and industry demand specific to the region. The pay scale in Jackson is influenced by the concentration of financial services and the overall economic landscape of the area.

Executive Summary

  • Average Salary: $126,340 per year.
  • Growth Trend: Salaries have shifted 24.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $202,550.
  • Outlook: The local workforce for Financial Managers in Jackson, TN, comprises 330 professionals. While the total number indicates a stable presence, the Location Quotient of 0.74 suggests a slightly lower concentration compared to the national average. This implies a moderate but not overwhelmingly saturated job market, with opportunities available for skilled individuals.
2024 Market Data

Salary Overview

$126,340

The average Financial Managers in Jackson, TN earns-31.5%below the national average.

BreakdownBased on 40h/week
Hourly

$60.7

Weekly

$2,430

Monthly

$10,528

Financial Managers Salary Distribution in Jackson, TN

The salary trajectory for Financial Managers in Jackson, TN, typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while senior roles, particularly those with extensive experience and specialized skills, can command salaries well above the $126,340 average. The percentile gaps in earnings underscore the substantial career progression and earning potential available.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$71,250$34.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$94,755$45.6
ManagerOversees team, compliance, and project delivery.50% (Median)$118,320$56.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$157,925$75.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$202,550$97.4

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$126,340

Gross Pay

Real Wage (Purchasing Power)

$126,340

Adjusted for COL (100)

With an average annual salary of $126,340 and a Cost of Living Index of 100 (matching the national average), Financial Managers in Jackson, TN, experience purchasing power that is aligned with national benchmarks. This means that the nominal salary translates directly to the expected cost of goods and services, offering a stable financial environment for residents.

Job Market Context

330

Total Jobs

3.904

Per 1K Jobs

0.74

Location Quotient

Below Average

Jackson, TN has 0.74x 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.

The Location Quotient of 0.74 for Financial Managers in Jackson, TN, indicates that the profession is slightly less concentrated than the national average. This suggests that while the role is present and valued, the market may not be as saturated with these specialists as in larger metropolitan areas, potentially offering a competitive edge for qualified candidates seeking employment.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Memphis, TN-MS-AR Financial Managers Salary$158,220↑ 25%74 mi
Florence-Muscle Shoals, AL Financial Managers Salary$143,410↑ 14%87 mi
Paducah, KY-IL Financial Managers Salary$124,530↓ 1%99 mi

Comparing salaries near Jackson, TN

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Jackson, TN?

The median annual salary for a Financial Managers in Jackson, TN is $126,340. This typically ranges from $71,250 for entry-level positions to $202,550 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Jackson, TN is 31.5% lower than the national median of $184,480.

Is Jackson, TN a lucrative place for Financial Managers?

No, it is not as lucrative as the national average.While the average salary of $126,340 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.

Is Jackson, TN a good place to live for Financial Managers?

The Cost of Living Index in Jackson, TN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Jackson, TN?

Some top paying nearby cities include Memphis, TN-MS-AR ($158,220) and Florence-Muscle Shoals, AL.

What is the average salary for a Financial Manager in Jackson, TN?

The average annual salary for a Financial Manager in Jackson, TN, is $126,340.

How does the Jackson, TN salary compare to the national average?

The average salary in Jackson, TN ($126,340) is considerably lower than the national average of $184,480.

What is the Cost of Living in Jackson, TN?

The Cost of Living Index in Jackson, TN, is 100, which is exactly the national average.

How concentrated is the Financial Manager job market in Jackson, TN?

The job market for Financial Managers in Jackson, TN, is slightly less concentrated than the national average, with a Location Quotient of 0.74.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Jackson, TN area with a job density of 3.904 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Jackson, TN