Average Financial Managers Salary in Jefferson City, MO
Financial Managers in Jefferson City, MO, earn an average annual salary of $124,840. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus influence compensation in this Missouri capital. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $124,840 per year.
- Growth Trend: Salaries have shifted 13.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,770.
- Outlook: Jefferson City, MO, hosts a local workforce of 350 Financial Managers, with a jobs-per-1,000-workers ratio of 4.475. The Location Quotient of 0.84 indicates a slightly lower concentration of these roles compared to the national average. This suggests a stable, albeit not hyper-concentrated, job market for financial management professionals in the area, implying consistent demand without extreme competition.
Salary Overview
The average Financial Managers in Jefferson City, MO earns-32.3%below the national average.
$60
$2,401
$10,403
Financial Managers Salary Trends (2020-2024)
While specific historical data for Jefferson City is not provided, it's generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for financial expertise, and evolving market conditions. This upward trend is likely reflected, to some degree, in the Jefferson City market, even if the pace differs from national benchmarks.
Financial Managers Salary Distribution in Jefferson City, MO
The salary range for Financial Managers in Jefferson City, MO, naturally scales with experience. Entry-level positions typically start at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher compensation. The percentile gaps between junior, mid-level, and senior roles clearly signify opportunities for career progression and substantial earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,840 | $29.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,630 | $45 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $106,000 | $51 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $156,050 | $75 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $198,770 | $95.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$124,840
Gross Pay
Real Wage (Purchasing Power)
$124,840
Adjusted for COL (100)
The average annual salary of $124,840 for Financial Managers in Jefferson City, MO, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Jefferson City is equivalent to the national average, providing a stable financial foundation for residents without the premium or discount often associated with higher or lower cost-of-living areas.
Job Market Context
350
Total Jobs
4.475
Per 1K Jobs
0.84
Location Quotient
Jefferson City, MO has 0.84x 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.
With a Location Quotient of 0.84, Jefferson City, MO, has a slightly lower concentration of Financial Managers than the national average. This indicates that while the profession is present and valued, it is not as dominant a sector as it might be in other regions. This suggests a moderately competitive market where skilled professionals can find opportunities, but the sheer volume of roles may be less than in national hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Southeast Missouri nonmetropolitan area Financial Managers Salary | $126,560↑ 1% | 10 mi |
| Central Missouri nonmetropolitan area Financial Managers Salary | $121,240↓ 3% | 10 mi |
| North Missouri nonmetropolitan area Financial Managers Salary | $126,980↑ 2% | 10 mi |
| Southwest Missouri nonmetropolitan area Financial Managers Salary | $118,690↓ 5% | 10 mi |
| Columbia, MO Financial Managers Salary | $140,760↑ 13% | 27 mi |
Comparing salaries near Jefferson City, MO
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Jefferson City, MO?
The median annual salary for a Financial Managers in Jefferson City, MO is $124,840. This typically ranges from $61,840 for entry-level positions to $198,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jefferson City, MO is 32.3% lower than the national median of $184,480.
Is Jefferson City, MO a lucrative place for Financial Managers?
Moderately lucrative, with average earnings.Financial Managers in Jefferson City earn $124,840, which is below the national average but matches the national average cost of living. This indicates a balanced, though not exceptionally high, earning potential relative to expenses.
Is Jefferson City, MO a good place to live for Financial Managers?
The Cost of Living Index in Jefferson City, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jefferson City, MO?
Some top paying nearby cities include Southeast Missouri nonmetropolitan area ($126,560) and Central Missouri nonmetropolitan area.
How does Jefferson City's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Jefferson City, MO, is $124,840, which is significantly lower than the national average of $184,480.
What is the cost of living in Jefferson City, MO?
Jefferson City, MO, has a Cost of Living Index of 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the United States.
How concentrated is the Financial Manager job market in Jefferson City, MO?
The job market for Financial Managers in Jefferson City is slightly less concentrated than the national average, with a Location Quotient of 0.84, suggesting a stable but not overly saturated field.
What does a Location Quotient of 0.84 mean for Financial Managers in Jefferson City?
A Location Quotient of 0.84 signifies that there are fewer Financial Managers per worker in Jefferson City compared to the national average, indicating a moderate level of job availability and competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Jefferson City, MO area with a job density of 4.475 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 Jefferson City, MO