Average Financial Managers Salary in Johnson City, TN
Financial Managers in Johnson City, TN, earn an average annual salary of $137,880. This figure is notably below the national average of $184,480, reflecting regional economic factors and the specific demand for financial expertise within the local market. The compensation is influenced by the size of the local economy and the concentration of financial roles.
Executive Summary
- Average Salary: $137,880 per year.
- Growth Trend: Salaries have shifted 50.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $237,360.
- Outlook: With a total local workforce of 340 Financial Managers, the market in Johnson City, TN, indicates a stable, albeit not exceptionally large, presence of these professionals. The Location Quotient of 0.79 suggests that the concentration of Financial Managers is slightly below the national average, implying a moderate demand relative to other professions in the area.
Salary Overview
The average Financial Managers in Johnson City, TN earns-25.3%below the national average.
$66.3
$2,652
$11,490
Financial Managers Salary Trends (2020-2024)
While specific historical data for Johnson City, TN is not provided, it is generally assumed that salaries for Financial Managers have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity in financial regulations, and the evolving demands placed upon financial leadership across industries.
Financial Managers Salary Distribution in Johnson City, TN
Salary progression for Financial Managers in Johnson City, TN, is significantly tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive experience and strategic oversight, can reach substantially higher figures. The percentile gaps in earnings clearly signify the career progression opportunities available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,520 | $32.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,410 | $49.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $115,680 | $55.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,350 | $82.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $237,360 | $114.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$137,880
Gross Pay
Real Wage (Purchasing Power)
$137,880
Adjusted for COL (100)
The average annual salary of $137,880 in Johnson City, TN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Johnson City is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
340
Total Jobs
4.197
Per 1K Jobs
0.79
Location Quotient
Johnson City, TN has 0.79x 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 0.79 for Financial Managers in Johnson City, TN, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a consistent need for financial expertise, the market may not be saturated, potentially offering good opportunities for skilled professionals seeking roles in this sector.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Kingsport-Bristol, TN-VA Financial Managers Salary | $142,950↑ 4% | 16 mi |
| Morristown, TN Financial Managers Salary | $133,060↓ 3% | 52 mi |
| Asheville, NC Financial Managers Salary | $155,040↑ 12% | 54 mi |
| Hickory-Lenoir-Morganton, NC Financial Managers Salary | $153,920↑ 12% | 72 mi |
| Knoxville, TN Financial Managers Salary | $154,390↑ 12% | 91 mi |
Comparing salaries near Johnson City, TN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Johnson City, TN?
The median annual salary for a Financial Managers in Johnson City, TN is $137,880. This typically ranges from $67,520 for entry-level positions to $237,360 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Johnson City, TN is 25.3% lower than the national median of $184,480.
Is Johnson City, TN a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $137,880 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 Johnson City, TN a good place to live for Financial Managers?
The Cost of Living Index in Johnson City, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Johnson City, TN?
Some top paying nearby cities include Kingsport-Bristol, TN-VA ($142,950) and Morristown, TN.
How does the number of Financial Managers in Johnson City compare nationally?
Johnson City has a total of 340 Financial Managers, and the rate of 4.197 jobs per 1,000 workers is slightly below the national average, as indicated by the Location Quotient of 0.79.
What is the significance of the Location Quotient (LQ) for Financial Managers in Johnson City?
An LQ of 0.79 means that Financial Managers are employed in Johnson City at a rate 21% lower than the national average. This suggests a moderate level of demand and a less concentrated job market compared to national trends.
Does experience significantly impact a Financial Manager's salary in Johnson City?
Yes, experience is a primary driver of salary increases for Financial Managers. Entry-level professionals earn less, while those with extensive experience and specialized skills command higher compensation, reflecting increased responsibility and expertise.
How does the cost of living in Johnson City affect the perceived salary?
With a Cost of Living Index of 100, the national average, the $137,880 salary in Johnson City offers purchasing power equivalent to the national average. This means the salary is neither significantly boosted nor diminished by local living expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Johnson City, TN area with a job density of 4.197 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 Johnson City, TN