Average Financial Managers Salary in Jonesboro, AR
Financial Managers in Jonesboro, Arkansas, command an average annual salary of $122,140. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the area. The local market dynamics, including the concentration of financial services and the overall economic landscape of Jonesboro, play a significant role in shaping compensation levels for these critical roles.
Executive Summary
- Average Salary: $122,140 per year.
- Growth Trend: Salaries have shifted 33.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $191,520.
- Outlook: The Financial Manager job market in Jonesboro, AR, is characterized by a local workforce of 240 professionals. With a Location Quotient of 0.75, the concentration of Financial Managers is slightly below the national average, suggesting a stable but not exceptionally high demand relative to other regions. The presence of nearly 4 Financial Managers per 1,000 workers indicates a consistent need for these professionals within the local economy.
Salary Overview
The average Financial Managers in Jonesboro, AR earns-33.8%below the national average.
$58.7
$2,349
$10,178
Financial Managers Salary Trends (2020-2024)
While specific historical data for Jonesboro is not provided, it is reasonable to assume that salaries for Financial Managers in the region have experienced gradual growth over the past four years, mirroring national trends. Economic development and the increasing complexity of financial operations typically drive upward pressure on compensation, even in smaller markets.
Financial Managers Salary Distribution in Jonesboro, AR
Salary progression for Financial Managers in Jonesboro, AR, typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear career trajectory and the increasing value placed on specialized financial acumen and strategic oversight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,630 | $26.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,605 | $44 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $102,000 | $49 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $152,675 | $73.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $191,520 | $92.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$122,140
Gross Pay
Real Wage (Purchasing Power)
$122,140
Adjusted for COL (100)
A nominal salary of $122,140 in Jonesboro, AR, holds significant purchasing power, as the local Cost of Living Index is precisely at the national average of 100. This means that the salary earned by Financial Managers in Jonesboro offers a lifestyle equivalent to the national standard, without the added financial strain of a higher cost of living often seen in major metropolitan areas.
Job Market Context
240
Total Jobs
3.963
Per 1K Jobs
0.75
Location Quotient
Jonesboro, AR has 0.75x 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 0.75 for Financial Managers in Jonesboro, AR, indicates that the profession is less concentrated than the national average. This suggests a market that is neither oversaturated nor experiencing extreme scarcity, implying a balanced environment for job seekers and employers. While not a hub for this specific role, the steady presence of 3.963 jobs per 1,000 workers points to ongoing opportunities.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Memphis, TN-MS-AR Financial Managers Salary | $158,220↑ 30% | 64 mi |
Comparing salaries near Jonesboro, AR
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Jonesboro, AR?
The median annual salary for a Financial Managers in Jonesboro, AR is $122,140. This typically ranges from $55,630 for entry-level positions to $191,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Jonesboro, AR is 33.8% lower than the national median of $184,480.
Is Jonesboro, AR a lucrative place for Financial Managers?
Moderately so, considering the cost of living.While the average salary of $122,140 is below the national average, the cost of living in Jonesboro, AR, is also at the national average. This creates a balanced financial environment where the nominal salary provides standard purchasing power.
Is Jonesboro, AR a good place to live for Financial Managers?
The Cost of Living Index in Jonesboro, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Jonesboro, AR?
Some top paying nearby cities include Memphis, TN-MS-AR ($158,220) and others.
How does the Jonesboro Financial Manager salary compare to the national average?
The average salary for Financial Managers in Jonesboro, AR, is $122,140, which is substantially lower than the national average of $184,480.
What is the concentration of Financial Managers in Jonesboro, AR?
The concentration, measured by the Location Quotient, is 0.75, indicating a slightly lower presence of Financial Managers compared to the national average.
Does the cost of living affect the value of a Financial Manager's salary in Jonesboro?
No, the cost of living in Jonesboro is exactly at the national average (100), meaning the $122,140 salary has standard purchasing power relative to the rest of the country.
How many Financial Managers are there in Jonesboro, AR?
There are approximately 240 Financial Managers in Jonesboro, AR, representing 3.963 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 240 employees in the Jonesboro, AR area with a job density of 3.963 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Jonesboro, AR
- All Occupations Salary in Jonesboro, AR
- Office and Administrative Support Occupations Salary in Jonesboro, AR
- Transportation and Material Moving Occupations Salary in Jonesboro, AR
- Healthcare Practitioners and Technical Occupations Salary in Jonesboro, AR
- Food Preparation and Serving Related Occupations Salary in Jonesboro, AR
- Production Occupations Salary in Jonesboro, AR
- Sales and Related Occupations Salary in Jonesboro, AR
- Educational Instruction and Library Occupations Salary in Jonesboro, AR
- Management Occupations Salary in Jonesboro, AR
- Healthcare Support Occupations Salary in Jonesboro, AR
- Browse All Jobs in Jonesboro, AR →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Jonesboro, AR