Average Financial Managers Salary in Killeen-Temple, TX
Financial Managers in Killeen-Temple, TX, earn an average annual salary of $148,410. This figure is notably below the national average of $184,480, reflecting regional economic factors and demand specific to the Killeen-Temple area. The local market dynamics, including industry concentration and cost of living, play a significant role in shaping compensation for these vital finance professionals.
Executive Summary
- Average Salary: $148,410 per year.
- Growth Trend: Salaries have shifted 16.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $228,290.
- Outlook: The Killeen-Temple, TX, job market for Financial Managers, while having a smaller total workforce of 390 professionals, presents a concentration (Location Quotient) of 0.49, indicating a below-average presence compared to national benchmarks. The rate of 2.602 jobs per 1,000 workers suggests a steady, albeit not booming, demand for financial management expertise within the region.
Salary Overview
The average Financial Managers in Killeen-Temple, TX earns-19.6%below the national average.
$71.4
$2,854
$12,368
Financial Managers Salary Trends (2020-2024)
While specific historical data for Killeen-Temple is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced consistent growth over the past four years, driven by inflation, increasing complexity of financial regulations, and the essential role these professionals play in business operations. This upward trend is likely reflected, to some degree, in the local Killeen-Temple market.
Financial Managers Salary Distribution in Killeen-Temple, TX
Career progression for Financial Managers in Killeen-Temple, TX, typically involves a significant salary increase with experience. Entry-level positions might start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting a substantial earning potential as one advances through junior, mid-level, and senior management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,380 | $34.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $111,308 | $53.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,970 | $61.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $185,513 | $89.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $228,290 | $109.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$148,410
Gross Pay
Real Wage (Purchasing Power)
$148,410
Adjusted for COL (100)
The average annual salary of $148,410 in Killeen-Temple, TX, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national average, suggesting that the nominal salary offers a standard of living comparable to the rest of the country.
Job Market Context
390
Total Jobs
2.602
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Killeen-Temple, TX has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.49, the Killeen-Temple, TX, market for Financial Managers is less concentrated than the national average. This suggests that while there is a demand for these roles, the field is not as saturated as in other regions, potentially offering opportunities for skilled professionals to establish themselves, though competition may be less intense than in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Financial Managers Salary | $137,680↓ 7% | 10 mi |
| Northwestern Region of Texas nonmetropolitan area Financial Managers Salary | $144,340↓ 3% | 10 mi |
| Hill Country Region of Texas nonmetropolitan area Financial Managers Salary | $138,010↓ 7% | 10 mi |
| Coastal Plains Region of Texas nonmetropolitan area Financial Managers Salary | $136,900↓ 8% | 10 mi |
| Eastern Region of Texas nonmetropolitan area Financial Managers Salary | $139,430↓ 6% | 10 mi |
Comparing salaries near Killeen-Temple, TX
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Killeen-Temple, TX?
The median annual salary for a Financial Managers in Killeen-Temple, TX is $148,410. This typically ranges from $72,380 for entry-level positions to $228,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Killeen-Temple, TX is 19.6% lower than the national median of $184,480.
Is Killeen-Temple, TX a lucrative place for Financial Managers?
No, it is not exceptionally lucrative compared to national averages.The average salary of $148,410 is significantly lower than the national average of $184,480, although the cost of living is on par with the national average.
Is Killeen-Temple, TX a good place to live for Financial Managers?
The Cost of Living Index in Killeen-Temple, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Killeen-Temple, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($137,680) and Northwestern Region of Texas nonmetropolitan area.
How does the Killeen-Temple Financial Manager salary compare to the national average?
Financial Managers in Killeen-Temple, TX, earn an average of $148,410 annually, which is approximately 19.5% less than the national average salary of $184,480.
What is the job concentration for Financial Managers in Killeen-Temple, TX?
The Location Quotient for Financial Managers in Killeen-Temple, TX, is 0.49, indicating that the concentration of these jobs in the area is less than half of the national average.
How does the cost of living affect the Financial Manager salary in Killeen-Temple, TX?
With a Cost of Living Index of 100, Killeen-Temple, TX, has a cost of living that matches the national average. Therefore, the $148,410 salary offers purchasing power equivalent to the national average.
What is the total number of Financial Managers in Killeen-Temple, TX?
There are approximately 390 Financial Managers employed in the Killeen-Temple, TX, metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Killeen-Temple, TX area with a job density of 2.602 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 Killeen-Temple, TX