Average Financial Managers Salary in Kingsport-Bristol, TN-VA
Financial Managers in the Kingsport-Bristol, TN-VA area earn an average annual salary of $142,950. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to this locale. The pay scale in Kingsport-Bristol is thus shaped by the unique economic landscape and the concentration of financial management roles within the area.
Executive Summary
- Average Salary: $142,950 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $214,425.
- Outlook: The Kingsport-Bristol, TN-VA area supports a local workforce of 460 Financial Managers. With a Location Quotient of 0.74, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of nearly 4 jobs per 1,000 workers indicates a consistent need for financial expertise within the region's economy.
Salary Overview
The average Financial Managers in Kingsport-Bristol, TN-VA earns-22.5%below the national average.
$68.7
$2,749
$11,913
Financial Managers Salary Trends (2020-2024)
While specific historical data for Kingsport-Bristol is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by increasing complexity in financial markets and a persistent demand for skilled professionals. This upward trend is likely reflected, to some degree, within the Kingsport-Bristol market, though regional economic conditions may moderate the pace of salary increases.
Financial Managers Salary Distribution in Kingsport-Bristol, TN-VA
Salary progression for Financial Managers in Kingsport-Bristol, TN-VA typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn considerably more, potentially reaching into the upper percentiles. The gap between entry-level and senior-level compensation highlights the career advancement opportunities and the value placed on accumulated expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $75,960 | $36.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,213 | $51.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,050 | $60.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $178,688 | $85.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $214,425 | $103.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$142,950
Gross Pay
Real Wage (Purchasing Power)
$142,950
Adjusted for COL (100)
The average annual salary of $142,950 in Kingsport-Bristol, TN-VA aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this region is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
460
Total Jobs
3.934
Per 1K Jobs
0.74
Location Quotient
Kingsport-Bristol, TN-VA 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.
A Location Quotient of 0.74 for Financial Managers in Kingsport-Bristol, TN-VA suggests that the job market for this profession is slightly less concentrated than the national average. This indicates that while there is a steady presence of financial management roles, the market may be less saturated, potentially offering opportunities for skilled professionals without the intense competition found in more concentrated areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Johnson City, TN Financial Managers Salary | $137,880↓ 4% | 16 mi |
| Morristown, TN Financial Managers Salary | $133,060↓ 7% | 47 mi |
| Asheville, NC Financial Managers Salary | $155,040↑ 8% | 66 mi |
| Hickory-Lenoir-Morganton, NC Financial Managers Salary | $153,920↑ 8% | 87 mi |
| Knoxville, TN Financial Managers Salary | $154,390↑ 8% | 87 mi |
Comparing salaries near Kingsport-Bristol, TN-VA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Kingsport-Bristol, TN-VA?
The median annual salary for a Financial Managers in Kingsport-Bristol, TN-VA is $142,950. This typically ranges from $75,960 for entry-level positions to $214,425 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Kingsport-Bristol, TN-VA is 22.5% lower than the national median of $184,480.
Is Kingsport-Bristol, TN-VA a lucrative place for Financial Managers?
No, but it offers stable purchasing power.While the average salary of $142,950 is below the national average, the cost of living being exactly at the national average means your earnings will have equivalent purchasing power.
Is Kingsport-Bristol, TN-VA a good place to live for Financial Managers?
The Cost of Living Index in Kingsport-Bristol, TN-VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Kingsport-Bristol, TN-VA?
Some top paying nearby cities include Johnson City, TN ($137,880) and Morristown, TN.
How does the Kingsport-Bristol salary compare to the national average?
The average salary for Financial Managers in Kingsport-Bristol, TN-VA is $142,950, which is lower than the national average of $184,480.
What is the concentration of Financial Managers in Kingsport-Bristol?
The concentration, measured by the Location Quotient, is 0.74, indicating a slightly lower presence of Financial Managers compared to the national average.
How does the cost of living affect the salary in Kingsport-Bristol?
With a Cost of Living Index of 100, the salary of $142,950 in Kingsport-Bristol has the same purchasing power as the national average salary in a national average cost of living area.
What is the total number of Financial Managers in the Kingsport-Bristol area?
There are approximately 460 Financial Managers employed in the Kingsport-Bristol, TN-VA region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Kingsport-Bristol, TN-VA area with a job density of 3.934 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 Kingsport-Bristol, TN-VA