Average Financial Managers Salary in Lafayette, LA
Financial Managers in Lafayette, Louisiana, can expect an average annual salary of $120,130. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and the specific demand within the local market. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $120,130 per year.
- Growth Trend: Salaries have shifted 15.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $190,660.
- Outlook: With a local workforce of 630 Financial Managers and a Location Quotient of 0.67, Lafayette presents a market with moderate concentration compared to national benchmarks. The presence of 3.576 jobs per 1,000 workers suggests a stable, albeit not hyper-concentrated, demand for these professionals. This indicates a solid job market for experienced individuals, without the intense competition found in more saturated areas.
Salary Overview
The average Financial Managers in Lafayette, LA earns-34.9%below the national average.
$57.8
$2,310
$10,011
Financial Managers Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it's reasonable to assume that salaries for Financial Managers in the region have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive incremental increases in compensation for specialized roles like financial management.
Financial Managers Salary Distribution in Lafayette, LA
The career trajectory for Financial Managers in Lafayette, LA, typically involves significant salary progression based on experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries well into the higher percentiles. These percentile gaps clearly signify the opportunities for career advancement and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,310 | $28 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,098 | $43.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,290 | $50.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $150,163 | $72.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $190,660 | $91.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$120,130
Gross Pay
Real Wage (Purchasing Power)
$120,130
Adjusted for COL (100)
The average annual salary of $120,130 for Financial Managers in Lafayette, LA, 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 Lafayette is equivalent to that of someone earning the national average salary in a location with a cost of living of 100. Therefore, the nominal salary translates directly to the national average standard of living.
Job Market Context
630
Total Jobs
3.576
Per 1K Jobs
0.67
Location Quotient
Lafayette, LA has 0.67x 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 0.67 indicates that Financial Managers are less concentrated in Lafayette, LA, than the national average. This suggests that the job market may be less competitive, offering potentially more opportunities for skilled professionals to find roles without facing the intense competition seen in areas with a higher concentration. It implies a healthy demand relative to the available talent pool.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Financial Managers Salary | $132,430↑ 10% | 56 mi |
| Southwest Louisiana nonmetropolitan area Financial Managers Salary | $134,070↑ 12% | 67 mi |
| Central Louisiana nonmetropolitan area Financial Managers Salary | $114,870↓ 4% | 67 mi |
| Northeast Louisiana nonmetropolitan area Financial Managers Salary | $120,020↓ 0% | 67 mi |
| Lake Charles, LA Financial Managers Salary | $139,240↑ 16% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Lafayette, LA?
The median annual salary for a Financial Managers in Lafayette, LA is $120,130. This typically ranges from $58,310 for entry-level positions to $190,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 34.9% lower than the national median of $184,480.
Is Lafayette, LA a lucrative place for Financial Managers?
Yes, relative to its cost of living.While the average salary of $120,130 is below the national average, it is balanced by a Cost of Living Index of 100, meaning your earnings have equivalent purchasing power to the national average.
Is Lafayette, LA a good place to live for Financial Managers?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($132,430) and Southwest Louisiana nonmetropolitan area.
How does the Lafayette Financial Manager salary compare to the national average?
The average salary for Financial Managers in Lafayette, LA, is $120,130, which is significantly lower than the national average of $184,480.
What is the Cost of Living in Lafayette, LA?
Lafayette, LA has a Cost of Living Index of 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Lafayette, LA?
The job market is less concentrated than the national average, with a Location Quotient of 0.67, suggesting potentially less competition.
How many Financial Managers are there in Lafayette, LA?
There are approximately 630 Financial Managers in Lafayette, LA, representing 3.576 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Lafayette, LA area with a job density of 3.576 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 Lafayette, LA