Average Financial Managers Salary in Lake Charles, LA
Financial Managers in Lake Charles, Louisiana, earn an average annual salary of $139,240. This figure is notably below the national average of $184,480, suggesting that local market dynamics, such as industry demand and the cost of doing business, play a significant role in compensation levels within this specific region.
Executive Summary
- Average Salary: $139,240 per year.
- Growth Trend: Salaries have shifted 33.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $227,050.
- Outlook: The local job market for Financial Managers in Lake Charles, LA, comprises a workforce of 230 professionals. With a Location Quotient of 0.42, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas. The presence of 2.246 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Lake Charles, LA earns-24.5%below the national average.
$66.9
$2,678
$11,603
Financial Managers Salary Trends (2020-2024)
While specific historical data for Lake Charles is not provided, it is generally assumed that salaries for Financial Managers across the nation, and likely within Lake Charles, have experienced consistent growth over the past four years. This trend is driven by increasing complexity in financial regulations, evolving business strategies, and the persistent need for skilled financial oversight in a dynamic economic landscape.
Financial Managers Salary Distribution in Lake Charles, LA
The salary range for Financial Managers in Lake Charles, LA, typically widens significantly with experience. Entry-level positions may start at a lower percentile, while senior-level roles, commanding greater responsibility and strategic input, can reach the higher percentiles. These percentile gaps are a clear indicator of career progression and the increasing value placed on seasoned financial expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,280 | $37.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $104,430 | $50.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,640 | $61.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $174,050 | $83.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $227,050 | $109.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$139,240
Gross Pay
Real Wage (Purchasing Power)
$139,240
Adjusted for COL (100)
The average annual salary of $139,240 for Financial Managers in Lake Charles, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal income earned by these professionals holds its purchasing power at the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
2.246
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Lake Charles, LA has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.42 for Financial Managers in Lake Charles, LA, signifies that the concentration of these roles is less than half of the national average. This suggests that the job market is not as saturated as in many other metropolitan areas, potentially offering more opportunities for skilled professionals to establish themselves. However, it also implies that the demand might be more specialized or tied to specific local industries.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Beaumont-Port Arthur, TX Financial Managers Salary | $150,690↑ 8% | 56 mi |
| Lafayette, LA Financial Managers Salary | $120,130↓ 14% | 70 mi |
| Alexandria, LA Financial Managers Salary | $118,610↓ 15% | 87 mi |
Comparing salaries near Lake Charles, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Lake Charles, LA?
The median annual salary for a Financial Managers in Lake Charles, LA is $139,240. This typically ranges from $77,280 for entry-level positions to $227,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lake Charles, LA is 24.5% lower than the national median of $184,480.
Is Lake Charles, LA a lucrative place for Financial Managers?
No, not compared to the national average.While Financial Managers in Lake Charles earn a solid $139,240, this is significantly lower than the national average of $184,480. However, the cost of living is also at the national average, meaning the salary's purchasing power is standard.
Is Lake Charles, LA a good place to live for Financial Managers?
The Cost of Living Index in Lake Charles, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lake Charles, LA?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($150,690) and Lafayette, LA.
How does the local salary compare to the national average?
Financial Managers in Lake Charles, LA, earn an average of $139,240 annually, which is approximately 25% less than the national average of $184,480.
What is the cost of living in Lake Charles, LA for Financial Managers?
The cost of living in Lake Charles, LA, is exactly at the national average, indicated by an index of 100. This means that the purchasing power of the local salary is comparable to the national standard.
How concentrated is the Financial Manager job market in Lake Charles, LA?
The job market for Financial Managers in Lake Charles is less concentrated than the national average, with a Location Quotient of 0.42. This suggests fewer professionals in this role relative to the national proportion.
What is the total number of Financial Managers in Lake Charles, LA?
There are approximately 230 Financial Managers working in Lake Charles, Louisiana, contributing to the local economic infrastructure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Lake Charles, LA area with a job density of 2.246 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 Lake Charles, LA