Average Financial Managers Salary in Lakeland-Winter Haven, FL
Financial Managers in Lakeland-Winter Haven, FL, earn an average annual salary of $152,690. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, or specific economic factors within the region influence compensation levels for this critical role.
Executive Summary
- Average Salary: $152,690 per year.
- Growth Trend: Salaries have shifted 39.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,035.
- Outlook: With a local workforce of 1,040 Financial Managers and a Location Quotient of 0.75, the job market in Lakeland-Winter Haven, FL, indicates a slightly lower concentration compared to the national average. While the absolute number of professionals suggests a stable presence, the concentration quotient implies that the demand or supply dynamics may differ from broader national trends, presenting a nuanced picture for job seekers and employers.
Salary Overview
The average Financial Managers in Lakeland-Winter Haven, FL earns-17.2%below the national average.
$73.4
$2,936
$12,724
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the United States, including in regions like Lakeland-Winter Haven, FL, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets, leading to higher compensation packages.
Financial Managers Salary Distribution in Lakeland-Winter Haven, FL
The salary trajectory for Financial Managers in Lakeland-Winter Haven, FL, significantly scales with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and strategic oversight, can reach substantially higher figures, often exceeding the average. The percentile gaps between these levels clearly signify robust career progression opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,950 | $31.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,518 | $55.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,560 | $62.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $190,863 | $91.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,035 | $110.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$152,690
Gross Pay
Real Wage (Purchasing Power)
$152,690
Adjusted for COL (100)
The average annual salary of $152,690 in Lakeland-Winter Haven, FL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in this area is equivalent to the national standard, offering a balanced financial environment for professionals considering a move.
Job Market Context
1,040
Total Jobs
3.976
Per 1K Jobs
0.75
Location Quotient
Lakeland-Winter Haven, FL 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.
A Location Quotient of 0.75 for Financial Managers in Lakeland-Winter Haven, FL, suggests that this profession is slightly less concentrated than the national average. This could indicate a market that is not oversaturated, potentially offering good opportunities for skilled professionals, but also implying that the specialized demand might be somewhat lower compared to more prominent financial hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| North Florida nonmetropolitan area Financial Managers Salary | $123,560↓ 19% | 26 mi |
| South Florida nonmetropolitan area Financial Managers Salary | $144,220↓ 6% | 26 mi |
| Tampa-St. Petersburg-Clearwater, FL Financial Managers Salary | $168,620↑ 10% | 32 mi |
| Orlando-Kissimmee-Sanford, FL Financial Managers Salary | $162,470↑ 6% | 48 mi |
| Wildwood-The Villages, FL Financial Managers Salary | $151,300↓ 1% | 50 mi |
Comparing salaries near Lakeland-Winter Haven, FL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Lakeland-Winter Haven, FL?
The median annual salary for a Financial Managers in Lakeland-Winter Haven, FL is $152,690. This typically ranges from $64,950 for entry-level positions to $229,035 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lakeland-Winter Haven, FL is 17.2% lower than the national median of $184,480.
Is Lakeland-Winter Haven, FL a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $152,690 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Lakeland-Winter Haven, FL a good place to live for Financial Managers?
The Cost of Living Index in Lakeland-Winter Haven, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lakeland-Winter Haven, FL?
Some top paying nearby cities include North Florida nonmetropolitan area ($123,560) and South Florida nonmetropolitan area.
What is the average salary for a Financial Manager in Lakeland-Winter Haven, FL?
The average annual salary for a Financial Manager in Lakeland-Winter Haven, FL is $152,690.
How does the Lakeland-Winter Haven, FL salary compare to the national average?
The average salary in Lakeland-Winter Haven, FL ($152,690) is lower than the national average ($184,480).
What is the cost of living in Lakeland-Winter Haven, FL?
The Cost of Living Index in Lakeland-Winter Haven, FL is 100, which is exactly the national average.
Is there high demand for Financial Managers in Lakeland-Winter Haven, FL?
The Location Quotient of 0.75 suggests a slightly lower concentration of Financial Managers compared to the national average, indicating a potentially stable but not exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,040 employees in the Lakeland-Winter Haven, FL area with a job density of 3.976 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 Lakeland-Winter Haven, FL