Average Financial Managers Salary in Little Rock-North Little Rock-Conway, AR
Financial Managers in the Little Rock-North Little Rock-Conway, AR area earn an average annual salary of $126,170. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry concentrations play a significant role in compensation levels within this region. The specific economic landscape of Little Rock influences the demand and pay scale for these critical financial roles.
Executive Summary
- Average Salary: $126,170 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,300.
- Outlook: With a local workforce of 2,170 Financial Managers and a Location Quotient of 1.16, the Little Rock-North Little Rock-Conway, AR metropolitan area demonstrates a slightly higher concentration of these professionals than the national average. This indicates a stable, albeit not overwhelmingly robust, demand for financial management expertise within the region, suggesting a healthy job market for experienced individuals.
Salary Overview
The average Financial Managers in Little Rock-North Little Rock-Conway, AR earns-31.6%below the national average.
$60.7
$2,426
$10,514
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Financial Manager salaries in Little Rock-North Little Rock-Conway, AR have experienced steady growth over the past four years, mirroring national trends. Economic expansion, evolving industry needs, and inflation typically drive incremental increases in compensation for specialized roles like financial management.
Financial Managers Salary Distribution in Little Rock-North Little Rock-Conway, AR
Salary progression for Financial Managers in Little Rock-North Little Rock-Conway, AR, like elsewhere, is strongly tied to experience and responsibility. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, such as Chief Financial Officers or Directors of Finance, can significantly exceed the average. The percentile gaps in salary distribution highlight the substantial earning potential available through career advancement and specialization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,620 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,628 | $45.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $100,500 | $48.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $157,713 | $75.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,300 | $99.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$126,170
Gross Pay
Real Wage (Purchasing Power)
$126,170
Adjusted for COL (100)
The average annual salary of $126,170 for Financial Managers in Little Rock-North Little Rock-Conway, AR aligns precisely 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, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
2,170
Total Jobs
6.151
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Little Rock-North Little Rock-Conway, AR has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
A Location Quotient of 1.16 signifies that Financial Managers are 16% more concentrated in the Little Rock-North Little Rock-Conway, AR area compared to the national average. This suggests a slightly more competitive market for these professionals, but also indicates a strong presence and established need for their skills within the local economy, potentially offering more specialized opportunities.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| South Arkansas nonmetropolitan area Financial Managers Salary | $106,790↓ 15% | 17 mi |
| North Arkansas nonmetropolitan area Financial Managers Salary | $106,450↓ 16% | 17 mi |
| West Arkansas nonmetropolitan area Financial Managers Salary | $104,860↓ 17% | 17 mi |
| East Arkansas nonmetropolitan area Financial Managers Salary | $114,390↓ 9% | 17 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↓ 17% | 43 mi |
Comparing salaries near Little Rock-North Little Rock-Conway, AR
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Frequently Asked Questions
How much does a Financial Managers make in Little Rock-North Little Rock-Conway, AR?
The median annual salary for a Financial Managers in Little Rock-North Little Rock-Conway, AR is $126,170. This typically ranges from $58,620 for entry-level positions to $206,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Little Rock-North Little Rock-Conway, AR is 31.6% lower than the national median of $184,480.
Is Little Rock-North Little Rock-Conway, AR a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $126,170 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary offers equivalent purchasing power locally.
Is Little Rock-North Little Rock-Conway, AR a good place to live for Financial Managers?
The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?
Some top paying nearby cities include South Arkansas nonmetropolitan area ($106,790) and North Arkansas nonmetropolitan area.
How does the number of Financial Managers in Little Rock compare nationally?
There are 2,170 Financial Managers in the Little Rock-North Little Rock-Conway, AR area, which represents 6.151 jobs per 1,000 workers, indicating a solid presence in the local job market.
What is the cost of living for Financial Managers in Little Rock?
The cost of living in Little Rock-North Little Rock-Conway, AR is exactly at the national average (index of 100), meaning expenses for housing, goods, and services are comparable to the rest of the country.
Are there many job opportunities for Financial Managers in Little Rock?
With a Location Quotient of 1.16, the concentration of Financial Managers is slightly above the national average, suggesting a healthy demand and a stable job market for these professionals in the area.
How does experience affect a Financial Manager's salary in Little Rock?
Experience significantly impacts salary, with entry-level roles earning less than the average and senior positions commanding substantially higher compensation, reflecting increased responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,170 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 6.151 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 Little Rock-North Little Rock-Conway, AR