Average Financial Managers Salary in Louisville/Jefferson County, KY-IN
Financial Managers in Louisville/Jefferson County, KY-IN earn an average annual salary of $147,750. This figure is notably below the national average of $184,480, suggesting that local market dynamics and industry-specific demand play a significant role in compensation within this region. Factors such as the concentration of specific industries or the overall economic landscape of Louisville likely influence this pay scale.
Executive Summary
- Average Salary: $147,750 per year.
- Growth Trend: Salaries have shifted 21.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $231,300.
- Outlook: The Louisville/Jefferson County area supports a local workforce of 2,360 Financial Managers, with 3.438 jobs per 1,000 workers. The Location Quotient of 0.65 indicates a lower concentration of these roles compared to the national average. While the absolute number of professionals is substantial, the below-average concentration suggests a potentially less saturated, but perhaps also less specialized, market for financial management talent.
Salary Overview
The average Financial Managers in Louisville/Jefferson County, KY-IN earns-19.9%below the national average.
$71
$2,841
$12,313
Financial Managers Salary Trends (2020-2024)
While specific historical data for Louisville is not provided, it is generally observed that salaries for Financial Managers across the nation have experienced consistent growth over the past four years, driven by increasing financial complexity and the demand for strategic financial planning. It is reasonable to assume that Louisville's market has mirrored this trend to some extent, with incremental salary increases reflecting broader economic conditions and evolving industry needs.
Financial Managers Salary Distribution in Louisville/Jefferson County, KY-IN
Salary progression for Financial Managers in Louisville/Jefferson County, KY-IN typically scales significantly with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, often exceeding $180,000. The widening gap between entry-level and senior roles signifies clear career progression pathways and the increasing value placed on expertise and leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $80,320 | $38.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,813 | $53.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $132,750 | $63.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $184,688 | $88.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $231,300 | $111.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$147,750
Gross Pay
Real Wage (Purchasing Power)
$147,750
Adjusted for COL (100)
The average annual salary of $147,750 in Louisville/Jefferson County, KY-IN 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 this region is equivalent to the national average. While the nominal salary is lower than the national average, the stable cost of living suggests that the take-home pay offers a comparable standard of living to other major metropolitan areas.
Job Market Context
2,360
Total Jobs
3.438
Per 1K Jobs
0.65
Location Quotient
Louisville/Jefferson County, KY-IN has 0.65x 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.
With a Location Quotient of 0.65, Louisville/Jefferson County, KY-IN has a lower concentration of Financial Managers relative to the national average. This suggests that the job market may be less competitive than in areas with a higher concentration, potentially offering more opportunities for skilled professionals to find employment. However, it also implies that the demand for these roles might be more niche or tied to specific local industries.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Elizabethtown, KY Financial Managers Salary | $134,230↓ 9% | 39 mi |
| Columbus, IN Financial Managers Salary | $150,120↑ 2% | 67 mi |
| Central Kentucky nonmetropolitan area Financial Managers Salary | $109,010↓ 26% | 72 mi |
| South Central Kentucky nonmetropolitan area Financial Managers Salary | $121,280↓ 18% | 72 mi |
| West Kentucky nonmetropolitan area Financial Managers Salary | $113,530↓ 23% | 72 mi |
Comparing salaries near Louisville/Jefferson County, KY-IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Louisville/Jefferson County, KY-IN?
The median annual salary for a Financial Managers in Louisville/Jefferson County, KY-IN is $147,750. This typically ranges from $80,320 for entry-level positions to $231,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Louisville/Jefferson County, KY-IN is 19.9% lower than the national median of $184,480.
Is Louisville/Jefferson County, KY-IN a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $147,750 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 comparable.
Is Louisville/Jefferson County, KY-IN a good place to live for Financial Managers?
The Cost of Living Index in Louisville/Jefferson County, KY-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Louisville/Jefferson County, KY-IN?
Some top paying nearby cities include Elizabethtown, KY ($134,230) and Columbus, IN.
What is the average salary for a Financial Manager in Louisville/Jefferson County, KY-IN?
The average annual salary for a Financial Manager in Louisville/Jefferson County, KY-IN is $147,750.
How does Louisville's Financial Manager salary compare to the national average?
The average salary in Louisville ($147,750) is lower than the national average ($184,480).
What is the cost of living in Louisville/Jefferson County, KY-IN?
The cost of living in Louisville/Jefferson County, KY-IN is at the national average, indexed at 100.
Is the job market for Financial Managers concentrated in Louisville/Jefferson County, KY-IN?
No, the Location Quotient of 0.65 indicates a lower concentration of Financial Managers compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,360 employees in the Louisville/Jefferson County, KY-IN area with a job density of 3.438 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 Louisville/Jefferson County, KY-IN