Average Financial Managers Salary in Lower West Mississippi nonmetropolitan area
Financial Managers in the Lower West Mississippi nonmetropolitan area earn an average annual salary of $103,130. This figure is notably lower than the national average of $184,480, reflecting the unique economic landscape and demand specific to this region. Factors such as local industry concentration and the overall economic activity within this nonmetropolitan area contribute to this salary differential.
Executive Summary
- Average Salary: $103,130 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,760.
- Outlook: The job market for Financial Managers in the Lower West Mississippi nonmetropolitan area appears stable, with a total local workforce of 240 individuals in this role. The Location Quotient of 0.55 suggests a lower concentration of these professionals compared to the national average, indicating a potentially less saturated but also less robust demand for specialized financial management talent within this specific geographic area.
Salary Overview
The average Financial Managers in Lower West Mississippi nonmetropolitan area earns-44.1%below the national average.
$49.6
$1,983
$8,594
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation and increasing demand for financial expertise. This trend likely extends to the Lower West Mississippi region, albeit potentially at a different pace influenced by local economic conditions.
Financial Managers Salary Distribution in Lower West Mississippi nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,530 | $24.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,348 | $37.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,440 | $41.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $128,913 | $62 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $165,760 | $79.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$103,130
Gross Pay
Real Wage (Purchasing Power)
$103,130
Adjusted for COL (100)
With a Cost of Living Index of 100, the Lower West Mississippi nonmetropolitan area is perfectly aligned with the national average. This means the nominal salary of $103,130 offers purchasing power equivalent to the national average, making it a neutral factor in terms of affordability when considering a move or local living expenses.
Job Market Context
240
Total Jobs
2.937
Per 1K Jobs
0.55
Location Quotient
Lower West Mississippi nonmetropolitan area has 0.55x 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 0.55 indicates that Financial Managers are less concentrated in the Lower West Mississippi nonmetropolitan area than the national average. This suggests that while the demand might not be as high as in major metropolitan hubs, there could be fewer professionals competing for available roles, potentially offering a unique balance of opportunity and competition for those in the field.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Financial Managers Salary | $132,100↑ 28% | 43 mi |
Comparing salaries near Lower West Mississippi nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Lower West Mississippi nonmetropolitan area?
The median annual salary for a Financial Managers in Lower West Mississippi nonmetropolitan area is $103,130. This typically ranges from $51,530 for entry-level positions to $165,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lower West Mississippi nonmetropolitan area is 44.1% lower than the national median of $184,480.
Is Lower West Mississippi nonmetropolitan area a lucrative place for Financial Managers?
No, it is not considered lucrative compared to national standards.The average salary of $103,130 is significantly below the national average of $184,480, indicating lower earning potential in this region.
Is Lower West Mississippi nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Lower West Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lower West Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($132,100) and others.
How does the number of Financial Managers in Lower West Mississippi compare to the national average?
With 2.937 jobs per 1,000 workers, the concentration of Financial Managers in Lower West Mississippi is below the national average, as indicated by the Location Quotient of 0.55.
What is the total number of Financial Managers in this area?
The Lower West Mississippi nonmetropolitan area has a total local workforce of 240 Financial Managers.
Does the cost of living affect the value of a Financial Manager's salary in this area?
No, the Cost of Living Index is 100, which is the national average. Therefore, the $103,130 salary has purchasing power equivalent to the national average.
Are there many Financial Manager job opportunities in Lower West Mississippi?
The lower Location Quotient suggests a less concentrated market, implying potentially fewer but possibly less competitive opportunities compared to areas with higher concentrations.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Lower West Mississippi nonmetropolitan area area with a job density of 2.937 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 Lower West Mississippi nonmetropolitan area