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Average Financial Managers Salary in Lubbock, TX

Financial Managers in Lubbock, TX, earn an average annual salary of $143,080. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in Lubbock influence compensation levels for this critical role.

Executive Summary

  • Average Salary: $143,080 per year.
  • Growth Trend: Salaries have shifted 5.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $229,210.
  • Outlook: With a local workforce of 490 Financial Managers, Lubbock presents a moderate employment landscape for this profession. The location quotient of 0.56 indicates that the concentration of these roles is below the national average, suggesting that while opportunities exist, the market is not as saturated as in other regions, potentially offering stability for dedicated professionals.
2024 Market Data

Salary Overview

$143,080

The average Financial Managers in Lubbock, TX earns-22.4%below the national average.

BreakdownBased on 40h/week
Hourly

$68.8

Weekly

$2,752

Monthly

$11,923

Financial Managers Salary Distribution in Lubbock, TX

Salary progression for Financial Managers in Lubbock, as elsewhere, is significantly tied to experience and demonstrated expertise. Entry-level positions typically command lower salaries, while senior roles, requiring extensive experience, strategic oversight, and leadership capabilities, can command substantially higher compensation. The widening salary gap between junior and senior positions reflects the increasing value placed on seasoned professionals who can navigate complex financial landscapes and drive organizational success.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$74,720$35.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$107,310$51.6
ManagerOversees team, compliance, and project delivery.50% (Median)$129,870$62.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$178,850$86
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$229,210$110.2

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$143,080

Gross Pay

Real Wage (Purchasing Power)

$143,080

Adjusted for COL (100)

The average nominal salary of $143,080 in Lubbock, TX, 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 Lubbock is equivalent to the national average, offering a stable financial footing without the premium often associated with higher cost-of-living areas.

Job Market Context

490

Total Jobs

2.957

Per 1K Jobs

0.56

Location Quotient

Below Average

Lubbock, TX has 0.56x 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 0.56 signifies that Financial Managers are less concentrated in Lubbock compared to the national average. This suggests a less competitive market with fewer professionals relative to the overall workforce. While this might imply fewer job openings than in highly concentrated areas, it also indicates a potentially underserved market where skilled individuals could find a strong foothold.

Nearby Job Markets

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Lubbock, TX?

The median annual salary for a Financial Managers in Lubbock, TX is $143,080. This typically ranges from $74,720 for entry-level positions to $229,210 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Lubbock, TX is 22.4% lower than the national median of $184,480.

Is Lubbock, TX a lucrative place for Financial Managers?

No, not compared to the national average.Financial Managers in Lubbock earn $143,080, which 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 comparable.

Is Lubbock, TX a good place to live for Financial Managers?

The Cost of Living Index in Lubbock, TX is 100. While higher than average, this often correlates with higher wages.

How does Lubbock's Financial Manager salary compare to the national average?

The average salary for Financial Managers in Lubbock, TX is $143,080, which is considerably lower than the national average of $184,480.

What is the concentration of Financial Managers in Lubbock?

Lubbock has a location quotient of 0.56 for Financial Managers, indicating a lower concentration compared to the national average.

How does the cost of living in Lubbock affect salary perception?

With a cost of living index of 100, Lubbock is at the national average. This means the $143,080 salary has the same purchasing power as the national average salary.

What does the job market look like for Financial Managers in Lubbock?

The market is less concentrated than the national average, with 490 Financial Managers in the local workforce, suggesting a potentially less competitive environment for job seekers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 490 employees in the Lubbock, TX area with a job density of 2.957 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Lubbock, TX