Average Financial Managers Salary in McAllen-Edinburg-Mission, TX
Financial Managers in McAllen-Edinburg-Mission, TX earn an average annual salary of $132,700. This figure is notably below the national average of $184,480, reflecting regional economic factors and industry demand specific to the South Texas area. The localized pay scale is a direct consequence of the specific economic landscape and the concentration of financial management roles within the region.
Executive Summary
- Average Salary: $132,700 per year.
- Growth Trend: Salaries have shifted 31.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $212,380.
- Outlook: The McAllen-Edinburg-Mission, TX area supports a local workforce of 580 Financial Managers. With a Location Quotient of 0.38, the concentration of these roles is below the national average, suggesting a less saturated but potentially developing market. The presence of 2.003 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for financial expertise within the local economy.
Salary Overview
The average Financial Managers in McAllen-Edinburg-Mission, TX earns-28.1%below the national average.
$63.8
$2,552
$11,058
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across the nation, including in McAllen-Edinburg-Mission, TX, have experienced consistent growth over the past four years. This upward trend is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial regulations and markets.
Financial Managers Salary Distribution in McAllen-Edinburg-Mission, TX
Salary progression for Financial Managers in McAllen-Edinburg-Mission, TX, like elsewhere, is significantly influenced by experience. Entry-level positions will command lower salaries, while senior roles with extensive experience and proven track records will reach higher compensation levels. The percentile gaps between different experience tiers signify clear opportunities for career advancement 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) | $62,560 | $30.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,525 | $47.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,760 | $59.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,875 | $79.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $212,380 | $102.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$132,700
Gross Pay
Real Wage (Purchasing Power)
$132,700
Adjusted for COL (100)
The average nominal salary of $132,700 for Financial Managers in McAllen-Edinburg-Mission, TX, aligns precisely with the national average cost of living index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the area.
Job Market Context
580
Total Jobs
2.003
Per 1K Jobs
0.38
Location Quotient
At 0.38x, McAllen-Edinburg-Mission, TX has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.38 indicates that Financial Manager roles are less concentrated in McAllen-Edinburg-Mission, TX, compared to the national average. This suggests that the job market may be less competitive for highly specialized roles, potentially offering opportunities for skilled professionals to establish themselves, though the overall volume of positions is lower than in more concentrated national hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Brownsville-Harlingen, TX Financial Managers Salary | $131,390↓ 1% | 51 mi |
Comparing salaries near McAllen-Edinburg-Mission, TX
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in McAllen-Edinburg-Mission, TX?
The median annual salary for a Financial Managers in McAllen-Edinburg-Mission, TX is $132,700. This typically ranges from $62,560 for entry-level positions to $212,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in McAllen-Edinburg-Mission, TX is 28.1% lower than the national median of $184,480.
Is McAllen-Edinburg-Mission, TX a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $132,700 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is at the national average, making the nominal salary's purchasing power comparable.
Is McAllen-Edinburg-Mission, TX a good place to live for Financial Managers?
The Cost of Living Index in McAllen-Edinburg-Mission, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near McAllen-Edinburg-Mission, TX?
Some top paying nearby cities include Brownsville-Harlingen, TX ($131,390) and others.
How does the McAllen Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in McAllen-Edinburg-Mission, TX is $132,700, which is considerably lower than the national average of $184,480.
What is the cost of living in McAllen-Edinburg-Mission, TX for Financial Managers?
The cost of living index in McAllen-Edinburg-Mission, TX is 100, which is exactly at the national average, meaning your salary's purchasing power is standard.
How concentrated are Financial Manager jobs in McAllen-Edinburg-Mission, TX?
The concentration of Financial Manager jobs, indicated by a Location Quotient of 0.38, is below the national average, suggesting fewer specialized roles relative to the national distribution.
What is the total number of Financial Managers in the McAllen-Edinburg-Mission, TX area?
There are approximately 580 Financial Managers employed within the McAllen-Edinburg-Mission, TX metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the McAllen-Edinburg-Mission, TX area with a job density of 2.003 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 McAllen-Edinburg-Mission, TX