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Average Financial Managers Salary in Midland, TX

Financial Managers in Midland, TX, earn an impressive average annual salary of $182,070. This figure is remarkably close to the national average of $184,480, indicating strong compensation within the region. The robust energy sector and specialized industrial landscape in Midland likely contribute to this competitive pay scale for financial leadership roles.

Executive Summary

  • Average Salary: $182,070 per year.
  • Growth Trend: Salaries have shifted 27.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $273,105.
  • Outlook: With a local workforce of 630 Financial Managers and a Location Quotient of 0.99, the job market in Midland, TX, demonstrates a healthy and stable demand for these professionals. While not significantly more concentrated than the national average, the steady presence of these roles suggests consistent opportunities and a well-established need within the local economy.
2024 Market Data

Salary Overview

$182,070

The average Financial Managers in Midland, TX earns-1.3%below the national average.

BreakdownBased on 40h/week
Hourly

$87.5

Weekly

$3,501

Monthly

$15,173

Financial Managers Salary Distribution in Midland, TX

The progression from entry-level to senior Financial Manager roles in Midland, TX, is typically marked by significant salary increases. While specific percentile data isn't available, the gap between junior and principal positions often widens considerably, reflecting the accumulation of specialized skills, strategic responsibilities, and proven leadership capabilities that command higher compensation.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$101,420$48.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$136,553$65.7
ManagerOversees team, compliance, and project delivery.50% (Median)$164,350$79
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$227,588$109.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$273,105$131.3

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$182,070

Gross Pay

Real Wage (Purchasing Power)

$182,070

Adjusted for COL (100)

The nominal salary of $182,070 in Midland, TX, offers excellent purchasing power, as the local Cost of Living Index stands precisely at the national average of 100. This means that the average income for Financial Managers in Midland provides a lifestyle equivalent to the national standard, without the added financial strain of a higher cost of living.

Job Market Context

630

Total Jobs

5.28

Per 1K Jobs

0.99

Location Quotient

Below Average

Midland, TX has 0.99x 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 0.99 for Financial Managers in Midland, TX, indicates that the concentration of these roles is nearly identical to the national average. This suggests a balanced job market where demand is consistent with national patterns, offering a stable environment for both job seekers and employers without extreme oversupply or undersupply.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Odessa, TX Financial Managers Salary$161,940↓ 11%17 mi

Comparing salaries near Midland, TX

Hiring Financial Managerss?

Frequently Asked Questions

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

The median annual salary for a Financial Managers in Midland, TX is $182,070. This typically ranges from $101,420 for entry-level positions to $273,105 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Midland, TX is 1.3% lower than the national median of $184,480.

Is Midland, TX a lucrative place for Financial Managers?

Yes, Midland, TX is a lucrative place for Financial Managers.The average salary of $182,070 is very competitive with the national average, and the cost of living is on par with the national average, offering strong purchasing power.

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

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

Where are the highest paying cities near Midland, TX?

Some top paying nearby cities include Odessa, TX ($161,940) and others.

How does the Financial Manager salary in Midland compare to the national average?

The average annual salary for Financial Managers in Midland, TX is $182,070, which is very close to the national average of $184,480.

What is the Cost of Living in Midland, TX for Financial Managers?

The Cost of Living Index in Midland, TX is 100, which is exactly the national average, meaning your salary will have standard purchasing power.

How concentrated is the Financial Manager job market in Midland, TX?

The job market for Financial Managers in Midland, TX is nearly as concentrated as the national average, with a Location Quotient of 0.99, indicating a stable and balanced market.

What is the total number of Financial Managers in Midland, TX?

There are approximately 630 Financial Managers working in Midland, TX, contributing to the local economic landscape.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 630 employees in the Midland, TX area with a job density of 5.28 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 Midland, TX