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Average Financial Managers Salary in Mobile, AL

Financial Managers in Mobile, AL, earn an average annual salary of $136,510. This figure is notably below the national average of $184,480, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the state. The specific economic landscape of Mobile dictates this pay scale for finance professionals.

Executive Summary

  • Average Salary: $136,510 per year.
  • Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $208,240.
  • Outlook: The job market for Financial Managers in Mobile, AL, shows a moderate presence with a total local workforce of 540 individuals. The Location Quotient of 0.6 indicates that this profession is less concentrated in Mobile compared to the national average, suggesting a stable but not exceptionally high demand for these specialized roles within the local economy.
2024 Market Data

Salary Overview

$136,510

The average Financial Managers in Mobile, AL earns-26.0%below the national average.

BreakdownBased on 40h/week
Hourly

$65.6

Weekly

$2,625

Monthly

$11,376

Financial Managers Salary Distribution in Mobile, AL

Salary progression for Financial Managers in Mobile, AL, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles with extensive experience and proven track records command significantly higher compensation. The percentile gaps in salary distribution highlight the substantial career growth and earning potential as professionals advance.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$76,240$36.7
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$102,383$49.2
ManagerOversees team, compliance, and project delivery.50% (Median)$126,500$60.8
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$170,638$82
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$208,240$100.1

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$136,510

Gross Pay

Real Wage (Purchasing Power)

$136,510

Adjusted for COL (100)

The average annual salary of $136,510 for Financial Managers in Mobile, AL, aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in Mobile is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.

Job Market Context

540

Total Jobs

3.178

Per 1K Jobs

0.6

Location Quotient

Below Average

Mobile, AL has 0.60x 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 0.6, the market for Financial Managers in Mobile, AL, is less concentrated than the national average. This suggests that while opportunities exist, the field is not oversaturated, potentially offering a competitive environment for skilled professionals seeking roles. The lower concentration implies a steady demand that may not be met by an abundance of local talent.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Daphne-Fairhope-Foley, AL Financial Managers Salary$142,110↑ 4%14 mi
Pensacola-Ferry Pass-Brent, FL Financial Managers Salary$136,820↑ 0%57 mi
Gulfport-Biloxi, MS Financial Managers Salary$121,080↓ 11%59 mi
Hattiesburg, MS Financial Managers Salary$124,250↓ 9%83 mi
Crestview-Fort Walton Beach-Destin, FL Financial Managers Salary$148,580↑ 9%91 mi

Comparing salaries near Mobile, AL

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Mobile, AL?

The median annual salary for a Financial Managers in Mobile, AL is $136,510. This typically ranges from $76,240 for entry-level positions to $208,240 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Mobile, AL is 26.0% lower than the national median of $184,480.

Is Mobile, AL a lucrative place for Financial Managers?

No, not as lucrative as the national average.While Financial Managers in Mobile, AL, earn a respectable $136,510, this is significantly lower than the national average of $184,480. The local cost of living being at the national average means the lower salary translates to less disposable income compared to national benchmarks.

Is Mobile, AL a good place to live for Financial Managers?

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

Where are the highest paying cities near Mobile, AL?

Some top paying nearby cities include Daphne-Fairhope-Foley, AL ($142,110) and Pensacola-Ferry Pass-Brent, FL.

What is the average salary for a Financial Manager in Mobile, AL?

The average annual salary for a Financial Manager in Mobile, AL, is $136,510.

How does the Mobile, AL salary compare to the national average?

The average salary in Mobile, AL ($136,510) is considerably lower than the national average of $184,480 for Financial Managers.

What is the Cost of Living in Mobile, AL?

Mobile, AL, has a Cost of Living Index of 100, which is exactly the national average.

How concentrated is the Financial Manager job market in Mobile, AL?

The Financial Manager job market in Mobile, AL, is less concentrated than the national average, with a Location Quotient of 0.6.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the Mobile, AL area with a job density of 3.178 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 Mobile, AL