Average Financial Managers Salary in Monroe, LA
Financial Managers in Monroe, LA, earn an average annual salary of $119,170. This figure is notably lower than the national average of $184,480, reflecting the localized economic conditions and demand specific to the Monroe area. Factors such as the regional industry mix and the overall cost of doing business significantly influence compensation levels for finance professionals in this Louisiana city.
Executive Summary
- Average Salary: $119,170 per year.
- Growth Trend: Salaries have shifted 15.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,680.
- Outlook: The Financial Manager job market in Monroe, LA, features a total local workforce of 260 professionals. With a Location Quotient of 0.56, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to larger metropolitan areas. The presence of nearly 3 Financial Manager jobs per 1,000 workers indicates a steady, albeit moderate, employment landscape for this profession within the region.
Salary Overview
The average Financial Managers in Monroe, LA earns-35.4%below the national average.
$57.3
$2,292
$9,931
Financial Managers Salary Trends (2020-2024)
While specific historical data for Monroe, LA, is not provided, it's reasonable to assume that Financial Manager salaries have experienced growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for sophisticated financial planning and analysis are likely drivers that have pushed compensation upwards, even in smaller markets. This general upward trajectory suggests a positive outlook for salary progression for experienced professionals.
Financial Managers Salary Distribution in Monroe, LA
Salary progression for Financial Managers in Monroe, LA, typically scales significantly with experience. Entry-level positions will command lower salaries, likely in the lower percentiles, while senior roles with extensive experience and specialized skills will reach into the higher salary brackets. The percentile gaps between different experience levels signify clear career progression pathways, rewarding accumulated expertise and leadership capabilities within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,040 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $89,378 | $43 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $115,190 | $55.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $148,963 | $71.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $177,680 | $85.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$119,170
Gross Pay
Real Wage (Purchasing Power)
$119,170
Adjusted for COL (100)
The nominal average salary of $119,170 for Financial Managers in Monroe, LA, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of a Financial Manager's salary in Monroe is effectively aligned with the national standard. While the salary is lower than the national average for the role, the equivalent cost of living suggests that the take-home pay offers a comparable lifestyle to that experienced in many other parts of the country.
Job Market Context
260
Total Jobs
2.963
Per 1K Jobs
0.56
Location Quotient
Monroe, LA 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 for Financial Managers in Monroe, LA, indicates that the concentration of these professionals is less than half of the national average. This suggests that the job market is not as saturated as in larger economic hubs, potentially offering opportunities for skilled individuals. However, it also implies that the demand might be more specialized or limited, making it a moderately competitive market where employers may have a wider pool of candidates relative to the number of available positions.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Financial Managers Salary | $118,610↓ 0% | 88 mi |
| Southwest Louisiana nonmetropolitan area Financial Managers Salary | $134,070↑ 13% | 94 mi |
| Central Louisiana nonmetropolitan area Financial Managers Salary | $114,870↓ 4% | 94 mi |
| Northeast Louisiana nonmetropolitan area Financial Managers Salary | $120,020↑ 1% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Monroe, LA?
The median annual salary for a Financial Managers in Monroe, LA is $119,170. This typically ranges from $61,040 for entry-level positions to $177,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 35.4% lower than the national median of $184,480.
Is Monroe, LA a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $119,170 is substantial, it falls significantly short of the national average for Financial Managers. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Monroe, LA a good place to live for Financial Managers?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($118,610) and Southwest Louisiana nonmetropolitan area.
How does Monroe, LA compare to the national average salary for Financial Managers?
Financial Managers in Monroe, LA, earn an average of $119,170 annually, which is considerably lower than the national average of $184,480.
What is the cost of living in Monroe, LA for Financial Managers?
The cost of living in Monroe, LA, is exactly at the national average (100), meaning the $119,170 salary offers standard purchasing power.
How concentrated is the Financial Manager job market in Monroe, LA?
The job market for Financial Managers in Monroe, LA, is less concentrated than the national average, with a Location Quotient of 0.56.
What is the total number of Financial Managers in Monroe, LA?
There are approximately 260 Financial Managers employed in Monroe, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Monroe, LA area with a job density of 2.963 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Monroe, LA
- All Occupations Salary in Monroe, LA
- Office and Administrative Support Occupations Salary in Monroe, LA
- Sales and Related Occupations Salary in Monroe, LA
- Food Preparation and Serving Related Occupations Salary in Monroe, LA
- Transportation and Material Moving Occupations Salary in Monroe, LA
- Healthcare Practitioners and Technical Occupations Salary in Monroe, LA
- Healthcare Support Occupations Salary in Monroe, LA
- Educational Instruction and Library Occupations Salary in Monroe, LA
- Management Occupations Salary in Monroe, LA
- Production Occupations Salary in Monroe, LA
- Browse All Jobs in Monroe, LA →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Monroe, LA