Average Financial Managers Salary in New Orleans-Metairie, LA
Financial Managers in the New Orleans-Metairie, LA area earn an average annual salary of $140,420. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the cost of doing business influence compensation levels in this region.
Executive Summary
- Average Salary: $140,420 per year.
- Growth Trend: Salaries have shifted 10.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $221,530.
- Outlook: The New Orleans-Metairie area supports a local workforce of 1,940 Financial Managers. With a Location Quotient of 0.83, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand relative to other professions in the region. The presence of nearly 2,000 professionals suggests a mature market with ongoing opportunities.
Salary Overview
The average Financial Managers in New Orleans-Metairie, LA earns-23.9%below the national average.
$67.5
$2,700
$11,702
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 New Orleans-Metairie, have experienced steady growth over the past four years. This 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 New Orleans-Metairie, LA
Salary progression for Financial Managers in New Orleans-Metairie, as elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and a proven track record can earn substantially more. The widening gap between entry-level and senior-level salaries reflects the career advancement and increased responsibility associated with higher positions.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,650 | $38.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,315 | $50.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,860 | $61.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,525 | $84.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $221,530 | $106.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$140,420
Gross Pay
Real Wage (Purchasing Power)
$140,420
Adjusted for COL (100)
The average annual salary of $140,420 for Financial Managers in New Orleans-Metairie aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary in New Orleans is equivalent to the national average, offering a balanced lifestyle without significant financial strain due to living expenses.
Job Market Context
1,940
Total Jobs
4.386
Per 1K Jobs
0.83
Location Quotient
New Orleans-Metairie, LA has 0.83x 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 0.83 for Financial Managers in New Orleans-Metairie indicates that the concentration of these professionals is slightly lower than the national average. This suggests that while the market is established, it may not be as saturated as some other metropolitan areas, potentially offering a competitive environment for skilled individuals seeking employment.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Slidell-Mandeville-Covington, LA Financial Managers Salary | $140,520↑ 0% | 18 mi |
| Hammond, LA Financial Managers Salary | $129,270↓ 8% | 44 mi |
| Gulfport-Biloxi, MS Financial Managers Salary | $121,080↓ 14% | 57 mi |
| Houma-Bayou Cane-Thibodaux, LA Financial Managers Salary | $130,420↓ 7% | 58 mi |
| Baton Rouge, LA Financial Managers Salary | $132,430↓ 6% | 76 mi |
Comparing salaries near New Orleans-Metairie, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in New Orleans-Metairie, LA?
The median annual salary for a Financial Managers in New Orleans-Metairie, LA is $140,420. This typically ranges from $79,650 for entry-level positions to $221,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Orleans-Metairie, LA is 23.9% lower than the national median of $184,480.
Is New Orleans-Metairie, LA a lucrative place for Financial Managers?
No, it is less lucrative than the national average.Financial Managers in New Orleans-Metairie earn $140,420, which is below the national average of $184,480. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is New Orleans-Metairie, LA a good place to live for Financial Managers?
The Cost of Living Index in New Orleans-Metairie, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Orleans-Metairie, LA?
Some top paying nearby cities include Slidell-Mandeville-Covington, LA ($140,520) and Hammond, LA.
How does the New Orleans Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in New Orleans-Metairie is $140,420, which is lower than the national average of $184,480.
What is the cost of living in New Orleans-Metairie relative to the national average?
The cost of living index in New Orleans-Metairie is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in New Orleans-Metairie?
The job market concentration, measured by the Location Quotient, is 0.83, indicating a slightly lower concentration of Financial Managers compared to the national average.
How many Financial Managers are employed in New Orleans-Metairie?
There are approximately 1,940 Financial Managers employed in the New Orleans-Metairie area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,940 employees in the New Orleans-Metairie, LA area with a job density of 4.386 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 New Orleans-Metairie, LA