Average Financial Managers Salary in North Arkansas nonmetropolitan area
Financial Managers in the North Arkansas nonmetropolitan area earn an average annual salary of $106,450. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and a potentially different demand structure for financial expertise in this specific locale.
Executive Summary
- Average Salary: $106,450 per year.
- Growth Trend: Salaries have shifted 27.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,650.
- Outlook: With a local workforce of 530 Financial Managers, the job market in North Arkansas is moderately sized. The Location Quotient of 0.83 suggests a concentration slightly below the national average, indicating that while the profession is present, it is not as densely populated as in other regions, implying a stable but not rapidly expanding demand.
Salary Overview
The average Financial Managers in North Arkansas nonmetropolitan area earns-42.3%below the national average.
$51.2
$2,047
$8,871
Financial Managers Salary Trends (2020-2024)
While specific historical data for North Arkansas is not provided, it is reasonable to assume that salaries for Financial Managers in this region have experienced growth over the past four years, mirroring national trends. Economic development and increased business activity in nonmetropolitan areas often correlate with upward salary adjustments for specialized roles.
Financial Managers Salary Distribution in North Arkansas nonmetropolitan area
Salary progression for Financial Managers typically scales with experience. Entry-level positions will command salaries at the lower end of the spectrum, while senior roles with extensive experience and proven track records can significantly exceed the average. The percentile gaps in salary distribution highlight the substantial earning potential for seasoned professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,140 | $23.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,838 | $38.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $88,160 | $42.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $133,063 | $64 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,650 | $81.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$106,450
Gross Pay
Real Wage (Purchasing Power)
$106,450
Adjusted for COL (100)
The average annual salary of $106,450 in North Arkansas aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Financial Manager's salary in this region is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
530
Total Jobs
4.421
Per 1K Jobs
0.83
Location Quotient
North Arkansas nonmetropolitan area 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 indicates that Financial Managers are slightly less concentrated in North Arkansas compared to the national average. This suggests a market that is neither oversaturated nor critically undersupplied, presenting a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Financial Managers Salary | $126,170↑ 19% | 17 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↓ 1% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in North Arkansas nonmetropolitan area?
The median annual salary for a Financial Managers in North Arkansas nonmetropolitan area is $106,450. This typically ranges from $49,140 for entry-level positions to $169,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 42.3% lower than the national median of $184,480.
Is North Arkansas nonmetropolitan area a lucrative place for Financial Managerss?
No, not compared to the national average.While the average salary of $106,450 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is North Arkansas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($126,170) and Hot Springs, AR.
How many Financial Managers work in North Arkansas?
There are approximately 530 Financial Managers employed in the North Arkansas nonmetropolitan area.
What is the concentration of Financial Managers in North Arkansas?
The concentration, measured by the Location Quotient, is 0.83, which is slightly below the national average.
Does the cost of living affect the Financial Manager salary in North Arkansas?
The cost of living in North Arkansas is at the national average (100), meaning the $106,450 salary has the same relative purchasing power as the national average salary.
How does the number of Financial Managers per 1,000 workers compare nationally?
North Arkansas has 4.421 Financial Managers per 1,000 workers, which is slightly below the national average, aligning with the Location Quotient.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the North Arkansas nonmetropolitan area area with a job density of 4.421 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 North Arkansas nonmetropolitan area