Average Financial Managers Salary in North Region of Texas nonmetropolitan area
Financial Managers in the North Region of Texas nonmetropolitan area earn an average annual salary of $137,680. This figure is notably below the national average of $184,480, reflecting the unique economic landscape and demand dynamics present in this specific region of Texas. Factors such as industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $137,680 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $233,590.
- Outlook: With a local workforce of 800 Financial Managers, the job market in the North Region of Texas nonmetropolitan area presents a moderate concentration, indicated by a Location Quotient of 0.55. While the absolute number of professionals is substantial for a nonmetropolitan area, the lower-than-average LQ suggests that this role is less concentrated here compared to national trends, implying a stable but not rapidly expanding demand.
Salary Overview
The average Financial Managers in North Region of Texas nonmetropolitan area earns-25.4%below the national average.
$66.2
$2,648
$11,473
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan region is not provided, it is generally assumed that salaries for Financial Managers across the nation, and likely within this Texas region, have experienced steady growth over the past four years. This growth is typically driven by inflation, increasing complexity in financial regulations, and the evolving demands placed upon financial leadership roles.
Financial Managers Salary Distribution in North Region of Texas nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the value of accumulated expertise and demonstrated leadership in financial management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,710 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,260 | $49.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $115,510 | $55.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,100 | $82.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $233,590 | $112.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$137,680
Gross Pay
Real Wage (Purchasing Power)
$137,680
Adjusted for COL (100)
The nominal average annual salary of $137,680 in the North Region of Texas nonmetropolitan area aligns perfectly with the national average 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, suggesting that while the salary is below the national average, the cost of living does not exacerbate this difference.
Job Market Context
800
Total Jobs
2.921
Per 1K Jobs
0.55
Location Quotient
North Region of Texas nonmetropolitan area has 0.55x 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 0.55 indicates that Financial Managers are less concentrated in the North Region of Texas nonmetropolitan area compared to the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled professionals relative to the number of available positions, though it also implies a lower overall demand compared to more heavily concentrated areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Financial Managers Salary | $148,410↑ 8% | 10 mi |
| Waco, TX Financial Managers Salary | $140,940↑ 2% | 41 mi |
| Austin-Round Rock-San Marcos, TX Financial Managers Salary | $187,040↑ 36% | 53 mi |
| College Station-Bryan, TX Financial Managers Salary | $146,090↑ 6% | 82 mi |
Comparing salaries near North Region of Texas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in North Region of Texas nonmetropolitan area?
The median annual salary for a Financial Managers in North Region of Texas nonmetropolitan area is $137,680. This typically ranges from $57,710 for entry-level positions to $233,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Region of Texas nonmetropolitan area is 25.4% lower than the national median of $184,480.
Is North Region of Texas nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $137,680 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the purchasing power is comparable.
Is North Region of Texas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in North Region of Texas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Region of Texas nonmetropolitan area?
Some top paying nearby cities include Killeen-Temple, TX ($148,410) and Waco, TX.
How does the salary compare to the national average?
The average salary for Financial Managers in the North Region of Texas nonmetropolitan area is $137,680, which is approximately 25% lower than the national average of $184,480.
What is the cost of living in this region?
The Cost of Living Index for the North Region of Texas nonmetropolitan area is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
How concentrated are Financial Manager jobs in this area?
The Location Quotient of 0.55 indicates that Financial Manager jobs are less concentrated in this region than the national average, suggesting a smaller proportion of the workforce is employed in this role compared to other areas.
What is the total number of Financial Managers in this region?
There are approximately 800 Financial Managers employed in the North Region of Texas nonmetropolitan area, representing 2.921 jobs per 1,000 workers in the total local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the North Region of Texas nonmetropolitan area area with a job density of 2.921 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 Region of Texas nonmetropolitan area