Average Financial Managers Salary in Northeast Alabama nonmetropolitan area
Financial Managers in the Northeast Alabama nonmetropolitan area earn an average annual salary of $137,250. This figure is notably below the national average of $184,480, reflecting regional economic factors and a smaller concentration of specialized financial roles. The local demand, indicated by a lower jobs-per-worker ratio, contributes to this salary differential.
Executive Summary
- Average Salary: $137,250 per year.
- Growth Trend: Salaries have shifted 32.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $238,080.
- Outlook: The job market for Financial Managers in Northeast Alabama nonmetropolitan area appears stable, albeit with a lower concentration than the national average, as evidenced by a Location Quotient of 0.32. With a total local workforce of 250, the demand is relatively contained, suggesting a niche but potentially consistent need for these professionals within the region's economic landscape.
Salary Overview
The average Financial Managers in Northeast Alabama nonmetropolitan area earns-25.6%below the national average.
$66
$2,639
$11,438
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers have experienced a general upward trend over the past four years, mirroring national patterns of increasing compensation for skilled financial professionals. This growth is typically driven by inflation, evolving industry demands, and the increasing complexity of financial management.
Financial Managers Salary Distribution in Northeast Alabama nonmetropolitan area
Career progression for Financial Managers significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, 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 highlights the value placed on expertise and leadership in financial management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,560 | $33.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $102,938 | $49.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $116,890 | $56.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $171,563 | $82.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $238,080 | $114.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$137,250
Gross Pay
Real Wage (Purchasing Power)
$137,250
Adjusted for COL (100)
The average annual salary of $137,250 in Northeast Alabama 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, offering a stable financial standing relative to the rest of the country.
Job Market Context
250
Total Jobs
1.677
Per 1K Jobs
0.32
Location Quotient
At 0.32x, Northeast Alabama nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.32 indicates that Financial Managers are less concentrated in the Northeast Alabama nonmetropolitan area compared to the national average. This suggests a less competitive market with fewer professionals vying for available positions, potentially offering greater opportunities for those seeking employment but also signaling a smaller overall industry presence.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Montgomery, AL Financial Managers Salary | $146,390↑ 7% | 44 mi |
| Birmingham, AL Financial Managers Salary | $169,970↑ 24% | 50 mi |
| Tuscaloosa, AL Financial Managers Salary | $141,550↑ 3% | 52 mi |
| Auburn-Opelika, AL Financial Managers Salary | $138,130↑ 1% | 77 mi |
| Anniston-Oxford, AL Financial Managers Salary | $122,690↓ 11% | 82 mi |
Comparing salaries near Northeast Alabama nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Alabama nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Alabama nonmetropolitan area is $137,250. This typically ranges from $70,560 for entry-level positions to $238,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Alabama nonmetropolitan area is 25.6% lower than the national median of $184,480.
Is Northeast Alabama nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $137,250 is substantial, it falls significantly short of the national average of $184,480. The cost of living being at the national average means the lower nominal salary translates to lower real wages compared to national benchmarks.
Is Northeast Alabama nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Alabama nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Alabama nonmetropolitan area?
Some top paying nearby cities include Montgomery, AL ($146,390) and Birmingham, AL.
How does the local workforce size affect Financial Manager jobs?
A local workforce of 250 Financial Managers suggests a smaller, more specialized market. This can mean fewer opportunities but potentially less competition for experienced professionals.
What does a Location Quotient of 0.32 mean for Financial Managers?
A Location Quotient below 1.0, like 0.32, indicates a lower concentration of Financial Managers in this area compared to the national average. This suggests a less saturated job market.
How does the cost of living impact the Financial Manager salary in this region?
With a Cost of Living Index of 100, the $137,250 salary offers purchasing power equivalent to the national average. This means the salary is neither significantly boosted nor diminished by local living expenses.
What is the job density for Financial Managers in Northeast Alabama nonmetropolitan area?
There are approximately 1.677 Financial Manager jobs per 1,000 workers in this region, which is lower than the national average, indicating a relatively smaller demand for these roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Northeast Alabama nonmetropolitan area area with a job density of 1.677 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 Northeast Alabama nonmetropolitan area