Average Financial Managers Salary in Northeast Louisiana nonmetropolitan area
Financial Managers in the Northeast Louisiana nonmetropolitan area earn an average annual salary of $120,020. This figure is notably lower than the national average of $184,480, reflecting regional economic factors and industry concentration. The specific demand and compensation structure within this nonmetropolitan setting contribute to this localized pay scale.
Executive Summary
- Average Salary: $120,020 per year.
- Growth Trend: Salaries have shifted 3.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $199,990.
- Outlook: The job market for Financial Managers in Northeast Louisiana nonmetropolitan area, with a total local workforce of 210, indicates a niche presence. The Location Quotient of 0.62 suggests that this role is less concentrated here compared to the national average, implying a stable but not rapidly expanding demand for these professionals within the region.
Salary Overview
The average Financial Managers in Northeast Louisiana nonmetropolitan area earns-34.9%below the national average.
$57.7
$2,308
$10,002
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers across most regions, including Northeast Louisiana nonmetropolitan areas, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing complexity of financial regulations, and the growing importance of strategic financial planning for businesses.
Financial Managers Salary Distribution in Northeast Louisiana nonmetropolitan area
Salary progression for Financial Managers is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and specialized skills can reach significantly higher earnings. The percentile gaps in salary distribution within Northeast Louisiana nonmetropolitan area would signify the potential for career advancement and increased earning power as professionals gain more expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,010 | $30.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,015 | $43.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $109,730 | $52.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $150,025 | $72.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $199,990 | $96.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$120,020
Gross Pay
Real Wage (Purchasing Power)
$120,020
Adjusted for COL (100)
The average annual salary of $120,020 in Northeast Louisiana 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 cost of goods and services.
Job Market Context
210
Total Jobs
3.303
Per 1K Jobs
0.62
Location Quotient
Northeast Louisiana nonmetropolitan area has 0.62x 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.
With a Location Quotient of 0.62, the market for Financial Managers in Northeast Louisiana nonmetropolitan area is less concentrated than the national average. This suggests that while there is a demand for these professionals, the job market is not saturated, potentially offering good opportunities for skilled individuals without intense competition.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Financial Managers Salary | $118,610↓ 1% | 37 mi |
| Baton Rouge, LA Financial Managers Salary | $132,430↑ 10% | 67 mi |
| Lafayette, LA Financial Managers Salary | $120,130↑ 0% | 67 mi |
| Monroe, LA Financial Managers Salary | $119,170↓ 1% | 94 mi |
| Hammond, LA Financial Managers Salary | $129,270↑ 8% | 95 mi |
Comparing salaries near Northeast Louisiana nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Louisiana nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Louisiana nonmetropolitan area is $120,020. This typically ranges from $63,010 for entry-level positions to $199,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Louisiana nonmetropolitan area is 34.9% lower than the national median of $184,480.
Is Northeast Louisiana nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While Financial Managers in this area earn a substantial $120,020, it falls significantly below the national average salary of $184,480. The cost of living being at the national average means the lower salary translates to less disposable income compared to national benchmarks.
Is Northeast Louisiana nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($118,610) and Baton Rouge, LA.
How does the number of Financial Managers compare nationally?
With 3.303 jobs per 1,000 workers, the presence of Financial Managers in Northeast Louisiana nonmetropolitan area is below the national average, as indicated by the Location Quotient of 0.62.
What is the significance of the Location Quotient (LQ)?
A Location Quotient of 0.62 means that Financial Managers are 38% less concentrated in Northeast Louisiana nonmetropolitan area than the national average. This suggests a smaller but potentially stable job market for this profession.
Does experience impact salary for Financial Managers in this region?
Yes, as with most professions, experience is a key driver of salary for Financial Managers. Senior roles with more years of experience and specialized skills will command higher salaries than entry-level positions.
How does the cost of living affect the salary?
The Cost of Living Index of 100 indicates that the cost of living in Northeast Louisiana nonmetropolitan area is exactly at the national average. Therefore, the $120,020 salary has the same purchasing power as it would nationally, relative to expenses.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Northeast Louisiana nonmetropolitan area area with a job density of 3.303 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 Northeast Louisiana nonmetropolitan area
- All Occupations Salary in Northeast Louisiana nonmetropolitan area
- Office and Administrative Support Occupations Salary in Northeast Louisiana nonmetropolitan area
- Sales and Related Occupations Salary in Northeast Louisiana nonmetropolitan area
- Transportation and Material Moving Occupations Salary in Northeast Louisiana nonmetropolitan area
- Educational Instruction and Library Occupations Salary in Northeast Louisiana nonmetropolitan area
- Food Preparation and Serving Related Occupations Salary in Northeast Louisiana nonmetropolitan area
- Healthcare Practitioners and Technical Occupations Salary in Northeast Louisiana nonmetropolitan area
- Healthcare Support Occupations Salary in Northeast Louisiana nonmetropolitan area
- Production Occupations Salary in Northeast Louisiana nonmetropolitan area
- Management Occupations Salary in Northeast Louisiana nonmetropolitan area
- Browse All Jobs in Northeast Louisiana nonmetropolitan area →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Northeast Louisiana nonmetropolitan area