Average Financial Managers Salary in Northeast Oklahoma nonmetropolitan area
Financial Managers in the Northeast Oklahoma nonmetropolitan area earn an average annual salary of $134,820. This figure is notably below the national average of $184,480, reflecting the distinct economic landscape and demand dynamics present in this specific region. Factors such as local industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $134,820 per year.
- Growth Trend: Salaries have shifted 28.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $212,120.
- Outlook: The job market for Financial Managers in Northeast Oklahoma's nonmetropolitan area, with a total workforce of 330 individuals, indicates a specialized niche. The Location Quotient of 0.54 suggests that this profession is less concentrated here compared to the national average, implying a potentially less saturated but perhaps more targeted demand for these roles within the local economy.
Salary Overview
The average Financial Managers in Northeast Oklahoma nonmetropolitan area earns-26.9%below the national average.
$64.8
$2,593
$11,235
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers across the nation, including in regions like Northeast Oklahoma, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing complexity in financial regulations, and the growing importance of strategic financial planning for businesses of all sizes.
Financial Managers Salary Distribution in Northeast Oklahoma nonmetropolitan area
Salary progression for Financial Managers is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience in financial analysis, strategic planning, and team leadership can expect to earn considerably more. The percentile gaps in salary distributions clearly signify career progression, with senior roles often reaching the higher percentiles due to accumulated expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,330 | $30.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $101,115 | $48.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $130,780 | $62.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,525 | $81 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $212,120 | $102 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$134,820
Gross Pay
Real Wage (Purchasing Power)
$134,820
Adjusted for COL (100)
The nominal average annual salary of $134,820 in the Northeast Oklahoma 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 general living expenses.
Job Market Context
330
Total Jobs
2.848
Per 1K Jobs
0.54
Location Quotient
Northeast Oklahoma nonmetropolitan area has 0.54x 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 0.54, the market for Financial Managers in Northeast Oklahoma's nonmetropolitan area is less concentrated than the national average. This suggests that while there may be fewer opportunities compared to more populous or metropolitan areas, the demand for skilled financial professionals could be more specific, potentially leading to less intense competition for qualified candidates.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Financial Managers Salary | $148,790↑ 10% | 34 mi |
| Tulsa, OK Financial Managers Salary | $148,650↑ 10% | 69 mi |
| Enid, OK Financial Managers Salary | $130,870↓ 3% | 78 mi |
Comparing salaries near Northeast Oklahoma nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeast Oklahoma nonmetropolitan area?
The median annual salary for a Financial Managers in Northeast Oklahoma nonmetropolitan area is $134,820. This typically ranges from $64,330 for entry-level positions to $212,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeast Oklahoma nonmetropolitan area is 26.9% lower than the national median of $184,480.
Is Northeast Oklahoma nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $134,820 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, providing equivalent purchasing power.
Is Northeast Oklahoma nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeast Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeast Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($148,790) and Tulsa, OK.
How does the local workforce size affect Financial Manager opportunities?
A local workforce of 330 Financial Managers suggests a smaller, more specialized market. This can mean fewer overall positions but potentially less competition for experienced professionals.
What does a Location Quotient of 0.54 mean for Financial Managers?
A Location Quotient of 0.54 indicates that Financial Managers are less prevalent in this nonmetropolitan area compared to the national average. This could imply a niche demand or fewer established financial institutions.
How does the cost of living impact the salary of a Financial Manager in this region?
With a Cost of Living Index of 100, the $134,820 salary offers purchasing power equivalent to the national average, making it a stable, albeit not exceptionally high, compensation relative to expenses.
Are there many jobs per 1,000 workers for Financial Managers in Northeast Oklahoma nonmetropolitan area?
With 2.848 jobs per 1,000 workers, the availability is moderate, reflecting the specific economic structure of a nonmetropolitan region compared to broader national averages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Northeast Oklahoma nonmetropolitan area area with a job density of 2.848 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 Oklahoma nonmetropolitan area