Average Financial Managers Salary in Northeastern South Carolina nonmetropolitan area
Financial Managers in the nonmetropolitan areas of Northeastern South Carolina earn an average annual salary of $130,190. This figure is notably below the national average of $184,480, reflecting regional economic factors and a lower concentration of high-paying corporate headquarters common in more urbanized areas.
Executive Summary
- Average Salary: $130,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $206,630.
- Outlook: The local job market for Financial Managers in Northeastern South Carolina, with a total workforce of 200 professionals, indicates a stable but not rapidly expanding demand. The Location Quotient of 0.49 suggests that this region has less than half the concentration of Financial Managers compared to the national average, implying a niche market rather than a high-demand hub.
Salary Overview
The average Financial Managers in Northeastern South Carolina nonmetropolitan area earns-29.4%below the national average.
$62.6
$2,504
$10,849
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan region is limited, it is generally assumed that salaries for Financial Managers across the nation have experienced steady growth over the past four years, driven by increasing complexity in financial regulations and the strategic importance of financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in Northeastern South Carolina nonmetropolitan area
Career progression for Financial Managers typically involves significant salary increases with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a substantial earning potential as expertise deepens.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,150 | $29.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,643 | $46.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $115,810 | $55.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $162,738 | $78.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $206,630 | $99.3 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,190
Gross Pay
Real Wage (Purchasing Power)
$130,190
Adjusted for COL (100)
The average annual salary of $130,190 in Northeastern South Carolina's 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 balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
200
Total Jobs
2.6
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Northeastern South Carolina 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 0.49 signifies that Financial Managers are less concentrated in Northeastern South Carolina's nonmetropolitan areas compared to the national average. This suggests a less competitive market with fewer professionals vying for available positions, potentially offering greater opportunities for skilled individuals to secure roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Columbia, SC Financial Managers Salary | $134,420↑ 3% | 13 mi |
| Sumter, SC Financial Managers Salary | $148,330↑ 14% | 32 mi |
| Florence, SC Financial Managers Salary | $150,700↑ 16% | 70 mi |
| Augusta-Richmond County, GA-SC Financial Managers Salary | $142,380↑ 9% | 73 mi |
| Charleston-North Charleston, SC Financial Managers Salary | $151,310↑ 16% | 91 mi |
Comparing salaries near Northeastern South Carolina nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northeastern South Carolina nonmetropolitan area?
The median annual salary for a Financial Managers in Northeastern South Carolina nonmetropolitan area is $130,190. This typically ranges from $62,150 for entry-level positions to $206,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northeastern South Carolina nonmetropolitan area is 29.4% lower than the national median of $184,480.
Is Northeastern South Carolina nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the $130,190 salary is substantial, it falls significantly short of the national average of $184,480, indicating lower earning potential in this specific region.
Is Northeastern South Carolina nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northeastern South Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northeastern South Carolina nonmetropolitan area?
Some top paying nearby cities include Columbia, SC ($134,420) and Sumter, SC.
How does the local cost of living affect the Financial Manager salary?
The local cost of living index is 100, which is the national average. This means the $130,190 salary has purchasing power equivalent to the national average, making it a stable financial standing relative to expenses.
What is the concentration of Financial Managers in this area?
The Location Quotient is 0.49, meaning Financial Managers are less than half as concentrated in this region compared to the national average. This suggests a less saturated job market.
How many Financial Managers are there locally?
There are approximately 200 Financial Managers employed in the nonmetropolitan areas of Northeastern South Carolina.
What is the national average salary for a Financial Manager?
The national average annual salary for a Financial Manager is $184,480.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Northeastern South Carolina nonmetropolitan area area with a job density of 2.6 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 Northeastern South Carolina nonmetropolitan area