Average Financial Managers Salary in Northwest Oklahoma nonmetropolitan area
Financial Managers in the Northwest Oklahoma nonmetropolitan area earn an average annual salary of $132,230. This figure is notably lower than the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and the overall scale of businesses in nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $132,230 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $191,340.
- Outlook: The job market for Financial Managers in Northwest Oklahoma's nonmetropolitan area, with a total local workforce of 290, indicates a specialized but present demand. The Location Quotient of 0.57 suggests that while the concentration of these roles is below the national average, the presence of 3.007 jobs per 1,000 workers signifies a stable, albeit niche, employment sector.
Salary Overview
The average Financial Managers in Northwest Oklahoma nonmetropolitan area earns-28.3%below the national average.
$63.6
$2,543
$11,019
Financial Managers Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers across the nation, including in regions like Northwest Oklahoma, have experienced steady growth over the past four years. This trend is typically driven by inflation, increasing complexity in financial regulations, and the evolving demands placed upon financial leadership roles.
Financial Managers Salary Distribution in Northwest Oklahoma nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise in strategic financial planning, risk management, and regulatory compliance, will see substantial increases. The percentile gaps in salary distributions clearly signify these career progression pathways and the value placed on seasoned financial professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,450 | $35.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $99,173 | $47.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,430 | $60.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $165,288 | $79.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $191,340 | $92 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$132,230
Gross Pay
Real Wage (Purchasing Power)
$132,230
Adjusted for COL (100)
The nominal average salary of $132,230 in Northwest Oklahoma'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 stable financial standing relative to typical expenses.
Job Market Context
290
Total Jobs
3.007
Per 1K Jobs
0.57
Location Quotient
Northwest Oklahoma nonmetropolitan area has 0.57x 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 0.57, the Financial Manager job market in Northwest Oklahoma's nonmetropolitan area is less concentrated than the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a competitive edge for skilled professionals seeking roles in this specific locale compared to more densely populated areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Oklahoma City, OK Financial Managers Salary | $148,790↑ 13% | 34 mi |
| Tulsa, OK Financial Managers Salary | $148,650↑ 12% | 69 mi |
| Enid, OK Financial Managers Salary | $130,870↓ 1% | 78 mi |
Comparing salaries near Northwest Oklahoma nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwest Oklahoma nonmetropolitan area?
The median annual salary for a Financial Managers in Northwest Oklahoma nonmetropolitan area is $132,230. This typically ranges from $73,450 for entry-level positions to $191,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Oklahoma nonmetropolitan area is 28.3% lower than the national median of $184,480.
Is Northwest Oklahoma nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $132,230 is significantly below the national average of $184,480, though the cost of living is on par with the national average.
Is Northwest Oklahoma nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwest Oklahoma nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Oklahoma nonmetropolitan area?
Some top paying nearby cities include Oklahoma City, OK ($148,790) and Tulsa, OK.
How does the local workforce size impact job availability for Financial Managers?
A local workforce of 290 suggests a smaller, more specialized market. While not indicative of mass hiring, it points to consistent demand within the existing business structure of the region.
What does a Location Quotient of 0.57 mean for Financial Managers in this area?
A Location Quotient below 1.0, like 0.57, indicates that Financial Managers are less concentrated in Northwest Oklahoma's nonmetropolitan area compared to the national average, suggesting fewer job openings relative to the national scale.
How does the Cost of Living Index affect the perceived value of a Financial Manager's salary?
With a Cost of Living Index of 100, the average salary of $132,230 offers purchasing power equivalent to the national average, meaning expenses are neither significantly higher nor lower than typical.
Are there many Financial Manager jobs per 1,000 workers in this region?
With 3.007 jobs per 1,000 workers, there is a moderate presence of Financial Manager roles, indicating a steady, though not abundant, demand within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Northwest Oklahoma nonmetropolitan area area with a job density of 3.007 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 Northwest Oklahoma nonmetropolitan area