Average Financial Managers Salary in Northwestern Region of Texas nonmetropolitan area
Financial Managers in the Northwestern Region of Texas nonmetropolitan area earn an average annual salary of $144,340. This figure is notably below the national average of $184,480, reflecting regional economic factors and a potentially lower demand for highly specialized financial roles compared to larger metropolitan hubs. The specific economic landscape and industry concentration within this nonmetropolitan area directly influence compensation levels for these critical positions.
Executive Summary
- Average Salary: $144,340 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $216,510.
- Outlook: The job market for Financial Managers in the Northwestern Region of Texas nonmetropolitan area appears to be moderately concentrated, with a total local workforce of 560 individuals in this role. The Location Quotient of 0.56 suggests that this profession is less prevalent here than the national average, indicating a niche but potentially stable demand within the existing economic structure. While not a high-growth area in terms of sheer numbers, the existing workforce size implies a consistent need for financial expertise.
Salary Overview
The average Financial Managers in Northwestern Region of Texas nonmetropolitan area earns-21.8%below the national average.
$69.4
$2,776
$12,028
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan region 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 economic growth and increasing complexity in financial management. This growth is typically driven by inflation, evolving regulatory landscapes, and the increasing strategic importance of financial planning and analysis within businesses of all sizes.
Financial Managers Salary Distribution in Northwestern Region of Texas nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower percentiles, while seasoned professionals with extensive experience, specialized certifications, and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on expertise, strategic decision-making capabilities, and leadership within the financial management field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,670 | $34.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $108,255 | $52 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,500 | $60.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $180,425 | $86.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $216,510 | $104.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$144,340
Gross Pay
Real Wage (Purchasing Power)
$144,340
Adjusted for COL (100)
The average annual salary of $144,340 in the Northwestern Region of Texas nonmetropolitan area aligns precisely with the national average cost of living (Index 100). This means that while the nominal salary may seem lower than the national average, the purchasing power of this income is equivalent to the national standard. Therefore, relocating to this area for a Financial Manager position offers a cost-of-living advantage that effectively offsets the lower average salary compared to more expensive regions.
Job Market Context
560
Total Jobs
2.956
Per 1K Jobs
0.56
Location Quotient
Northwestern Region of Texas nonmetropolitan area has 0.56x 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 0.56, the job market for Financial Managers in the Northwestern Region of Texas nonmetropolitan area is less concentrated than the national average. This suggests that while there are fewer Financial Managers relative to the overall workforce compared to national benchmarks, the existing roles are likely integral to the local economy. The lower concentration may indicate less competition for available positions but also potentially fewer opportunities compared to major metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Killeen-Temple, TX Financial Managers Salary | $148,410↑ 3% | 10 mi |
| Waco, TX Financial Managers Salary | $140,940↓ 2% | 41 mi |
| Austin-Round Rock-San Marcos, TX Financial Managers Salary | $187,040↑ 30% | 53 mi |
| College Station-Bryan, TX Financial Managers Salary | $146,090↑ 1% | 82 mi |
Comparing salaries near Northwestern Region of Texas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwestern Region of Texas nonmetropolitan area?
The median annual salary for a Financial Managers in Northwestern Region of Texas nonmetropolitan area is $144,340. This typically ranges from $72,670 for entry-level positions to $216,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwestern Region of Texas nonmetropolitan area is 21.8% lower than the national median of $184,480.
Is Northwestern Region of Texas nonmetropolitan area a lucrative place for Financial Managers?
No, not in terms of average salary compared to the national average.The average salary of $144,340 is significantly lower than the national average of $184,480. However, the equivalent cost of living means the purchasing power is similar to the national average.
Is Northwestern Region of Texas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwestern Region of Texas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwestern Region of Texas nonmetropolitan area?
Some top paying nearby cities include Killeen-Temple, TX ($148,410) and Waco, TX.
How does the number of Financial Managers in Northwestern Texas compare to the national average?
There are approximately 2.956 Financial Managers per 1,000 workers in this region, which is half the national average, as indicated by the Location Quotient of 0.56.
What is the total number of Financial Managers in this region?
The total local workforce for Financial Managers in the Northwestern Region of Texas nonmetropolitan area is estimated to be 560 individuals.
Does experience significantly impact a Financial Manager's salary in this region?
Yes, as with most roles, experience is a key driver of salary. Senior Financial Managers with extensive expertise and leadership skills will earn considerably more than those in entry-level positions.
Is the cost of living a factor when considering a Financial Manager role in Northwestern Texas?
The cost of living in this region is exactly at the national average (100), meaning your $144,340 salary will have the same purchasing power as the national average salary in a more expensive area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Northwestern Region of Texas nonmetropolitan area area with a job density of 2.956 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 Northwestern Region of Texas nonmetropolitan area