Average Financial Managers Salary in Northwestern South Carolina nonmetropolitan area
Financial Managers in Northwestern South Carolina's nonmetropolitan areas earn an average annual salary of $134,860. This figure is notably below the national average of $184,480, reflecting regional economic factors and a smaller concentration of high-paying corporate headquarters. The specific pay scale in this area is influenced by the local demand for financial expertise and the overall economic landscape of the nonmetropolitan region.
Executive Summary
- Average Salary: $134,860 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $213,220.
- Outlook: The job market for Financial Managers in Northwestern South Carolina's nonmetropolitan areas appears stable, with a total local workforce of 230 professionals. The Location Quotient of 0.46 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not saturated. The presence of 2.447 jobs per 1,000 workers signifies a consistent, albeit modest, demand for financial management talent within this specific geographic context.
Salary Overview
The average Financial Managers in Northwestern South Carolina nonmetropolitan area earns-26.9%below the national average.
$64.8
$2,593
$11,238
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan region is not provided, it is reasonable to assume a general upward trend in salaries for Financial Managers over the past four years, mirroring national patterns. Economic growth, inflation, and increasing complexity in financial regulations typically drive salary increases for experienced professionals. This suggests that the current average of $134,860 may have seen incremental growth, reflecting the evolving demands of the financial sector.
Financial Managers Salary Distribution in Northwestern South Carolina nonmetropolitan area
Salary progression for Financial Managers in Northwestern South Carolina nonmetropolitan areas typically scales significantly with experience. Entry-level positions may start at a lower percentile, while senior roles, requiring extensive expertise and leadership, command higher salaries. The gap between the lower and upper salary percentiles signifies clear career progression pathways, rewarding accumulated knowledge, strategic acumen, and demonstrated success in financial oversight and planning.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $67,190 | $32.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $101,145 | $48.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,730 | $59 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,575 | $81 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $213,220 | $102.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$134,860
Gross Pay
Real Wage (Purchasing Power)
$134,860
Adjusted for COL (100)
The nominal average annual salary of $134,860 in Northwestern South Carolina's nonmetropolitan areas 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. While the salary is lower than the national average for the role, the cost of living parity suggests that the take-home pay can maintain a comparable standard of living to many other parts of the country.
Job Market Context
230
Total Jobs
2.447
Per 1K Jobs
0.46
Location Quotient
At 0.46x, Northwestern 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.
With a Location Quotient of 0.46, Northwestern South Carolina's nonmetropolitan areas exhibit a lower concentration of Financial Managers relative to the national average. This suggests that the job market for these professionals is less competitive and potentially offers more specialized opportunities for those seeking roles outside of major metropolitan hubs. While the demand is present, as indicated by jobs per 1,000 workers, the lower concentration implies a less saturated market, which could be advantageous for experienced professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Columbia, SC Financial Managers Salary | $134,420↓ 0% | 13 mi |
| Sumter, SC Financial Managers Salary | $148,330↑ 10% | 32 mi |
| Florence, SC Financial Managers Salary | $150,700↑ 12% | 70 mi |
| Augusta-Richmond County, GA-SC Financial Managers Salary | $142,380↑ 6% | 73 mi |
| Charleston-North Charleston, SC Financial Managers Salary | $151,310↑ 12% | 91 mi |
Comparing salaries near Northwestern South Carolina nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Northwestern South Carolina nonmetropolitan area?
The median annual salary for a Financial Managers in Northwestern South Carolina nonmetropolitan area is $134,860. This typically ranges from $67,190 for entry-level positions to $213,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwestern South Carolina nonmetropolitan area is 26.9% lower than the national median of $184,480.
Is Northwestern South Carolina nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $134,860 offers a national average cost of living, it falls significantly short of the national average salary for Financial Managers. The lower concentration of roles also indicates a less robust market for high-end compensation.
Is Northwestern South Carolina nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Northwestern South Carolina nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwestern South Carolina nonmetropolitan area?
Some top paying nearby cities include Columbia, SC ($134,420) and Sumter, SC.
What is the average salary for a Financial Manager in Northwestern SC?
The average annual salary for a Financial Manager in Northwestern South Carolina's nonmetropolitan areas is $134,860.
How does the salary compare to the national average?
The average salary of $134,860 in this region is substantially lower than the national average of $184,480 for Financial Managers.
What is the Cost of Living in Northwestern SC?
The Cost of Living Index in Northwestern South Carolina's nonmetropolitan areas is 100, which is exactly the national average.
Is there high demand for Financial Managers in this area?
The demand is present, with 2.447 jobs per 1,000 workers, but the lower Location Quotient (0.46) suggests a less concentrated market compared to 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 230 employees in the Northwestern South Carolina nonmetropolitan area area with a job density of 2.447 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 South Carolina nonmetropolitan area