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Average Financial Managers Salary in Odessa, TX

Financial Managers in Odessa, TX, earn an average annual salary of $161,940. This figure is notably below the national average of $184,480, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this West Texas city.

Executive Summary

  • Average Salary: $161,940 per year.
  • Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $242,910.
  • Outlook: With a total local workforce of 220 Financial Managers, Odessa presents a relatively niche job market. The Location Quotient of 0.53 indicates that this profession is less concentrated here compared to the national average, implying a potentially moderate demand relative to the available talent pool.
2024 Market Data

Salary Overview

$161,940

The average Financial Managers in Odessa, TX earns-12.2%below the national average.

BreakdownBased on 40h/week
Hourly

$77.9

Weekly

$3,114

Monthly

$13,495

Financial Managers Salary Distribution in Odessa, TX

Salary progression for Financial Managers in Odessa, TX, typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries well into the upper percentiles, reflecting their critical role in strategic financial planning and decision-making.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$92,110$44.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$121,455$58.4
ManagerOversees team, compliance, and project delivery.50% (Median)$146,160$70.3
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$202,425$97.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$242,910$116.8

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$161,940

Gross Pay

Real Wage (Purchasing Power)

$161,940

Adjusted for COL (100)

The average annual salary of $161,940 in Odessa, TX, 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 Odessa is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.

Job Market Context

220

Total Jobs

2.821

Per 1K Jobs

0.53

Location Quotient

Below Average

Odessa, TX has 0.53x 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.

A Location Quotient of 0.53 for Financial Managers in Odessa, TX, signifies that the concentration of these professionals is about half that of the national average. This suggests that while the role is present, the market is not saturated, potentially offering opportunities for skilled individuals but also indicating a smaller overall demand compared to more heavily concentrated metropolitan areas.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Midland, TX Financial Managers Salary$182,070↑ 12%17 mi

Comparing salaries near Odessa, TX

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Odessa, TX?

The median annual salary for a Financial Managers in Odessa, TX is $161,940. This typically ranges from $92,110 for entry-level positions to $242,910 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Odessa, TX is 12.2% lower than the national median of $184,480.

Is Odessa, TX a lucrative place for Financial Managers?

No, not compared to the national average.While the average salary of $161,940 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.

Is Odessa, TX a good place to live for Financial Managers?

The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Odessa, TX?

Some top paying nearby cities include Midland, TX ($182,070) and others.

How does Odessa's Financial Manager salary compare to the national average?

The average salary for Financial Managers in Odessa, TX, is $161,940, which is lower than the national average of $184,480.

What is the Cost of Living in Odessa, TX for Financial Managers?

Odessa, TX, has a Cost of Living Index of 100, which is exactly the national average. This means your salary in Odessa has the same purchasing power as it would nationally.

Is there high demand for Financial Managers in Odessa, TX?

With a Location Quotient of 0.53, Financial Managers are less concentrated in Odessa than the national average, suggesting moderate demand relative to the workforce size.

How many Financial Managers are there in Odessa, TX?

There are approximately 220 Financial Managers working in Odessa, TX, representing 2.821 jobs per 1,000 workers in 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 220 employees in the Odessa, TX area with a job density of 2.821 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Odessa, TX