Average Financial Managers Salary in Omaha, NE-IA
Financial Managers in Omaha, NE-IA earn an average annual salary of $156,060, which is notably below the national average of $184,480. This difference in compensation is often influenced by a variety of local economic factors, including the specific industry demands and the overall cost of doing business within the Omaha metropolitan area.
Executive Summary
- Average Salary: $156,060 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,300.
- Outlook: The Omaha, NE-IA market for Financial Managers appears robust, evidenced by a total local workforce of 3,270 professionals. With a Location Quotient of 1.25, indicating a concentration 25% higher than the national average, there's a clear indication of sustained demand and a significant presence of these roles within the region's economy.
Salary Overview
The average Financial Managers in Omaha, NE-IA earns-15.4%below the national average.
$75
$3,001
$13,005
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Financial Managers in Omaha, NE-IA have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing complexity in financial operations, evolving regulatory landscapes, and the ongoing need for skilled financial leadership across various industries.
Financial Managers Salary Distribution in Omaha, NE-IA
The career trajectory for Financial Managers in Omaha shows significant earning potential as experience accumulates. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles, reflecting a substantial increase in compensation that signifies career progression and increased responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $87,280 | $42 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,045 | $56.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $135,550 | $65.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $195,075 | $93.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,300 | $110.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,060
Gross Pay
Real Wage (Purchasing Power)
$156,060
Adjusted for COL (100)
With an average salary of $156,060 and a Cost of Living Index of 100 (on par with the national average), Financial Managers in Omaha experience a purchasing power that aligns with the national standard. This means that the nominal salary translates directly to the average cost of goods and services, making Omaha an economically stable location for these professionals.
Job Market Context
3,270
Total Jobs
6.649
Per 1K Jobs
1.25
Location Quotient
With a location quotient of 1.25, Omaha, NE-IA has a slightly higher-than-average concentration of Financial Managers roles compared to the national norm.
The Location Quotient of 1.25 for Financial Managers in Omaha, NE-IA signifies a market that is more concentrated than the national average. This suggests a healthy demand for these professionals, potentially offering more opportunities and a competitive environment where employers seek specialized financial expertise, making it a favorable market for skilled individuals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Lincoln, NE Financial Managers Salary | $143,400↓ 8% | 45 mi |
| Sioux City, IA-NE-SD Financial Managers Salary | $134,570↓ 14% | 87 mi |
Comparing salaries near Omaha, NE-IA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Omaha, NE-IA?
The median annual salary for a Financial Managers in Omaha, NE-IA is $156,060. This typically ranges from $87,280 for entry-level positions to $229,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Omaha, NE-IA is 15.4% lower than the national median of $184,480.
Is Omaha, NE-IA a lucrative place for Financial Managers?
Yes, with caveats.While the average salary is below the national benchmark, the strong concentration of roles and a cost of living matching the national average indicate a stable and opportunity-rich market for Financial Managers.
Is Omaha, NE-IA a good place to live for Financial Managers?
The Cost of Living Index in Omaha, NE-IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Omaha, NE-IA?
Some top paying nearby cities include Lincoln, NE ($143,400) and Sioux City, IA-NE-SD.
How does Omaha's job market compare nationally for Financial Managers?
Omaha's job market for Financial Managers shows a higher concentration than the national average, with a Location Quotient of 1.25, suggesting a strong local demand relative to the national distribution.
What is the impact of Omaha's cost of living on a Financial Manager's salary?
Omaha's Cost of Living Index is exactly 100, meaning the national average cost of living. Therefore, the average salary of $156,060 provides purchasing power equivalent to the national average.
Are there many Financial Manager jobs in Omaha?
Yes, with a total local workforce of 3,270 Financial Managers and a jobs-per-1,000-workers rate of 6.649, the presence of these roles is significant within the Omaha economy.
How does experience affect a Financial Manager's salary in Omaha?
Experience significantly impacts earnings, with entry-level roles commanding lower salaries and senior positions with extensive experience earning considerably more, reflecting a clear progression in earning potential.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,270 employees in the Omaha, NE-IA area with a job density of 6.649 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 Omaha, NE-IA