SalaryNode

Average Financial Managers Salary in Savannah, GA

Financial Managers in Savannah, GA, earn an average annual salary of $159,320. This figure is notably below the national average of $184,480, suggesting that local market dynamics, industry concentration, and potentially the overall economic landscape of Savannah influence compensation levels for this critical role.

Executive Summary

  • Average Salary: $159,320 per year.
  • Growth Trend: Salaries have shifted 55.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $238,980.
  • Outlook: With a local workforce of 520 Financial Managers, Savannah presents a moderately sized employment pool for this profession. The Location Quotient of 0.51 indicates that the concentration of Financial Managers in Savannah is about half the national average, suggesting a less saturated but potentially less robust demand compared to national hubs.
2024 Market Data

Salary Overview

$159,320

The average Financial Managers in Savannah, GA earns-13.6%below the national average.

BreakdownBased on 40h/week
Hourly

$76.6

Weekly

$3,064

Monthly

$13,277

Financial Managers Salary Distribution in Savannah, GA

Career progression for Financial Managers in Savannah typically correlates with increased compensation. Entry-level positions may start significantly lower than the average, while senior roles, demanding extensive experience and strategic oversight, command salaries well above the $159,320 average, with higher percentiles reflecting this expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$79,520$38.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$119,490$57.4
ManagerOversees team, compliance, and project delivery.50% (Median)$139,220$66.9
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$199,150$95.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$238,980$114.9

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$159,320

Gross Pay

Real Wage (Purchasing Power)

$159,320

Adjusted for COL (100)

The average salary of $159,320 in Savannah 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 Savannah is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.

Job Market Context

520

Total Jobs

2.686

Per 1K Jobs

0.51

Location Quotient

Below Average

Savannah, GA has 0.51x 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 0.51 signifies that Financial Managers are less concentrated in Savannah compared to the national average. This suggests that while the profession is present, the job market may be less competitive, potentially offering unique opportunities for skilled professionals seeking roles outside of major metropolitan areas.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Hilton Head Island-Bluffton-Port Royal, SC Financial Managers Salary$138,860↓ 13%28 mi
Hinesville, GA Financial Managers Salary$113,640↓ 29%29 mi
Brunswick-St. Simons, GA Financial Managers Salary$147,930↓ 7%63 mi
Charleston-North Charleston, SC Financial Managers Salary$151,310↓ 5%89 mi

Comparing salaries near Savannah, GA

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Savannah, GA?

The median annual salary for a Financial Managers in Savannah, GA is $159,320. This typically ranges from $79,520 for entry-level positions to $238,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Savannah, GA is 13.6% lower than the national median of $184,480.

Is Savannah, GA a lucrative place for Financial Managers?

No, not compared to the national average.While the average salary of $159,320 is substantial, it falls below the national average of $184,480. However, the cost of living is also at the national average, making the salary's purchasing power equivalent nationally.

Is Savannah, GA a good place to live for Financial Managers?

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

Where are the highest paying cities near Savannah, GA?

Some top paying nearby cities include Hilton Head Island-Bluffton-Port Royal, SC ($138,860) and Hinesville, GA.

What is the average salary for a Financial Manager in Savannah, GA?

The average annual salary for a Financial Manager in Savannah, GA is $159,320.

How does Savannah's cost of living compare to the national average?

Savannah, GA has a Cost of Living Index of 100, which is exactly the national average.

Is the job market for Financial Managers concentrated in Savannah?

No, the Location Quotient of 0.51 indicates that Financial Managers are less concentrated in Savannah than the national average.

How many Financial Managers are there in Savannah, GA?

There are approximately 520 Financial Managers employed in Savannah, GA, representing 2.686 jobs per 1,000 workers.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Savannah, GA area with a job density of 2.686 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 Savannah, GA