Average Financial Managers Salary in Slidell-Mandeville-Covington, LA
Financial Managers in the Slidell-Mandeville-Covington, LA area earn an average annual salary of $140,520. This figure is notably below the national average of $184,480, suggesting localized economic factors or a different market dynamic influence compensation in this region. The specific pay scales in this area are shaped by the local demand for financial expertise and the overall economic landscape of Louisiana.
Executive Summary
- Average Salary: $140,520 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $216,410.
- Outlook: The local workforce for Financial Managers in Slidell-Mandeville-Covington, LA comprises 470 professionals. With a Location Quotient of 0.87, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand. The presence of nearly 5,000 jobs per 1,000 workers suggests a consistent need for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Slidell-Mandeville-Covington, LA earns-23.8%below the national average.
$67.6
$2,702
$11,710
Financial Managers Salary Trends (2020-2024)
While specific historical data for this localized market isn't provided, it's reasonable to assume that salaries for Financial Managers in Slidell-Mandeville-Covington, LA have experienced growth over the past four years, mirroring national trends. Economic recovery and evolving business needs typically drive an upward trajectory in compensation for skilled financial professionals.
Financial Managers Salary Distribution in Slidell-Mandeville-Covington, LA
Salary progression for Financial Managers is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles with extensive experience and proven track records can earn substantially more. The percentile gaps in salary distribution within Slidell-Mandeville-Covington, LA reflect these opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,390 | $34.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $105,390 | $50.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $125,630 | $60.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $175,650 | $84.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $216,410 | $104 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$140,520
Gross Pay
Real Wage (Purchasing Power)
$140,520
Adjusted for COL (100)
The average annual salary of $140,520 in Slidell-Mandeville-Covington, LA 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, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
470
Total Jobs
4.641
Per 1K Jobs
0.87
Location Quotient
Slidell-Mandeville-Covington, LA has 0.87x 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 0.87 for Financial Managers in Slidell-Mandeville-Covington, LA indicates that the concentration of these roles is slightly less than the national average. This suggests a moderately competitive market where opportunities exist, but the talent pool is not as saturated as in major metropolitan hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| New Orleans-Metairie, LA Financial Managers Salary | $140,420↓ 0% | 18 mi |
| Hammond, LA Financial Managers Salary | $129,270↓ 8% | 43 mi |
| Gulfport-Biloxi, MS Financial Managers Salary | $121,080↓ 14% | 44 mi |
| Houma-Bayou Cane-Thibodaux, LA Financial Managers Salary | $130,420↓ 7% | 74 mi |
| Hattiesburg, MS Financial Managers Salary | $124,250↓ 12% | 76 mi |
Comparing salaries near Slidell-Mandeville-Covington, LA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Slidell-Mandeville-Covington, LA?
The median annual salary for a Financial Managers in Slidell-Mandeville-Covington, LA is $140,520. This typically ranges from $72,390 for entry-level positions to $216,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Slidell-Mandeville-Covington, LA is 23.8% lower than the national median of $184,480.
Is Slidell-Mandeville-Covington, LA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $140,520 is substantial, it falls short of the national average of $184,480. However, the cost of living matching the national average offers good purchasing power.
Is Slidell-Mandeville-Covington, LA a good place to live for Financial Managers?
The Cost of Living Index in Slidell-Mandeville-Covington, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Slidell-Mandeville-Covington, LA?
Some top paying nearby cities include New Orleans-Metairie, LA ($140,420) and Hammond, LA.
What is the average salary for a Financial Manager in Slidell-Mandeville-Covington, LA?
The average annual salary for a Financial Manager in the Slidell-Mandeville-Covington, LA area is $140,520.
How does the Slidell-Mandeville-Covington, LA salary compare to the national average?
The average salary in Slidell-Mandeville-Covington, LA ($140,520) is lower than the national average of $184,480.
What is the cost of living in Slidell-Mandeville-Covington, LA?
The cost of living in Slidell-Mandeville-Covington, LA is exactly at the national average, with an index of 100.
How concentrated is the Financial Manager job market in this area?
The job market for Financial Managers in this area has a Location Quotient of 0.87, indicating a slightly lower concentration than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 470 employees in the Slidell-Mandeville-Covington, LA area with a job density of 4.641 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Slidell-Mandeville-Covington, LA
- All Occupations Salary in Slidell-Mandeville-Covington, LA
- Office and Administrative Support Occupations Salary in Slidell-Mandeville-Covington, LA
- Food Preparation and Serving Related Occupations Salary in Slidell-Mandeville-Covington, LA
- Sales and Related Occupations Salary in Slidell-Mandeville-Covington, LA
- Healthcare Practitioners and Technical Occupations Salary in Slidell-Mandeville-Covington, LA
- Transportation and Material Moving Occupations Salary in Slidell-Mandeville-Covington, LA
- Management Occupations Salary in Slidell-Mandeville-Covington, LA
- Educational Instruction and Library Occupations Salary in Slidell-Mandeville-Covington, LA
- Healthcare Support Occupations Salary in Slidell-Mandeville-Covington, LA
- Business and Financial Operations Occupations Salary in Slidell-Mandeville-Covington, LA
- Browse All Jobs in Slidell-Mandeville-Covington, LA →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Slidell-Mandeville-Covington, LA