Average Financial Managers Salary in South Arkansas nonmetropolitan area
Financial Managers in the South Arkansas nonmetropolitan area earn an average annual salary of $106,790. This figure is notably lower than the national average of $184,480, reflecting the economic landscape and specific industry demands of this region. Factors such as the concentration of businesses and the overall economic activity within South Arkansas contribute to this localized pay scale.
Executive Summary
- Average Salary: $106,790 per year.
- Growth Trend: Salaries have shifted 17.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $175,080.
- Outlook: The job market for Financial Managers in South Arkansas, with a total local workforce of 560 professionals, indicates a stable but not rapidly expanding demand. The Location Quotient of 0.88 suggests a slightly lower concentration of these roles compared to the national average, implying a moderate job market that is neither oversaturated nor experiencing exceptionally high growth in this specialized field.
Salary Overview
The average Financial Managers in South Arkansas nonmetropolitan area earns-42.1%below the national average.
$51.3
$2,054
$8,899
Financial Managers Salary Trends (2020-2024)
While specific historical data for South Arkansas is not provided, it is reasonable to assume that salaries for Financial Managers in nonmetropolitan areas have experienced gradual growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increasing complexity of financial operations, and the ongoing need for skilled financial oversight across various industries.
Financial Managers Salary Distribution in South Arkansas nonmetropolitan area
Salary progression for Financial Managers is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary distribution clearly signify career progression, with senior roles often reaching the upper quartiles of compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,480 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,093 | $38.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,540 | $44 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $133,488 | $64.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $175,080 | $84.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$106,790
Gross Pay
Real Wage (Purchasing Power)
$106,790
Adjusted for COL (100)
The nominal average annual salary of $106,790 in South Arkansas 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 that of someone earning the national average salary in a location with a national average cost of living. Therefore, the salary offers a standard lifestyle relative to national benchmarks.
Job Market Context
560
Total Jobs
4.648
Per 1K Jobs
0.88
Location Quotient
South Arkansas nonmetropolitan area has 0.88x 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.
With a Location Quotient of 0.88, the job market for Financial Managers in South Arkansas is slightly less concentrated than the national average. This suggests that while opportunities exist, the field may be less competitive than in major metropolitan hubs, potentially offering a more accessible entry point for qualified professionals. The number of jobs per 1,000 workers (4.648) further supports a steady, albeit not booming, demand for these financial experts.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Financial Managers Salary | $126,170↑ 18% | 17 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↓ 2% | 51 mi |
Comparing salaries near South Arkansas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in South Arkansas nonmetropolitan area?
The median annual salary for a Financial Managers in South Arkansas nonmetropolitan area is $106,790. This typically ranges from $47,480 for entry-level positions to $175,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Arkansas nonmetropolitan area is 42.1% lower than the national median of $184,480.
Is South Arkansas nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $106,790 is substantial, it falls considerably short of the national average of $184,480. However, the cost of living is at the national average, meaning the salary's purchasing power is standard.
Is South Arkansas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in South Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($126,170) and Hot Springs, AR.
How does the local workforce size affect job opportunities?
A local workforce of 560 Financial Managers suggests a moderate-sized pool of professionals. This indicates a stable job market where demand is consistent but perhaps not characterized by rapid expansion or a high volume of openings.
What does a Location Quotient of 0.88 signify?
A Location Quotient of 0.88 means that Financial Managers are slightly less concentrated in South Arkansas compared to the national average. This implies that the job market is present but not as densely populated with these professionals as in other regions.
How does the cost of living impact the Financial Manager salary?
With a Cost of Living Index of 100, the $106,790 salary in South Arkansas offers purchasing power equivalent to the national average. This means the salary is neither significantly boosted nor diminished by local living expenses.
What is the job density for Financial Managers in this area?
There are approximately 4.648 Financial Manager jobs per 1,000 workers in South Arkansas. This metric provides insight into the relative prevalence of these roles within the local employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the South Arkansas nonmetropolitan area area with a job density of 4.648 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 South Arkansas nonmetropolitan area