Average Financial Managers Salary in Southeast Missouri nonmetropolitan area
Financial Managers in the Southeast Missouri nonmetropolitan area can expect an average annual salary of $126,560. This figure significantly trails the national average of $184,480, reflecting regional economic factors and a lower concentration of high-demand financial roles. The pay scale in this area is influenced by the local industry mix and the overall economic landscape, which differs from major metropolitan hubs.
Executive Summary
- Average Salary: $126,560 per year.
- Growth Trend: Salaries have shifted 20.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $195,790.
- Outlook: The job market for Financial Managers in Southeast Missouri appears stable, with a total local workforce of 350 individuals in this role. The Location Quotient of 0.4 indicates a lower concentration of these professionals compared to the national average, suggesting a potentially less saturated but also less robust demand for specialized financial management expertise within the immediate region.
Salary Overview
The average Financial Managers in Southeast Missouri nonmetropolitan area earns-31.4%below the national average.
$60.9
$2,434
$10,547
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by increasing complexity in financial regulations and the demand for strategic financial planning. This upward trend is likely reflected, to some extent, in Southeast Missouri, though potentially at a more modest pace.
Financial Managers Salary Distribution in Southeast Missouri nonmetropolitan area
Career progression for Financial Managers typically involves a significant salary increase from entry-level to senior positions. While specific percentile data for this region is unavailable, the gap between starting salaries and those earned by seasoned professionals with extensive experience in areas like strategic financial planning, risk management, and corporate finance can be substantial, signifying clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,100 | $33.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $94,920 | $45.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $119,330 | $57.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $158,200 | $76.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $195,790 | $94.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$126,560
Gross Pay
Real Wage (Purchasing Power)
$126,560
Adjusted for COL (100)
The nominal average salary of $126,560 in Southeast Missouri aligns precisely with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is comparable to the national standard, making the region's compensation relatively balanced with living expenses.
Job Market Context
350
Total Jobs
2.149
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Southeast Missouri nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.4, the market for Financial Managers in Southeast Missouri is less concentrated than the national average. This suggests that while there may be fewer job openings compared to more populous areas, the competition for available positions might also be less intense, offering a unique balance for professionals seeking opportunities outside of major financial centers.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Jefferson City, MO Financial Managers Salary | $124,840↓ 1% | 10 mi |
| Columbia, MO Financial Managers Salary | $140,760↑ 11% | 34 mi |
Comparing salaries near Southeast Missouri nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southeast Missouri nonmetropolitan area?
The median annual salary for a Financial Managers in Southeast Missouri nonmetropolitan area is $126,560. This typically ranges from $70,100 for entry-level positions to $195,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Missouri nonmetropolitan area is 31.4% lower than the national median of $184,480.
Is Southeast Missouri nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $126,560 is substantial, it falls considerably short of the national average of $184,480. However, the cost of living being at the national average means the purchasing power is relatively stable.
Is Southeast Missouri nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southeast Missouri nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Missouri nonmetropolitan area?
Some top paying nearby cities include Jefferson City, MO ($124,840) and Columbia, MO.
What is the average salary for a Financial Manager in Southeast Missouri?
The average annual salary for a Financial Manager in the Southeast Missouri nonmetropolitan area is $126,560.
How does the Southeast Missouri salary compare to the national average?
The average salary in Southeast Missouri ($126,560) is notably lower than the national average of $184,480 for Financial Managers.
What is the Cost of Living in Southeast Missouri?
The Cost of Living Index in Southeast Missouri is 100, which is exactly the national average.
How concentrated is the Financial Manager job market in Southeast Missouri?
The job market is less concentrated than the national average, with a Location Quotient of 0.4, indicating fewer Financial Managers per capita compared to the rest of the country.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Southeast Missouri nonmetropolitan area area with a job density of 2.149 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 Southeast Missouri nonmetropolitan area