Average Financial Managers Salary in Southwest Louisiana nonmetropolitan area
Financial Managers in Southwest Louisiana's nonmetropolitan area earn an average annual salary of $134,070. This figure is notably lower than the national average of $184,480, reflecting the unique economic landscape and demand specific to this region. Factors such as industry concentration and the overall economic activity within nonmetropolitan areas typically influence these localized pay scales.
Executive Summary
- Average Salary: $134,070 per year.
- Growth Trend: Salaries have shifted 26.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $199,990.
- Outlook: The job market for Financial Managers in Southwest Louisiana's nonmetropolitan area, with a total local workforce of 220, indicates a niche presence. The Location Quotient of 0.51 suggests that this profession is less concentrated here compared to the national average, implying a potentially stable but not rapidly expanding demand. The number of jobs per 1,000 workers at 2.724 further supports the idea of a specialized, rather than broadly prevalent, employment landscape.
Salary Overview
The average Financial Managers in Southwest Louisiana nonmetropolitan area earns-27.3%below the national average.
$64.5
$2,578
$11,173
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers across the nation have experienced a steady upward trend over the past four years, driven by inflation, increasing complexity of financial regulations, and a growing need for strategic financial oversight. This general growth likely extends, albeit potentially at a different pace, to the Southwest Louisiana nonmetropolitan area.
Financial Managers Salary Distribution in Southwest Louisiana nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, requiring extensive expertise and strategic decision-making capabilities, command substantially higher compensation. The percentile gaps in salary distribution clearly signify career progression, with experienced professionals occupying the higher earning brackets, reflecting their accumulated knowledge and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,820 | $36 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $100,553 | $48.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $117,790 | $56.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $167,588 | $80.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $199,990 | $96.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$134,070
Gross Pay
Real Wage (Purchasing Power)
$134,070
Adjusted for COL (100)
The average annual salary of $134,070 in Southwest Louisiana's nonmetropolitan area 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 balanced financial environment where the nominal income translates directly to standard living expenses.
Job Market Context
220
Total Jobs
2.724
Per 1K Jobs
0.51
Location Quotient
Southwest Louisiana nonmetropolitan area 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.
With a Location Quotient of 0.51, the market for Financial Managers in Southwest Louisiana's nonmetropolitan area is less concentrated than the national average. This suggests that while there is a demand for these professionals, the job market is not saturated, potentially offering good opportunities for skilled individuals. The lower concentration indicates that employers may need to actively recruit to fill these specialized roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Financial Managers Salary | $118,610↓ 12% | 37 mi |
| Baton Rouge, LA Financial Managers Salary | $132,430↓ 1% | 67 mi |
| Lafayette, LA Financial Managers Salary | $120,130↓ 10% | 67 mi |
| Monroe, LA Financial Managers Salary | $119,170↓ 11% | 94 mi |
| Hammond, LA Financial Managers Salary | $129,270↓ 4% | 95 mi |
Comparing salaries near Southwest Louisiana nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Southwest Louisiana nonmetropolitan area?
The median annual salary for a Financial Managers in Southwest Louisiana nonmetropolitan area is $134,070. This typically ranges from $74,820 for entry-level positions to $199,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Louisiana nonmetropolitan area is 27.3% lower than the national median of $184,480.
Is Southwest Louisiana nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.While the average salary of $134,070 is substantial, it falls below the national average of $184,480. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Southwest Louisiana nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Southwest Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($118,610) and Baton Rouge, LA.
How does the local workforce size affect Financial Manager jobs?
The local workforce size of 220 for Financial Managers indicates a relatively small and specialized job market within Southwest Louisiana's nonmetropolitan area, suggesting fewer overall opportunities compared to larger metropolitan regions.
What does a Location Quotient of 0.51 mean for Financial Managers?
A Location Quotient of 0.51 signifies that Financial Managers are less concentrated in Southwest Louisiana nonmetropolitan area than the national average, implying a potentially less competitive job market but also a smaller overall demand.
How does the cost of living compare for Financial Managers in this region?
The cost of living index is 100, which is the national average. This means that the $134,070 salary in Southwest Louisiana nonmetropolitan area offers a purchasing power equivalent to the national average.
What is the job density for Financial Managers in this area?
There are approximately 2.724 jobs per 1,000 workers for Financial Managers in Southwest Louisiana's nonmetropolitan area, indicating a moderate level of job availability relative to the total workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Southwest Louisiana nonmetropolitan area area with a job density of 2.724 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 Southwest Louisiana nonmetropolitan area