Average Financial Managers Salary in Springfield, MO
Financial Managers in Springfield, MO, can expect an average annual salary of $136,430. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower demand for highly specialized financial roles influence compensation in this region. The cost of living in Springfield, however, aligns perfectly with the national average, making the nominal salary's purchasing power a key consideration.
Executive Summary
- Average Salary: $136,430 per year.
- Growth Trend: Salaries have shifted 23.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,410.
- Outlook: With a local workforce of 740 Financial Managers and a Location Quotient of 0.62, Springfield, MO, presents a market with a concentration of these professionals below the national average. While the total workforce size indicates a stable presence, the below-average LQ suggests that opportunities might be less abundant compared to more concentrated metropolitan areas, implying a moderately competitive job market for financial leadership roles.
Salary Overview
The average Financial Managers in Springfield, MO earns-26.0%below the national average.
$65.6
$2,624
$11,369
Financial Managers Salary Trends (2020-2024)
While specific historical data for Springfield, MO is not provided, it's reasonable to assume that the financial management sector, like most professional fields, has experienced steady salary growth over the past four years. Economic shifts, inflation, and increasing demand for sophisticated financial oversight likely contributed to an upward trend in compensation, even if the pace of growth may differ from national benchmarks.
Financial Managers Salary Distribution in Springfield, MO
The career trajectory for Financial Managers in Springfield, MO, typically involves significant salary progression with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting increased responsibility and strategic impact. The gap between entry-level and senior roles signifies substantial earning potential and career advancement within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $68,390 | $32.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $102,323 | $49.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,380 | $59.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $170,538 | $82 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $210,410 | $101.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$136,430
Gross Pay
Real Wage (Purchasing Power)
$136,430
Adjusted for COL (100)
The average annual salary of $136,430 in Springfield, MO, is directly comparable to the national average cost of living index of 100. This means that the purchasing power of a Financial Manager's salary in Springfield is effectively on par with the national average, offering a stable financial standing relative to the rest of the country. While the nominal salary is lower than the national average, the equivalent cost of living ensures that the real value of the income is maintained.
Job Market Context
740
Total Jobs
3.316
Per 1K Jobs
0.62
Location Quotient
Springfield, MO has 0.62x 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 0.62 indicates that Financial Managers are less concentrated in Springfield, MO, than the national average. This suggests that while the profession is present, it is not a primary hub for financial management talent. Consequently, employers may face a smaller pool of highly specialized candidates, potentially leading to competitive recruitment for senior roles, while the overall market might be less saturated than in areas with higher LQs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Financial Managers Salary | $132,240↓ 3% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Financial Managers Salary | $162,720↑ 19% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Springfield, MO?
The median annual salary for a Financial Managers in Springfield, MO is $136,430. This typically ranges from $68,390 for entry-level positions to $210,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 26.0% lower than the national median of $184,480.
Is Springfield, MO a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to national averages.While the average salary of $136,430 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average means the salary's purchasing power is maintained.
Is Springfield, MO a good place to live for Financial Managers?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($132,240) and Fayetteville-Springdale-Rogers, AR.
How does the Springfield, MO Financial Manager salary compare to the national average?
The average salary for Financial Managers in Springfield, MO, is $136,430, which is considerably lower than the national average of $184,480.
What is the cost of living in Springfield, MO for Financial Managers?
The cost of living in Springfield, MO, is exactly at the national average, indicated by an index of 100.
How concentrated is the Financial Manager job market in Springfield, MO?
The concentration of Financial Managers in Springfield, MO, is below the national average, with a Location Quotient of 0.62, suggesting a less dense professional presence.
What is the total number of Financial Managers in Springfield, MO?
There are approximately 740 Financial Managers employed in the Springfield, MO area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Springfield, MO area with a job density of 3.316 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 Springfield, MO