Average Financial Managers Salary in Terre Haute, IN
Financial Managers in Terre Haute, IN, command an average annual salary of $130,530. This figure is notably below the national average of $184,480, indicating that local market dynamics and potentially a smaller scale of operations influence compensation in this region. The specific economic landscape and demand within Terre Haute shape the earning potential for these crucial finance professionals.
Executive Summary
- Average Salary: $130,530 per year.
- Growth Trend: Salaries have shifted 67.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,200.
- Outlook: With a total local workforce of 200 Financial Managers, Terre Haute presents a modest but stable job market for this profession. The Location Quotient of 0.57 suggests that while Financial Managers are present, the concentration is below the national average, implying a potentially less saturated but also less intensely specialized market compared to larger metropolitan areas.
Salary Overview
The average Financial Managers in Terre Haute, IN earns-29.2%below the national average.
$62.8
$2,510
$10,878
Financial Managers Salary Trends (2020-2024)
While specific historical data for Terre Haute is not provided, it is reasonable to assume that salaries for Financial Managers have experienced a gradual upward trend over the past four years, mirroring national patterns. Economic growth, inflation, and increasing demand for sophisticated financial oversight typically drive incremental salary increases for experienced professionals in this field.
Financial Managers Salary Distribution in Terre Haute, IN
The salary trajectory for Financial Managers in Terre Haute, as elsewhere, typically scales significantly with experience. Entry-level positions might start considerably lower than the average, while senior roles, particularly those with extensive responsibilities or in larger organizations, can command salaries well above the $130,530 mark. The percentile gaps in earnings underscore the substantial career progression and increased earning potential available through dedicated experience and skill development.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,370 | $33.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $97,898 | $47.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $122,960 | $59.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $163,163 | $78.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,200 | $97.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$130,530
Gross Pay
Real Wage (Purchasing Power)
$130,530
Adjusted for COL (100)
The average annual salary of $130,530 in Terre Haute, IN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary earned by Financial Managers in Terre Haute holds its purchasing power directly in line with the rest of the country, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
200
Total Jobs
3.022
Per 1K Jobs
0.57
Location Quotient
Terre Haute, IN has 0.57x 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 0.57 for Financial Managers in Terre Haute indicates that the profession is less concentrated locally than the national average. This suggests that while opportunities exist, the market is not saturated, potentially offering a good balance for professionals seeking roles without intense competition. The lower concentration might also imply fewer specialized or high-level positions compared to national hubs.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IN Financial Managers Salary | $145,130↑ 11% | 50 mi |
| Northern Indiana nonmetropolitan area Financial Managers Salary | $119,520↓ 8% | 65 mi |
| Southern Indiana nonmetropolitan area Financial Managers Salary | $123,280↓ 6% | 65 mi |
| Central Indiana nonmetropolitan area Financial Managers Salary | $137,860↑ 6% | 65 mi |
| Champaign-Urbana, IL Financial Managers Salary | $135,120↑ 4% | 65 mi |
Comparing salaries near Terre Haute, IN
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Terre Haute, IN?
The median annual salary for a Financial Managers in Terre Haute, IN is $130,530. This typically ranges from $70,370 for entry-level positions to $202,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Terre Haute, IN is 29.2% lower than the national median of $184,480.
Is Terre Haute, IN a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $130,530 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living is also at the national average, meaning the purchasing power of the salary is standard.
Is Terre Haute, IN a good place to live for Financial Managers?
The Cost of Living Index in Terre Haute, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Terre Haute, IN?
Some top paying nearby cities include Bloomington, IN ($145,130) and Northern Indiana nonmetropolitan area.
How does the Terre Haute Financial Manager salary compare to the national average?
The average salary for Financial Managers in Terre Haute, IN is $130,530, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in Terre Haute, IN?
The concentration, measured by the Location Quotient, is 0.57, indicating that Financial Managers are less prevalent in Terre Haute compared to the national average.
How does the cost of living in Terre Haute affect the Financial Manager salary?
Terre Haute's Cost of Living Index is 100, matching the national average. This means the $130,530 salary has the same purchasing power as the national average salary in a typical US location.
What is the total number of Financial Managers in Terre Haute, IN?
There are approximately 200 Financial Managers employed in Terre Haute, IN, representing a small but established segment of the local workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Terre Haute, IN area with a job density of 3.022 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 Terre Haute, IN