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Average Financial Managers Salary in Texas

Financial Managers in Texas earn an impressive average annual salary of $172,530. This figure is slightly below the national average of $184,480, a difference often influenced by regional economic factors and the specific industry demands within the state. Texas's robust economy and significant corporate presence contribute to a strong demand for financial expertise.

Executive Summary

  • Average Salary: $172,530 per year.
  • Growth Trend: Salaries have shifted 15.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $258,795.
  • Outlook: With a substantial local workforce of 67,580 Financial Managers, Texas demonstrates a significant concentration of these professionals. The Location Quotient of 0.92 indicates that the presence of Financial Managers in Texas is nearly on par with the national average, suggesting a stable and robust job market with consistent demand for skilled individuals in this field.
2024 Market Data

Salary Overview

$172,530

The average Financial Managers in Texas earns-6.5%below the national average.

BreakdownBased on 40h/week
Hourly

$83

Weekly

$3,318

Monthly

$14,378

Financial Managers Salary Distribution in Texas

The career path for Financial Managers typically involves significant salary progression based on experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise and leadership, will reach the higher end of the compensation spectrum. The percentile gaps in salary clearly signify the career advancement opportunities and increased earning potential as one gains more experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$85,140$40.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$129,398$62.2
ManagerOversees team, compliance, and project delivery.50% (Median)$160,350$77.1
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$215,663$103.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$258,795$124.4

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$172,530

Gross Pay

Real Wage (Purchasing Power)

$185,516

Adjusted for COL (93)

The average annual salary of $172,530 in Texas presents a favorable financial standing when considering the local Cost of Living Index of 93. This index, being below the national average of 100, means that the purchasing power of a Financial Manager's salary in Texas is effectively higher than the nominal amount suggests, allowing for a comfortable lifestyle.

Job Market Context

67,580

Total Jobs

4.88

Per 1K Jobs

0.92

Location Quotient

Below Average

Texas has 0.92x 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 0.92 for Financial Managers in Texas indicates a job market that is closely aligned with the national average in terms of professional concentration. This suggests a competitive yet accessible market, where opportunities are readily available for qualified professionals, without being overly saturated.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Killeen-Temple, TX Financial Managers Salary$148,410↓ 14%10 mi
Waco, TX Financial Managers Salary$140,940↓ 18%41 mi
Austin-Round Rock-San Marcos, TX Financial Managers Salary$187,040↑ 8%53 mi
College Station-Bryan, TX Financial Managers Salary$146,090↓ 15%82 mi

Comparing salaries near Texas

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Texas?

The median annual salary for a Financial Managers in Texas is $172,530. This typically ranges from $85,140 for entry-level positions to $258,795 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Texas is 6.5% lower than the national median of $184,480.

Is Texas a lucrative place for Financial Managers?

Yes, Texas offers a lucrative environment for Financial Managers.The substantial average salary of $172,530, combined with a cost of living below the national average, provides strong earning potential and purchasing power for Financial Managers in the state.

Is Texas a good place to live for Financial Managers?

With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Texas?

Some top paying nearby cities include Killeen-Temple, TX ($148,410) and Waco, TX.

How does the Texas Financial Manager salary compare to the national average?

The average annual salary for Financial Managers in Texas is $172,530, which is slightly lower than the national average of $184,480.

What is the concentration of Financial Managers in Texas?

Texas has a Location Quotient of 0.92 for Financial Managers, indicating a concentration that is very close to the national average.

How does the cost of living affect the Financial Manager salary in Texas?

With a Cost of Living Index of 93, Texas is more affordable than the national average, meaning the $172,530 salary offers greater purchasing power.

What is the total number of Financial Managers in Texas?

There are approximately 67,580 Financial Managers employed within the state of Texas.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 67,580 employees in the Texas area with a job density of 4.88 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Texas