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Average Financial Managers Salary in Topeka, KS

Financial Managers in Topeka, KS earn an average annual salary of $152,650, which is notably below the national average of $184,480. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market.

Executive Summary

  • Average Salary: $152,650 per year.
  • Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $230,660.
  • Outlook: The job market for Financial Managers in Topeka, KS, while not as concentrated as the national average with a Location Quotient of 0.62, still supports a local workforce of 370 professionals. The presence of 3.277 jobs per 1,000 workers indicates a steady, albeit moderate, demand for these roles within the city's economic landscape.
2024 Market Data

Salary Overview

$152,650

The average Financial Managers in Topeka, KS earns-17.3%below the national average.

BreakdownBased on 40h/week
Hourly

$73.4

Weekly

$2,936

Monthly

$12,721

Financial Managers Salary Distribution in Topeka, KS

Salary progression for Financial Managers is significantly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive expertise and strategic oversight, can push earnings towards the higher percentiles. The widening gap between entry-level and senior salaries reflects the substantial value placed on accumulated knowledge and proven leadership in financial management.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$80,260$38.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$114,488$55
ManagerOversees team, compliance, and project delivery.50% (Median)$136,100$65.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$190,813$91.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$230,660$110.9

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$152,650

Gross Pay

Real Wage (Purchasing Power)

$152,650

Adjusted for COL (100)

With a Cost of Living Index of 100, Topeka, KS, is perfectly aligned with the national average. This means the nominal salary of $152,650 for Financial Managers offers a purchasing power equivalent to the national average, providing a stable financial footing for residents.

Job Market Context

370

Total Jobs

3.277

Per 1K Jobs

0.62

Location Quotient

Below Average

Topeka, KS 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.

The Location Quotient of 0.62 suggests that Financial Manager roles are less concentrated in Topeka, KS, compared to the national average. This indicates a less saturated market, which could present opportunities for skilled professionals, but also implies that the overall demand might be more localized and potentially tied to specific industries present in the region.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Lawrence, KS Financial Managers Salary$156,160↑ 2%24 mi
Manhattan, KS Financial Managers Salary$146,090↓ 4%50 mi
Kansas City, MO-KS Financial Managers Salary$160,140↑ 5%60 mi
Kansas nonmetropolitan area Financial Managers Salary$135,640↓ 11%66 mi
St. Joseph, MO-KS Financial Managers Salary$139,930↓ 8%68 mi

Comparing salaries near Topeka, KS

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Topeka, KS?

The median annual salary for a Financial Managers in Topeka, KS is $152,650. This typically ranges from $80,260 for entry-level positions to $230,660 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Topeka, KS is 17.3% lower than the national median of $184,480.

Is Topeka, KS a lucrative place for Financial Managers?

No, not compared to the national average.While Financial Managers in Topeka earn a substantial $152,650 annually, this figure falls short of the national average of $184,480. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.

Is Topeka, KS a good place to live for Financial Managers?

The Cost of Living Index in Topeka, KS is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Topeka, KS?

Some top paying nearby cities include Lawrence, KS ($156,160) and Manhattan, KS.

What is the average salary for a Financial Manager in Topeka, KS?

The average annual salary for a Financial Manager in Topeka, KS is $152,650.

How does Topeka's cost of living compare to the national average?

Topeka, KS has a Cost of Living Index of 100, which is exactly the national average.

Is the job market for Financial Managers strong in Topeka, KS?

The market is moderately supported, with 370 Financial Managers and 3.277 jobs per 1,000 workers, though the concentration (Location Quotient) is below the national average.

How does experience affect a Financial Manager's salary in Topeka?

Experience significantly impacts earnings, with senior-level positions commanding higher salaries than entry-level roles, reflecting increased responsibility and expertise.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Topeka, KS area with a job density of 3.277 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 Topeka, KS