Average Financial Managers Salary in Tuscaloosa, AL
Financial Managers in Tuscaloosa, AL, can expect an average annual salary of $141,550. This figure is notably below the national average of $184,480, reflecting the specific economic landscape and demand within the Tuscaloosa metropolitan area. Local industry needs and the overall economic structure of Alabama contribute to this localized compensation benchmark.
Executive Summary
- Average Salary: $141,550 per year.
- Growth Trend: Salaries have shifted 1.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $218,750.
- Outlook: With a total local workforce of 220 Financial Managers, Tuscaloosa presents a niche market for this profession. The Location Quotient of 0.39 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, they are not as abundant as in larger economic hubs. The presence of 2.054 jobs per 1,000 workers signifies a steady, albeit specialized, demand within the region.
Salary Overview
The average Financial Managers in Tuscaloosa, AL earns-23.3%below the national average.
$68.1
$2,722
$11,796
Financial Managers Salary Trends (2020-2024)
While specific historical data for Tuscaloosa's Financial Manager salaries is not provided, it is reasonable to assume a general upward trend in compensation over the past four years, mirroring national economic patterns. Factors such as inflation, increased demand for financial expertise, and evolving industry standards likely contribute to salary growth, even in a localized market.
Financial Managers Salary Distribution in Tuscaloosa, AL
Salary progression for Financial Managers in Tuscaloosa, as elsewhere, is strongly tied to experience. Entry-level positions typically command lower salaries, while senior roles with extensive experience and proven track records can significantly exceed the average. The percentile gaps between junior and senior roles highlight the substantial career growth and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $83,580 | $40.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $106,163 | $51 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $126,820 | $61 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $176,938 | $85.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $218,750 | $105.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$141,550
Gross Pay
Real Wage (Purchasing Power)
$141,550
Adjusted for COL (100)
The average nominal salary of $141,550 in Tuscaloosa 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 Tuscaloosa is equivalent to the national average, offering a stable financial environment without the added pressure of higher living expenses.
Job Market Context
220
Total Jobs
2.054
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Tuscaloosa, AL has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.39 for Financial Managers in Tuscaloosa suggests that this profession is less concentrated locally than the national average. This could indicate a market with fewer specialized roles or a greater reliance on external talent for certain financial functions. While not a high-demand hub, the existing roles suggest a stable, albeit less competitive, job market for experienced professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Birmingham, AL Financial Managers Salary | $169,970↑ 20% | 47 mi |
| Northeast Alabama nonmetropolitan area Financial Managers Salary | $137,250↓ 3% | 52 mi |
| Southeast Alabama nonmetropolitan area Financial Managers Salary | $138,830↓ 2% | 52 mi |
| Northwest Alabama nonmetropolitan area Financial Managers Salary | $118,330↓ 16% | 52 mi |
| Southwest Alabama nonmetropolitan area Financial Managers Salary | $114,680↓ 19% | 52 mi |
Comparing salaries near Tuscaloosa, AL
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Tuscaloosa, AL?
The median annual salary for a Financial Managers in Tuscaloosa, AL is $141,550. This typically ranges from $83,580 for entry-level positions to $218,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tuscaloosa, AL is 23.3% lower than the national median of $184,480.
Is Tuscaloosa, AL a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $141,550 is substantial, it falls significantly short of the national average of $184,480. However, the cost of living being at the national average provides some balance.
Is Tuscaloosa, AL a good place to live for Financial Managers?
The Cost of Living Index in Tuscaloosa, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tuscaloosa, AL?
Some top paying nearby cities include Birmingham, AL ($169,970) and Northeast Alabama nonmetropolitan area.
How does Tuscaloosa's Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Tuscaloosa, AL, is $141,550, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in Tuscaloosa?
Tuscaloosa has a lower concentration of Financial Managers compared to the national average, indicated by a Location Quotient of 0.39.
How does the cost of living affect the salary in Tuscaloosa?
The cost of living in Tuscaloosa is at the national average (100), meaning the $141,550 salary offers purchasing power equivalent to the national average.
What does the job market look like for Financial Managers in Tuscaloosa?
The job market is specialized, with 220 Financial Managers locally and 2.054 jobs per 1,000 workers, indicating a steady but not expansive demand.
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 Tuscaloosa, AL area with a job density of 2.054 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 Tuscaloosa, AL