Average Financial Managers Salary in Tyler, TX
Financial Managers in Tyler, Texas, earn an average annual salary of $146,960. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a different industry focus in Tyler contribute to this compensation level. Understanding these local factors is crucial for financial professionals in the region.
Executive Summary
- Average Salary: $146,960 per year.
- Growth Trend: Salaries have shifted 36.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $220,440.
- Outlook: The financial management sector in Tyler, TX, comprises a local workforce of 320 professionals. With a Location Quotient of 0.54, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas. The presence of 2.878 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Tyler, TX earns-20.3%below the national average.
$70.7
$2,826
$12,247
Financial Managers Salary Trends (2020-2024)
While specific historical data for Tyler, TX is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced consistent growth over the past four years, driven by inflation, increasing complexity of financial regulations, and demand for strategic financial planning. This upward trend is likely reflected to some degree in the Tyler market, though local economic factors may moderate the pace of salary increases.
Financial Managers Salary Distribution in Tyler, TX
Salary progression for Financial Managers in Tyler, TX, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior roles requiring extensive expertise, leadership, and a proven track record in strategic financial planning can earn substantially more. The widening gap between the lower and upper salary percentiles clearly signifies the career advancement opportunities and increased earning potential as professionals gain experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $74,430 | $35.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,220 | $53 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,970 | $61.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $183,700 | $88.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $220,440 | $106 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$146,960
Gross Pay
Real Wage (Purchasing Power)
$146,960
Adjusted for COL (100)
The average annual salary of $146,960 for Financial Managers in Tyler, TX, 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 Tyler is equivalent to that of a Financial Manager earning the national average in a location with average living costs. Therefore, the nominal salary effectively translates to a comparable standard of living from a cost perspective.
Job Market Context
320
Total Jobs
2.878
Per 1K Jobs
0.54
Location Quotient
Tyler, TX has 0.54x 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 0.54 for Financial Managers in Tyler, TX, indicates that the concentration of these professionals is less than half of the national average. This suggests that the job market for financial managers in Tyler is relatively less competitive compared to national benchmarks. While this might imply fewer opportunities overall, it could also mean that experienced professionals may find less direct competition for available roles.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Longview, TX Financial Managers Salary | $146,050↓ 1% | 35 mi |
| Shreveport-Bossier City, LA Financial Managers Salary | $126,340↓ 14% | 89 mi |
| Dallas-Fort Worth-Arlington, TX Financial Managers Salary | $174,630↑ 19% | 92 mi |
Comparing salaries near Tyler, TX
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Tyler, TX?
The median annual salary for a Financial Managers in Tyler, TX is $146,960. This typically ranges from $74,430 for entry-level positions to $220,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Tyler, TX is 20.3% lower than the national median of $184,480.
Is Tyler, TX a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $146,960 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 equivalent nationally.
Is Tyler, TX a good place to live for Financial Managers?
The Cost of Living Index in Tyler, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Tyler, TX?
Some top paying nearby cities include Longview, TX ($146,050) and Shreveport-Bossier City, LA.
How does the Tyler, TX Financial Manager salary compare to the national average?
The average salary for Financial Managers in Tyler, TX, is $146,960, which is approximately 20% lower than the national average of $184,480.
What is the Cost of Living in Tyler, TX for Financial Managers?
Tyler, TX, has a Cost of Living Index of 100, which is exactly the national average. This means that the cost of goods and services, including housing, is comparable to the national average.
How concentrated is the Financial Manager job market in Tyler, TX?
The concentration of Financial Managers in Tyler, TX, is below the national average, with a Location Quotient of 0.54. This indicates a less dense presence of these professionals compared to the rest of the country.
What is the total number of Financial Managers in Tyler, TX?
There are approximately 320 Financial Managers employed in Tyler, TX, representing a local workforce in this specialized field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Tyler, TX area with a job density of 2.878 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 Tyler, TX