Average Financial Managers Salary in Upper East Mississippi nonmetropolitan area
Financial Managers in the Upper East Mississippi nonmetropolitan area earn an average annual salary of $121,010. This figure is notably below the national average of $184,480, reflecting regional economic factors and a different market dynamic. The specific pay scale in this area is influenced by the local demand for financial expertise and the overall economic landscape of the region.
Executive Summary
- Average Salary: $121,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $195,690.
- Outlook: The job market for Financial Managers in Upper East Mississippi, with a total local workforce of 640, presents a moderate concentration, indicated by a Location Quotient of 0.56. While not a hub of high demand compared to national averages, the presence of nearly 3 Financial Manager jobs per 1,000 workers suggests a steady, albeit specialized, need for these professionals within the local economy.
Salary Overview
The average Financial Managers in Upper East Mississippi nonmetropolitan area earns-34.4%below the national average.
$58.2
$2,327
$10,084
Financial Managers Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Financial Managers in Upper East Mississippi have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving business needs likely contribute to incremental increases in compensation for experienced professionals in this role.
Financial Managers Salary Distribution in Upper East Mississippi nonmetropolitan area
Salary progression for Financial Managers typically scales with experience. Entry-level positions may start at a lower percentile, while senior roles with extensive experience and proven track records command higher salaries. The percentile gaps observed in salary distributions signify clear career progression pathways and the increasing value placed on seasoned financial leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,160 | $25.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $90,758 | $43.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $109,800 | $52.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $151,263 | $72.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $195,690 | $94.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$121,010
Gross Pay
Real Wage (Purchasing Power)
$121,010
Adjusted for COL (100)
With a Cost of Living Index of 100, the Upper East Mississippi nonmetropolitan area is perfectly aligned with the national average. This means the nominal salary of $121,010 offers purchasing power equivalent to the national median, making it a stable financial environment for Financial Managers relative to their peers across the country.
Job Market Context
640
Total Jobs
2.975
Per 1K Jobs
0.56
Location Quotient
Upper East Mississippi nonmetropolitan area has 0.56x 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 0.56 indicates that Financial Managers are less concentrated in Upper East Mississippi compared to the national average. This suggests a less competitive market with potentially fewer specialized opportunities, but also implies that professionals in this field may hold a more distinct and valued position within the local business community.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Financial Managers Salary | $132,100↑ 9% | 43 mi |
Comparing salaries near Upper East Mississippi nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Upper East Mississippi nonmetropolitan area?
The median annual salary for a Financial Managers in Upper East Mississippi nonmetropolitan area is $121,010. This typically ranges from $53,160 for entry-level positions to $195,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper East Mississippi nonmetropolitan area is 34.4% lower than the national median of $184,480.
Is Upper East Mississippi nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.The average salary of $121,010 is significantly lower than the national average of $184,480. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Upper East Mississippi nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in Upper East Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper East Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($132,100) and others.
How does the local workforce size affect Financial Manager jobs?
A local workforce of 640 suggests a smaller overall employment base, which can influence the number and type of specialized roles like Financial Manager that are available.
What does a Location Quotient of 0.56 mean for Financial Managers?
A Location Quotient below 1.0, like 0.56, indicates that Financial Managers are less concentrated in this region than the national average, suggesting fewer job openings relative to the national scale.
How does the cost of living impact the $121,010 salary?
Since the Cost of Living Index is 100 (national average), the $121,010 salary provides a purchasing power equivalent to the national median, making it relatively stable in terms of affordability.
Are there many Financial Manager jobs per 1,000 workers in this area?
With 2.975 jobs per 1,000 workers, there is a moderate presence of Financial Manager roles, indicating a consistent demand within the local economic structure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 640 employees in the Upper East Mississippi nonmetropolitan area area with a job density of 2.975 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 Upper East Mississippi nonmetropolitan area