Average Financial Managers Salary in West Arkansas nonmetropolitan area
Financial Managers in the West Arkansas nonmetropolitan area earn an average annual salary of $104,860. This figure is notably lower than the national average of $184,480, reflecting the economic landscape and specific industry demands of this region. Factors such as the concentration of businesses and the overall economic output of nonmetropolitan areas often contribute to these localized salary differences.
Executive Summary
- Average Salary: $104,860 per year.
- Growth Trend: Salaries have shifted 54.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,830.
- Outlook: The job market for Financial Managers in West Arkansas, with a total local workforce of 350, indicates a stable, albeit specialized, demand. The Location Quotient of 0.76 suggests that while the profession is present, it is less concentrated than the national average, implying a moderate level of opportunity for skilled professionals within this specific geographic area.
Salary Overview
The average Financial Managers in West Arkansas nonmetropolitan area earns-43.2%below the national average.
$50.4
$2,017
$8,738
Financial Managers Salary Trends (2020-2024)
While specific historical data for West Arkansas is not provided, it is generally assumed that salaries for Financial Managers across the nation, including nonmetropolitan areas, have experienced steady growth over the past four years. This trend is driven by increasing financial complexity, evolving regulatory environments, and the persistent need for expert financial oversight in businesses of all sizes.
Financial Managers Salary Distribution in West Arkansas nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in salary distributions clearly signify the career trajectory and earning potential as one moves from junior to senior financial management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,830 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,645 | $37.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,640 | $41.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $131,075 | $63 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,830 | $83.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$104,860
Gross Pay
Real Wage (Purchasing Power)
$104,860
Adjusted for COL (100)
The nominal average annual salary of $104,860 in West Arkansas 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 this region is equivalent to the national average, offering a stable financial standing relative to the cost of essential goods and services.
Job Market Context
350
Total Jobs
4.018
Per 1K Jobs
0.76
Location Quotient
West Arkansas nonmetropolitan area has 0.76x 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.
With a Location Quotient of 0.76, the West Arkansas nonmetropolitan area shows a slightly lower concentration of Financial Managers compared to the national average. This suggests that while the profession is established, the job market may be less saturated, potentially offering good opportunities for qualified candidates who are looking to enter or advance within this specific regional economy.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Financial Managers Salary | $126,170↑ 20% | 17 mi |
| Hot Springs, AR Financial Managers Salary | $105,020↑ 0% | 51 mi |
Comparing salaries near West Arkansas nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in West Arkansas nonmetropolitan area?
The median annual salary for a Financial Managers in West Arkansas nonmetropolitan area is $104,860. This typically ranges from $50,830 for entry-level positions to $173,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Arkansas nonmetropolitan area is 43.2% lower than the national median of $184,480.
Is West Arkansas nonmetropolitan area a lucrative place for Financial Managers?
No, it is not as lucrative as the national average.Financial Managers in West Arkansas earn significantly less than the national average, though their salary aligns with the national cost of living. The lower concentration of these roles suggests a less robust market compared to national benchmarks.
Is West Arkansas nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in West Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($126,170) and Hot Springs, AR.
How does the West Arkansas salary compare to the national average?
The average annual salary for Financial Managers in West Arkansas is $104,860, which is considerably lower than the national average of $184,480.
What is the concentration of Financial Managers in West Arkansas?
The concentration, measured by the Location Quotient, is 0.76, indicating that Financial Managers are less prevalent in West Arkansas compared to the national average.
How does the cost of living in West Arkansas affect salary perception?
The Cost of Living Index in West Arkansas is 100, which is the national average. Therefore, the nominal salary of $104,860 provides purchasing power equivalent to the national average.
What is the total number of Financial Managers in West Arkansas?
There are approximately 350 Financial Managers employed in the West Arkansas nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the West Arkansas nonmetropolitan area area with a job density of 4.018 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 West Arkansas nonmetropolitan area