Average Financial Managers Salary in West Delta Mississippi nonmetropolitan area
Financial Managers in the West Delta Mississippi nonmetropolitan area earn an average annual salary of $123,820. This figure is notably lower than the national average of $184,480, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as local industry concentration and the overall economic output of the area contribute to this pay differential.
Executive Summary
- Average Salary: $123,820 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $186,640.
- Outlook: The job market for Financial Managers in the West Delta Mississippi nonmetropolitan area, with a total local workforce of 240, indicates a niche presence. The Location Quotient of 0.49 suggests that this role is less concentrated here compared to the national average, implying a potentially less robust demand or a smaller pool of specialized opportunities within this specific geographic area.
Salary Overview
The average Financial Managers in West Delta Mississippi nonmetropolitan area earns-32.9%below the national average.
$59.5
$2,381
$10,318
Financial Managers Salary Trends (2020-2024)
While specific historical data for the West Delta Mississippi nonmetropolitan area is not provided, it is generally assumed that salaries for Financial Managers nationwide have experienced steady growth over the past four years, driven by inflation, increasing complexity in financial operations, and a persistent demand for skilled professionals. This trend likely extends, to some degree, to this region, even if the rate of increase differs from national benchmarks.
Financial Managers Salary Distribution in West Delta Mississippi nonmetropolitan area
Salary progression for Financial Managers typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, demanding extensive expertise and strategic oversight, command substantially higher compensation. The percentile gaps in salary data clearly signify career progression, with experienced professionals occupying the higher earning brackets.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,080 | $29.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,865 | $44.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,490 | $52.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,775 | $74.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $186,640 | $89.7 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$123,820
Gross Pay
Real Wage (Purchasing Power)
$123,820
Adjusted for COL (100)
The nominal average salary of $123,820 in the West Delta Mississippi nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of this income is equivalent to the national average, suggesting that the cost of essential goods and services locally is comparable to the rest of the country.
Job Market Context
240
Total Jobs
2.586
Per 1K Jobs
0.49
Location Quotient
At 0.49x, West Delta Mississippi nonmetropolitan area has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.49, the West Delta Mississippi nonmetropolitan area exhibits a lower concentration of Financial Managers compared to the national average. This suggests that the job market for these professionals is less saturated, potentially offering fewer opportunities but also indicating less intense competition for available roles. It implies that while the demand may be moderate, the supply of specialized talent might also be limited.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Jackson, MS Financial Managers Salary | $132,100↑ 7% | 43 mi |
Comparing salaries near West Delta Mississippi nonmetropolitan area
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in West Delta Mississippi nonmetropolitan area?
The median annual salary for a Financial Managers in West Delta Mississippi nonmetropolitan area is $123,820. This typically ranges from $62,080 for entry-level positions to $186,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Delta Mississippi nonmetropolitan area is 32.9% lower than the national median of $184,480.
Is West Delta Mississippi nonmetropolitan area a lucrative place for Financial Managers?
No, not compared to the national average.While the average salary of $123,820 is substantial, it falls significantly below the national average of $184,480. However, the cost of living is also at the national average, meaning the lower salary has equivalent purchasing power locally.
Is West Delta Mississippi nonmetropolitan area a good place to live for Financial Managers?
The Cost of Living Index in West Delta Mississippi nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Delta Mississippi nonmetropolitan area?
Some top paying nearby cities include Jackson, MS ($132,100) and others.
What is the total number of Financial Managers in West Delta Mississippi nonmetropolitan area?
There are approximately 240 Financial Managers employed in the West Delta Mississippi nonmetropolitan area.
How does the concentration of Financial Managers in West Delta Mississippi compare nationally?
The concentration, measured by the Location Quotient, is 0.49, which is less than half the national average, indicating a lower presence of these professionals in the region.
What is the job availability like for Financial Managers in this area?
With 2.586 jobs per 1,000 workers, the availability is moderate, reflecting the niche nature of the role in this nonmetropolitan setting.
Does experience significantly impact a Financial Manager's salary in West Delta Mississippi?
Yes, as with national trends, experience plays a crucial role, with senior Financial Managers commanding significantly higher salaries than entry-level professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the West Delta Mississippi nonmetropolitan area area with a job density of 2.586 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 Delta Mississippi nonmetropolitan area