Average Financial Managers Salary in Wichita, KS
Financial Managers in Wichita, KS earn an average annual salary of $156,830, which is notably below the national average of $184,480. This disparity can often be attributed to regional economic factors, industry concentration, and the overall demand for specialized financial expertise within the local market.
Executive Summary
- Average Salary: $156,830 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,245.
- Outlook: Wichita, KS supports a local workforce of 930 Financial Managers. With a Location Quotient of 0.57, the concentration of these roles is below the national average, suggesting a market that is not oversaturated but may have fewer specialized opportunities compared to larger metropolitan areas. The presence of 3.021 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for financial management professionals.
Salary Overview
The average Financial Managers in Wichita, KS earns-15.0%below the national average.
$75.4
$3,016
$13,069
Financial Managers Salary Trends (2020-2024)
While specific historical data for Wichita is not provided, it is reasonable to assume that Financial Manager salaries in the region have experienced growth over the past four years, mirroring national trends. Economic recovery, evolving business needs, and inflation typically drive upward adjustments in compensation for skilled professionals in finance.
Financial Managers Salary Distribution in Wichita, KS
The career trajectory for Financial Managers in Wichita, KS, like elsewhere, involves significant salary progression based on experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and strategic responsibilities can reach the higher percentiles. The gap between entry-level and senior compensation highlights the value placed on accumulated expertise and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $93,110 | $44.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,623 | $56.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $142,400 | $68.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,038 | $94.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,245 | $113.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,830
Gross Pay
Real Wage (Purchasing Power)
$156,830
Adjusted for COL (100)
With a Cost of Living Index of 100, Wichita, KS is perfectly aligned with the national average. This means the nominal salary of $156,830 for Financial Managers offers a purchasing power equivalent to the national average. Consequently, the salary provides a standard of living comparable to the typical American city, without the added financial strain of a high cost of living.
Job Market Context
930
Total Jobs
3.021
Per 1K Jobs
0.57
Location Quotient
Wichita, KS has 0.57x 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 0.57 for Financial Managers in Wichita, KS indicates that the profession is less concentrated locally than the national average. This suggests that while opportunities exist, the market may be less competitive in terms of the sheer number of available professionals. Companies seeking specialized financial talent might find a more accessible pool of candidates compared to highly concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Kansas nonmetropolitan area Financial Managers Salary | $135,640↓ 14% | 67 mi |
| Enid, OK Financial Managers Salary | $130,870↓ 17% | 93 mi |
Comparing salaries near Wichita, KS
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Wichita, KS?
The median annual salary for a Financial Managers in Wichita, KS is $156,830. This typically ranges from $93,110 for entry-level positions to $235,245 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Wichita, KS is 15.0% lower than the national median of $184,480.
Is Wichita, KS a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While Financial Managers in Wichita earn a solid $156,830, this figure falls 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 standard.
Is Wichita, KS a good place to live for Financial Managers?
The Cost of Living Index in Wichita, KS is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Wichita, KS?
Some top paying nearby cities include Kansas nonmetropolitan area ($135,640) and Enid, OK.
How does Wichita's cost of living affect Financial Manager salaries?
Wichita's Cost of Living Index is exactly 100, meaning it matches the national average. Therefore, the average salary of $156,830 for Financial Managers provides a standard purchasing power, neither significantly enhanced nor diminished by local living expenses.
What is the concentration of Financial Managers in Wichita, KS?
The Location Quotient of 0.57 signifies that Financial Managers are less concentrated in Wichita, KS, compared to the national average. This suggests a less competitive market for these professionals relative to the overall workforce.
How many Financial Managers are there in Wichita, KS?
Wichita, KS has a local workforce of 930 Financial Managers, representing 3.021 jobs per 1,000 workers in the area.
Is the demand for Financial Managers high in Wichita, KS?
With 3.021 jobs per 1,000 workers, the demand for Financial Managers in Wichita, KS is moderate. The below-average Location Quotient suggests that while opportunities exist, the market is not as saturated as in national hubs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 930 employees in the Wichita, KS area with a job density of 3.021 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 Wichita, KS