Average Financial Specialists, All Other Salary in Springfield, MO
Financial Specialists, All Other in Springfield, MO, earn an average annual salary of $67,190. This figure is notably below the national average of $94,320, suggesting that local market dynamics and potentially a different industry focus in Springfield contribute to this compensation difference. While the nominal salary is lower, understanding the local economic landscape is key to evaluating its true value.
Executive Summary
- Average Salary: $67,190 per year.
- Growth Trend: Salaries have shifted 12.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,930.
- Outlook: With a total local workforce of 210 Financial Specialists, All Other, and a Location Quotient of 1.12, Springfield, MO, shows a slightly higher concentration of these professionals compared to the national average. This indicates a stable, albeit not booming, demand for these roles within the local economy. The presence of nearly one specialist per thousand workers suggests a consistent need for their expertise.
Salary Overview
The average Financial Specialists, All Other in Springfield, MO earns-28.8%below the national average.
$32.3
$1,292
$5,599
Financial Specialists, All Other Salary Trends (2020-2024)
While specific historical data for Springfield, MO, is not provided, it's reasonable to assume that salaries for Financial Specialists, All Other, have experienced a gradual upward trend over the past four years, mirroring national economic patterns. This growth is typically driven by inflation, increasing demand for financial expertise, and the evolving complexity of financial markets.
Financial Specialists, All Other Salary Distribution in Springfield, MO
The salary spectrum for Financial Specialists, All Other, in Springfield, MO, naturally widens with experience. Entry-level positions likely fall towards the lower percentiles of the $67,190 average, while seasoned professionals with specialized skills and a proven track record can command salaries significantly higher, potentially reaching the upper percentiles. These percentile gaps are a clear indicator of career progression and the value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,610 | $19.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,393 | $24.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,170 | $28.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $83,988 | $40.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,930 | $50.9 |
Detailed Financial Specialists, All Other Market Analysis
Relocation Context
Nominal Salary
$67,190
Gross Pay
Real Wage (Purchasing Power)
$67,190
Adjusted for COL (100)
The average annual salary of $67,190 in Springfield, MO, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Financial Specialist's salary in Springfield is equivalent to the national average, offering a stable financial environment where the nominal income translates directly to standard living expenses.
Job Market Context
210
Total Jobs
0.924
Per 1K Jobs
1.12
Location Quotient
With a location quotient of 1.12, Springfield, MO has a slightly higher-than-average concentration of Financial Specialists, All Other roles compared to the national norm.
A Location Quotient of 1.12 signifies that Springfield, MO, has a slightly higher concentration of Financial Specialists, All Other, than the national average. This suggests a moderately competitive market where the demand for these skills is present and slightly more pronounced than in a typical U.S. metropolitan area, offering potential opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Specialists, All Other
| City | Salary | Dist. |
|---|---|---|
| Joplin, MO-KS Financial Specialists, All Other Salary | $70,240↑ 5% | 67 mi |
| Fayetteville-Springdale-Rogers, AR Financial Specialists, All Other Salary | $51,540↓ 23% | 91 mi |
Comparing salaries near Springfield, MO
Hiring Financial Specialists, All Others?
Frequently Asked Questions
How much does a Financial Specialists, All Other make in Springfield, MO?
The median annual salary for a Financial Specialists, All Other in Springfield, MO is $67,190. This typically ranges from $40,610 for entry-level positions to $105,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MO is 28.8% lower than the national median of $94,320.
Is Springfield, MO a lucrative place for Financial Specialists, All Others?
No, not exceptionally lucrative compared to national averages.While the salary of $67,190 is competitive within Springfield's cost of living, it significantly trails the national average for Financial Specialists, All Other. The slightly above-average concentration indicates stable local demand but not necessarily premium compensation.
Is Springfield, MO a good place to live for Financial Specialists, All Others?
The Cost of Living Index in Springfield, MO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MO?
Some top paying nearby cities include Joplin, MO-KS ($70,240) and Fayetteville-Springdale-Rogers, AR.
How does Springfield's cost of living affect the Financial Specialist salary?
Springfield's cost of living index of 100 means the $67,190 salary has the same purchasing power as the national average, making it a fair compensation relative to local expenses.
What does a Location Quotient of 1.12 mean for job seekers?
A Location Quotient of 1.12 suggests a slightly higher concentration of Financial Specialists, All Other, in Springfield, indicating a stable job market with potentially good opportunities for those with relevant skills.
How does the total local workforce size impact job prospects?
With 210 Financial Specialists, All Other, the local workforce is relatively small, implying that while opportunities exist, the market might be less dynamic than in larger metropolitan areas.
Can experience significantly increase a Financial Specialist's salary in Springfield?
Yes, as in most fields, experience is a key driver of salary growth. Senior Financial Specialists in Springfield can expect to earn considerably more than the average, moving into higher salary percentiles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Springfield, MO area with a job density of 0.924 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 Specialists, All Other • Data source: BLS OEWS 2024 •Jobs in Springfield, MO