Average Financial Managers Salary in Bakersfield-Delano, CA
Financial Managers in Bakersfield-Delano, CA earn an average annual salary of $160,180, which is notably below the national average of $184,480. This regional disparity in compensation is often influenced by a complex interplay of local economic factors, industry demand, and the specific business landscape within the Bakersfield-Delano metropolitan area.
Executive Summary
- Average Salary: $160,180 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,270.
- Outlook: The Bakersfield-Delano region supports a local workforce of 860 Financial Managers, indicating a stable, albeit not exceptionally concentrated, presence of these professionals. With a Location Quotient of 0.48, the concentration of Financial Managers is less than half the national average, suggesting that while opportunities exist, the market is not saturated, offering potential for dedicated professionals.
Salary Overview
The average Financial Managers in Bakersfield-Delano, CA earns-13.2%below the national average.
$77
$3,080
$13,348
Financial Managers Salary Trends (2020-2024)
While specific historical data for Bakersfield-Delano is not provided, it is generally assumed that the demand for skilled Financial Managers has seen consistent growth over the past four years, mirroring national trends. This sustained demand typically translates into upward pressure on salaries, reflecting the increasing complexity of financial operations and the critical role these professionals play in organizational success.
Financial Managers Salary Distribution in Bakersfield-Delano, CA
Salary progression for Financial Managers in Bakersfield-Delano, as elsewhere, is significantly tied to experience and demonstrated expertise. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience in strategic financial planning, risk management, and leadership can expect to earn substantially more, often reaching into the higher percentiles of the salary range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $79,880 | $38.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,135 | $57.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $142,890 | $68.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,225 | $96.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,270 | $115.5 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,180
Gross Pay
Real Wage (Purchasing Power)
$160,180
Adjusted for COL (100)
The average annual salary of $160,180 in Bakersfield-Delano, CA, 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 environment without the premium often associated with higher cost-of-living areas.
Job Market Context
860
Total Jobs
2.558
Per 1K Jobs
0.48
Location Quotient
At 0.48x, Bakersfield-Delano, CA has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.48 for Financial Managers in Bakersfield-Delano signifies that the profession is less concentrated here compared to the national average. This suggests that while the demand is present, the pool of available talent might be smaller, potentially creating a more competitive environment for employers seeking specialized skills and offering a favorable market for experienced candidates.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| North Coast Region of California nonmetropolitan area Financial Managers Salary | $146,510↓ 9% | 64 mi |
| North Valley-Northern Mountains Region of California nonmetropolitan area Financial Managers Salary | $143,320↓ 11% | 64 mi |
| Eastern Sierra-Mother Lode Region of California nonmetropolitan area Financial Managers Salary | $132,570↓ 17% | 64 mi |
| Visalia, CA Financial Managers Salary | $149,530↓ 7% | 69 mi |
| Hanford-Corcoran, CA Financial Managers Salary | $141,420↓ 12% | 76 mi |
Comparing salaries near Bakersfield-Delano, CA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Bakersfield-Delano, CA?
The median annual salary for a Financial Managers in Bakersfield-Delano, CA is $160,180. This typically ranges from $79,880 for entry-level positions to $240,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bakersfield-Delano, CA is 13.2% lower than the national median of $184,480.
Is Bakersfield-Delano, CA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While the average salary of $160,180 is substantial, it falls below the national average of $184,480. However, the cost of living being at the national average mitigates this difference in purchasing power.
Is Bakersfield-Delano, CA a good place to live for Financial Managers?
The Cost of Living Index in Bakersfield-Delano, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bakersfield-Delano, CA?
Some top paying nearby cities include North Coast Region of California nonmetropolitan area ($146,510) and North Valley-Northern Mountains Region of California nonmetropolitan area.
How does the local workforce size impact job prospects for Financial Managers in Bakersfield-Delano?
The local workforce of 860 Financial Managers indicates a steady presence of the profession, suggesting consistent opportunities, though perhaps not as numerous as in larger, more concentrated metropolitan areas.
What does a Location Quotient of 0.48 mean for Financial Managers in Bakersfield-Delano?
A Location Quotient below 1.0, like 0.48, means that Financial Managers are less concentrated in Bakersfield-Delano than the national average. This could imply fewer specialized roles but potentially less competition for available positions.
How does the Cost of Living in Bakersfield-Delano compare to the national average?
Bakersfield-Delano's Cost of Living Index is exactly 100, which is the national average. This means that the expenses for goods and services are on par with the rest of the country, making the nominal salary's purchasing power comparable nationally.
What are the typical career paths for Financial Managers in this region?
Career paths typically involve progressing from roles like Financial Analyst to Senior Financial Manager, Controller, or Director of Finance, with advancement dependent on experience, skill development, and performance within local businesses and industries.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 860 employees in the Bakersfield-Delano, CA area with a job density of 2.558 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 Bakersfield-Delano, CA