Average Financial Managers Salary in Chico, CA
Financial Managers in Chico, CA earn an average annual salary of $143,000, which is notably below the national average of $184,480. This disparity is often influenced by the specific economic landscape and industry demands within a particular region, as Chico's market may present different opportunities and compensation structures compared to larger metropolitan areas.
Executive Summary
- Average Salary: $143,000 per year.
- Growth Trend: Salaries have shifted 23.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $229,290.
- Outlook: With a local workforce of 250 Financial Managers and a Location Quotient of 0.6, Chico, CA, indicates a less concentrated presence of this profession compared to the national average. While the absolute number of professionals is modest, the jobs per 1,000 workers suggests a consistent, albeit not dominant, demand for financial management expertise within the local economy.
Salary Overview
The average Financial Managers in Chico, CA earns-22.5%below the national average.
$68.8
$2,750
$11,917
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Chico, CA, have experienced a gradual upward trend over the past four years, mirroring national patterns of salary growth driven by inflation, increased demand for financial expertise, and evolving industry standards.
Financial Managers Salary Distribution in Chico, CA
The career trajectory for Financial Managers in Chico, CA, typically involves significant salary progression based on experience. Entry-level positions might start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles, reflecting a clear career ladder and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,790 | $36.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $107,250 | $51.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $124,430 | $59.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $178,750 | $85.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $229,290 | $110.2 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$143,000
Gross Pay
Real Wage (Purchasing Power)
$143,000
Adjusted for COL (100)
A nominal salary of $143,000 in Chico, CA, aligns precisely with the national average cost of living (index of 100). This means that the purchasing power of a Financial Manager's salary in Chico is comparable to that of their counterparts in the average U.S. location, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
250
Total Jobs
3.181
Per 1K Jobs
0.6
Location Quotient
Chico, CA has 0.60x 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 0.6 for Financial Managers in Chico, CA, signifies that the concentration of these professionals is lower than the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled individuals, but also indicating that the demand might not be as robust as in areas with a higher concentration of financial services.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Yuba City, CA Financial Managers Salary | $149,990↑ 5% | 44 mi |
| Redding, CA Financial Managers Salary | $145,440↑ 2% | 63 mi |
| Sacramento-Roseville-Folsom, CA Financial Managers Salary | $170,890↑ 20% | 84 mi |
Comparing salaries near Chico, CA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Chico, CA?
The median annual salary for a Financial Managers in Chico, CA is $143,000. This typically ranges from $76,790 for entry-level positions to $229,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chico, CA is 22.5% lower than the national median of $184,480.
Is Chico, CA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While $143,000 is a substantial salary, it falls significantly short of the national average for Financial Managers. The cost of living being at the national average means the lower nominal salary translates to less purchasing power relative to national benchmarks.
Is Chico, CA a good place to live for Financial Managers?
The Cost of Living Index in Chico, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chico, CA?
Some top paying nearby cities include Yuba City, CA ($149,990) and Redding, CA.
How does Chico's Financial Manager salary compare to the national average?
The average salary for Financial Managers in Chico, CA, is $143,000, which is approximately $41,480 less than the national average of $184,480.
What is the cost of living in Chico, CA, for Financial Managers?
Chico, CA, has a cost of living index of 100, which is exactly the national average, meaning expenses for housing, goods, and services are comparable to the typical U.S. city.
How concentrated is the Financial Manager job market in Chico, CA?
The job market for Financial Managers in Chico is less concentrated than the national average, with a Location Quotient of 0.6, indicating fewer professionals per capita relative to the rest of the country.
What does the number of Financial Managers in Chico, CA, indicate?
With a total local workforce of 250 Financial Managers, Chico has a modest number of professionals in this field, suggesting a stable but not overly competitive local job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Chico, CA area with a job density of 3.181 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 Chico, CA