Average Financial Managers Salary in Merced, CA
Financial Managers in Merced, CA, earn an average annual salary of $156,540. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower demand for highly specialized financial roles influence compensation in this region. The specific economic landscape of Merced shapes the earning potential for these critical finance professionals.
Executive Summary
- Average Salary: $156,540 per year.
- Growth Trend: Salaries have shifted 12.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $234,810.
- Outlook: The financial management sector in Merced, CA, exhibits a modest presence, with a total local workforce of 210 professionals. The Location Quotient (LQ) of 0.49 indicates that financial management roles are less concentrated in Merced compared to the national average. While the absolute number of jobs per 1,000 workers (2.621) provides a baseline, the lower LQ suggests that the demand, while present, is not a dominant feature of the local employment market.
Salary Overview
The average Financial Managers in Merced, CA earns-15.1%below the national average.
$75.3
$3,010
$13,045
Financial Managers Salary Trends (2020-2024)
While specific historical data for Merced is not provided, it is reasonable to assume that financial management salaries in the region have experienced growth over the past four years, mirroring national trends. Economic fluctuations, inflation, and evolving industry demands typically drive salary increases for skilled professionals. Therefore, it's probable that the $156,540 average reflects an upward trajectory, albeit potentially at a different pace than in more robust financial hubs.
Financial Managers Salary Distribution in Merced, CA
Salary progression for Financial Managers in Merced, CA, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive expertise and a proven track record can expect to earn substantially more. The percentile gaps in salary distribution, from the lower to the upper echelons, highlight the clear career progression and the financial rewards associated with advancing to senior management and specialized financial leadership roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $90,400 | $43.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,405 | $56.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $129,110 | $62.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $195,675 | $94.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $234,810 | $112.9 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,540
Gross Pay
Real Wage (Purchasing Power)
$156,540
Adjusted for COL (100)
The nominal average salary of $156,540 in Merced, CA, aligns precisely with the national average cost of living (Index 100). This means that the purchasing power of a Financial Manager's salary in Merced is equivalent to the national average. While the salary is below the national average for the role, the neutral cost of living suggests that the take-home pay offers a comparable lifestyle to what a Financial Manager might experience in a higher-cost area with a higher nominal salary.
Job Market Context
210
Total Jobs
2.621
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Merced, CA 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 (LQ) of 0.49, Merced, CA, presents a less concentrated market for Financial Managers compared to the national landscape. This indicates that the job market is not saturated with these professionals, suggesting a potentially less competitive environment for job seekers. However, it also implies that the overall demand might be lower than in areas with a higher LQ, meaning opportunities may be more specialized or fewer in number.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Modesto, CA Financial Managers Salary | $166,540↑ 6% | 37 mi |
| Fresno, CA Financial Managers Salary | $158,180↑ 1% | 52 mi |
| Stockton-Lodi, CA Financial Managers Salary | $163,000↑ 4% | 65 mi |
| Salinas, CA Financial Managers Salary | $171,870↑ 10% | 77 mi |
| San Jose-Sunnyvale-Santa Clara, CA Financial Managers Salary | $296,600↑ 89% | 77 mi |
Comparing salaries near Merced, CA
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Frequently Asked Questions
How much does a Financial Managers make in Merced, CA?
The median annual salary for a Financial Managers in Merced, CA is $156,540. This typically ranges from $90,400 for entry-level positions to $234,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Merced, CA is 15.1% lower than the national median of $184,480.
Is Merced, CA a lucrative place for Financial Managers?
No, it is not the most lucrative place for Financial Managers.The average salary of $156,540 is below the national average, and the job market concentration is less than half the national average.
Is Merced, CA a good place to live for Financial Managers?
The Cost of Living Index in Merced, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Merced, CA?
Some top paying nearby cities include Modesto, CA ($166,540) and Fresno, CA.
How does Merced's Financial Manager salary compare to the national average?
Financial Managers in Merced, CA, earn an average of $156,540 annually, which is approximately $28,000 less than the national average of $184,480.
What is the cost of living in Merced, CA for Financial Managers?
Merced, CA, has a cost of living index of 100, which is exactly the national average. This means your salary will have the same purchasing power as it would on average across the United States.
How concentrated is the Financial Manager job market in Merced, CA?
The job market for Financial Managers in Merced is less concentrated than the national average, with a Location Quotient of 0.49, indicating fewer professionals in this field relative to the overall workforce.
What is the total number of Financial Managers in Merced, CA?
There are approximately 210 Financial Managers working in Merced, CA, representing 2.621 jobs per 1,000 workers in the local economy.
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 Merced, CA area with a job density of 2.621 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 Merced, CA