Average Financial Managers Salary in Modesto, CA
Financial Managers in Modesto, CA, command an average annual salary of $166,540. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a lower concentration of high-demand industries influence compensation in this region. While the nominal salary is substantial, understanding its local context is key.
Executive Summary
- Average Salary: $166,540 per year.
- Growth Trend: Salaries have shifted 47.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $249,810.
- Outlook: With a local workforce of 590 Financial Managers, Modesto presents a moderate employment landscape for this profession. The Location Quotient of 0.57 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market may not be as saturated with specialized financial management roles as in larger metropolitan areas.
Salary Overview
The average Financial Managers in Modesto, CA earns-9.7%below the national average.
$80.1
$3,203
$13,878
Financial Managers Salary Trends (2020-2024)
While specific historical data for Modesto is not provided, it is reasonable to assume that the salary for Financial Managers in Modesto has experienced growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing demand for sophisticated financial oversight likely contribute to upward pressure on compensation, even in a market with a lower concentration of these roles.
Financial Managers Salary Distribution in Modesto, CA
The salary trajectory for Financial Managers typically scales significantly with experience. Entry-level positions may start considerably lower than the $166,540 average, while senior-level roles, particularly those with extensive P&L responsibility or strategic planning duties, can command salaries well above this benchmark. The percentile gaps in earnings clearly signify the career progression and increased value senior professionals bring to organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $83,290 | $40 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $124,905 | $60.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $156,720 | $75.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $208,175 | $100.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $249,810 | $120.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$166,540
Gross Pay
Real Wage (Purchasing Power)
$166,540
Adjusted for COL (100)
The average annual salary of $166,540 in Modesto, CA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Financial Manager's salary in Modesto is equivalent to the national standard, offering a stable financial footing without the premium often associated with higher cost-of-living areas.
Job Market Context
590
Total Jobs
3.024
Per 1K Jobs
0.57
Location Quotient
Modesto, CA 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.
A Location Quotient of 0.57 for Financial Managers in Modesto signifies that the profession is less concentrated locally than the national average. This suggests a potentially less competitive market for specialized financial management talent, which could present opportunities for skilled professionals to establish themselves, though it also implies fewer high-density financial hubs within the immediate region.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Stockton-Lodi, CA Financial Managers Salary | $163,000↓ 2% | 29 mi |
| Merced, CA Financial Managers Salary | $156,540↓ 6% | 37 mi |
| San Jose-Sunnyvale-Santa Clara, CA Financial Managers Salary | $296,600↑ 78% | 53 mi |
| Sacramento-Roseville-Folsom, CA Financial Managers Salary | $170,890↑ 3% | 69 mi |
| Santa Cruz-Watsonville, CA Financial Managers Salary | $180,400↑ 8% | 73 mi |
Comparing salaries near Modesto, CA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Modesto, CA?
The median annual salary for a Financial Managers in Modesto, CA is $166,540. This typically ranges from $83,290 for entry-level positions to $249,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Modesto, CA is 9.7% lower than the national median of $184,480.
Is Modesto, CA a lucrative place for Financial Managers?
Yes, Modesto offers a stable financial environment for Financial Managers.While the average salary is below the national average, the cost of living being on par with the national average means the $166,540 salary provides equivalent purchasing power. The lower concentration of roles also suggests potential opportunities for skilled professionals.
Is Modesto, CA a good place to live for Financial Managers?
The Cost of Living Index in Modesto, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Modesto, CA?
Some top paying nearby cities include Stockton-Lodi, CA ($163,000) and Merced, CA.
How does Modesto's Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Modesto, CA is $166,540, which is lower than the national average of $184,480.
What is the cost of living in Modesto, CA for Financial Managers?
Modesto, CA has a Cost of Living Index of 100, which is exactly the national average, meaning the purchasing power of a salary there is standard.
How concentrated are Financial Manager jobs in Modesto?
The Location Quotient for Financial Managers in Modesto is 0.57, indicating a lower concentration of these jobs compared to the national average.
How many Financial Managers work in Modesto, CA?
There are approximately 590 Financial Managers employed in Modesto, CA, representing 3.024 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 590 employees in the Modesto, CA area with a job density of 3.024 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 Modesto, CA