Average Financial Managers Salary in Redding, CA
Financial Managers in Redding, CA earn an average annual salary of $145,440, which is notably below the national average of $184,480. This disparity can often be attributed to regional economic factors, industry concentration, and the specific demand for financial expertise within the Redding area.
Executive Summary
- Average Salary: $145,440 per year.
- Growth Trend: Salaries have shifted 46.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,660.
- Outlook: With a local workforce of 240 Financial Managers and a Location Quotient of 0.66, the job market in Redding indicates a moderate concentration of these professionals compared to national benchmarks. While not a primary hub, the presence of 3.508 jobs per 1,000 workers suggests a stable, albeit not rapidly expanding, demand for financial management talent within the region.
Salary Overview
The average Financial Managers in Redding, CA earns-21.2%below the national average.
$69.9
$2,797
$12,120
Financial Managers Salary Trends (2020-2024)
Over the past four years, it is reasonable to assume that salaries for Financial Managers in Redding, CA, have experienced a gradual upward trend, mirroring broader economic recovery and inflation. While specific historical data isn't provided, the general trajectory for skilled financial roles typically involves steady growth, reflecting increased responsibilities and evolving market demands.
Financial Managers Salary Distribution in Redding, CA
Career progression for Financial Managers in Redding, CA, significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while senior roles, requiring extensive experience and strategic oversight, command higher compensation. The percentile gaps between these levels signify the substantial rewards associated with career advancement and accumulated expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,160 | $39 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $109,080 | $52.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $131,050 | $63 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $181,800 | $87.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,660 | $108 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$145,440
Gross Pay
Real Wage (Purchasing Power)
$145,440
Adjusted for COL (100)
The nominal average salary of $145,440 in Redding, 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 Redding is equivalent to the national average, offering a stable financial standing relative to the rest of the country.
Job Market Context
240
Total Jobs
3.508
Per 1K Jobs
0.66
Location Quotient
Redding, CA has 0.66x 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 0.66 for Financial Managers in Redding, CA, suggests that the concentration of these roles is below the national average. This implies that while opportunities exist, the market may be less saturated than in major metropolitan areas, potentially offering a unique competitive landscape for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Chico, CA Financial Managers Salary | $143,000↓ 2% | 63 mi |
Comparing salaries near Redding, CA
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Redding, CA?
The median annual salary for a Financial Managers in Redding, CA is $145,440. This typically ranges from $81,160 for entry-level positions to $224,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Redding, CA is 21.2% lower than the national median of $184,480.
Is Redding, CA a lucrative place for Financial Managers?
No, not exceptionally lucrative compared to the national average.While Financial Managers in Redding earn a substantial $145,440 annually, this figure falls short of the national average. However, the local cost of living being at the national average means the salary's purchasing power is equivalent.
Is Redding, CA a good place to live for Financial Managers?
The Cost of Living Index in Redding, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Redding, CA?
Some top paying nearby cities include Chico, CA ($143,000) and others.
How does the Redding Financial Manager salary compare to the national average?
The average annual salary for Financial Managers in Redding, CA is $145,440, which is approximately $39,040 less than the national average of $184,480.
What is the Cost of Living in Redding, CA for Financial Managers?
Redding, CA has a Cost of Living Index of 100, which is exactly the national average. This means that the cost of goods and services is comparable to the rest of the United States.
How concentrated is the Financial Manager job market in Redding, CA?
The job market for Financial Managers in Redding is less concentrated than the national average, with a Location Quotient of 0.66. There are 3.508 Financial Manager jobs per 1,000 workers locally.
What is the total number of Financial Managers in Redding, CA?
There are approximately 240 Financial Managers employed in the Redding, CA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Redding, CA area with a job density of 3.508 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial Managers Salaries by State
Top Jobs in Redding, CA
- All Occupations Salary in Redding, CA
- Office and Administrative Support Occupations Salary in Redding, CA
- Healthcare Support Occupations Salary in Redding, CA
- Sales and Related Occupations Salary in Redding, CA
- Food Preparation and Serving Related Occupations Salary in Redding, CA
- Transportation and Material Moving Occupations Salary in Redding, CA
- Home Health and Personal Care Aides Salary in Redding, CA
- Healthcare Practitioners and Technical Occupations Salary in Redding, CA
- Educational Instruction and Library Occupations Salary in Redding, CA
- Management Occupations Salary in Redding, CA
- Browse All Jobs in Redding, CA →
Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Redding, CA