Average Financial Managers Salary in San Luis Obispo-Paso Robles, CA
Financial Managers in the San Luis Obispo-Paso Robles, CA area earn an average annual salary of $160,610. This figure is notably below the national average of $184,480, suggesting that local market dynamics and potentially a smaller scale of operations within the region influence compensation. While the nominal salary is substantial, understanding its purchasing power locally is key.
Executive Summary
- Average Salary: $160,610 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $240,915.
- Outlook: The San Luis Obispo-Paso Robles region supports a workforce of 390 Financial Managers, with 3.26 jobs per 1,000 workers. The Location Quotient of 0.61 indicates a slightly lower concentration of these roles compared to the national average. While not a major hub for financial management, this suggests a stable, albeit less saturated, job market with consistent demand for skilled professionals.
Salary Overview
The average Financial Managers in San Luis Obispo-Paso Robles, CA earns-12.9%below the national average.
$77.2
$3,089
$13,384
Financial Managers Salary Trends (2020-2024)
While specific historical data for San Luis Obispo-Paso Robles is not provided, it's reasonable to assume that the financial management sector, like most professional fields, has experienced salary growth over the past four years. Factors such as inflation, increased demand for financial expertise, and evolving market conditions likely contributed to an upward trend in compensation for Financial Managers in this region.
Financial Managers Salary Distribution in San Luis Obispo-Paso Robles, CA
The career trajectory for Financial Managers typically involves significant salary increases with experience. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive expertise and leadership responsibilities can command salaries in the upper percentiles. The widening gap between entry-level and senior roles reflects the value placed on accumulated knowledge, strategic acumen, and proven track records in financial oversight.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $89,790 | $43.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $120,458 | $57.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $138,230 | $66.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $200,763 | $96.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $240,915 | $115.8 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$160,610
Gross Pay
Real Wage (Purchasing Power)
$160,610
Adjusted for COL (100)
The average annual salary of $160,610 for Financial Managers in San Luis Obispo-Paso Robles 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 balanced lifestyle without the premium often associated with higher cost-of-living areas.
Job Market Context
390
Total Jobs
3.26
Per 1K Jobs
0.61
Location Quotient
San Luis Obispo-Paso Robles, CA has 0.61x 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.
With a Location Quotient of 0.61, the San Luis Obispo-Paso Robles area has a lower concentration of Financial Managers than the national average. This suggests that while the demand exists, the market is not oversaturated. Professionals entering this market may find fewer direct competitors, potentially offering a more favorable environment for securing positions, though the overall number of opportunities may be more limited than in larger metropolitan areas.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Santa Maria-Santa Barbara, CA Financial Managers Salary | $180,890↑ 13% | 26 mi |
| North Coast Region of California nonmetropolitan area Financial Managers Salary | $146,510↓ 9% | 81 mi |
| North Valley-Northern Mountains Region of California nonmetropolitan area Financial Managers Salary | $143,320↓ 11% | 81 mi |
| Eastern Sierra-Mother Lode Region of California nonmetropolitan area Financial Managers Salary | $132,570↓ 17% | 81 mi |
| Bakersfield-Delano, CA Financial Managers Salary | $160,180↓ 0% | 92 mi |
Comparing salaries near San Luis Obispo-Paso Robles, CA
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Frequently Asked Questions
How much does a Financial Managers make in San Luis Obispo-Paso Robles, CA?
The median annual salary for a Financial Managers in San Luis Obispo-Paso Robles, CA is $160,610. This typically ranges from $89,790 for entry-level positions to $240,915 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in San Luis Obispo-Paso Robles, CA is 12.9% lower than the national median of $184,480.
Is San Luis Obispo-Paso Robles, CA a lucrative place for Financial Managers?
No, not when compared to the national average.While the average salary of $160,610 is substantial, it falls below the national average of $184,480 for Financial Managers. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is San Luis Obispo-Paso Robles, CA a good place to live for Financial Managers?
The Cost of Living Index in San Luis Obispo-Paso Robles, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near San Luis Obispo-Paso Robles, CA?
Some top paying nearby cities include Santa Maria-Santa Barbara, CA ($180,890) and North Coast Region of California nonmetropolitan area.
What is the average salary for a Financial Manager in San Luis Obispo-Paso Robles, CA?
The average annual salary for a Financial Manager in San Luis Obispo-Paso Robles, CA is $160,610.
How does the San Luis Obispo-Paso Robles salary compare to the national average?
The average salary in San Luis Obispo-Paso Robles ($160,610) is lower than the national average ($184,480) for Financial Managers.
What is the cost of living in San Luis Obispo-Paso Robles, CA?
The Cost of Living Index in San Luis Obispo-Paso Robles, CA is 100, which is the same as the national average.
How concentrated is the Financial Manager job market in this area?
The job market for Financial Managers in San Luis Obispo-Paso Robles, CA is less concentrated than the national average, with a Location Quotient of 0.61.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the San Luis Obispo-Paso Robles, CA area with a job density of 3.26 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 San Luis Obispo-Paso Robles, CA