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Chief Financial Officer (CFO) Salary in Elk Grove, CA

How much does a chief financial officer (cfo) make in Elk Grove? Explore median, entry-level, and senior salaries adjusted for Elk Grove's cost of living.

Median Salary
$159,800
per year in Elk Grove
Entry Level
$97,837
Starting salary
Senior Level
$260,897
Experienced professionals
Cost of Living
118
18% above national avg

Salary Breakdown by Experience Level

See how chief financial officer (cfo) salaries break down across different pay periods in Elk Grove.

PeriodEntry LevelMedianSenior
Annual$97,837$159,800$260,897
Monthly$8,153$13,317$21,741
Biweekly$3,763$6,146$10,035
Weekly$1,881$3,073$5,017
Hourly$47$77$125

Elk Grove vs National Average

How Elk Grove's chief financial officer (cfo) salaries compare to national figures.

Elk Grove Salary
$159,800
COL Index: 118
National Average
$154,120
COL Index: 100
Difference
+$5,680
Higher in Elk Grove

Cost of Living in Elk Grove

1-Bedroom Rent
$1,550
per month
Median Income
$86,420
per year
Population
176,124
residents
Rent % of Income
21.5%
median household
Cost of Living Index: 118 — A score of 100 represents the U.S. average. Salaries in Elk Grove have been adjusted to account for local cost differences.

About Chief Financial Officer (CFO)

Overview

Oversee financial operations and strategy for organizations.

Education

Bachelor's degree in Finance or related field; MBA and CPA common

Key Skills

Financial LeadershipStrategic PlanningFinancial ManagementBusiness Acumen

Growth Rate

Expected job growth: +20% over the next decade

Compare Cities: Chief Financial Officer (CFO) Salary

See Chief Financial Officer (CFO) salaries in other top cities.

New York, NY
$360,256
+125%
Los Angeles, CA
$231,500
+45%
Chicago, IL
$181,245
+13%
Houston, TX
$144,950
-9%
Phoenix, AZ
$164,980
+3%

Financial Tools to Explore

Use these Pulsafi calculators to understand your finances based on a chief financial officer (cfo) salary in Elk Grove.

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Cost of Living Calculator

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Rent vs Buy Calculator

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Chief Financial Officer (CFO) Salary in Elk Grove, CA — Complete Guide

Median Salary Overview

The median salary for a chief financial officer (cfo) in Elk Grove, CA is $159,800 per year, adjusted for the local cost of living index of 118. This figure reflects typical earnings for experienced professionals in this role, considering Elk Grove's unique economic conditions.

Salary Range and Experience Levels

Entry-level chief financial officer (cfo) professionals in Elk Grove can expect to earn around $97,837 annually. As professionals gain experience, salaries typically increase, with senior-level chief financial officer (cfo)s earning approximately $260,897 per year. This represents a 167% increase from entry to senior level.

Cost of Living Adjustment

Elk Grove's cost of living index of 118 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Elk Grove are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $154,120, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a chief financial officer (cfo)'s salary in Elk Grove typically goes toward housing. With a 1-bedroom apartment averaging $1,550 per month, housing represents about 11.6% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Chief Financial Officer (CFO)s are in growing demand across the United States, with an expected job growth of 20% over the next decade. In Elk Grove, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.