Financial Analyst Salary: Phoenix, AZ vs San Francisco, CA
BLS reports this occupation as "Financial and Investment Analysts" (13-2051); every figure on this page is for that BLS occupation.
Side-by-side comparison of wages and local price levels for Financial Analysts in Phoenix, AZ and San Francisco, CA, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Phoenix, AZ | San Francisco, CA | Diff |
|---|---|---|---|
| Median Annual Salary | $94,700 | $130,520▲ | -$35,820 |
| 25th Percentile | $76,000 | $97,490▲ | -$21,490 |
| 75th Percentile | $122,650 | $166,350▲ | -$43,700 |
| 90th Percentile | $161,650 | $217,160▲ | -$55,510 |
| Price Level (BEA 2024, US = 100) | 103.3 | 115.6 | -12.3 |
| Median at National-Average Prices | $91,661 | $112,894▲ | -$21,233 |
| Total Employment | 4,510 | 9,910 | -5,400 |
3Summary Analysis
On paper, San Francisco, CA pays $35,820 more (median: $94,700 vs $130,520). BEA's regional price parity is 103.3 in Phoenix, AZ and 115.6 in San Francisco, CA (United States = 100). At national-average prices the medians are $91,661 and $112,894, so San Francisco, CA comes out ahead once local prices are counted.
4More Financial Analyst City Comparisons
5Reading This Comparison
The $35,820 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $91,661 for Phoenix and $112,894 for San Francisco, a difference of $21,233.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Phoenix-Mesa-Chandler, AZ; San Francisco-Oakland-Fremont, CA) and cover prices only, not taxes.
BLS estimates 4,510 Financial Analyst jobs in the Phoenix area and 9,910 in the San Francisco area. For broader context, see our Arizona overview and the full Financial Analyst city ranking.
Frequently Asked Questions
Is Financial Analyst salary higher in Phoenix, AZ or San Francisco, CA?
San Francisco, CA has the higher median wage for Financial Analysts ($130,520 per year, against $94,700 in Phoenix, AZ; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $91,661 in Phoenix, AZ and $112,894 in San Francisco, CA.
How do prices compare between Phoenix, AZ and San Francisco, CA?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 103.3 for the Phoenix-Mesa-Chandler, AZ metropolitan area and 115.6 for the San Francisco-Oakland-Fremont, CA metropolitan area, where the United States is 100. That is 3.3% above the national level for Phoenix, AZ and 15.6% above the national level for San Francisco, CA.
Which city pays Financial Analysts more once local prices are counted?
San Francisco, CA: at national-average prices its median Financial Analyst wage is $112,894, against $91,661 for Phoenix, AZ. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.