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Downey Savings Salary

Downey Savings Salary

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As of September 2026, the average annual salary for employees at Downey Savings in the United States is $106,914. This translates to an approximate hourly wage of $51. Salaries at Downey Savings typically range from $93,725 to $121,268 annually, reflecting the diverse roles and experience levels within the company.
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Is Downey Savings’s Pay Competitive? Salary Benchmarking Analysis

How does Downey Savings's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Erie County Savings Bank $88,044
-17.7%
Erie County Savings Bank operates with a leaner overhead structure, impacting base wage offers.
Downey Savings & Loan Assoc $107,938
+1.0%
Suggests Downey Savings & Loan Assoc utilizes a highly similar base-plus-benefits compensation model.
Federal Way Bp LLC $109,762
+2.7%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Home Federal Savings & Loan Association of Grand Island $89,373
-16.4%
Home Federal Savings & Loan Association of Grand Island focuses strategically on recruiting and training entry-level apprentices.
Financial Services Industry $121,514
+13.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Downey Savings's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Downey Savings. Click a company name to learn more.

Employee Reviews: Working at Downey Savings

Considering a career at Downey Savings? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Work-life balance is respected here. The teamwork at this financial institution is truly remarkable. The financial tools are advanced, and coworkers collaborate effectively. I feel empowered to make decisions in my role.
Commented in March 24, 2025
13
3
Management is supportive and values diverse perspectives, leading to an inclusive work environment. Benefits, including retirement contributions and wellness programs, are comprehensive. The organization maintains a stable work environment with clear expectations, but innovation is limited by bureaucratic procedures.
Commented in July 19, 2024
33
2
Public transit options abound. Training is available it is role-specific or timely. Opportunities for growth are abundant. Communication is timely and transparent. Per diems are generous. I’ve been able to take ownership of projects and develop real-world financial skills. My experience here has been stable. This approach minimizes disruption and anxiety.
Commented in June 05, 2024
48
3
Managers regularly check in about capacity and redistribute work when needed. This is a suitable environment for those who prefer stability and clear structure but can appeal to employees seeking rapid advancement or creative freedom. There are occasional team-building events, but mostly it’s a quiet, task-focused environment. Communication is formal and usually through official channels. Career p...
Commented in January 11, 2024
46
3

Downey Savings Overview

Website
www.downeysavings.com
Founded In
1957
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
3501 Jamboree Rd Newport Beach California CA 92660
Revenue
$10 Million - $50 Million
Phone Number
+1 9498543100
Social Media
About Downey Savings
Downey Financial Corp., headquartered in Newport Beach, California, is the parent company of Downey Savings and Loan Association, F.A., which has assets of $13.4 billion, and 169 branches throughout California and five in Arizona.

What Benefits Does Downey Savings Offer Beyond Salary?

A competitive compensation package is more than just a salary. Downey Savings offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Downey Savings?
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What Is the Cost of Living Near Irvine?

Understanding the cost of living near Irvine is key to truly evaluating a salary offer or your current compensation at Downey Savings.
Irvine's Cost of Living Index is approximately 186.9 (86.9% more expensive than US average; 33.7% more than CA average). Very affluent Orange County city, extremely high housing costs, excellent schools, and high quality of life drive up all expenses. When planning your budget based on a salary from Downey Savings, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,700 - $4,000+ A significant portion of Downey Savings salary. Location choices impact this heavily.
Utilities (Basic) $160 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation $69 (OCTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $480 - $720 Can be higher with more dining out or specialty stores.
Personal & Leisure $500 - $900+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $800+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,329 - $6,699+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Downey Savings

1. What is the typical salary range (low to high) for most roles at Downey Savings?

The typical annual salary range for most roles at Downey Savings is approximately from $93,725 to $121,268. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Downey Savings pay compared to Erie County Savings Bank?

The average annual salary at Downey Savings is $106,914, or an hourly wage of $51, in comparison to Erie County Savings Bank which pays $88,044 per year or $42 per hour.

3. Do salaries differ significantly between departments at Downey Savings?

Yes, salaries often differ between departments at Downey Savings due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Downey Savings?

Experience level is a significant factor in determining salary at Downey Savings, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Downey Savings in Irvine is fair given the local cost of living?

To determine if a salary offer from Downey Savings in Irvine is fair, first compare the gross salary to our data for similar roles at Downey Savings and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Irvine" to understand its purchasing power.

6. Why might an individual's actual salary at Downey Savings differ from the ranges shown here?

An individual's actual salary at Downey Savings can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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