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Downey Savings Salary

Downey Savings Salary

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As of August 2026, the average hourly salary for employees at Downey Savings in the United States is $51. This translates to an approximate annual wage of $106,914. Salaries at Downey Savings typically range from $45 to $58 hourly, 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 $42
-17.7%
Normalized for lower cost-of-living zones where Erie County Savings Bank primarily operates.
Downey Savings & Loan Assoc $52
+1.0%
Confirms Downey Savings & Loan Assoc is a direct competitor vying for the exact same talent pool.
Federal Way Bp LLC $53
+2.7%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Home Federal Savings & Loan Association of Grand Island $43
-16.4%
Home Federal Savings & Loan Association of Grand Island may offer non-monetary perks in lieu of competitive base salaries.
Financial Services Industry $59
+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.

Companies Similar to Downey Savings and Their Hourly Pay Rates

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)
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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. How much does Downey Savings in the United States pay?

Downey Savings pays its employees an average of $51 per hour. The average salary at Downey Savings range from $45 to $58 per hour. 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. Do Downey Savings employees get a higher salary than its peer company?

The salary at Downey Savings is higher than its peer company. 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. What are the highest paying jobs at Downey Savings?

The higher-paying job at Downey Savings, according to our data, include Executive Vice President & Chief Financial Officer (avg. $207 per hour), Vice President, Marketing (avg. $133 per hour), and Project Manager, Real Estate (avg. $67 per hour). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Downey Savings?

Salary progression with years of experience at Downey Savings is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Downey Savings vary by office location?

Yes, it's very likely that salaries at Downey Savings vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Irvine section provides more context.

6. Does Downey Savings offer good benefits?

Downey Savings typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Downey Savings" section on this page.

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