Financial Managers Pay Range in Michigan
Pay distribution across experience levels
- 10th Percentile — Entry Level$80,280
- 25th Percentile — Junior$105,490
- 50th Percentile — Median$139,370
- 75th Percentile — Senior$182,120
- 90th Percentile — Top Earners$258,480
Half of Financial Managers in Michigan earn more than $139,370. The top 10% make $258,480 or more, while entry-level workers start around $80,280.
Financial Managers in Michigan: Key Facts
Source: BLS OEWS May 2025
- Michigan ranks 31st of 51 states for Financial Managers pay, at $158,110 per year (15.4% below the U.S. average of $186,910).
- 22,490 people work as Financial Managers in Michigan — 2.7% of all U.S. Financial Managers jobs.
- Location quotient 0.94: Financial Managers jobs are less concentrated in Michigan than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $80,280; the top 10% earn over $258,480.
- Hourly equivalent: $76.01 per hour (2,080 hours/year).
- The highest-paying state is New York at $246,560.
- Among management jobs in Michigan, Chief Executives pays the most ($298,740).
Financial Managers Job Market in Michigan
Key factors affecting compensation
Michigan's key industries are Automotive, Healthcare, Technology, and its job market is rated moderate. Financial Managers here earn $158,110 on average, placing the state 31st nationally.
With a cost-of-living index of 0.9 (U.S. = 1.00), a Michigan salary of $158,110 is roughly equivalent to $175,678 at the national average cost of living.
Compared with nearby states in the pay ranking, New Hampshire ($160,920), South Carolina ($160,800), Alabama ($160,120) are the closest alternatives for Financial Managers weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Management Jobs in Michigan
Related career salary benchmarks
- Chief Executives $298,740/yr Michigan +88.9% vs this role
- Architectural and Engineering Managers $167,660/yr Michigan +6.0% vs this role
- Computer and Information Systems Managers $166,790/yr Michigan +5.5% vs this role
- Purchasing Managers $153,680/yr Michigan 2.8% vs this role
- Sales Managers $151,230/yr Michigan 4.4% vs this role
- Marketing Managers $150,850/yr Michigan 4.6% vs this role
- Natural Sciences Managers $141,380/yr Michigan 10.6% vs this role
- Public Relations Managers $131,830/yr Michigan 16.6% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Financial Managers salary in Michigan?
The average Financial Managers salary in Michigan is $158,110 per year (median $139,370), which is 15.4% below the national average of $186,910.
How does Michigan rank for Financial Managers pay?
Michigan ranks 31st out of 51 states. The highest-paying state is New York ($246,560/yr).
How much do entry-level Financial Managers make in Michigan?
The lowest-paid 10% of Financial Managers in Michigan earn about $80,280 per year and the 25th percentile is $105,490.
How much do Financial Managers make per hour in Michigan?
About $76.01 per hour, based on the $158,110 annual average and 2,080 working hours per year.
How many Financial Managers work in Michigan?
BLS counts 22,490 Financial Managers jobs in Michigan (OEWS May 2025).
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