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Financial Examiner Salary Information in Michigan

The average annual and hourly salaries for financial examiners in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial examiners among Michigan metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Financial Examiners in Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$39,490
25th Percentile Wage
$50,070
50th Percentile Wage
$67,680
75th Percentile Wage
$82,250
90th Percentile Wage
$117,860

Table 1 shows the average annual salary for financial examiners in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $117,860. The median (50th percentile) annual salary is $67,680. The average annual salary for the bottom 10 percent is $39,490.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$18.98
25th Percentile Wage
$24.07
50th Percentile Wage
$32.54
75th Percentile Wage
$39.54
90th Percentile Wage
$56.67

Table 2 shows the average hourly salary for financial examiners in Michigan in 5 percentile scales. The average hourly salary for the 90th percentile is $56.67. The median hourly salary is $32.54. The average hourly salary for the bottom 10 percent is $18.98.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial examiners from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201667,6805.04%7.03%
201564,270-5.49%-
201467,800-3.61%-
201370,25010.43%-
201262,920--

Table 3. Median Annual Salary of Financial Examiners in Michigan Cities

Table 3 shows the median annual salary of financial examiners in some Michigan cities and metropolitan areas. We note that the median annual salary of financial examiners in state of Michigan ranges from $37,810 to $85,270. The highest paying area for financial examiners in Michigan is Detroit-Livonia-Dearborn with a median annual salary of $85,270. The second highest paying city/area in Michigan State is Grand Rapids-Wyoming (mean annual salary $80,710). The lowest paying area is Balance of Lower Peninsula of Michigan nonmetropolitan area with a median annual salary of $37,810.

Cities/Areas Median Annual Salary
Detroit-Livonia-Dearborn
$85,270
Grand Rapids-Wyoming
$80,710
Detroit-Warren-Livonia
$66,580
Lansing-East Lansing
$66,490
Warren-Troy-Farmington Hills
$59,450
Balance of Lower Peninsula of Michigan nonmetropolitan area
$37,810


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