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Financial Manager Salary Information in Detroit-Livonia-Dearborn, Michigan

The annual and hourly salary statistics of financial managers in Detroit-Livonia-Dearborn, Michigan are shown in Table 1 and Table 2, respectively. The wage information of financial managers in Detroit-Livonia-Dearborn is 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 & Table 2. Annual & Hourly Salaries of Financial Managers in Detroit-Livonia-Dearborn, Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$66,380
25th Percentile Wage
$83,920
50th Percentile Wage
$108,970
75th Percentile Wage
$154,930
90th Percentile Wage
$202,130

Table 1 shows the average annual salary for financial managers in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $202,130. The median (50th percentile) annual salary is $108,970. The average annual salary for the bottom 10 percent earners is $66,380.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$31.91
25th Percentile Wage
$40.35
50th Percentile Wage
$52.39
75th Percentile Wage
$74.48
90th Percentile Wage
$97.18

Table 2 shows the average hourly salary for financial managers in Detroit-Livonia-Dearborn, Michigan. The average hourly salary for the 90th percentile is $97.18. The median hourly salary is $52.39. The average hourly salary for the bottom 10 percent is $31.91.

Salary Trend (2012 to 2016)

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

YearMedian SalaryYearly Growth4-Year Growth
2016108,9701.13%-0.09%
2015107,740-0.63%-
2014108,420-2.55%-
2013111,1801.90%-
2012109,070--

Table 3. Compare Financial Manager Salary in Detroit-Livonia-Dearborn with Other Michigan Cities

From Table 3 we note that the median annual salary of $108,970 in Detroit-Livonia-Dearborn is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Detroit-Livonia-Dearborn is 3.5 percent (3.5%) lower than that in the highest paying Jackson and 30.4 percent (30.4%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.

Cities/Areas Median Annual Salary
Jackson
$112,920
Detroit-Warren-Livonia
$112,730
Niles-Benton Harbor
$111,770
Warren-Troy-Farmington Hills
$111,190
Flint
$110,110
Ann Arbor
$109,530
Kalamazoo-Portage
$109,020
Detroit-Livonia-Dearborn
$108,970
Battle Creek
$105,980
Grand Rapids-Wyoming
$102,780
Lansing-East Lansing
$102,770
Saginaw-Saginaw Township North
$99,390
Muskegon-Norton Shores
$96,310
Monroe
$96,100
Upper Peninsula of Michigan nonmetropolitan area
$93,730
Northwest Lower Peninsula of Michigan nonmetropolitan area
$90,050
Holland-Grand Haven
$89,090
South Bend-Mishawaka
$88,250
Balance of Lower Peninsula of Michigan nonmetropolitan area
$84,940
Bay City
$77,860
Northeast Lower Peninsula of Michigan nonmetropolitan area
$75,800

See also: Top paying jobs in Detroit-Livonia-Dearborn, Michigan.