The annual and hourly salary statistics of financial managers in Grand Rapids-Wyoming, Michigan are shown in Table 1 and Table 2, respectively. The wage statistics of financial managers in Grand Rapids-Wyoming is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | |
| 25th Percentile Wage | |
| 50th Percentile Wage | |
| 75th Percentile Wage | |
| 90th Percentile Wage | |
Table 1 shows the average annual salary for financial managers in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $174,990. The median (50th percentile) annual salary is $102,780. The average annual salary for the bottom 10 percent earners is $63,010.
| Percentile Bracket | Average Hourly Salary |
|---|---|
| 10th Percentile Wage | |
| 25th Percentile Wage | |
| 50th Percentile Wage | |
| 75th Percentile Wage | |
| 90th Percentile Wage | |
Table 2 shows the average hourly salary for financial managers in Grand Rapids-Wyoming, Michigan. The average hourly salary for the 90th percentile is $84.13. The median hourly salary is $49.41. The average hourly salary for the bottom 10 percent is $30.30.
The following table and chart show the trend of the median salary of financial managers from 2012 to 2016.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | 102,780 | 3.50% | 14.41% |
| 2015 | 99,180 | 4.14% | - |
| 2014 | 95,070 | 2.82% | - |
| 2013 | 92,390 | 4.78% | - |
| 2012 | 87,970 | - | - |
From Table 3 we note that the median annual salary of $102,780 in Grand Rapids-Wyoming is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Grand Rapids-Wyoming is 9.0 percent (9.0%) lower than that in the highest paying Jackson and 26.3 percent (26.3%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.
See also: Top paying jobs in Grand Rapids-Wyoming, Michigan.
