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Financial Manager Salary Information in Cleveland-Elyria-Mentor, Ohio

The annual and hourly salary statistics of financial managers in Cleveland-Elyria-Mentor, Ohio are shown in Table 1 and Table 2, respectively. The wage statistics of financial managers in Cleveland-Elyria-Mentor 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 Cleveland-Elyria-Mentor, Ohio

Percentile BracketAverage Annual Salary
10th Percentile Wage
$59,830
25th Percentile Wage
$84,140
50th Percentile Wage
$116,120
75th Percentile Wage
$154,780
90th Percentile Wage
$183,610

Table 1 shows the average annual salary for financial managers in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $183,610. The median (50th percentile) annual salary is $116,120. The average annual salary for the bottom 10 percent earners is $59,830.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$28.77
25th Percentile Wage
$40.45
50th Percentile Wage
$55.82
75th Percentile Wage
$74.41
90th Percentile Wage
$88.28

Table 2 shows the average hourly salary for financial managers in Cleveland-Elyria-Mentor, Ohio. The average hourly salary for the 90th percentile is $88.28. The median hourly salary is $55.82. The average hourly salary for the bottom 10 percent is $28.77.

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
2016116,1206.23%15.80%
2015108,8908.13%-
2014100,0403.76%-
201396,280-1.55%-
201297,770--

Table 3. Compare Financial Manager Salary in Cleveland-Elyria-Mentor with Other Ohio Cities

From Table 3 we note that with a median annual salary of $116,120, Cleveland-Elyria-Mentor is the second highest paying city for financial managers in state of Ohio, following the highest paying city Cincinnati-Middletown (median annual salary of $120,020). Compared with Cincinnati-Middletown, the median annual salary of financial managers in Cleveland-Elyria-Mentor is 3.2 percent (3.2%) lower.

Cities/Areas Median Annual Salary
Cincinnati-Middletown
$120,020
Cleveland-Elyria-Mentor
$116,120
Columbus
$113,950
Akron
$109,070
Dayton
$109,050
Southern Ohio nonmetropolitan area
$94,060
Toledo
$93,010
Canton-Massillon
$92,070
West Northwestern Ohio nonmetropolitan area
$89,590
Mansfield
$83,930
Eastern Ohio nonmetropolitan area
$81,200
Springfield
$80,940
Other Ohio nonmetropolitan area
$80,390
Lima
$79,880
Sandusky
$77,570

See also: Top paying jobs in Cleveland-Elyria-Mentor, Ohio.