The annual salary statistics of financial managers in Florence-Muscle Shoals, Alabama is shown in Table 1. The wage information of financial managers in Florence-Muscle Shoals is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $66,880 |
| 25th Percentile Wage | $78,620 |
| 50th Percentile Wage | $94,420 |
| 75th Percentile Wage | $125,670 |
| 90th Percentile Wage | $161,330 |
Table 1 shows the average annual salary for financial managers in Florence-Muscle Shoals, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $161,330. The median (50th percentile) annual salary is $94,420. The average annual salary for the bottom 10 percent earners is $66,880.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $94,420 | -14.20% | -9.28% |
| 2018 | $107,830 | -2.32% | - |
| 2017 | $110,330 | 2.54% | - |
| 2016 | $107,530 | 2.46% | - |
| 2015 | $104,880 | -6.69% | - |
| 2014 | $111,900 | 7.08% | - |
| 2013 | $103,980 | 0.77% | - |
| 2012 | $103,180 | - | - |
From Table 3 we note that the median annual salary of $94,420 in Florence-Muscle Shoals is in the middle of salary range for financial managers in state of Alabama. In comparison, the annual salary of financial managers in Florence-Muscle Shoals is 26.2 percent (26.2%) lower than that in the highest paying Birmingham-Hoover and 11.5 percent (11.5%) higher than that in the lowest paying Southwest Alabama nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Birmingham-Hoover | |
| Huntsville | |
| Auburn-Opelika | |
| Montgomery | |
| Dothan | |
| Anniston-Oxford | |
| Mobile | |
| Northwest Alabama nonmetropolitan area | |
| Tuscaloosa | |
| Gadsden | |
| Southeast Alabama nonmetropolitan area | |
| Daphne-Fairhope-Foley | |
| Florence-Muscle Shoals | |
| Decatur | |
| Northeast Alabama nonmetropolitan area | |
| Southwest Alabama nonmetropolitan area |