The average annual salaries for financial managers in the state of Arizona are shown in Table 1. The comparison of the salary statistics of financial managers amongst Arizona areas is shown in Table 2. The salary statistics are 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 | $58,870 |
| 25th Percentile Wage | $77,660 |
| 50th Percentile Wage | $110,430 |
| 75th Percentile Wage | $150,480 |
| 90th Percentile Wage | $204,220 |
Table 1 shows the average annual salary for financial managers in Arizona in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $204,220. The median (50th percentile) annual salary is $110,430. The average annual salary for the bottom 10 percent is $58,870.
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 | $110,430 | 5.90% | 13.19% |
| 2018 | $103,910 | 5.09% | - |
| 2017 | $98,620 | 1.38% | - |
| 2016 | $97,260 | -1.74% | - |
| 2015 | $98,950 | 1.35% | - |
| 2014 | $97,610 | 1.25% | - |
| 2013 | $96,390 | 0.55% | - |
| 2012 | $95,860 | - | - |
Table 3 shows the median annual salary of financial managers in some Arizona cities and metropolitan areas. We note that the median annual salary of financial managers in state of Arizona ranges from $68,100 to $114,940. The highest paying area for financial managers in Arizona is Phoenix-Mesa-Glendale with a median annual salary of $114,940. The second highest paying city/area in Arizona State is Flagstaff (mean annual salary $94,560). The lowest paying area is Lake Havasu City-Kingman with a median annual salary of $68,100.
| Cities/Areas | Median Annual Salary |
|---|---|
| Phoenix-Mesa-Glendale | |
| Flagstaff | |
| Tucson | |
| North Arizona nonmetropolitan area | |
| Yuma | |
| Sierra Vista-Douglas | |
| Southeast Arizona nonmetropolitan area | |
| Prescott | |
| Lake Havasu City-Kingman |