The salary statistics of financial managers in the industry sector of federal, state, and local government are shown in Table 1. In Table 2 we compare financial manager salaries in different industries within the federal, state, and local government sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $64,690 |
| 25th Percentile Wage | $85,590 |
| 50th Percentile Wage | $114,260 |
| 75th Percentile Wage | $139,270 |
| 90th Percentile Wage | $163,630 |
Table 1 shows the average annual salary for financial managers in the industry sector of federal, state, and local government. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) financial managers is $163,630. The median annual salary (50th percentile) is $114,260. The average annual salary for the bottom 10 percent paid financial managers is $64,690.
The table and chart below show the trend of the median salary of financial managers in the industry sector of federal, state, and local government from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $114,260 | 1.20% | 10.60% |
| 2018 | $112,890 | 1.98% | - |
| 2017 | $110,660 | 1.16% | - |
| 2016 | $109,380 | 2.15% | - |
| 2015 | $107,030 | 2.20% | - |
| 2014 | $104,670 | 0.89% | - |
| 2013 | $103,740 | 1.53% | - |
| 2012 | $102,150 | - | - |
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2019 and published in April 2020 [1].