The annual salary statistics of financial managers in Elkhart-Goshen, Indiana is shown in Table 1. The wage data of financial managers in Elkhart-Goshen 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 | $50,520 |
| 25th Percentile Wage | $73,160 |
| 50th Percentile Wage | $101,050 |
| 75th Percentile Wage | $140,910 |
| 90th Percentile Wage | $191,250 |
Table 1 shows the average annual salary for financial managers in Elkhart-Goshen, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $191,250. The median (50th percentile) annual salary is $101,050. The average annual salary for the bottom 10 percent earners is $50,520.
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 | $101,050 | 2.57% | 10.50% |
| 2018 | $98,450 | -0.62% | - |
| 2017 | $99,060 | 5.51% | - |
| 2016 | $93,600 | 8.33% | - |
| 2015 | $85,800 | 1.20% | - |
| 2014 | $84,770 | -2.04% | - |
| 2013 | $86,500 | -4.55% | - |
| 2012 | $90,440 | - | - |
From Table 3 we note that the median annual salary of $101,050 in Elkhart-Goshen is in the middle of salary range for financial managers in state of Indiana. In comparison, the annual salary of financial managers in Elkhart-Goshen is 20.1 percent (20.1%) lower than that in the highest paying Columbus and 38.1 percent (38.1%) higher than that in the lowest paying Terre Haute.
| Cities/Areas | Median Annual Salary |
|---|---|
| Columbus | |
| Indianapolis-Carmel | |
| Fort Wayne | |
| Elkhart-Goshen | |
| Northern Indiana nonmetropolitan area | |
| Muncie | |
| Gary | |
| Lafayette-West Lafayette | |
| Lafayette | |
| Bloomington | |
| Southern Indiana nonmetropolitan area | |
| Michigan City-La Porte | |
| Central Indiana nonmetropolitan area | |
| Kokomo | |
| Anderson | |
| Terre Haute |