The annual salary statistics of financial managers in Michigan City-La Porte, Indiana is shown in Table 1. The wage data of financial managers in Michigan City-La Porte 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 | $55,170 |
| 25th Percentile Wage | $59,880 |
| 50th Percentile Wage | $76,160 |
| 75th Percentile Wage | $126,910 |
| 90th Percentile Wage | $154,130 |
Table 1 shows the average annual salary for financial managers in Michigan City-La Porte, Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,130. The median (50th percentile) annual salary is $76,160. The average annual salary for the bottom 10 percent earners is $55,170.
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 | $76,160 | -22.54% | 5.00% |
| 2018 | $93,330 | 5.82% | - |
| 2017 | $87,900 | 6.09% | - |
| 2016 | $82,550 | 26.25% | - |
| 2015 | $60,880 | -2.23% | - |
| 2014 | $62,240 | -15.10% | - |
| 2013 | $71,640 | -0.99% | - |
| 2012 | $72,350 | - | - |
From Table 3 we note that the median annual salary of $76,160 in Michigan City-La Porte is in the middle of salary range for financial managers in state of Indiana. In comparison, the annual salary of financial managers in Michigan City-La Porte is 39.8 percent (39.8%) lower than that in the highest paying Columbus and 17.8 percent (17.8%) 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 |