The annual salary statistics of financial managers in Southwest Maine nonmetropolitan area, Maine is shown in Table 1. The wage statistics of financial managers in Southwest Maine nonmetropolitan area 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 | $55,930 |
| 25th Percentile Wage | $71,850 |
| 50th Percentile Wage | $92,870 |
| 75th Percentile Wage | $120,110 |
| 90th Percentile Wage | $162,900 |
Table 1 shows the average annual salary for financial managers in Southwest Maine nonmetropolitan area, Maine in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $162,900. The median (50th percentile) annual salary is $92,870. The average annual salary for the bottom 10 percent earners is $55,930.
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 | $92,870 | 6.45% | 20.29% |
| 2018 | $86,880 | -3.58% | - |
| 2017 | $89,990 | 7.19% | - |
| 2016 | $83,520 | 6.20% | - |
| 2015 | $78,340 | 1.25% | - |
| 2014 | $77,360 | 2.78% | - |
| 2013 | $75,210 | 1.57% | - |
| 2012 | $74,030 | - | - |
From Table 3 we note that the median annual salary of $92,870 in Southwest Maine nonmetropolitan area is in the middle of salary range for financial managers in state of Maine. In comparison, the annual salary of financial managers in Southwest Maine nonmetropolitan area is 22.0 percent (22.0%) lower than that in the highest paying Portland-South Portland-Biddeford and 11.1 percent (11.1%) higher than that in the lowest paying Northeast Maine nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Portland-South Portland-Biddeford | |
| Lewiston-Auburn | |
| Bangor | |
| Southwest Maine nonmetropolitan area | |
| Northeast Maine nonmetropolitan area |