The average annual salaries for other financial clerks in the state of Michigan are shown in Table 1. The comparison of the salary statistics of other financial clerks among Michigan cities 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 2022 and published in April 2023 [1].
| Percentile bracket | Average annual salary |
|---|---|
| 10th Percentile Wage | $38,600 |
| 25th Percentile Wage | $42,360 |
| 50th Percentile Wage | $44,510 |
| 75th Percentile Wage | $55,390 |
| 90th Percentile Wage | $58,500 |
Table 1 shows the average annual salary for other financial clerks in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $58,500. The median (50th percentile) annual salary is $44,510. The average annual salary for the bottom 10 percent is $38,600.
The table and chart below show the trend of the median salary of other financial clerks from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $44,510 | -5.39% | 17.79% |
| 2021 | $46,910 | -1.09% | - |
| 2020 | $47,420 | 11.41% | - |
| 2019 | $42,010 | 4.45% | - |
| 2018 | $40,140 | 6.40% | - |
| 2017 | $37,570 | 5.80% | - |
| 2016 | $35,390 | -3.70% | - |
| 2015 | $36,700 | 1.39% | - |
| 2014 | $36,190 | -3.90% | - |
| 2013 | $37,600 | 2.69% | - |
| 2012 | $36,590 | - | - |
Table 3 shows the median annual salary of other financial clerks in some Michigan cities and metropolitan areas. We note that the median annual salary of other financial clerks in state of Michigan ranges from $32,630 to $44,980. The highest paying area for other financial clerks in Michigan is Detroit-Warren-Livonia with a median annual salary of $44,980. The second highest paying city/area in Michigan State is Grand Rapids-Wyoming (mean annual salary $42,390). The lowest paying area is Warren-Troy-Farmington Hills with a median annual salary of $32,630.