The annual salary statistics of financial managers in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage data of financial managers in Detroit-Livonia-Dearborn 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 | $70,110 |
| 25th Percentile Wage | $89,660 |
| 50th Percentile Wage | $121,810 |
| 75th Percentile Wage | $164,310 |
| 90th Percentile Wage | $202,130 |
Table 1 shows the average annual salary for financial managers in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $202,130. The median (50th percentile) annual salary is $121,810. The average annual salary for the bottom 10 percent earners is $70,110.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $121,810 | 10.54% | 10.46% |
| 2016 | $108,970 | 1.13% | - |
| 2015 | $107,740 | -0.63% | - |
| 2014 | $108,420 | -2.55% | - |
| 2013 | $111,180 | 1.90% | - |
| 2012 | $109,070 | - | - |
From Table 3 we note that with a median annual salary of $121,810, Detroit-Livonia-Dearborn is the second highest paying city for financial managers in state of Michigan, following the highest paying city Detroit-Warren-Livonia (median annual salary of $130,970). Compared with Detroit-Warren-Livonia, the median annual salary of financial managers in Detroit-Livonia-Dearborn is 7.0 percent (7.0%) lower.