The annual salary statistics of financial managers in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage information of financial managers in Detroit-Warren-Livonia 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 | $78,720 |
| 25th Percentile Wage | $100,350 |
| 50th Percentile Wage | $130,970 |
| 75th Percentile Wage | $165,330 |
| 90th Percentile Wage | $185,440 |
Table 1 shows the average annual salary for financial managers in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $185,440. The median (50th percentile) annual salary is $130,970. The average annual salary for the bottom 10 percent earners is $78,720.
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 | $130,970 | 3.50% | 18.60% |
| 2018 | $126,380 | 3.66% | - |
| 2017 | $121,750 | 7.41% | - |
| 2016 | $112,730 | 1.22% | - |
| 2015 | $111,350 | 0.84% | - |
| 2014 | $110,420 | -1.54% | - |
| 2013 | $112,120 | 4.91% | - |
| 2012 | $106,610 | - | - |
From Table 3 we note that with a median annual salary of $130,970, Detroit-Warren-Livonia is the highest paying city for financial managers in state of Michigan, followed by Detroit-Livonia-Dearborn (median annual salary $121,810). In comparison, the median annual salary of financial managers in Detroit-Warren-Livonia is 7.0 percent (7.0%) higher than that in Detroit-Livonia-Dearborn.