The annual salary statistics of financial managers in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of financial managers in Grand Rapids-Wyoming 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 | $69,900 |
| 25th Percentile Wage | $83,940 |
| 50th Percentile Wage | $108,540 |
| 75th Percentile Wage | $138,770 |
| 90th Percentile Wage | $171,120 |
Table 1 shows the average annual salary for financial managers in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $171,120. The median (50th percentile) annual salary is $108,540. The average annual salary for the bottom 10 percent earners is $69,900.
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 | $108,540 | -2.75% | 18.95% |
| 2018 | $111,520 | 2.80% | - |
| 2017 | $108,400 | 5.18% | - |
| 2016 | $102,780 | 3.50% | - |
| 2015 | $99,180 | 4.14% | - |
| 2014 | $95,070 | 2.82% | - |
| 2013 | $92,390 | 4.78% | - |
| 2012 | $87,970 | - | - |
From Table 3 we note that the median annual salary of $108,540 in Grand Rapids-Wyoming is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Grand Rapids-Wyoming is 17.1 percent (17.1%) lower than that in the highest paying Detroit-Warren-Livonia and 32.4 percent (32.4%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.