The annual salary statistics of financial managers in Kalamazoo-Portage, Michigan is shown in Table 1. The wage data of financial managers in Kalamazoo-Portage 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 | $52,940 |
| 25th Percentile Wage | $72,000 |
| 50th Percentile Wage | $98,780 |
| 75th Percentile Wage | $126,100 |
| 90th Percentile Wage | $170,120 |
Table 1 shows the average annual salary for financial managers in Kalamazoo-Portage, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $170,120. The median (50th percentile) annual salary is $98,780. The average annual salary for the bottom 10 percent earners is $52,940.
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 | $98,780 | -1.68% | 7.31% |
| 2018 | $100,440 | -0.20% | - |
| 2017 | $100,640 | -8.33% | - |
| 2016 | $109,020 | 9.77% | - |
| 2015 | $98,370 | 9.80% | - |
| 2014 | $88,730 | -2.78% | - |
| 2013 | $91,200 | -0.39% | - |
| 2012 | $91,560 | - | - |
From Table 3 we note that the median annual salary of $98,780 in Kalamazoo-Portage is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Kalamazoo-Portage is 24.6 percent (24.6%) lower than that in the highest paying Detroit-Warren-Livonia and 25.7 percent (25.7%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.