The annual salary statistics of financial managers in Lansing-East Lansing, Michigan is shown in Table 1. The wage statistics of financial managers in Lansing-East Lansing 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 | $68,550 |
| 25th Percentile Wage | $83,920 |
| 50th Percentile Wage | $98,550 |
| 75th Percentile Wage | $126,830 |
| 90th Percentile Wage | $184,170 |
Table 1 shows the average annual salary for financial managers in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $184,170. The median (50th percentile) annual salary is $98,550. The average annual salary for the bottom 10 percent earners is $68,550.
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 | $98,550 | -0.62% | 8.64% |
| 2018 | $99,160 | -0.08% | - |
| 2017 | $99,240 | -3.56% | - |
| 2016 | $102,770 | 5.04% | - |
| 2015 | $97,590 | 2.16% | - |
| 2014 | $95,480 | 3.59% | - |
| 2013 | $92,050 | 2.18% | - |
| 2012 | $90,040 | - | - |
From Table 3 we note that the median annual salary of $98,550 in Lansing-East Lansing is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Lansing-East Lansing is 24.8 percent (24.8%) lower than that in the highest paying Detroit-Warren-Livonia and 25.5 percent (25.5%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.