The annual salary statistics of financial managers in Muskegon-Norton Shores, Michigan is shown in Table 1. The wage data of financial managers in Muskegon-Norton Shores 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 | $54,720 |
| 25th Percentile Wage | $72,020 |
| 50th Percentile Wage | $96,430 |
| 75th Percentile Wage | $122,430 |
| 90th Percentile Wage | $148,640 |
Table 1 shows the average annual salary for financial managers in Muskegon-Norton Shores, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $148,640. The median (50th percentile) annual salary is $96,430. The average annual salary for the bottom 10 percent earners is $54,720.
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 | $96,430 | -5.24% | 6.45% |
| 2018 | $101,480 | 4.67% | - |
| 2017 | $96,740 | 0.44% | - |
| 2016 | $96,310 | 0.17% | - |
| 2015 | $96,150 | -3.94% | - |
| 2014 | $99,940 | 2.99% | - |
| 2013 | $96,950 | 6.95% | - |
| 2012 | $90,210 | - | - |
From Table 3 we note that the median annual salary of $96,430 in Muskegon-Norton Shores is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Muskegon-Norton Shores is 26.4 percent (26.4%) lower than that in the highest paying Detroit-Warren-Livonia and 23.9 percent (23.9%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.