The annual salary statistics of financial managers in Niles-Benton Harbor, Michigan is shown in Table 1. The wage data of financial managers in Niles-Benton Harbor 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 | $61,690 |
| 25th Percentile Wage | $82,920 |
| 50th Percentile Wage | $102,800 |
| 75th Percentile Wage | $132,140 |
| 90th Percentile Wage | $164,300 |
Table 1 shows the average annual salary for financial managers in Niles-Benton Harbor, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $164,300. The median (50th percentile) annual salary is $102,800. The average annual salary for the bottom 10 percent earners is $61,690.
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 | $102,800 | -7.71% | 1.05% |
| 2018 | $110,730 | -7.22% | - |
| 2017 | $118,720 | 5.85% | - |
| 2016 | $111,770 | 23.80% | - |
| 2015 | $85,170 | -0.59% | - |
| 2014 | $85,670 | -3.42% | - |
| 2013 | $88,600 | -14.81% | - |
| 2012 | $101,720 | - | - |
From Table 3 we note that the median annual salary of $102,800 in Niles-Benton Harbor is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Niles-Benton Harbor is 21.5 percent (21.5%) lower than that in the highest paying Detroit-Warren-Livonia and 28.6 percent (28.6%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.