The annual salary statistics of financial managers in Northwest Lower Peninsula of Michigan nonmetropolitan area, Michigan is shown in Table 1. The wage data of financial managers in Northwest Lower Peninsula of Michigan nonmetropolitan area 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 | $53,430 |
| 25th Percentile Wage | $67,880 |
| 50th Percentile Wage | $83,160 |
| 75th Percentile Wage | $118,270 |
| 90th Percentile Wage | $160,220 |
Table 1 shows the average annual salary for financial managers in Northwest Lower Peninsula of Michigan nonmetropolitan area, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $160,220. The median (50th percentile) annual salary is $83,160. The average annual salary for the bottom 10 percent earners is $53,430.
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 | $83,160 | -9.67% | 10.21% |
| 2018 | $91,200 | 10.39% | - |
| 2017 | $81,720 | -10.19% | - |
| 2016 | $90,050 | 13.18% | - |
| 2015 | $78,180 | 2.47% | - |
| 2014 | $76,250 | 3.59% | - |
| 2013 | $73,510 | -1.58% | - |
| 2012 | $74,670 | - | - |
From Table 3 we note that the median annual salary of $83,160 in Northwest Lower Peninsula of Michigan nonmetropolitan area is in the middle of salary range for financial managers in state of Michigan. In comparison, the annual salary of financial managers in Northwest Lower Peninsula of Michigan nonmetropolitan area is 36.5 percent (36.5%) lower than that in the highest paying Detroit-Warren-Livonia and 11.7 percent (11.7%) higher than that in the lowest paying Northeast Lower Peninsula of Michigan nonmetropolitan area.