The annual salary statistics of financial managers in Cleveland-Elyria-Mentor, Ohio is shown in Table 1. The wage data of financial managers in Cleveland-Elyria-Mentor 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 | $76,610 |
| 25th Percentile Wage | $95,750 |
| 50th Percentile Wage | $128,610 |
| 75th Percentile Wage | $185,810 |
| 90th Percentile Wage | $183,610 |
Table 1 shows the average annual salary for financial managers in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $183,610. The median (50th percentile) annual salary is $128,610. The average annual salary for the bottom 10 percent earners is $76,610.
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 | $128,610 | 0.81% | 23.98% |
| 2018 | $127,570 | 3.03% | - |
| 2017 | $123,700 | 6.13% | - |
| 2016 | $116,120 | 6.23% | - |
| 2015 | $108,890 | 8.13% | - |
| 2014 | $100,040 | 3.76% | - |
| 2013 | $96,280 | -1.55% | - |
| 2012 | $97,770 | - | - |
From Table 3 we note that with a median annual salary of $128,610, Cleveland-Elyria-Mentor is the highest paying city for financial managers in state of Ohio, followed by Springfield (median annual salary $125,820). In comparison, the median annual salary of financial managers in Cleveland-Elyria-Mentor is 2.2 percent (2.2%) higher than that in Springfield.
| Cities/Areas | Median Annual Salary |
|---|---|
| Cleveland-Elyria-Mentor | |
| Springfield | |
| Columbus | |
| Cincinnati-Middletown | |
| Eastern Ohio nonmetropolitan area | |
| Toledo | |
| Akron | |
| Dayton | |
| Canton-Massillon | |
| Other Ohio nonmetropolitan area | |
| Mansfield | |
| West Northwestern Ohio nonmetropolitan area | |
| Southern Ohio nonmetropolitan area | |
| Lima | |
| Sandusky |