The annual salary statistics of financial managers in Newark-Union, Pennsylvania is shown in Table 1. The wage information of financial managers in Newark-Union 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 | $96,240 |
| 25th Percentile Wage | $124,850 |
| 50th Percentile Wage | $159,470 |
| 75th Percentile Wage | $201,030 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for financial managers in Newark-Union, Pennsylvania in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $201,030. The median (50th percentile) annual salary is $159,470. The average annual salary for the bottom 10 percent earners is $96,240.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $159,470 | 4.57% | 13.95% |
| 2016 | $152,180 | -0.58% | - |
| 2015 | $153,060 | 1.06% | - |
| 2014 | $151,430 | 2.62% | - |
| 2013 | $147,470 | 6.94% | - |
| 2012 | $137,230 | - | - |
From Table 3 we note that with a median annual salary of $159,470, Newark-Union is the highest paying city for financial managers in state of Pennsylvania, followed by Philadelphia (median annual salary $156,020). In comparison, the median annual salary of financial managers in Newark-Union is 2.2 percent (2.2%) higher than that in Philadelphia.