Financial Managers Salary in Grand Rapids-Wyoming-Kentwood, MI
Financial Managers in Grand Rapids-Wyoming-Kentwood, MI make a median of $130,090 a year, or about $62.55 an hour. The range runs from $78K at the entry level to $217K for experienced workers. Adjusted for local prices (RPP 95.55), that's roughly $136,149 in purchasing power. Rent on a 2-bedroom averages $1,519/month, or 19.2% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $130K get you in Grand Rapids-Wyoming-Kentwood?
About financial managers
Compensation breakdown
Annual earnings by percentile, Grand Rapids-Wyoming-Kentwood, MI
Entry-level financial managers (10th percentile) start around $78K. Mid-career wages sit at $130K.Top earners bring in $217K or more - a $140K spread from bottom to top.
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $216K | +33% | 67,510 |
| New Jersey | $189K | +17% | 32,370 |
| District of Columbia | $181K | +12% | 7,950 |
| Massachusetts | $181K | +12% | 27,690 |
| Delaware | $180K | +11% | 2,800 |
| California | $175K | +8% | 96,860 |
| Washington | $171K | +6% | 13,890 |
| Virginia | $170K | +5% | 20,590 |
| Connecticut | $170K | +5% | 20,200 |
| Georgia | $163K | +1% | 22,720 |
| Rhode Island | $160K | -1% | 2,310 |
| Texas | $160K | -1% | 67,580 |
| North Carolina | $160K | -1% | 21,170 |
| Illinois | $160K | -1% | 53,400 |
| Minnesota | $158K | -2% | 16,520 |
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Grand Rapids-Wyoming-Kentwood numbers change.
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Frequently asked questions
How much do financial managers make in Grand Rapids-Wyoming-Kentwood, MI?
The median is $130,090 a year - that works out to about $62.55 an hour. The range is wide: entry-level workers start around $77,640, and experienced financial managers can clear $217,420. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $130K enough to live in Grand Rapids-Wyoming-Kentwood?
On that salary, you'd take home roughly $7,845/month after taxes. A 2-bedroom here rents for about $1,519/month (HUD Fair Market Rent), which eats 19.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Grand Rapids-Wyoming-Kentwood?
Grand Rapids-Wyoming-Kentwood has a Regional Price Parity of 95.55 (100 is the national average). That's below average - your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial managers salary is worth about $136,149 in national-average purchasing power.
Where do financial managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.