Financial Managers Salary in Madison, WI
Financial Managers in Madison, WI make a median of $149,180 a year, or about $71.72 an hour. The range runs from $85K at the entry level to $232K for experienced workers. Adjusted for local prices (RPP 97.29), that's roughly $153,335 in purchasing power. Rent on a 2-bedroom averages $1,168/month, or 12.9% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $149K get you in Madison?
About financial managers
Compensation breakdown
Annual earnings by percentile, Madison, WI
Entry-level financial managers (10th percentile) start around $85K. Mid-career wages sit at $149K.Top earners bring in $232K or more - a $147K 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 Madison numbers change.
Related careers in Management
Frequently asked questions
How much do financial managers make in Madison, WI?
The median is $149,180 a year - that works out to about $71.72 an hour. The range is wide: entry-level workers start around $84,970, and experienced financial managers can clear $232,060. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $149K enough to live in Madison?
On that salary, you'd take home roughly $8,822/month after taxes. A 2-bedroom here rents for about $1,168/month (HUD Fair Market Rent), which eats 13.2% 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 Madison?
Madison has a Regional Price Parity of 97.29 (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 $153,335 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.