Financial Managers Salary in Michigan
Financial Managers in Michigan make a median of $135,290 a year, or about $65.05 an hour. The range runs from $80K at the entry level to $239K for experienced workers.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $135K get you in Michigan?
About financial managers
Compensation breakdown
Annual earnings by percentile, Michigan
Entry-level financial managers (10th percentile) start around $80K. Mid-career wages sit at $135K.Top earners bring in $239K or more - a $159K 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 Michigan numbers change.
Related careers in Management
Frequently asked questions
How much do financial managers make in Michigan?
The median is $135,290 a year - that works out to about $65.05 an hour. The range is wide: entry-level workers start around $79,650, and experienced financial managers can clear $239,130. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $135K enough to live in Michigan?
On that salary, you'd take home roughly $8,123/month after taxes. A 2-bedroom in this state rents for about $1,193/month (median of metro areas), which eats 14.7% 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 Michigan?
Michigan has a Regional Price Parity of 100 (100 is the national average). That's right at the national average. After cost-of-living adjustment, the median financial managers salary is worth about $135,290 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.