Financial Managers Salary in Michigan
In Michigan, financial managers earn a median $139,370 a year, well below the national median of $166,570 (−16%); the state ranks 32nd of 51 states by median. Financial Managers earn 2.8 times the median across all occupations in Michigan ($49,270). Among neighbouring states, Ohio and Wisconsin pay more (up to $140,870 in Ohio) and Indiana pays less (down to $135,840 in Indiana). Michigan employs 22,490 financial managers, 5.11 per 1,000 jobs, the 10th largest count of any state. A location quotient of 0.94 is close to the national share.
Michigan vs the United States, May 2025
| Area | Basis | Percentile wage | Mean | Employment | Jobs per 1,000 | Location quotient | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 10th | 25th | Median | 75th | 90th | ||||||
| Michigan | Hourly | $38.60 | $50.71 | $67.01 | $87.56 | $124.27 | $76.01 | 22,490 | 5.11 | 0.94 |
| Annual | $80,280 | $105,490 | $139,370 | $182,120 | $258,480 | $158,110 | ||||
| United States | Hourly | $45.34 | $60.33 | $80.08 | $105.76 | $155.42 | $89.86 | 841,710 | – | – |
| Annual | $94,310 | $125,490 | $166,570 | $219,980 | $323,270 | $186,910 | ||||
- Rank by median
- 32nd of 51 states
- Rank by employment
- 10th of 51 states
- Location quotient
- 0.94
- Jobs per 1,000
- 5.11
Ranks count the 50 states and DC with a published value. The location quotient is the occupation's share of Michigan's employment divided by its national share; 1.00 means the same share as the nation. Take-home pay at these wages: FastCalc's take-home pay calculator.
Metropolitan areas in Michigan
16 metropolitan areas and 4 nonmetropolitan areas touching Michigan publish a row for financial managers, sorted by median. Areas crossing a state line are listed under every state they touch; a linked metro has its own profile.
| Area | Median hourly | Median annual | 10th pct (annual) | 90th pct (annual) | Employment | Jobs per 1,000 | Location quotient |
|---|---|---|---|---|---|---|---|
| Midland, MI | $83.21 | $173,080 | $100,260 | $313,940 | 310 | 8.21 | 1.52 |
| Detroit-Warren-Dearborn, MI | $77.04 | $160,240 | $91,520 | $285,500 | 11,670 | 6.13 | 1.13 |
| Jackson, MI | $72.08 | $149,930 | $78,680 | $232,080 | 310 | 5.53 | 1.02 |
| Monroe, MI | $67.36 | $140,110 | $70,540 | $244,060 | 150 | 3.62 | 0.67 |
| Ann Arbor, MI | $67.07 | $139,500 | $89,850 | $232,920 | 820 | 3.73 | 0.69 |
| Grand Rapids-Wyoming-Kentwood, MI | $64.13 | $133,380 | $77,680 | $223,180 | 2,820 | 4.72 | 0.87 |
| Lansing-East Lansing, MI | $63.74 | $132,590 | $80,780 | $213,640 | 1,190 | 5.48 | 1.01 |
| Kalamazoo-Portage, MI | $62.86 | $130,760 | $79,400 | $223,400 | 560 | 4.57 | 0.84 |
| Saginaw, MI | $62.03 | $129,020 | $79,170 | $208,920 | 410 | 5.07 | 0.94 |
| Flint, MI | $62.00 | $128,950 | $76,690 | $232,700 | 500 | 3.69 | 0.68 |
| South Bend-Mishawaka, IN-MI | $61.72 | $128,370 | $77,410 | $235,990 | 580 | 4.38 | 0.81 |
| Niles, MI | $61.37 | $127,650 | $69,920 | $219,500 | 260 | 4.30 | 0.79 |
| Battle Creek, MI | $61.24 | $127,370 | $65,820 | $221,220 | 180 | 3.24 | 0.60 |
| Bay City, MI | $59.68 | $124,130 | $64,130 | $207,840 | 120 | 3.60 | 0.66 |
| Muskegon-Norton Shores, MI | $57.72 | $120,070 | $64,140 | $204,700 | 180 | 2.92 | 0.54 |
| Traverse City, MI | $57.60 | $119,810 | $71,820 | $214,450 | 310 | 4.60 | 0.85 |
| Southern Michigan nonmetropolitan area | $62.20 | $129,380 | $75,540 | $224,530 | 480 | 3.56 | 0.66 |
| Mid Michigan nonmetropolitan area | $55.94 | $116,340 | $62,340 | $206,510 | 550 | 3.60 | 0.66 |
| Northern Michigan nonmetropolitan area | $55.74 | $115,940 | $66,400 | $198,000 | 300 | 2.53 | 0.47 |
| Upper Peninsula of Michigan nonmetropolitan area | $51.00 | $106,080 | $63,320 | $176,290 | 470 | 4.21 | 0.78 |
Neighbouring states
See the national page for Financial Managers (every state ranked) and the Michigan wage profile (every occupation in the state).
Source and notes
Data: BLS OEWS May 2025, released 2026-05-15. Cross-industry estimates, all ownerships. BLS page: OEWS Michigan estimates.
- Annual wages assume 2,080 hours a year at the hourly rate; occupations BLS publishes on one basis only show an en dash (–) on the other.
- Employment is rounded to the nearest 10 by BLS. Where BLS withholds a cell, nothing is estimated in its place.