Michigan Median
$139,370
per year
Hourly Rate
$67.00
based on 2,080 hrs/yr
vs National
-16% vs US median
US median $166,570
State Rank
#32 of 51
22,490 employed here
How much does a Financial Manager make in Michigan?
A Financial Manager working in Michigan earns a median salary of $139,370 per year, or about $67.00 per hour. That is 16% below the national median of $166,570 for this occupation.
Within Michigan, entry-level pay starts around $80,280 while the top 10% make $258,480 or more. The middle 50% of earners fall between $105,490 and $182,120 a year.
Financial Manager salary range in Michigan
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $80,280 | $38.60 |
|
| 25th percentile (early career) | $105,490 | $50.72 |
|
| 50th percentile (median) | $139,370 | $67.00 |
|
| 75th percentile (experienced) | $182,120 | $87.56 |
|
| 90th percentile (top earners) | $258,480 | $124.27 |
|
How Michigan compares
Michigan ranks 32nd out of 51 states and territories for Financial Manager pay. The top 5 best-paying states:
Financial Manager salary in other states
New York $219,880Massachusetts $206,760New Jersey $199,110District of Columbia $188,880Virginia $185,220Colorado $182,690Delaware $181,580California $180,770Washington $174,840Connecticut $174,830Rhode Island $166,940Georgia $166,790North Carolina $166,780Illinois $165,880Texas $164,860Minnesota $163,410South Dakota $159,700Kansas $159,380Maryland $158,750Oregon $156,460Florida $153,280Utah $150,450Pennsylvania $145,610New Hampshire $144,730Missouri $143,460Tennessee $141,010Ohio $140,870Alabama $140,500Nebraska $140,360Arizona $139,830Wisconsin $139,720South Carolina $136,160North Dakota $135,890Indiana $135,840Hawaii $134,210New Mexico $133,700Maine $133,610Iowa $133,320Nevada $132,490Oklahoma $132,460Montana $131,060Kentucky $130,650Vermont $128,690Idaho $127,210Alaska $127,030Louisiana $126,800Wyoming $124,910Arkansas $116,570West Virginia $113,140Mississippi $111,390
Working as a Financial Manager in Michigan
Nationally, about 842,000 people work as Financial Managers in the United States. A master's degree (usually 5 to 6 years of college) is typically required.
Considering a move? Compare Michigan pay ($139,370) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Financial Manager make in Michigan?
The median Financial Manager salary in Michigan is $139,370 per year, or about $67.00 per hour, per official BLS state wage estimates. Salaries typically range from $80,280 at the entry level to $258,480 for the top 10% of earners.
How does Michigan pay compare to the national average?
Michigan pays Financial Managers about 16% less than the national median of $166,570. Michigan ranks 32nd out of 51 states and territories reporting this occupation.
Is Michigan a good state for Financial Managers?
Pay runs below the national median here, at $139,370 a year. About 22,490 Financial Managers are employed in Michigan. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in Michigan?
The highest-paying occupations in Michigan include Radiologist ($485,920), Airline Pilots, Copilots, and Flight Engineers ($428,570), Cardiologist ($419,030), based on median annual pay in official BLS state estimates.
← See the national Financial Manager salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.