Financial Managers salary · Michigan
Financial Managers Salary in Michigan
Financial Managers in Michigan earn a median of $139,370 a year, which is $67.01 an hour. That is $27,200 below the national median of $166,570, a difference of 16 percent. The state employs 22,490.
Michigan against the US May 2025
| Figure | Michigan | United States |
|---|---|---|
| Median annual | $139,370 | $166,570 |
| Median hourly | $67.01 | $80.08 |
| Mean annual | $158,110 | $186,910 |
| 10th percentile | $80,280 | $94,310 |
| 90th percentile | $258,480 | $323,270 |
| Employment | 22,490 | 841,710 |
How Michigan compares
By median pay, Michigan ranks 12 of the 12 states this site reports for financial managers. Ranking is on the published median only. It says nothing about how far that salary goes once housing, state income tax and commuting are paid, and those differences between states are frequently larger than the pay gap itself.
Other states for financial managers May 2025
| State | Median | Hourly | Jobs |
|---|---|---|---|
| New York | $219,880 | $105.71 | 80,810 |
| Massachusetts | $206,760 | $99.40 | 26,150 |
| New Jersey | $199,110 | $95.73 | 32,510 |
| California | $180,770 | $86.91 | 93,310 |
| Georgia | $166,790 | $80.19 | 21,390 |
| North Carolina | $166,780 | $80.18 | 22,460 |
| Illinois | $165,880 | $79.75 | 52,720 |
| Texas | $164,860 | $79.26 | 71,870 |
| Florida | $153,280 | $73.69 | 48,910 |
| Pennsylvania | $145,610 | $70.01 | 32,180 |
| Ohio | $140,870 | $67.73 | 27,360 |
Common questions
How much do financial managers make in Michigan?
The median salary for financial managers in Michigan is $139,370 a year, or $67.01 an hour. That is $27,200 below the national median of $166,570, a difference of 16 percent. Michigan employs 22,490 of them.
Is Michigan a good state to work as a financial manager?
On pay alone, Michigan ranks 12 of the 12 states this site reports for the occupation, by median salary. Pay is only half the question though: a state with a higher median can still leave you with less once housing and taxes are counted, and this site does not adjust for cost of living.
What is the pay range for financial managers in Michigan?
The lowest-paid 10 percent earn $80,280 or less and the highest-paid 10 percent earn $258,480 or more. The middle half falls between $105,490 and $182,120.
Where these numbers come from
Published by the U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 release, for SOC code 11-3031 in Michigan. Nothing on this page is interpolated or averaged by this site. See the national financial managers salary page for the full picture, or how to read these figures for what the survey covers.