Financial Managers pay in Michigan
$158,110avg. a year
$76.01 an hour · 22,490 employed
Financial Managers in Michigan earn an average of $158,110 a year. That is $28,800 (15%) less than the U.S. average of $186,910. The best-paying metro area is Midland, MI at $193,630.
$139,370Median pay
$76.01Average hourly
+18%Avg. pay since 2020
#31Of 50 states + D.C.
Top-paying Michigan metro areas
Average pay for financial managers by metro area. Swipe to see all 16.
1310 jobs
Midland, MI
$193,630
$93.09 an hour
211,670 jobs
Detroit-Warren-Dearborn, MI
$168,730
$81.12 an hour
3820 jobs
Ann Arbor, MI
$160,420
$77.13 an hour
4310 jobs
Jackson, MI
$156,350
$75.17 an hour
5150 jobs
Monroe, MI
$152,280
$73.21 an hour
6560 jobs
Kalamazoo-Portage, MI
$149,060
$71.66 an hour
7500 jobs
Flint, MI
$148,020
$71.16 an hour
82,820 jobs
Grand Rapids-Wyoming-Kentwood, MI
$148,010
$71.16 an hour
9410 jobs
Saginaw, MI
$144,520
$69.48 an hour
10580 jobs
South Bend-Mishawaka, IN-MI
$144,090
$69.27 an hour
111,190 jobs
Lansing-East Lansing, MI
$143,210
$68.85 an hour
12260 jobs
Niles, MI
$140,070
$67.34 an hour
13310 jobs
Traverse City, MI
$138,690
$66.68 an hour
14180 jobs
Battle Creek, MI
$137,430
$66.07 an hour
15120 jobs
Bay City, MI
$135,770
$65.27 an hour
16180 jobs
Muskegon-Norton Shores, MI
$131,840
$63.39 an hour
Why people trust JobPayFacts
Official government dataEvery number comes from the U.S. Bureau of Labor Statistics wage survey of employers, not self-reported salaries.
Every state and city830 jobs across all 50 states, D.C. and 199 large metro areas.
Updated every yearNew figures each spring when BLS releases them. This site uses May 2025 data.
Financial Managers pay in Michigan, charted
Pay over time
Michigan, annual wage, May of each year
AverageMedian
Where Michigan financial managers work
Employment by metro area, May 2025
Average pay by state
May 2025 · Michigan highlighted · tap a state
AKMEWIVTNHWAIDMTNDMNILMINYMAORNVWYSDIAINOHPANJCTRICAUTCONEMOKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFL
Under $151k$151k–$163k$163k–$183k$183k+Michigan
Michigan vs. neighbors
Average pay, May 2025
| Area | Avg. pay | Hourly |
|---|---|---|
| United States | $186,910 | $89.86 |
| Michigan | $158,110 | $76.01 |
| Ohio | $162,780 | $78.26 |
| Wisconsin | $155,800 | $74.90 |
| Indiana | $153,260 | $73.69 |
Related jobs in Michigan
Average pay, Michigan, May 2025
Bureau of Labor Statistics OEWS
Questions and answers
How much do financial managers make in Michigan?
The average is $158,110 a year, and the median is $139,370. That is $28,800 (15%) less than the U.S. average of $186,910.
What is the hourly wage in Michigan?
$76.01 an hour on average; the median is $67.01.
Where in Michigan do they earn the most?
Midland, MI ($193,630), followed by Detroit-Warren-Dearborn, MI ($168,730). The lowest average among 16 metro areas with data is Muskegon-Norton Shores, MI ($131,840).
How does Michigan rank?
Michigan ranks #31 of 51 states (including D.C.) with published data for this job, by average pay.
Sources and notes. U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 (trend: May 2020–May 2025), occupation code 11-3031. State rank compares average pay across states with published data. Metro figures cover metropolitan statistical areas; a metro area can cross state lines. See also the national financial managers page. Wages are gross pay before taxes and don't include overtime premiums, tips, bonuses or benefits; self-employed workers aren't included. Year-to-year changes can partly reflect survey method changes, so treat the trend as a guide. How we use the data. JobPayFacts isn't affiliated with BLS.