SOC 11-3031 · May 2025 · BLS OEWS
Financial Managers — Northern Michigan
Northern Michigan nonmetropolitan area · 10 metro areas compared
The median wage for Financial Managers in Northern Michigan, MI is $115,940 per year, substantially below the national median of $166,570 — a gap of 30.4%.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
The median wage for Financial Managers in Northern Michigan, MI is $115,940 per year, substantially below the national median of $166,570 — a gap of 30.4%. Pay ranges from under $66,400 at the tenth percentile to more than $198,000 at the ninetieth, with the interquartile range running from $84,610 to $147,690.
The area has 300 jobs in this occupation, which works out to 2.5 of every thousand jobs. Midland leads the state's metro areas for this occupation, at $173,080. Set against every other occupation measured in the same area, it ranks 13th of 361 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $66,400 | −60.1% |
| 25th | $84,610 | −49.2% |
| Median (50th) | $115,940 | −30.4% |
| 75th | $147,690 | −11.3% |
| 90th | $198,000 | +18.9% |
| Mean | $124,940 | −25.0% |
Other metro areas in Michigan
What the pay is worth locally
Prices in Northern Michigan run 3.8% below the national average, so the median of $115,940 goes as far as $120,520 would elsewhere in the country. Measured that way it compares to the national median at 27.6% below the national median in real terms.
Published median
$115,940as reported by BLSLocal price level
96.2US average = 100 · BEA 2024Adjusted for local prices
$120,520US average = 100 · BEA 2024Key takeaways
- Median pay is $115,940 a year, 30.4% below the national median.
- Published pay spans $66,400 to $198,000 between the tenth and ninetieth percentiles.
- The area has 300 jobs in this occupation.
- The highest-paying metro area covered is Midland, at $173,080.
Frequently asked questions
What is the median wage for Financial Managers in Northern Michigan, MI?
The median annual wage is $115,940, or $55.74 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $166,570, so pay in Northern Michigan, MI is 30.4% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Northern Michigan, MI earns more than $198,000 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $66,400 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Midland, at $173,080 per year.
How many jobs are there in this occupation here?
The survey estimates 300 jobs in this occupation in Northern Michigan, MI. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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