Financial Manager Salary in Michigan
Financial Managers in Michigan earn an average of $159,123 per year across 1 metro area. This is +4.2% lower than the national average.
Average Salary
$159,123
per year
Hourly Rate
$76.50
per hour
vs National
-4.2%
$166,050 national
Salary Range
$104,889
to $232,243
Cost of Living Adjusted Salary
Nominal Salary
$159,123
Cost of Living Index
91
100 = national average
Adjusted Salary
$174,860
purchasing power equivalent
After adjusting for Michigan's cost of living (below average), a Financial Manager's salary of $159,123 has the purchasing power of $174,860 in an average-cost area.
Financial Manager Salary by City in Michigan
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Detroit, MI | $159,123 | $76.50/hr | $104,889 | $232,243 | 546 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Michigan vs National Average
Financial Manager Salary Comparison
Employment in Michigan
There are approximately 546 Financial Managers employed across 1 metro area in Michigan.
Key Industries: Automotive, Manufacturing, Healthcare
State Income Tax: 4.25% flat rate
Financial Manager Salary Range in Michigan
Entry Level (10th Percentile)
$104,889
Starting salary for new Financial Managers
Median (50th Percentile)
$159,123
Mid-career Financial Manager salary
Senior (90th Percentile)
$232,243
Top earners in the field
Related Occupations in Michigan
Financial Analyst
$95,703
avg in MI
-$63,420 vs Financial Manager
Management Analyst
$94,055
avg in MI
-$65,068 vs Financial Manager
Accountant
$75,710
avg in MI
-$83,413 vs Financial Manager
Market Research Analyst
$71,399
avg in MI
-$87,724 vs Financial Manager
Human Resources Specialist
$64,918
avg in MI
-$94,205 vs Financial Manager
Financial Manager Salary in Neighboring States
Compare Financial Manager salaries in Michigan with nearby states to find the best opportunities.
More Michigan Data
Frequently Asked Questions
What is the average Financial Manager salary in Michigan?
The average Financial Manager salary in Michigan is $159,123 per year ($76.50/hour) based on 2026 data across 1 metro areas. This is 4.2% below the national average of $166,050.
What is the highest paying city for Financial Managers in Michigan?
Detroit, MI is the highest paying city for Financial Managers in Michigan, with a median salary of $159,123 per year.
What is the salary range for Financial Managers in Michigan?
Financial Manager salaries in Michigan range from $104,889 (entry-level, 10th percentile) to $232,243 (experienced, 90th percentile). The median salary is $159,123 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Michigan. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.