Financial Manager Salary in Detroit, MI
2024 BLS OEWS Data · Finance · COL Index: 95.1
$141,770
Median Salary
$161,410
Mean Salary
$149,075
COL-Adjusted
10,050
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $83,880 | $88,202 |
| 25th Percentile | $111,110 | $116,835 |
| 50th Percentile (Median) | $141,770 | $149,075 |
| 75th Percentile | $182,110 | $191,493 |
| 90th Percentile (Top Earners) | $234,552 | $246,637 |
What Drives the Range
The $150,672 spread between the 10th and 90th percentiles for Financial Manager positions in Detroit, MI reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Detroit, MI's cost-of-living index of 95.1 means that a $141,770 median salary here has the same purchasing power as $149,075 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.