Average Financial Managers Salary in Flint, MI
Financial Managers in Flint, MI earn an average annual salary of $144,060. This figure is notably below the national average of $184,480, suggesting that local economic factors and industry demand play a significant role in compensation within this Michigan city. The specific needs and scale of businesses operating in Flint directly influence the remuneration offered to these crucial financial professionals.
Executive Summary
- Average Salary: $144,060 per year.
- Growth Trend: Salaries have shifted 25.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $221,260.
- Outlook: The job market for Financial Managers in Flint, MI, while not exceptionally concentrated with a Location Quotient of 0.65, supports a local workforce of 460 professionals. This indicates a stable, albeit not rapidly expanding, demand for these roles within the city's economic landscape. The presence of nearly 3.5 jobs per 1,000 workers suggests consistent opportunities for skilled individuals in financial management.
Salary Overview
The average Financial Managers in Flint, MI earns-21.9%below the national average.
$69.3
$2,770
$12,005
Financial Managers Salary Trends (2020-2024)
While specific historical data for Flint is not provided, it is reasonable to assume that salaries for Financial Managers nationwide have seen a steady upward trend over the past four years, driven by inflation, increased complexity in financial regulations, and evolving business needs. This national growth likely translates, to some degree, to the Flint market, even if local factors moderate the pace of salary increases.
Financial Managers Salary Distribution in Flint, MI
The career trajectory for Financial Managers typically involves significant salary growth from entry-level to senior positions. Junior roles might start in the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles. The widening gap between entry-level and senior compensation reflects the increasing responsibility, strategic input, and proven track record expected of experienced financial leaders.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,760 | $37.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $108,045 | $51.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $127,470 | $61.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $180,075 | $86.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $221,260 | $106.4 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$144,060
Gross Pay
Real Wage (Purchasing Power)
$144,060
Adjusted for COL (100)
With an average annual salary of $144,060 and a Cost of Living Index of 100 (matching the national average), Financial Managers in Flint, MI, experience purchasing power that is aligned with the rest of the country. This means that the nominal salary translates directly to typical national living expenses, offering a stable financial foundation for residents.
Job Market Context
460
Total Jobs
3.433
Per 1K Jobs
0.65
Location Quotient
Flint, MI has 0.65x the national average concentration of Financial Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.65 for Financial Managers in Flint, MI, indicates that the concentration of these professionals is lower than the national average. This suggests that the job market may be less saturated compared to major metropolitan hubs, potentially offering unique opportunities for skilled individuals. However, it also implies that the demand might be more niche, requiring professionals to align their expertise with the specific needs of local industries.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Saginaw, MI Financial Managers Salary | $135,120↓ 6% | 30 mi |
| Bay City, MI Financial Managers Salary | $139,330↓ 3% | 40 mi |
| Mid Michigan nonmetropolitan area Financial Managers Salary | $125,050↓ 13% | 47 mi |
| Southern Michigan nonmetropolitan area Financial Managers Salary | $140,670↓ 2% | 47 mi |
| Northern Michigan nonmetropolitan area Financial Managers Salary | $120,690↓ 16% | 47 mi |
Comparing salaries near Flint, MI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Flint, MI?
The median annual salary for a Financial Managers in Flint, MI is $144,060. This typically ranges from $77,760 for entry-level positions to $221,260 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Flint, MI is 21.9% lower than the national median of $184,480.
Is Flint, MI a lucrative place for Financial Managerss?
No, not when compared to the national average.While Financial Managers in Flint earn a substantial $144,060 annually, this is significantly lower than the national average of $184,480. The cost of living being at the national average means the lower salary doesn't offer a distinct cost-of-living advantage.
Is Flint, MI a good place to live for Financial Managers?
The Cost of Living Index in Flint, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Flint, MI?
Some top paying nearby cities include Saginaw, MI ($135,120) and Bay City, MI.
What is the average salary for a Financial Manager in Flint, MI?
The average annual salary for a Financial Manager in Flint, MI is $144,060.
How does Flint's Financial Manager salary compare to the national average?
The average salary in Flint ($144,060) is approximately 22% lower than the national average ($184,480).
What is the cost of living in Flint, MI for Financial Managers?
The Cost of Living Index in Flint, MI is 100, which is exactly the national average, meaning living expenses are typical.
How concentrated is the Financial Manager job market in Flint, MI?
The job market concentration, measured by the Location Quotient, is 0.65, indicating fewer Financial Managers per worker in Flint compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Flint, MI area with a job density of 3.433 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial Managers • Data source: BLS OEWS 2024 •Jobs in Flint, MI