Average Financial Managers Salary in Midland, MI
Financial Managers in Midland, MI, command an impressive average annual salary of $196,360, significantly exceeding the national average of $184,480. This elevated compensation is likely driven by the specialized nature of financial management roles and potentially a concentration of industries within Midland that require high-level financial expertise, justifying the premium pay.
Executive Summary
- Average Salary: $196,360 per year.
- Growth Trend: Salaries have shifted 19.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $294,540.
- Outlook: The local job market for Financial Managers in Midland, MI, appears robust, supported by a total local workforce of 310 individuals in this role. The Location Quotient of 1.55 indicates a higher concentration of these professionals compared to the national average, suggesting strong local demand and a potentially stable or growing job market for experienced financial leaders.
Salary Overview
The average Financial Managers in Midland, MI earns+6.4%above the national average.
$94.4
$3,776
$16,363
Financial Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Financial Managers in Midland, MI, have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity of financial regulations, and a persistent demand for skilled financial oversight likely contribute to upward salary adjustments.
Financial Managers Salary Distribution in Midland, MI
The salary trajectory for Financial Managers typically scales significantly with experience. Entry-level positions will naturally fall at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles highlights the substantial career progression and earning potential within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $107,680 | $51.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $147,270 | $70.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $178,150 | $85.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $245,450 | $118 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $294,540 | $141.6 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$196,360
Gross Pay
Real Wage (Purchasing Power)
$196,360
Adjusted for COL (100)
The average annual salary of $196,360 in Midland, MI, is particularly attractive when juxtaposed with a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a Financial Manager's salary in Midland is equivalent to the national average, allowing for a comfortable standard of living without the added expense often associated with higher nominal salaries in more costly regions.
Job Market Context
310
Total Jobs
8.218
Per 1K Jobs
1.55
Location Quotient
Midland, MI has 1.6x the national concentration of Financial Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.55, Midland, MI, demonstrates a notable concentration of Financial Managers relative to the national landscape. This suggests that the market is more specialized or that there is a higher demand for these professionals within the local economy compared to the average U.S. metropolitan area, potentially leading to a more competitive environment for employers seeking talent and favorable opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Bay City, MI Financial Managers Salary | $139,330↓ 29% | 17 mi |
| Saginaw, MI Financial Managers Salary | $135,120↓ 31% | 20 mi |
| Mid Michigan nonmetropolitan area Financial Managers Salary | $125,050↓ 36% | 26 mi |
| Southern Michigan nonmetropolitan area Financial Managers Salary | $140,670↓ 28% | 26 mi |
| Northern Michigan nonmetropolitan area Financial Managers Salary | $120,690↓ 39% | 26 mi |
Comparing salaries near Midland, MI
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Frequently Asked Questions
How much does a Financial Managers make in Midland, MI?
The median annual salary for a Financial Managers in Midland, MI is $196,360. This typically ranges from $107,680 for entry-level positions to $294,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Midland, MI is 6.4% higher than the national median of $184,480.
Is Midland, MI a lucrative place for Financial Managers?
Yes, Midland, MI is a lucrative location for Financial Managers.Financial Managers in Midland earn an average of $196,360, which is above the national average, and the local cost of living is at the national average, enhancing earning potential.
Is Midland, MI a good place to live for Financial Managers?
The Cost of Living Index in Midland, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Midland, MI?
Some top paying nearby cities include Bay City, MI ($139,330) and Saginaw, MI.
How does the Midland Financial Manager salary compare to the national average?
The average salary for Financial Managers in Midland, MI, is $196,360, which is $11,880 higher than the national average of $184,480.
What does a Location Quotient of 1.55 mean for Financial Managers in Midland?
A Location Quotient of 1.55 indicates that Financial Managers are 55% more concentrated in Midland, MI, than the national average, suggesting higher local demand or a specialized industry presence.
Is the cost of living in Midland, MI, high for Financial Managers?
No, the cost of living in Midland, MI, is exactly at the national average (index of 100), meaning a Financial Manager's salary there has average purchasing power.
What is the total number of Financial Managers in Midland, MI?
There are approximately 310 Financial Managers employed in the Midland, MI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Midland, MI area with a job density of 8.218 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 Midland, MI