Average Financial Managers Salary in Monroe, MI
The average salary for Financial Managerss in Monroe, MI is $156,880. While this is lower than the national average, the cost of living in Monroe, MI may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $156,880 per year.
- Growth Trend: Salaries have shifted 10.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $235,320.
- Outlook: The current demand for Financial Managerss is stable, with a local workforce of approximately 130 professionals. With a high job density of 3.118 per 1,000 jobs, there is a strong concentration of opportunities in this sector.
Salary Overview
The average Financial Managers in Monroe, MI earns-15.0%below the national average.
$75.4
$3,017
$13,073
Financial Managers Salary Trends (2020-2024)
Over the past 4 years, Financial Managers salaries in Monroe, MI have shown healthy growth of 10.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Financial Managers Salary Distribution in Monroe, MI
The earning potential for Financial Managerss in Monroe, MI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $77,730, while highly experienced professionals can command wages upwards of $235,320.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $77,730 | $37.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $117,660 | $56.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $144,040 | $69.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $196,100 | $94.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $235,320 | $113.1 |
Detailed Financial Managers Market Analysis
Relocation Context
Nominal Salary
$156,880
Gross Pay
Real Wage (Purchasing Power)
$156,880
Adjusted for COL (100)
In Monroe, MI, the Cost of Living Index is 100. This increases your effective purchasing power from $156,880 to $156,880.
Job Market Context
130
Total Jobs
3.118
Per 1K Jobs
0.59
Location Quotient
Monroe, MI has 0.59x 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.
130 people work as Financial Managers in Monroe, MI.
Moderate density — roughly 3.118 out of every 1,000 local jobs are in this profession.
Nearby Job Markets
Nearby Cities for Financial Managers
| City | Salary | Dist. |
|---|---|---|
| Toledo, OH Financial Managers Salary | $139,910↓ 11% | 20 mi |
| Ann Arbor, MI Financial Managers Salary | $162,830↑ 4% | 31 mi |
| Detroit-Warren-Dearborn, MI Financial Managers Salary | $161,410↑ 3% | 34 mi |
| Sandusky, OH Financial Managers Salary | $126,250↓ 20% | 48 mi |
| Jackson, MI Financial Managers Salary | $143,790↓ 8% | 57 mi |
Comparing salaries near Monroe, MI
Hiring Financial Managerss?
Frequently Asked Questions
How much does a Financial Managers make in Monroe, MI?
The median annual salary for a Financial Managers in Monroe, MI is $156,880. This typically ranges from $77,730 for entry-level positions to $235,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, MI is 15.0% lower than the national median of $184,480.
Is Monroe, MI a good place for Financial Managerss?
It depends on your priorities. While the average Financial Managers salary in Monroe, MI is $156,880 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Monroe, MI. See distinct detailed breakdown below.
Is Monroe, MI a good place to live for Financial Managers?
The Cost of Living Index in Monroe, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, MI?
Some top paying nearby cities include Toledo, OH ($139,910) and Ann Arbor, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 130 employees in the Monroe, MI area with a job density of 3.118 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 Monroe, MI