Financial Managers Salary in Detroit, MI (2024)
Financial Managers in the Detroit-Warren-Dearborn, MI metro area earn a median of $141,770 per year ($68.16 per hour) based on 10,050 jobs counted by the Bureau of Labor Statistics in 2024. That is -12.3% against the national median of $161,700 for this occupation.
Pay distribution
The median is a single point on a wide curve. The table below shows where financial managers actually sit across the pay range in Detroit, MI, from the bottom decile to the top.
| Percentile | Hourly | Annual | Note |
|---|---|---|---|
| 10th percentile | $40.33 | $83,880 | |
| 25th percentile | $53.42 | $111,110 | |
| Median | $68.16 | $141,770 | half earn more, half earn less |
| 75th percentile | $87.55 | $182,110 | |
| 90th percentile | — | — | |
| Average (mean) | $77.60 | $161,410 |
How Detroit, MI compares
The local median of $141,770 runs -12.3% below the US median of $161,700 for this occupation; it pays 179.4% more than the metro-wide median across all jobs ($50,740); within the metro it ranks 14th of 657 detailed occupations by median pay.
| Benchmark | Median annual | Difference |
|---|---|---|
| Detroit, MI — this occupation | $141,770 | — |
| US median, same occupation (all areas) | $161,700 | -12.3% |
| Detroit, MI — all occupations | $50,740 | +179.4% |
| Highest metro in the US for this job | $216,520 | -34.5% |
The location quotient of 0.99 is close to 1.0: the occupation's share of local employment tracks the national average.
High confidence The relative standard error on this estimate is 1.1%, which is a tight margin — the figure is stable enough to plan around.
Ranked 14th of 657 detailed occupations in the metro by median annual wage.
Highest-paying jobs in Detroit, MI
To put $141,770 in context, these are the best-paid detailed occupations in the same metro area. This occupation sits 14th.
| Occupation | Median annual | Employment |
|---|---|---|
| Nurse Anesthetists | $230,450 | 1,590 |
| General Internal Medicine Physicians | $230,060 | 730 |
| Family Medicine Physicians | $218,340 | 2,470 |
| Physicists | $188,400 | 150 |
| Pediatricians, General | $182,040 | 350 |
| Dentists, General | $179,130 | 1,950 |
| Architectural and Engineering Managers | $167,890 | 8,720 |
| Computer and Information Systems Managers | $166,010 | 7,990 |
| Sales Managers | $157,900 | 8,260 |
| Natural Sciences Managers | $151,390 | 470 |
Where financial managers earn the most
Across the 25 metro areas with released data for this occupation, medians run from $134,990 to $216,520. These are the top markets.
| Metro area | Median annual | Employment |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ | $216,520 | 77,970 |
| San Francisco-Oakland-Fremont, CA | $211,730 | 18,380 |
| Boston-Cambridge-Newton, MA-NH | $188,490 | 22,830 |
| Seattle-Tacoma-Bellevue, WA | $180,770 | 9,460 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $177,690 | 25,520 |
| Denver-Aurora-Centennial, CO | $177,470 | 8,190 |
| Los Angeles-Long Beach-Anaheim, CA | $171,920 | 35,320 |
| Atlanta-Sandy Springs-Roswell, GA | $168,990 | 16,620 |
| San Diego-Chula Vista-Carlsbad, CA | $168,300 | 8,120 |
| Austin-Round Rock-San Marcos, TX | $168,100 | 6,910 |
See the full national picture on the Financial Managers salary by metro page.
Frequently asked questions
What is the median salary for financial managers in Detroit, MI?
The median annual wage is $141,770, or $68 per hour. That means half of the financial managers working in the Detroit-Warren-Dearborn, MI metro area earn more than this figure and half earn less. The average is $161,410.
Is financial managers pay in Detroit, MI above the local average?
Yes, it is 179.4% above the all-occupation median for the metro, which is $50,740. That comparison is the fairer one for judging local purchasing power, because it holds the metro's overall cost and wage level constant.
How does Detroit, MI pay compare with the rest of the US for this job?
At $141,770 the metro median is 12.3% lower than the US median of $161,700 for financial managers. Across the 25 metro areas covered here, this occupation ranges from $134,990 to $216,520.
How many financial managers work in Detroit, MI?
BLS counts about 10,050 people in this occupation in the metro area, or 5.26 jobs per 1,000 total jobs. The location quotient of 0.99 is close to 1.0: the occupation's share of local employment tracks the national average.
About these figures
Figures come from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2024 (employment relative standard error 2.6%). OEWS measures what employers pay, not what any individual earns; it excludes self-employed workers, and it does not adjust for local cost of living.
Read the full methodology, or the original data at bls.gov/oes.