Financial manager salary in Michigan
The median financial manager in Michigan earns $139,370 a year, or $67.01 an hour, in the Bureau of Labor Statistics’ May 2025 survey. That is 16% below the national median of $166,570, and 32nd of the 54 states and territories BLS publishes.
The middle half of Michigan’s 22,490 financial managers earn between $105,490 and $182,120. The highest paying metro area in the state is Midland, MI, at $173,080.
Liaison does the routine half of a financial manager’s job for 4% of what one costs in Michigan. See how.
Financial manager salary by city in Michigan
Every metro area in Michigan where BLS publishes a median for financial managers, highest first. A metro that crosses a state line appears under each of its states.
| Metro area | Median annual | Median hourly | Middle half earns | Employed |
|---|---|---|---|---|
| Midland, MI | $173,080 | $83.21 | $135,610 to $221,940 | 310 |
| Detroit-Warren-Dearborn, MI | $160,240 | $77.04 | $117,480 to $206,780 | 11,670 |
| Jackson, MI | $149,930 | $72.08 | $106,660 to $193,760 | 310 |
| Monroe, MI | $140,110 | $67.36 | $104,520 to $175,880 | 150 |
| Ann Arbor, MI | $139,500 | $67.07 | $113,060 to $181,710 | 820 |
| Grand Rapids-Wyoming-Kentwood, MI | $133,380 | $64.13 | $102,020 to $170,510 | 2,820 |
| Lansing-East Lansing, MI | $132,590 | $63.74 | $106,250 to $166,020 | 1,190 |
| Kalamazoo-Portage, MI | $130,760 | $62.86 | $104,500 to $172,670 | 560 |
| Saginaw, MI | $129,020 | $62.03 | $102,590 to $167,070 | 410 |
| Flint, MI | $128,950 | $62.00 | $98,560 to $172,210 | 500 |
| South Bend-Mishawaka, IN-MI | $128,370 | $61.72 | $94,740 to $176,010 | 580 |
| Niles, MI | $127,650 | $61.37 | $97,440 to $169,300 | 260 |
| Battle Creek, MI | $127,370 | $61.24 | $89,760 to $164,000 | 180 |
| Bay City, MI | $124,130 | $59.68 | $85,770 to $167,100 | 120 |
| Muskegon-Norton Shores, MI | $120,070 | $57.72 | $85,770 to $150,520 | 180 |
| Traverse City, MI | $119,810 | $57.60 | $91,830 to $169,580 | 310 |
What a financial manager costs an employer in Michigan
Wages are the start. At employers with fewer than 50 workers, benefits add 35% on top (BLS Employer Costs for Employee Compensation), so a financial manager at the Michigan median costs about $188,200 a year. The employer’s view for every state and metro is on what a financial manager costs, and the routine part of the job is what Liaison does inside the tools a business already runs.
The routine half of a financial manager’s job, for 4% of what one costs in Michigan.
- Watches cash, receivables, payables and margin every morning, from the books and the bank.
- Forecasts cash 30, 60 and 90 days out from how customers actually pay.
- Answers “can we make payroll Friday” with the numbers behind it.
Professional is $629 a month, $7,548 a year, against about $188,200 a year for a financial manager at the Michigan median once benefits are added. On Professional we connect your tools, bring your data in and set up the first rules with you. Anything that moves money waits for your yes.
“Cut our month-end close from 4 days to 4 hours.” Marcus C., owner
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Questions
How much does a financial manager make in Michigan?
The median financial manager in Michigan earned $139,370 a year, or $67.01 an hour, in May 2025. The middle half earned between $105,490 and $182,120. Nationally the median is $166,570, so Michigan pays 16% less than the country as a whole.
Which cities in Michigan pay financial managers the most?
Midland, MI ($173,080), Detroit-Warren-Dearborn, MI ($160,240) and Jackson, MI ($149,930).
What does a financial manager cost an employer in Michigan?
Benefits at employers with fewer than 50 workers add 35% on top of wages, so a financial manager at the Michigan median costs about $188,200 a year. The employer’s view is at useliaison.com/back-office-costs/financial-manager.
Financial manager salary in other states
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, occupation 11-3031. Annual figures assume 2,080 hours a year. Updated 2026-10-02.
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