Pay for financial managers in every state, what it comes to after tax, and how far it goes after local prices and rent.
Financial managers earn a median of $166,570 a year, or $80.08 an hour, 226.7% more than the $50,980 median for all jobs. Pay is highest in New York ($219,880) and lowest in Mississippi ($111,390). Occupation code 11-3031 in the Bureau of Labor Statistics survey.
Half of the 841,710 financial managers in the survey earn between $125,490 and $219,980. The bottom tenth earn under $94,310, the figure the Bureau itself uses as a rough guide to starting pay, and the top tenth more than $323,270. The average is $186,910; it sits above the median because the top earners pull it up.
| Nationally | Per year | Per hour |
|---|---|---|
| Bottom 10% earn less than | $94,310 | $45.34 |
| Bottom quarter earn less than | $125,490 | $60.33 |
| Median | $166,570 | $80.08 |
| Top quarter earn more than | $219,980 | $105.76 |
| Top 10% earn more than | $323,270 | $155.42 |
Hourly figures divide the yearly ones by 2,080 hours, the survey's own full-time year. Convert any salary.
The highest state medians are in New York ($219,880), Massachusetts ($206,760), New Jersey ($199,110), District of Columbia ($188,880) and Virginia ($185,220). The lowest are in Mississippi ($111,390), West Virginia ($113,140), Arkansas ($116,570), Wyoming ($124,910) and Louisiana ($126,800).
Higher pay often comes with higher prices. Adjusted for each state's price level, pay goes furthest in New York ($203,742 at national prices), Massachusetts ($195,505), Virginia ($183,197), New Jersey ($182,997) and Delaware ($181,929).
The most financial managers work in California (93,310), New York (80,810) and Texas (71,870). Relative to all jobs, the work is most common in District of Columbia (12.7 per 1,000 jobs), Connecticut (11.8) and Illinois (8.6).
On the national median of $166,570, a single filer in a state with no income tax takes home about $125,117 a year after federal tax, Social Security and Medicare, or $4,812 every two weeks. On each state's own median and taxes, take-home ranges from $83,137 in Mississippi to $150,961 in New York. Work out your own paycheck.
The typical rent in each state's median county takes a median 12.6% of a financial manager's gross pay, and stays under the usual 30% guideline in all 50 states and DC. With 10% down at a 7.03% mortgage rate, a single financial manager earning the state median could afford the typical home in its median county in 42 of the 50 states and DC, under the 28% guideline. On the national median alone, that guideline stretches to about $500,327. Try it with your own numbers, or see where this pay covers the typical rent.
| Alabama | $140,500 | $67.55 | −15.7% | $158,180 | $100,313 | 11.7% | 7,200 |
| Alaska | $127,030 | $61.07 | −23.7% | $124,102 | $98,091 | 17.3% | 2,020 |
| Arizona | $139,830 | $67.23 | −16.1% | $138,890 | $103,344 | 14.3% | 14,900 |
| Arkansas | $116,570 | $56.05 | −30.0% | $134,086 | $86,891 | 11.3% | 7,120 |
| California | $180,770 | $86.91 | +8.5% | $163,268 | $121,572 | 16.3% | 93,310 |
| Colorado | $182,690 | $87.83 | +9.7% | $177,279 | $128,096 | 13.3% | 10,640 |
| Connecticut | $174,830 | $84.05 | +5.0% | $168,739 | $121,523 | 13.7% | 20,040 |
| Delaware | $181,580 | $87.30 | +9.0% | $181,929 | $124,408 | 12.5% | 2,810 |
| District of Columbia | $188,880 | $90.81 | +13.4% | $171,864 | $126,182 | 16.1% | 8,930 |
| Florida | $153,280 | $73.69 | −8.0% | $148,220 | $116,033 | 15.0% | 48,910 |
| Georgia | $166,790 | $80.19 | +0.1% | $173,211 | $116,944 | 12.1% | 21,390 |
| Hawaii | $134,210 | $64.52 | −19.4% | $122,063 | $93,880 | 28.3% | 3,790 |
| Idaho | $127,210 | $61.16 | −23.6% | $133,213 | $91,472 | 14.6% | 3,120 |
| Illinois | $165,880 | $79.75 | −0.4% | $165,950 | $116,434 | 8.7% | 52,720 |
| Indiana | $135,840 | $65.31 | −18.4% | $145,550 | $100,105 | 10.5% | 12,560 |
| Iowa | $133,320 | $64.10 | −20.0% | $151,911 | $97,324 | 9.3% | 9,130 |
| Kansas | $159,380 | $76.62 | −4.3% | $176,955 | $111,396 | 9.5% | 5,190 |
| Kentucky | $130,650 | $62.81 | −21.6% | $144,911 | $95,993 | 11.6% | 6,630 |
| Louisiana | $126,800 | $60.96 | −23.9% | $143,753 | $94,130 | 12.6% | 7,070 |
| Maine | $133,610 | $64.24 | −19.8% | $137,671 | $93,555 | 14.9% | 3,120 |
| Maryland | $158,750 | $76.32 | −4.7% | $151,250 | $112,030 | 14.7% | 19,770 |
| Massachusetts | $206,760 | $99.40 | +24.1% | $195,505 | $143,568 | 14.2% | 26,150 |
| Michigan | $139,370 | $67.01 | −16.3% | $144,850 | $100,602 | 11.5% | 22,490 |
| Minnesota | $163,410 | $78.56 | −1.9% | $165,695 | $111,761 | 9.4% | 16,680 |
| Mississippi | $111,390 | $53.55 | −33.1% | $128,104 | $83,137 | 15.5% | 3,470 |
| Missouri | $143,460 | $68.97 | −13.9% | $157,966 | $102,759 | 10.8% | 13,330 |
| Montana | $131,060 | $63.01 | −21.3% | $138,475 | $93,892 | 14.0% | 1,510 |
| Nebraska | $140,360 | $67.48 | −15.7% | $155,777 | $101,117 | 11.1% | 5,630 |
| Nevada | $132,490 | $63.70 | −20.5% | $132,518 | $101,823 | 16.4% | 8,090 |
| New Hampshire | $144,730 | $69.58 | −13.1% | $138,943 | $110,189 | 17.2% | 4,330 |
| New Jersey | $199,110 | $95.73 | +19.5% | $182,997 | $137,706 | 13.8% | 32,510 |
| New Mexico | $133,700 | $64.28 | −19.7% | $144,992 | $96,641 | 13.2% | 2,530 |
| New York | $219,880 | $105.71 | +32.0% | $203,742 | $150,961 | 8.4% | 80,810 |
| North Carolina | $166,780 | $80.18 | +0.1% | $176,812 | $118,606 | 11.6% | 22,460 |
| North Dakota | $135,890 | $65.33 | −18.4% | $152,756 | $102,442 | 10.7% | 2,140 |
| Ohio | $140,870 | $67.73 | −15.4% | $151,842 | $104,393 | 11.1% | 27,360 |
| Oklahoma | $132,460 | $63.68 | −20.5% | $150,792 | $96,056 | 11.5% | 6,670 |
| Oregon | $156,460 | $75.22 | −6.1% | $151,372 | $104,473 | 13.1% | 7,610 |
| Pennsylvania | $145,610 | $70.01 | −12.6% | $149,233 | $106,320 | 10.8% | 32,180 |
| Rhode Island | $166,940 | $80.26 | +0.2% | $163,219 | $118,260 | 17.7% | 2,570 |
| South Carolina | $136,160 | $65.46 | −18.3% | $145,239 | $98,203 | 13.4% | 9,020 |
| South Dakota | $159,700 | $76.78 | −4.1% | $180,277 | $120,421 | 9.7% | 1,000 |
| Tennessee | $141,010 | $67.79 | −15.3% | $153,489 | $107,646 | 12.7% | 17,630 |
| Texas | $164,860 | $79.26 | −1.0% | $169,859 | $123,948 | 10.7% | 71,870 |
| Utah | $150,450 | $72.33 | −9.7% | $152,179 | $107,404 | 13.9% | 8,860 |
| Vermont | $128,690 | $61.87 | −22.7% | $131,373 | $92,162 | 16.5% | 1,790 |
| Virginia | $185,220 | $89.05 | +11.2% | $183,197 | $127,516 | 11.9% | 20,850 |
| Washington | $174,840 | $84.06 | +5.0% | $163,382 | $130,769 | 12.5% | 12,930 |
| West Virginia | $113,140 | $54.40 | −32.1% | $126,418 | $84,040 | 11.7% | 2,610 |
| Wisconsin | $139,720 | $67.17 | −16.1% | $148,488 | $99,963 | 10.4% | 15,530 |
| Wyoming | $124,910 | $60.06 | −25.0% | $134,760 | $96,642 | 12.8% | 730 |
Click a column to sort it. “After local prices” divides the median by the state's price level (national average = 100). Take-home is for a single filer on the state median with no retirement or health deductions. Rent share is a year of the typical rent in the state's median county against the median pay. A dash means the survey publishes no figure.
Operations Manager $105,770 · IT Manager $175,140 · Sales Manager $148,270 · Healthcare Manager $123,860 · Marketing Manager $166,790 · Construction Manager $114,990 · School Principal $105,870 · HR Manager $149,280