LocalSalaryHub Salary Report
Financial Managers in Detroit, MI · Generated June 3, 2026
Financial Managers Salary in Detroit, MI $160,240/yr
$160,240
Mean: $168,730
~$124,987 est. take-home
$77.04
Based on 2,080 hrs/yr
100
100 = national avg
Salary Distribution
Where the median falls between the 25th and 75th percentile.
25th %
$117,480
Median
$160,240
75th %
$206,780
Median is in the 48th percentile of the typical range
Financial Managers in other MI cities
Compare the same occupation across cities in MI.
About Financial Managers salaries in Detroit, MI
Financial Managers in Detroit, MI earn a median of $160,240 per year, based on BLS Occupational Employment and Wage Statistics data. The mean salary is $168,730, which tends to skew higher because a small number of high earners pull the average up.
Most financial managers in this area earn between $117,480 and $206,780. Where you land depends on experience, employer type, and whether you have in-demand specializations.
That works out to roughly $77.04 per hour assuming a standard 2,080-hour work year. Actual hourly pay may differ for part-time or contract roles.
Career Outlook
16% growth. Companies are dealing with more complex regulation, global supply chain risk, and volatile markets — they need people who can actually manage the money, not just report on it. Tech and healthcare companies are paying the most.
Worth knowing: The CFO track often starts with a CPA or CFA plus an MBA. Financial managers who can speak data science (SQL, Python, BI tools) move up faster than those who can't.
Financial Managers Jobs in Detroit, MI
Median: $160,240/yr — browse openings that fit.
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Frequently Asked Questions
What is the average salary for a financial managers in Detroit?▾
The median — where half earn more and half earn less — is $160,240. The average (mean) is $168,730, which is higher because top earners pull it up.
How much does a financial managers make per hour in Detroit?▾
About $77.04/hour, based on a standard 2,080-hour work year. Part-time or overtime hours will change the actual rate.
What is the salary range for financial managers in Detroit?▾
The middle 50% earn between $117,480 and $206,780. Below $117,480 is typically entry-level; above $206,780 usually means significant experience or specialized skills.
Salary Conversion Table
How does $160,240 per year break down across different time periods?
| Period | Gross | Est. Take-Home |
|---|---|---|
| Yearly | $160,240 | $124,987 |
| Monthly | $13,353 | $10,416 |
| Biweekly | $6,163 | $4,807 |
| Weekly | $3,082 | $2,404 |
| Hourly (40h/wk) | $77.04 | $60.09 |
| Hourly (35h/wk) | $88.04 | $68.67 |
| Hourly (30h/wk) | $102.72 | $80.12 |
| Daily (8h) | $616 | $481 |
Take-home estimates use an effective tax rate of 22%. Actual amounts vary by filing status, deductions, and state tax.
Financial Managers: Highest-Paying Cities in the U.S.
Top 10 cities nationwide for financial managers, based on BLS median salary data.
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