Financial Manager Salary in Detroit, MI
Financial Managers in the Detroit-Warren-Dearborn, MI metro area earn a median $160,240 a year — 4% less than the national median. After 2026 taxes, that is $114,231 take-home, or $9,519 a month.
Take-home pay calculator
Pre-filled with the median financial manager salary in Detroit, MI. Enter your own offer to see your paycheck.
- Federal income tax$27,192
- Social Security (6.2%)$9,935
- Medicare (1.45%)$2,323
- Michigan income tax$6,559
- Take-home pay$114,231
Marginal rate: 24% federal + 4.25% state
Financial Manager pay by experience in Detroit, MI
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $91,520 | $44.00 | $69,575 | $5,798 |
| 25th percentile | $117,480 | $56.48 | $86,735 | $7,228 |
| Median (50th) | $160,240 | $77.04 | $114,231 | $9,519 |
| 75th percentile | $206,780 | $99.41 | $145,383 | $12,115 |
| 90th percentile (top earners) | $285,500+ | $137.26 | $194,210 | $16,184 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Michigan resident, 2026 tax rules.
What $160,240 buys in Detroit, MI
Prices in Detroit, MI are 0.3% higher than the U.S. average (housing costs are 5% below the national average). Adjusted for local prices, a median financial manager's $114,231 take-home pay has the buying power of $113,891 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Financial Manager jobs are about as common in Detroit, MI as in the U.S. overall (location quotient 1.13).
Best-paying cities for financial managers, adjusted for cost of living
Detroit, MI ranks #67 of 177 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Bridgeport, CT | $211,000 | $146,519 | $137,107 |
| 2 | Sioux Falls, SD | $163,580 | $123,073 | $135,796 |
| 3 | New York, NY | $221,010 | $152,151 | $135,169 |
| 4 | Midland, TX | $172,520 | $129,183 | $134,871 |
| 5 | Boston, MA | $209,780 | $145,861 | $134,725 |
| 6 | San Jose, CA | $225,280 | $147,303 | $133,399 |
| 7 | Boulder, CO | $192,970 | $135,904 | $129,184 |
| 8 | Denver, CO | $193,400 | $136,206 | $128,761 |
| 67 | Detroit, MI | $160,240 | $114,231 | $113,891 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 177 metros →
Financial Manager salaries elsewhere in Michigan
- Lansing, MI — $132,590
- Grand Rapids, MI — $133,380
- Flint, MI — $128,950
- Kalamazoo, MI — $130,760
- Ann Arbor, MI — $139,500
Frequently asked questions
How much does a financial manager make in Detroit, MI?
The median financial manager salary in the Detroit-Warren-Dearborn, MI metro area is $160,240 a year, or about $77.04 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $117,480 and $206,780.
What is a financial manager’s take-home pay in Detroit, MI?
On the median $160,240 salary, a single filer living in Michigan takes home about $114,231 a year ($9,519 a month) after federal tax, Social Security, Medicare and $6,559 in Michigan taxes in 2026.
Is Detroit, MI a good place to work as a financial manager?
Pay here is 4% below the national median of $166,570. Local prices are 0.3% above the U.S. average, so the take-home pay buys what $113,891 would in a typical U.S. city. Detroit, MI ranks #67 of 177 metro areas for cost-of-living-adjusted pay in this job.
Can a financial manager afford rent in Detroit, MI?
HUD’s fair market rent for a one-bedroom in Detroit, MI is $1,128 a month ($1,413 for two bedrooms) — 12% of a median financial manager’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Detroit, MI
- Chief Executive — $239,200+
- Computer and Information Systems Manager — $170,040
- Architectural and Engineering Manager — $168,550
- Purchasing Manager — $163,660
- Sales Manager — $155,560
- Human Resources Manager — $149,980
- Marketing Manager — $149,310
- Managers, All Other — $138,970
- Natural Sciences Manager — $129,140
- Industrial Production Manager — $126,200
- Administrative Services Manager — $122,350
- Medical and Health Services Manager — $114,340