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Financial Managers Salary by State
There were an estimated 818,620 financial managers working in the United States in May 2024, according to the Bureau of Labor Statistics OEWS survey. The typical (median) financial manager earned $161,700 a year, or $77.74 an hour, while the mean annual wage was $180,470. Pay spans a wide range even inside the same occupation: the lowest-paid 10% of financial managers earned $86,490 or less, the bottom quarter earned $118,360 or less, the top quarter earned at least $214,210, and the top 10% earned at least $239,200+. Where a financial manager works matters almost as much as the job itself, as the state table below shows.
Where financial managers earn the most — and least
The highest median pay for financial managers is in New York, at $215,740 a year — 33.4% higher than the national median of $161,700. Next are New Jersey at $188,750 and District of Columbia at $181,210. At the other end, Arkansas posts the lowest published median, $103,410, which is 36.0% lower than the national figure. That is a top-to-bottom spread of about 2.1 times between the highest- and lowest-paying states for the same occupation — a gap driven by local labor markets, licensing, employer mix, and cost of living rather than by differences in the job title itself.
Where the financial manager jobs are
Employment is concentrated in a handful of large states. California alone employs 96,860 financial managers, and the three largest states — California, Texas, and New York — together account for 28% of all U.S. jobs in this occupation. Pay in the largest market, California, runs at a median of $174,920, 8.2% higher than the national median, so the biggest job market is also one of the better-paying ones. Smaller states can still be attractive: several low-population states post medians close to the national figure with far less competition for each opening.
Financial Manager salary by state — full table
Median and mean annual wages for financial managers in every state where BLS publishes an estimate for May 2024, ranked by median pay. The 90th-percentile column shows what the top-earning tenth of financial managers in each state make. Follow a state link for that state's full wage tables, or open a detailed guide where one is available.
| State | Employment | Median hourly | Median annual | Mean annual | 90th percentile |
|---|---|---|---|---|---|
| New York | 67,510 | $103.72 | $215,740 | $239,200+ | $239,200+ |
| New Jersey Detailed guide | 32,370 | $90.74 | $188,750 | $211,620 | $239,200+ |
| District of Columbia | 7,950 | $87.12 | $181,210 | $196,900 | $239,200+ |
| Massachusetts | 27,690 | $87.10 | $181,170 | $204,840 | $239,200+ |
| Delaware | 2,800 | $86.56 | $180,050 | $196,990 | $239,200+ |
| California | 96,860 | $84.10 | $174,920 | $210,640 | $239,200+ |
| Colorado | 11,460 | $84.06 | $174,840 | $198,380 | $239,200+ |
| Washington | 13,890 | $82.36 | $171,300 | $190,600 | $239,200+ |
| Virginia | 20,590 | $81.87 | $170,290 | $187,160 | $239,200+ |
| Connecticut | 20,200 | $81.60 | $169,730 | $195,700 | $239,200+ |
| Georgia | 22,720 | $78.58 | $163,450 | $181,800 | $239,200+ |
| Rhode Island | 2,310 | $77.16 | $160,490 | $173,800 | $239,200+ |
| Texas | 67,580 | $77.09 | $160,350 | $172,530 | $239,200+ |
| North Carolina | 21,170 | $77.09 | $160,340 | $176,900 | $239,200+ |
| Illinois Detailed guide | 53,400 | $76.92 | $159,990 | $177,310 | $239,200+ |
| Minnesota | 16,520 | $75.98 | $158,040 | $170,550 | $239,200+ |
| Maryland | 19,920 | $75.65 | $157,350 | $167,280 | $239,200+ |
| South Dakota | 870 | $73.09 | $152,020 | $168,970 | $224,650 |
| Oregon | 7,230 | $70.79 | $147,240 | $169,430 | $239,200+ |
| Florida | 47,710 | $68.80 | $143,100 | $167,830 | $239,200+ |
| New Hampshire | 4,090 | $68.04 | $141,520 | $161,010 | $239,200+ |
| Kansas | 4,820 | $66.82 | $138,980 | $154,730 | $239,200+ |
| Alabama | 6,390 | $66.37 | $138,040 | $153,650 | $239,200+ |
| Pennsylvania Detailed guide | 31,750 | $66.33 | $137,960 | $157,710 | $239,200+ |
| Utah | 8,670 | $66.23 | $137,760 | $158,110 | $239,200+ |
| Wisconsin | 13,750 | $66.12 | $137,530 | $154,510 | $239,200+ |
| Michigan | 19,690 | $65.05 | $135,290 | $153,860 | $239,130 |
| Maine | 3,040 | $64.62 | $134,410 | $168,440 | $239,200+ |
| Nebraska | 5,480 | $64.62 | $134,410 | $151,460 | $225,140 |
| Vermont | 1,960 | $64.29 | $133,720 | $146,110 | $210,170 |
| Missouri | 12,710 | $64.21 | $133,560 | $152,020 | $234,660 |
| Ohio | 27,920 | $64.16 | $133,450 | $151,520 | $239,200+ |
| Tennessee | 18,650 | $63.95 | $133,010 | $154,180 | $239,200+ |
| Indiana | 11,440 | $63.62 | $132,320 | $146,180 | $218,350 |
| Arizona | 14,570 | $63.60 | $132,290 | $152,100 | $239,200+ |
| Iowa | 9,400 | $62.79 | $130,600 | $142,600 | $217,600 |
| North Dakota | 1,960 | $62.53 | $130,070 | $151,000 | $234,680 |
| South Carolina | 9,380 | $61.35 | $127,610 | $145,180 | $226,870 |
| Hawaii | 3,420 | $61.23 | $127,370 | $137,840 | $209,790 |
| Oklahoma | 6,000 | $61.00 | $126,890 | $145,650 | $224,000 |
| Montana | 1,400 | $60.67 | $126,190 | $143,990 | $224,990 |
| Kentucky | 6,120 | $60.33 | $125,490 | $137,650 | $217,780 |
| Nevada | 7,240 | $59.88 | $124,560 | $141,580 | $235,410 |
| Idaho | 2,720 | $59.41 | $123,570 | $136,070 | $205,780 |
| Alaska | 2,090 | $59.03 | $122,770 | $134,970 | $199,210 |
| New Mexico | 2,430 | $58.74 | $122,180 | $134,210 | $204,510 |
| Louisiana | 7,320 | $57.38 | $119,360 | $131,920 | $208,880 |
| Wyoming | 660 | $56.92 | $118,390 | $131,050 | $202,250 |
| Mississippi | 3,730 | $50.95 | $105,970 | $123,590 | $202,320 |
| West Virginia | 2,430 | $50.85 | $105,760 | $121,900 | $185,230 |
| Arkansas | 6,500 | $49.72 | $103,410 | $128,690 | $216,600 |
Financial Manager wages in U.S. territories
| Area | Employment | Median hourly | Median annual | Mean annual | 90th percentile |
|---|---|---|---|---|---|
| Virgin Islands | 230 | $41.12 | $85,530 | $109,820 | $165,930 |
| Puerto Rico | 3,830 | $38.19 | $79,440 | $95,830 | $159,750 |
| Guam | 390 | $37.21 | $77,390 | $83,430 | $126,390 |
How to read these numbers
The median is the middle wage: half of financial managers earn more and half earn less. The mean is pulled up by the highest earners, which is why the mean of $180,470 sits above the median of $161,700 for this occupation. OEWS wages are gross pay before taxes and benefits, and BLS converts hourly rates to annual figures on a 2,080-hour, year-round full-time basis; part-time and seasonal workers' actual annual earnings can be lower. Figures marked with a plus sign are at or above the BLS reporting cap of $239,200 a year ($115.00 an hour).
Financial Manager salary FAQ
What is the average financial manager salary?
BLS put the mean annual wage for financial managers at $180,470 in May 2024, with a median of $161,700 ($77.74 an hour) across 818,620 U.S. jobs.
Which state pays financial managers the most?
New York has the highest median pay for financial managers, at $215,740 a year in May 2024 — 33.4% higher than the national median of $161,700.
Which state pays financial managers the least?
Among states where BLS publishes an estimate, Arkansas has the lowest median for financial managers, at $103,410 a year, 36.0% lower than the national median.
How many financial managers are there in the United States?
BLS estimated 818,620 financial managers jobs in May 2024. The largest state market is California, with 96,860 jobs.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2024 — bls.gov/oes. Figures checked October 2026.