Financial Manager Salary by State
How much financial managers earn in each state. SOC code 11-3031 (Financial Managers). Bureau of Labor Statistics OEWS, May 2025.
- National median wage$166,570Half earn more, half less
- National mean wage$186,910Average of all workers
- Median hourly wage$80.08Mean $89.86/hour
- U.S. employment841,710Wage & salary jobs
- Top-paying stateNew York$246,560 mean
- States with data51 / 51Others not published by BLS
How much do financial managers make?
Nationally, financial managers earn a median of $166,570 a year and a mean of $186,910 (BLS OEWS May 2025). The middle half of the occupation earns between $125,490 (25th percentile) and $219,980 (75th percentile); the bottom 10% earn under $94,310 and the top 10% more than $323,270.
That median is 3.3× the median for all U.S. occupations ($50,980).
By state, the mean wage ranges from $246,560 in New York (highest) to $127,910 in West Virginia (lowest). After adjusting the median for each state’s price level, New York comes out on top at $203,781 in national-average dollars.
National pay distribution
| Percentile | Annual | Monthly | Hourly |
|---|---|---|---|
| 10th | $94,310 | $7,859 | $45.34 |
| 25th | $125,490 | $10,458 | $60.33 |
| Median | $166,570 | $13,881 | $80.08 |
| 75th | $219,980 | $18,332 | $105.76 |
| 90th | $323,270 | $26,939 | $155.42 |
| Mean | $186,910 | $15,576 | $89.86 |
25th and 75th percentile hourly figures are annual ÷ 2,080 hours.
Financial Manager salary in every state
Click a column heading to sort. Adjusted median = median × 100 ÷ BEA regional price parity (2024).
| State | Mean wage | Median wage | Median hourly | 10th pct | 90th pct | Adjusted median | Employment |
|---|---|---|---|---|---|---|---|
| New York | $246,560 | $219,880 | $105.71 | $124,670 | $370,780 | $203,781 | 80,810 |
| Massachusetts | $218,230 | $206,760 | $99.40 | $120,850 | $332,490 | $195,425 | 26,150 |
| New Jersey | $216,740 | $199,110 | $95.73 | $130,630 | $337,130 | $183,006 | 32,510 |
| California | $210,490 | $180,770 | $86.91 | $101,820 | $341,670 | $163,297 | 93,310 |
| District of Columbia | $210,420 | $188,880 | $90.81 | $130,880 | $349,420 | $171,865 | 8,930 |
| Colorado | $209,360 | $182,690 | $87.83 | $123,900 | $339,290 | $177,197 | 10,640 |
| Delaware | $203,890 | $181,580 | $87.30 | $129,930 | $321,620 | $181,944 | 2,810 |
| Connecticut | $201,260 | $174,830 | $84.05 | $98,540 | $333,370 | $168,755 | 20,040 |
| Virginia | $199,320 | $185,220 | $89.05 | $108,760 | $323,300 | $183,205 | 20,850 |
| North Carolina | $196,240 | $166,780 | $80.18 | $100,950 | $322,090 | $176,861 | 22,460 |
| Washington | $195,430 | $174,840 | $84.06 | $115,250 | $318,450 | $163,402 | 12,930 |
| Illinois | $183,920 | $165,880 | $79.75 | $100,070 | $313,110 | $165,880 | 52,720 |
| Georgia | $182,920 | $166,790 | $80.19 | $94,040 | $315,890 | $173,198 | 21,390 |
| Rhode Island | $181,400 | $166,940 | $80.26 | $97,180 | $304,310 | $163,187 | 2,570 |
| Texas | $180,170 | $164,860 | $79.26 | $98,250 | $309,290 | $169,784 | 71,870 |
| Minnesota | $176,560 | $163,410 | $78.56 | $99,250 | $277,680 | $165,730 | 16,680 |
| Oregon | $173,790 | $156,460 | $75.22 | $100,890 | $277,820 | $151,315 | 7,610 |
| South Dakota | $172,430 | $159,700 | $76.78 | $113,930 | $232,240 | $180,248 | 1,000 |
| Kansas | $171,510 | $159,380 | $76.62 | $97,510 | $273,640 | $176,892 | 5,190 |
| Maryland | $170,350 | $158,750 | $76.32 | $84,030 | $290,190 | $151,190 | 19,770 |
| Florida | $169,990 | $153,280 | $73.69 | $79,450 | $303,790 | $148,240 | 48,910 |
| Utah | $168,050 | $150,450 | $72.33 | $87,550 | $282,980 | $152,123 | 8,860 |
| Pennsylvania | $164,650 | $145,610 | $70.01 | $83,180 | $286,240 | $149,191 | 32,180 |
| Tennessee | $164,480 | $141,010 | $67.79 | $83,080 | $288,750 | $153,439 | 17,630 |
| Missouri | $163,820 | $143,460 | $68.97 | $86,950 | $273,420 | $157,996 | 13,330 |
| Ohio | $162,780 | $140,870 | $67.73 | $82,190 | $273,760 | $151,800 | 27,360 |
| New Hampshire | $160,920 | $144,730 | $69.58 | $87,270 | $243,350 | $138,896 | 4,330 |
| South Carolina | $160,800 | $136,160 | $65.46 | $78,930 | $277,850 | $145,315 | 9,020 |
| Alabama | $160,120 | $140,500 | $67.55 | $86,340 | $256,750 | $158,221 | 7,200 |
| Arizona | $158,550 | $139,830 | $67.23 | $80,690 | $254,840 | $138,858 | 14,900 |
| Michigan | $158,110 | $139,370 | $67.01 | $80,280 | $258,480 | $144,875 | 22,490 |
| Wisconsin | $155,800 | $139,720 | $67.17 | $83,100 | $236,620 | $148,480 | 15,530 |
| Nebraska | $155,410 | $140,360 | $67.48 | $89,990 | $227,640 | $155,782 | 5,630 |
| Nevada | $154,570 | $132,490 | $63.70 | $75,240 | $282,460 | $132,490 | 8,090 |
| Indiana | $153,260 | $135,840 | $65.31 | $80,610 | $234,710 | $145,595 | 12,560 |
| North Dakota | $153,130 | $135,890 | $65.33 | $87,610 | $229,150 | $152,685 | 2,140 |
| Oklahoma | $151,850 | $132,460 | $63.68 | $69,910 | $238,250 | $150,866 | 6,670 |
| Maine | $151,450 | $133,610 | $64.24 | $81,700 | $231,620 | $137,742 | 3,120 |
| Montana | $150,850 | $131,060 | $63.01 | $81,430 | $234,370 | $138,541 | 1,510 |
| Iowa | $149,730 | $133,320 | $64.10 | $80,020 | $225,920 | $151,845 | 9,130 |
| New Mexico | $147,820 | $133,700 | $64.28 | $90,750 | $216,360 | $145,011 | 2,530 |
| Hawaii | $146,850 | $134,210 | $64.52 | $79,060 | $220,190 | $122,009 | 3,790 |
| Vermont | $146,120 | $128,690 | $61.87 | $81,230 | $220,750 | $131,316 | 1,790 |
| Kentucky | $145,780 | $130,650 | $62.81 | $82,110 | $223,290 | $144,845 | 6,630 |
| Louisiana | $142,670 | $126,800 | $60.96 | $78,040 | $220,870 | $143,764 | 7,070 |
| Idaho | $142,420 | $127,210 | $61.16 | $76,890 | $213,230 | $133,204 | 3,120 |
| Alaska | $139,740 | $127,030 | $61.07 | $85,440 | $205,080 | $124,053 | 2,020 |
| Arkansas | $136,680 | $116,570 | $56.05 | $62,780 | $225,010 | $134,143 | 7,120 |
| Wyoming | $134,710 | $124,910 | $60.06 | $64,140 | $203,230 | $134,746 | 730 |
| Mississippi | $128,380 | $111,390 | $53.55 | $58,250 | $210,520 | $128,034 | 3,470 |
| West Virginia | $127,910 | $113,140 | $54.40 | $73,260 | $199,920 | $126,413 | 2,610 |
Highest median pay
- New York — $219,880
- Massachusetts — $206,760
- New Jersey — $199,110
- District of Columbia — $188,880
- Virginia — $185,220
Lowest median pay
- Mississippi — $111,390
- West Virginia — $113,140
- Arkansas — $116,570
- Wyoming — $124,910
- Louisiana — $126,800
Best pay after cost of living
- New York — $203,781
- Massachusetts — $195,425
- Virginia — $183,205
- New Jersey — $183,006
- Delaware — $181,944
The most financial managers work in California (93,310 jobs), New York and Texas.
Frequently asked questions
How much does a financial manager make?
The national median wage for financial managers is $166,570 a year and the mean is $186,910, according to BLS OEWS May 2025 estimates.
Which state pays financial managers the most?
New York has the highest mean wage for financial managers at $246,560.
Which state pays financial managers the least?
West Virginia has the lowest mean wage for financial managers among states with published data, at $127,910.
Where do financial managers earn the most after cost of living?
Dividing each state’s median wage by its BEA price level, New York ranks first at $203,781 in national-average dollars, followed by Massachusetts and Virginia.