Sep 24, 2020
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How Much Money Financial Managers Make In Every State 2019

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Financial managers rank one of the highest-paid occupations in 2018 consistent with Bureau of Labor. [+] GETTY Consistent with the Bureau of Labor Statistics (BLS) 22 financial managers rank one of the top-earning occupations in the United States according to the latest salary data from 2018. In fact once you exclude medical occupations from the list financial managers have the seventh-highest annual mean wage in the country earning an average of $146 830 a year

 

There s more excellent news for financial managers. Consistent with the BLS s Occupational Outlook Handbook employment of financial managers is projected to grow by 19% — much faster than average — from 2016 to 2026. However not all states pay financial managers a similar salary. So in order to earn the main money in this field read on for a whole breakdown of where financial managers incomes are the lowest and where their incomes are the highest

 

10 States Where Financial Managers Earn the Most Money Staring at salaries by state reveals that financial managers earn more than the national average in only 12 states in addition the District of Columbia: California
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Connecticut
Delaware
C. Maryland
Massachusetts
New Jersey
New York
North Carolina
Pennsylvania
Texas
Virginia Not surprisingly several of these states comprise the list of the top-10 highest-paying states for financial managers. Rank State 2018 Average Annual Wage
1 New York $210 510
2 New Jersey $175 880
3 Connecticut $167 160
4 Delaware $167 110 District of Columbia $166 710
5 Virginia $164 030
6 Colorado $163 740
7 California $157 480
8 Pennsylvania $156 730
9 Maryland $152 180
10 Texas $149 990 New York New Jersey and Connecticut are hardly surprising given the quality and quantity of financial firms located in these states centered upon New York City

 

More: How Much Architects Earn in Every State 10 States Where Financial Managers Earn the Least Money Geographically the lowest-paying states for financial managers are in the South — Mississippi West Virginia Arkansas Louisiana and Tennessee; and states in the Mountain division — Idaho New Mexico. Montana and Utah. The single exception is Alaska located in the Pacific division of the U

 

S. Rank State 2018 Average Annual Wage
50 Idaho $95 690
49 Mississippi $101 840
48 West Virginia $102 670
47 New Mexico $104 790
46 Arkansas $106 530
45 Louisiana $106 950
44 Montana $109 940
43 Alaska $110 010
42 Utah $110 750
41 Tennessee $111 460 Some of the lowest-paying states for financial managers also are one of the lowest in terms of median household income

 

Consistent with the U. S. Census Bureau s 2017 American Community Survey No. 49 Mississippi has the lowest median household income in the country $42 009; No. 46 Arkansas has the second-lowest household income $43 813; and No. 48 West Virginia has the third-lowest median household income in the U. S. $44 061. How Much Financial managers Earn in All 50 States Here s a look at average financial manager salaries by state

 

Each state s overall ranking is mentioned and D. C. is included as well. Below is the whole 50-state breakdown for financial managers. Rank State 2018 Average Annual Wage
24 Alabama $128 690
43 Alaska $110 010
34 Arizona $117 620
46 Arkansas $106 530
7 California $157 480
6 Colorado $163 740
3 Connecticut $167 160
4 Delaware $167 110 District of Columbia $166 710
21 Florida $132 850
13 Georgia $145 920
32 Hawaii $118 740
50 Idaho $95 690
15 Illinois $144 680
30 Indiana $119 820
36 Iowa $114 620
23 Kansas $129 660
37 Kentucky $114 420
45 Louisiana $106 950
31 Maine $119 080
9 Maryland $152 180
12 Massachusetts $148 300
25 Michigan $128 270
20 Minnesota $133 970
49 Mississippi $101 840
16 Missouri $136 520
44 Montana $109 940
38 Nebraska $113 910
28 Nevada $123 890
27 New Hampshire $124 700
2 New Jersey $175 880
47 New Mexico $104 790
1 New York $210 510
11 North Carolina $149 710
29 North Dakota $123 890
18 Ohio $135 610
40 Oklahoma $111 700
33 Oregon $118 680
8 Pennsylvania $156 730
14 Rhode Island $145 120
26 South Carolina $125 710
22 South Dakota $132 030
41 Tennessee $111 460
10 Texas $149 990
42 Utah $110 750
39 Vermont $113 610
5 Virginia $164 030
17 Washington $136 480
48 West Virginia $102 670
19 Wisconsin $134 850
35 Wyoming $116 920 Besides current financial manager salaries by state we looked at change over the years

 

The state with the biggest growth during the last five years is Maine where the average salary rose from $90 930 in 2013 to $119 080 in 2018. In Hawaii and Wisconsin average salaries for financial managers grew by more than a quarter from 2013 to 2018. And in 16 states plus D

 

C. average annual salaries increased by 20% or more. Trending Now: Places in Each State That Are Still Recovering From the 2000s

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