SOC 11-3031 · Traverse City, MI metro

Financial Managers Salary in Traverse City, MI

The average salary for financial managers in Traverse City, Michigan is $138,690 a year ($66.68 an hour), according to BLS estimates for May 2025. The median is $119,810: half of the 310 people in this job in the Traverse City, MI metro area earn more than that, half earn less. That average is 27% less than the U.S. metro average for this job ($189,775).

$138,690average per year

$66.68 / hourMedian $119,810Take-home ≈ $100,413

  • $72K10th
  • $92K25th
  • $120KMedian
  • $170K75th
  • $214K90th

median average · bar = middle 50% of workers

310people in this job
-27%vs U.S. metro average
#12 of 15Michigan metros
93cost of living (U.S. = 100)
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Financial Managers pay range in Traverse City

New workers and the lowest-paid 10% earn about $71,820 a year or less, while the top 10% make $214,450 or more. The middle half of financial managers in Traverse City earn between $91,830 and $169,580.

  • $72K10th
  • $92K25th
  • $120KMedian
  • $170K75th
  • $214K90th

median average · bar = middle 50% of workers

Pay levelPer yearPer monthPer hour*
Average$138,690$11,558$66.68
Median$119,810$9,984$57.60
Entry level (25th percentile)$91,830$7,652$44.15
Experienced (75th percentile)$169,580$14,132$81.53

*Hourly figures assume 2,080 paid hours a year.

Financial Managers salary after taxes in Traverse City

On the average salary of $138,690, a single filer in Traverse City takes home about $100,413 a year, or $8,368 a month and $3,862 every two weeks. Taxes take 28% of gross pay.

Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).

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Is Traverse City a good place for financial managers? Pay vs. cost of living

Prices in the Traverse City area are 7% below the U.S. average (BEA price parity 93.4), so the average $138,690 buys what about $148,535 would buy in a typical U.S. metro. This job pays 2.5 times the median wage of all jobs in Traverse City ($47,470). A typical home costs $421,806, or 3.0 years of this average salary before tax.

See what $138,690 is worth in another city

Financial Managers salary in other Michigan cities

Traverse City ranks 12th of 15 Michigan metro areas for this job; Midland pays the most ($193,630).

All Financial Managers salaries in Michigan

Highest-paying cities for financial managers

San Jose, CA pays this job the most of the metro areas we cover ($273,690).

Financial Managers salary by city

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Reviewed before it counts. Financial Managers in Traverse City, MI.

Financial Managers salary in Traverse City: questions

How much do financial managers make an hour in Traverse City?

$66.68 an hour on average, and $57.60 at the median (BLS, May 2025).

What is the entry-level financial managers salary in Traverse City?

The lowest-paid 10% earn about $71,820 a year and the 25th percentile is $91,830, a fair guide to starting pay.

What is the financial managers take-home pay in Traverse City?

About $100,413 a year ($8,368 a month) for a single filer on the average salary of $138,690.

Do financial managers earn more in Traverse City than elsewhere?

The average here is 27% less than the U.S. metro average for this job ($189,775).

Sources and how to read this page

  • Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 11-3031; area Traverse City, MI (45900). Relative standard error of the mean wage: 2.1%.
  • Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
  • Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
  • Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
  • Job concentration: location quotient 0.85, this job is about as common as in the U.S. overall.

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