The highest-paying states for financial managers (ranked by average annual salary) are listed in Table 1. The entry level salary (as measured by the salary of the lowest 10% paid earners) and the number of employment of financial managers in those states are also shown in the table. As shown in the table, with an annual salary of $197,080, New York is the highest paying state for financial managers. It is followed by New Jersey (average annual salary $160,660). The salary and employment information is computed from data published by U.S. Bureau of Labor Statistics (BLS) in April 2020 [1]. For more salary information of financial managers in a specific state, use the links in the table.
| Rank | State | Average Salary i | Entry Level Salary i |
# of Empl. i |
|---|---|---|---|---|
| 1 | New York | $197,080 |
$102,520 | 46,100 |
| 2 | New Jersey | $160,660 |
$91,960 | 22,000 |
| 3 | Delaware | $156,820 |
$98,750 | 2,290 |
| 4 | District of Columbia | $155,560 |
$114,590 | 7,200 |
| 5 | Virginia | $149,760 |
$86,120 | 16,250 |
| 6 | Colorado | $149,540 |
$84,380 | 7,480 |
| 7 | Connecticut | $147,590 |
$83,120 | 17,790 |
| 8 | Rhode Island | $145,430 |
$90,160 | 2,480 |
| 9 | California | $139,640 |
$73,830 | 92,060 |
| 10 | Maryland | $137,800 |
$77,050 | 12,840 |
| 11 | Massachusetts | $136,550 |
$71,830 | 33,520 |
| 12 | Pennsylvania | $136,440 |
$77,880 | 20,140 |
| 13 | North Carolina | $134,110 |
$72,290 | 16,680 |
| 14 | Illinois | $129,830 |
$70,780 | 41,900 |
| 15 | Texas | $128,630 |
$62,520 | 46,710 |
| 16 | South Dakota | $127,900 |
$85,230 | 680 |
| 17 | Washington | $126,910 |
$73,170 | 12,830 |
| 18 | Georgia | $126,460 |
$66,410 | 18,280 |
| 19 | Wisconsin | $125,580 |
$77,070 | 7,150 |
| 20 | Minnesota | $124,510 |
$75,620 | 15,750 |
| 21 | Missouri | $123,600 |
$71,580 | 8,380 |
| 22 | North Dakota | $121,980 |
$71,230 | 1,450 |
| 23 | Ohio | $121,110 |
$70,250 | 22,110 |
| 24 | Kansas | $119,330 |
$64,610 | 4,440 |
| 25 | Michigan | $117,660 |
$68,310 | 15,040 |
| 26 | New Hampshire | $117,500 |
$67,920 | 3,890 |
| 27 | Alabama | $114,570 |
$67,180 | 5,480 |
| 28 | Florida | $113,380 |
$60,190 | 32,860 |
| 29 | South Carolina | $112,040 |
$62,840 | 5,860 |
| 30 | Oregon | $111,750 |
$62,850 | 8,050 |
| 31 | Arizona | $110,430 |
$58,870 | 12,000 |
| 32 | Hawaii | $110,090 |
$66,580 | 2,820 |
| 33 | Indiana | $105,810 |
$54,610 | 8,330 |
| 34 | Iowa | $104,100 |
$59,500 | 8,630 |
| 35 | Nevada | $103,180 |
$58,840 | 6,060 |
| 36 | Maine | $103,120 |
$64,780 | 2,400 |
| 37 | Alaska | $101,910 |
$65,460 | 1,320 |
| 38 | Oklahoma | $101,790 |
$53,600 | 6,130 |
| 39 | Wyoming | $101,790 |
$59,270 | 710 |
| 40 | Utah | $101,590 |
$52,630 | 7,940 |
| 41 | Nebraska | $100,960 |
$56,880 | 3,940 |
| 42 | Tennessee | $98,850 |
$53,670 | 16,810 |
| 43 | Montana | $98,320 |
$52,590 | 850 |
| 44 | Kentucky | $96,050 |
$52,980 | 6,120 |
| 45 | New Mexico | $95,460 |
$64,450 | 2,090 |
| 46 | Louisiana | $94,850 |
$58,930 | 5,970 |
| 47 | Vermont | $94,810 |
$53,410 | 1,380 |
| 48 | Arkansas | $93,450 |
$43,510 | 4,810 |
| 49 | West Virginia | $88,680 |
$48,760 | 1,780 |
| 50 | Virgin Islands | $82,950 |
$53,150 | 220 |
| 51 | Mississippi | $82,370 |
$45,750 | 4,030 |
| 52 | Idaho | $81,970 |
$50,440 | 2,970 |
| 53 | Guam | $73,350 |
$43,480 | 330 |
| 54 | Puerto Rico | $70,610 |
$37,370 | 4,030 |