USLivingCost Salaries · Rent · Cost of Living

Financial Managers salary in Cleveland, OH

Financial Managers in the Cleveland, OH metropolitan area earn a median of $157,900 a year, an average of $176,610. About 6,300 people work in this occupation there. Figures are from the May 2025 U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS).

Financial Managers pay at a glance

Annual median wage
$157,900
Half earn more, half earn less
Annual mean wage
$176,610
Pulled up by top earners
10th percentile
$83,320
Bottom of the range
90th percentile
$348,520
Top of the range
People employed
6,300
In Cleveland metro area
Rent share of median wage
6.8%
Median rent ÷ median wage

What this wage buys in Cleveland

Rent from the ACS 2019-2023 5-Year Estimates, compared with the wage above

Median gross rent
$894
per month, in Cleveland, OH
Income needed for median rent
$35,800
Keeps rent at 30% of gross pay
Median financial managers wage
$157,900
341.1% above income needed for median rent
Rent as share of this wage
6.8%
12 months rent ÷ median wage
City median household income
$39,187
All households, not one occupation

Occupations are not paid the same everywhere, and this page does not explain why. It reports what the survey measured for the Cleveland area. Read the Cleveland, OH cost of living page for rent, income and the price level, or the methodology for how the numbers are compiled.

Financial Managers pay in other cities

Median annual wage, same occupation, same survey

New Orleans, LA
-15.1%
Median $134,110
Mean $152,160
Employed 1,970
Urban Honolulu, HI
-14.9%
Median $134,330
Mean $148,620
Employed 3,000
Aurora, CO
+22.5%
Median $193,400
Mean $214,610
Employed 7,490
Anaheim, CA
+11.0%
Median $175,310
Mean $204,650
Employed 34,480
Tampa, FL
same
Median $157,480
Mean $171,330
Employed 8,500
Arlington, TX
+7.2%
Median $169,200
Mean $187,310
Employed 26,600
Wichita, KS
-1.8%
Median $155,060
Mean $163,290
Employed 1,060
Bakersfield, CA
-3.1%
Median $153,030
Mean $166,070
Employed 900

See financial managers pay in every covered city.

Take-home pay calculator

Estimate your net pay after federal, state, and FICA taxes. Adjust filing status and allowances for your situation.

$
$
Gross annual income $157,900 / year
$157,900
Federal income tax 2024 brackets, Single filing
—
State income tax Ohio (OH)
—
FICA (Social Security + Medicare) 7.65% up to wage base
—
Pre-tax deductions 401(k), HSA, etc.
$0
Take-home pay (annual) After all taxes
—
Take-home per paycheck Monthly
—
Effective tax rate Total tax ÷ gross income
—

Estimates use 2024 federal tax brackets, FICA rates (6.2% SS up to $168,600, 1.45% Medicare + 0.9% >$200k), and state rates from Tax Foundation. Does not include local taxes, AMT, or tax credits. Consult a tax professional for actual liability.

Definitions used on this page

Annual median wage
The wage that half of the people in this occupation earn more than and half earn less than, for one year of work.
Annual mean wage
The average of all reported wages. It is higher than the median when a few very high earners pull it up.
Percentiles
The 10th percentile is the wage below which 10% of workers fall; the 90th is the wage above which only 10% rise. The gap between them shows how wide the pay range is.
Employment
The estimated number of jobs in this occupation in the metropolitan area, not the number of residents who hold it.

Sources and limits

Wages describe the metropolitan area, while rent and income describe the city boundaries. The two areas do not cover exactly the same ground. Wages are also averaged across a year and across every industry, so a specific employer can differ widely from the median shown here.