Average Financial and Investment Analysts Salary in Akron, OH
Financial and Investment Analysts in Akron, OH, can expect an average annual salary of $99,790. This figure is notably below the national average of $117,950, reflecting local economic conditions and industry demand specific to the Akron metropolitan area. Factors such as the concentration of financial services firms and the overall economic landscape of Ohio influence this regional compensation.
Executive Summary
- Average Salary: $99,790 per year.
- Growth Trend: Salaries have shifted 21.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,250.
- Outlook: Akron's market for Financial and Investment Analysts features a local workforce of 580 professionals. With a Location Quotient of 0.82, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand relative to other professions. The presence of nearly two jobs per 1,000 workers indicates a consistent, albeit moderate, need for these analytical skills within the local economy.
Salary Overview
The average Financial and Investment Analysts in Akron, OH earns-15.4%below the national average.
$48
$1,919
$8,316
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Akron is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, evolving market complexities, and increased demand for sophisticated financial planning and analysis typically drive upward salary adjustments in this sector.
Financial and Investment Analysts Salary Distribution in Akron, OH
Salary progression for Financial and Investment Analysts in Akron is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive expertise and a proven track record can command significantly higher salaries. The percentile gaps between junior and senior roles highlight the substantial career growth and earning potential available through dedicated professional development and accumulated experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,250 | $28.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,843 | $36 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,270 | $46.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $124,738 | $60 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,250 | $63.1 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$99,790
Gross Pay
Real Wage (Purchasing Power)
$99,790
Adjusted for COL (100)
The average annual salary of $99,790 in Akron, OH, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of an analyst's salary in Akron is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Consequently, the nominal salary offers a standard of living comparable to the national benchmark.
Job Market Context
580
Total Jobs
1.803
Per 1K Jobs
0.82
Location Quotient
Akron, OH has 0.82x the national average concentration of Financial and Investment Analysts jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.82, Akron's market for Financial and Investment Analysts is less concentrated than the national average. This suggests that while the profession is present and valued, it is not a dominant industry hub. The job market is moderately competitive, with opportunities available but perhaps fewer than in areas with a higher concentration of financial services, indicating a balanced supply and demand dynamic.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Canton-Massillon, OH Financial and Investment Analysts Salary | $98,810↓ 1% | 20 mi |
| Cleveland, OH Financial and Investment Analysts Salary | $108,040↑ 8% | 29 mi |
| Youngstown-Warren, OH Financial and Investment Analysts Salary | $98,560↓ 1% | 46 mi |
| Mansfield, OH Financial and Investment Analysts Salary | $89,920↓ 10% | 57 mi |
Comparing salaries near Akron, OH
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Akron, OH?
The median annual salary for a Financial and Investment Analysts in Akron, OH is $99,790. This typically ranges from $59,250 for entry-level positions to $131,250 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Akron, OH is 15.4% lower than the national median of $117,950.
Is Akron, OH a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to national averages.While the average salary of $99,790 is substantial, it falls below the national average of $117,950. However, the cost of living matching the national average means the salary's purchasing power is standard.
Is Akron, OH a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Akron, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Akron, OH?
Some top paying nearby cities include Canton-Massillon, OH ($98,810) and Cleveland, OH.
How does Akron's Financial Analyst salary compare to the national average?
The average salary for Financial and Investment Analysts in Akron, OH, is $99,790, which is lower than the national average of $117,950.
What is the cost of living in Akron, OH for Financial Analysts?
Akron's cost of living index is 100, which is exactly the national average, meaning your salary will have standard purchasing power.
How many Financial and Investment Analysts work in Akron, OH?
There are approximately 580 Financial and Investment Analysts employed in the Akron, OH area.
Is the demand for Financial Analysts high in Akron, OH?
The demand is moderate, with 1.803 jobs per 1,000 workers and a Location Quotient of 0.82, indicating a presence slightly below the national concentration.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Akron, OH area with a job density of 1.803 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in Akron, OH