Average Financial and Investment Analysts Salary in Ann Arbor, MI
Financial and Investment Analysts in Ann Arbor, MI, earn an average annual salary of $105,870. This figure is notably below the national average of $117,950, suggesting that local market dynamics and potentially a different industry focus within the region influence compensation. While the nominal salary is lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $105,870 per year.
- Growth Trend: Salaries have shifted 27.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,140.
- Outlook: With a local workforce of 320 Financial and Investment Analysts, Ann Arbor presents a moderate employment landscape for this profession. The Location Quotient of 0.67 indicates a slightly lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not as saturated as in some other major metropolitan areas. The rate of 1.489 jobs per 1,000 workers further contextualizes the availability of positions within the broader employment ecosystem.
Salary Overview
The average Financial and Investment Analysts in Ann Arbor, MI earns-10.2%below the national average.
$50.9
$2,036
$8,823
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Ann Arbor is not provided, it is generally assumed that salaries for Financial and Investment Analysts have seen consistent growth over the past four years, mirroring national trends. Economic expansion, evolving market demands, and inflation typically drive upward adjustments in compensation for skilled professionals in finance.
Financial and Investment Analysts Salary Distribution in Ann Arbor, MI
Salary progression for Financial and Investment Analysts in Ann Arbor typically correlates with experience and specialization. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with advanced degrees or specialized skills can command salaries significantly higher than the average. The widening gap between entry-level and senior roles, often seen across different salary percentiles, signifies substantial career growth potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $69,390 | $33.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $79,403 | $38.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,150 | $43.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $132,338 | $63.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,140 | $60.2 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$105,870
Gross Pay
Real Wage (Purchasing Power)
$105,870
Adjusted for COL (100)
The average annual salary of $105,870 in Ann Arbor, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that, on average, the purchasing power of a Financial and Investment Analyst's salary in Ann Arbor is equivalent to the national average. While the nominal salary is lower than the national average, the cost of living parity suggests that the take-home pay effectively covers expenses at a comparable rate to other parts of the country.
Job Market Context
320
Total Jobs
1.489
Per 1K Jobs
0.67
Location Quotient
Ann Arbor, MI has 0.67x 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.
A Location Quotient of 0.67 for Financial and Investment Analysts in Ann Arbor signifies that this profession is less concentrated locally than the national average. This suggests that while the demand for these professionals is present, the market is not as competitive or saturated as in areas with a higher concentration. This could present opportunities for skilled analysts seeking roles in a less crowded job market, though the overall number of available positions is moderate given the total workforce size.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Financial and Investment Analysts Salary | $100,700↓ 5% | 31 mi |
| Jackson, MI Financial and Investment Analysts Salary | $89,240↓ 16% | 34 mi |
| Detroit-Warren-Dearborn, MI Financial and Investment Analysts Salary | $106,490↑ 1% | 35 mi |
| Toledo, OH Financial and Investment Analysts Salary | $116,350↑ 10% | 43 mi |
| Flint, MI Financial and Investment Analysts Salary | $83,320↓ 21% | 52 mi |
Comparing salaries near Ann Arbor, MI
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Ann Arbor, MI?
The median annual salary for a Financial and Investment Analysts in Ann Arbor, MI is $105,870. This typically ranges from $69,390 for entry-level positions to $125,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Ann Arbor, MI is 10.2% lower than the national median of $117,950.
Is Ann Arbor, MI a lucrative place for Financial and Investment Analysts?
No, not significantly more lucrative than the national average.The average salary of $105,870 is below the national average of $117,950, although the cost of living is on par with the national average. This indicates that while your earnings will have comparable purchasing power, they are not exceeding typical national compensation levels.
Is Ann Arbor, MI a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Ann Arbor, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Ann Arbor, MI?
Some top paying nearby cities include Monroe, MI ($100,700) and Jackson, MI.
How does Ann Arbor's cost of living compare to the national average for Financial and Investment Analysts?
Ann Arbor's cost of living index is exactly 100, matching the national average. This means that the $105,870 average salary for Financial and Investment Analysts in Ann Arbor offers purchasing power equivalent to the national average salary across the country.
Is the job market for Financial and Investment Analysts strong in Ann Arbor?
The job market is moderate. With a total local workforce of 320 and a Location Quotient below 1.0, the concentration of these roles is lower than the national average, indicating a less saturated but not necessarily booming market.
What is the significance of the Location Quotient (LQ) for Financial and Investment Analysts in Ann Arbor?
An LQ of 0.67 means that Ann Arbor has about 67% of the national average concentration of Financial and Investment Analysts relative to its overall workforce. This suggests fewer specialists compared to the national benchmark.
How does the number of jobs per 1,000 workers impact the outlook for Financial and Investment Analysts in Ann Arbor?
With 1.489 jobs per 1,000 workers, this metric provides a localized view of job availability. While not exceptionally high, it indicates a steady presence of opportunities within the Ann Arbor employment landscape for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Ann Arbor, MI area with a job density of 1.489 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 Ann Arbor, MI