Average Financial and Investment Analysts Salary in Buffalo-Cheektowaga, NY
In Buffalo-Cheektowaga, NY, Financial and Investment Analysts earn an average annual salary of $100,230. This figure is notably below the national average of $117,950, reflecting regional economic factors and a slightly less concentrated demand for these specialized roles compared to the broader national landscape. The local market dynamics, including industry presence and the overall economic output of the region, play a significant role in shaping compensation levels.
Executive Summary
- Average Salary: $100,230 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $160,470.
- Outlook: The Buffalo-Cheektowaga area supports a local workforce of 970 Financial and Investment Analysts. With a Location Quotient of 0.83, the concentration of these professionals is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of nearly 2 professionals per 1,000 workers indicates a consistent need for financial expertise within the local economy, providing a solid foundation for employment opportunities.
Salary Overview
The average Financial and Investment Analysts in Buffalo-Cheektowaga, NY earns-15.0%below the national average.
$48.2
$1,928
$8,353
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Buffalo-Cheektowaga is not provided, it is generally assumed that salaries for Financial and Investment Analysts nationwide have experienced steady growth over the past four years, driven by increasing complexity in financial markets and a persistent demand for skilled analysts. This trend likely extends to Buffalo-Cheektowaga, with analysts seeing incremental increases in compensation as they gain experience and the local economy evolves.
Financial and Investment Analysts Salary Distribution in Buffalo-Cheektowaga, NY
Salary progression for Financial and Investment Analysts in Buffalo-Cheektowaga, as elsewhere, is strongly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with advanced degrees and a proven track record can command significantly higher salaries. The percentile gaps in compensation clearly signify career advancement opportunities, rewarding expertise and strategic financial acumen.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,970 | $30.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,173 | $36.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,080 | $42.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $125,288 | $60.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $160,470 | $77.1 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$100,230
Gross Pay
Real Wage (Purchasing Power)
$100,230
Adjusted for COL (100)
The average annual salary of $100,230 in Buffalo-Cheektowaga aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Financial and Investment Analyst's salary in Buffalo is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the area.
Job Market Context
970
Total Jobs
1.827
Per 1K Jobs
0.83
Location Quotient
Buffalo-Cheektowaga, NY has 0.83x 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 0.83 for Financial and Investment Analysts in Buffalo-Cheektowaga indicates that the profession is slightly less concentrated than the national average. This suggests a moderately competitive job market where demand is present but not overwhelmingly high, offering a balanced environment for both job seekers and employers. While not a hub of intense specialization, the market provides consistent opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Rochester, NY Financial and Investment Analysts Salary | $93,560↓ 7% | 65 mi |
| Erie, PA Financial and Investment Analysts Salary | $88,900↓ 11% | 83 mi |
Comparing salaries near Buffalo-Cheektowaga, NY
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Buffalo-Cheektowaga, NY?
The median annual salary for a Financial and Investment Analysts in Buffalo-Cheektowaga, NY is $100,230. This typically ranges from $62,970 for entry-level positions to $160,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Buffalo-Cheektowaga, NY is 15.0% lower than the national median of $117,950.
Is Buffalo-Cheektowaga, NY a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $100,230 is substantial, it falls below the national average of $117,950. However, the cost of living is on par with the national average, making the salary's purchasing power equivalent.
Is Buffalo-Cheektowaga, NY a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Buffalo-Cheektowaga, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Buffalo-Cheektowaga, NY?
Some top paying nearby cities include Rochester, NY ($93,560) and Erie, PA.
How does the Buffalo-Cheektowaga salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Buffalo-Cheektowaga is $100,230, which is approximately $17,720 less than the national average of $117,950.
What is the concentration of Financial and Investment Analysts in Buffalo-Cheektowaga?
The concentration, measured by the Location Quotient, is 0.83, indicating that the proportion of these analysts in Buffalo-Cheektowaga is slightly lower than the national average.
How does the cost of living in Buffalo-Cheektowaga affect the salary?
With a Cost of Living Index of 100, Buffalo-Cheektowaga is at the national average. This means the $100,230 salary offers purchasing power equivalent to the national average, despite being lower in nominal terms.
How many Financial and Investment Analysts work in Buffalo-Cheektowaga?
There are approximately 970 Financial and Investment Analysts employed in the Buffalo-Cheektowaga metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 970 employees in the Buffalo-Cheektowaga, NY area with a job density of 1.827 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 Buffalo-Cheektowaga, NY