Average Financial and Investment Analysts Salary in Cleveland, OH
In Cleveland, OH, Financial and Investment Analysts earn an average annual salary of $108,040. This figure is slightly below the national average of $117,950, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the state. While not reaching the national benchmark, this salary offers a competitive income in a market with a cost of living that aligns with the national average.
Executive Summary
- Average Salary: $108,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,890.
- Outlook: Cleveland's market for Financial and Investment Analysts is moderately sized, with a local workforce of 1,910 professionals. The Location Quotient of 0.83 suggests a concentration slightly below the national average, indicating a stable but not exceptionally dense presence of these roles. With 1.839 jobs per 1,000 workers, the demand is present, supporting a consistent employment landscape for analysts in the region.
Salary Overview
The average Financial and Investment Analysts in Cleveland, OH earns-8.4%below the national average.
$51.9
$2,078
$9,003
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Cleveland is not provided, it is generally assumed that the financial sector, including roles like Financial and Investment Analysts, has experienced steady growth over the past four years. This trend is typically driven by evolving market dynamics, increased demand for financial expertise, and the overall economic health of the region, which would likely translate to incremental salary increases for these professionals.
Financial and Investment Analysts Salary Distribution in Cleveland, OH
The salary trajectory for Financial and Investment Analysts in Cleveland, OH, scales significantly with experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior compensation underscores the value placed on experience and specialized knowledge within the field, reflecting clear career progression opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,400 | $29 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,030 | $39 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,690 | $46 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $135,050 | $64.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $163,890 | $78.8 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$108,040
Gross Pay
Real Wage (Purchasing Power)
$108,040
Adjusted for COL (100)
The average annual salary of $108,040 in Cleveland, OH, is perfectly balanced by the local Cost of Living Index of 100, which is on par with the national average. This means that the purchasing power of a Financial and Investment Analyst's salary in Cleveland is equivalent to the national standard, making it a financially stable location for these professionals without the added pressure of a higher cost of living.
Job Market Context
1,910
Total Jobs
1.839
Per 1K Jobs
0.83
Location Quotient
Cleveland, OH 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.
With a Location Quotient of 0.83, Cleveland, OH, exhibits a job market for Financial and Investment Analysts that is slightly less concentrated than the national average. This suggests that while the profession is established, it is not as saturated as in some other major metropolitan areas. This can present a balanced competitive environment, offering opportunities without the intense competition often found in areas with a higher concentration of these specialized roles.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Akron, OH Financial and Investment Analysts Salary | $99,790↓ 8% | 29 mi |
| Canton-Massillon, OH Financial and Investment Analysts Salary | $98,810↓ 9% | 49 mi |
| Youngstown-Warren, OH Financial and Investment Analysts Salary | $98,560↓ 9% | 60 mi |
| Mansfield, OH Financial and Investment Analysts Salary | $89,920↓ 17% | 66 mi |
Comparing salaries near Cleveland, OH
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Cleveland, OH?
The median annual salary for a Financial and Investment Analysts in Cleveland, OH is $108,040. This typically ranges from $60,400 for entry-level positions to $163,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cleveland, OH is 8.4% lower than the national median of $117,950.
Is Cleveland, OH a lucrative place for Financial and Investment Analysts?
Yes, Cleveland, OH offers a financially stable environment for Financial and Investment Analysts.The average salary of $108,040 aligns perfectly with the national average cost of living, ensuring strong purchasing power. While the salary is slightly below the national average for the role, the balanced cost of living makes it a competitive market.
Is Cleveland, OH a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Cleveland, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cleveland, OH?
Some top paying nearby cities include Akron, OH ($99,790) and Canton-Massillon, OH.
How does the Cleveland Financial and Investment Analyst salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Cleveland, OH, is $108,040, which is approximately $9,910 less than the national average of $117,950.
What is the concentration of Financial and Investment Analysts in Cleveland, OH?
Cleveland, OH has a Location Quotient of 0.83 for Financial and Investment Analysts, indicating a slightly lower concentration of these professionals compared to the national average.
Does the cost of living in Cleveland affect the Financial and Investment Analyst salary?
No, the cost of living in Cleveland is at the national average (100), meaning the $108,040 salary has equivalent purchasing power to the national average salary in a higher cost-of-living area.
How many Financial and Investment Analysts are in Cleveland, OH?
There are approximately 1,910 Financial and Investment Analysts working in Cleveland, OH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,910 employees in the Cleveland, OH area with a job density of 1.839 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 Cleveland, OH