Average Financial and Investment Analysts Salary in Grand Rapids-Wyoming-Kentwood, MI
Financial and Investment Analysts in the Grand Rapids-Wyoming-Kentwood, MI area earn an average annual salary of $102,610. This figure is notably below the national average of $117,950, suggesting that local market dynamics, industry concentration, or regional economic factors may influence compensation levels in this metropolitan area.
Executive Summary
- Average Salary: $102,610 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,450.
- Outlook: With a local workforce of 740 Financial and Investment Analysts and a Location Quotient of 0.6, the job market in Grand Rapids-Wyoming-Kentwood, MI, indicates a slightly lower concentration of these professionals compared to the national average. While the absolute number of jobs suggests a stable presence, the below-average LQ points to a less specialized or dominant market for this role within the region.
Salary Overview
The average Financial and Investment Analysts in Grand Rapids-Wyoming-Kentwood, MI earns-13.0%below the national average.
$49.3
$1,973
$8,551
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Grand Rapids is not provided, it is generally assumed that the salaries for Financial and Investment Analysts nationwide have experienced steady growth over the past four years, driven by increasing demand for financial expertise and evolving market complexities. This national trend likely influences local compensation, even if regional factors create a differential.
Financial and Investment Analysts Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Salary progression for Financial and Investment Analysts typically scales significantly with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and expertise. The gap between entry-level and senior roles signifies substantial career growth potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,660 | $29.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $76,958 | $37 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,160 | $41.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $128,263 | $61.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,450 | $62.2 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$102,610
Gross Pay
Real Wage (Purchasing Power)
$102,610
Adjusted for COL (100)
The average annual salary of $102,610 in Grand Rapids-Wyoming-Kentwood, MI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, indicating a balanced economic environment where earnings are commensurate with the cost of goods and services.
Job Market Context
740
Total Jobs
1.322
Per 1K Jobs
0.6
Location Quotient
Grand Rapids-Wyoming-Kentwood, MI has 0.60x 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 0.6 for Financial and Investment Analysts in Grand Rapids-Wyoming-Kentwood, MI, suggests that the concentration of these roles is 40% lower than the national average. This implies that the job market for these professionals is less saturated and potentially less competitive than in major financial hubs, offering a different landscape for job seekers and employers.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Muskegon-Norton Shores, MI Financial and Investment Analysts Salary | $99,440↓ 3% | 35 mi |
| Kalamazoo-Portage, MI Financial and Investment Analysts Salary | $89,650↓ 13% | 48 mi |
| Battle Creek, MI Financial and Investment Analysts Salary | $90,140↓ 12% | 51 mi |
| Lansing-East Lansing, MI Financial and Investment Analysts Salary | $91,180↓ 11% | 58 mi |
| Mid Michigan nonmetropolitan area Financial and Investment Analysts Salary | $85,870↓ 16% | 62 mi |
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Financial and Investment Analysts in Grand Rapids-Wyoming-Kentwood, MI is $102,610. This typically ranges from $61,660 for entry-level positions to $129,450 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 13.0% lower than the national median of $117,950.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Financial and Investment Analysts?
No, not as lucrative as the national average.While the average salary of $102,610 is substantial, it falls below the national average of $117,950. However, the cost of living is also at the national average, making the purchasing power comparable.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($99,440) and Kalamazoo-Portage, MI.
How does the Grand Rapids salary compare to the national average?
The average salary for Financial and Investment Analysts in Grand Rapids-Wyoming-Kentwood, MI, is $102,610, which is $15,340 less than the national average of $117,950.
What is the Cost of Living in Grand Rapids-Wyoming-Kentwood, MI?
The Cost of Living Index for Grand Rapids-Wyoming-Kentwood, MI, is 100, which is exactly the national average.
How concentrated are Financial and Investment Analyst jobs in Grand Rapids?
The concentration of Financial and Investment Analyst jobs in Grand Rapids is below the national average, indicated by a Location Quotient of 0.6.
What does a Location Quotient of 0.6 mean for job seekers?
A Location Quotient of 0.6 suggests that there are fewer Financial and Investment Analyst jobs per capita in Grand Rapids compared to the national average, potentially indicating a less specialized market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 1.322 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 Grand Rapids-Wyoming-Kentwood, MI