Average Financial and Investment Analysts Salary in Hartford-West Hartford-East Hartford, CT
In Hartford-West Hartford-East Hartford, CT, Financial and Investment Analysts earn an average annual salary of $103,620. This figure is notably below the national average of $117,950, suggesting that while the role is present, local market dynamics or industry specifics may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $103,620 per year.
- Growth Trend: Salaries have shifted 6.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,120.
- Outlook: The Hartford-West Hartford-East Hartford area supports a local workforce of 1,860 Financial and Investment Analysts. With a Location Quotient of 1.42, indicating a concentration 42% higher than the national average, this region demonstrates a significant demand and a robust job market for these professionals, suggesting a stable outlook for employment opportunities.
Salary Overview
The average Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT earns-12.1%below the national average.
$49.8
$1,993
$8,635
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data 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 growth is often driven by evolving market conditions, increased demand for financial planning, and the expansion of financial services, which typically translates to incremental salary increases for experienced professionals in the Hartford area.
Financial and Investment Analysts Salary Distribution in Hartford-West Hartford-East Hartford, CT
Salary progression for Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior analysts with extensive expertise and a proven track record can expect compensation significantly above the average. The percentile gaps in salary clearly signify the career progression and increased earning potential as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $66,750 | $32.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,715 | $37.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,830 | $48 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,525 | $62.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $140,120 | $67.4 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$103,620
Gross Pay
Real Wage (Purchasing Power)
$103,620
Adjusted for COL (100)
The average annual salary of $103,620 for Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, offering a stable financial standing for professionals considering relocation to or residing within this metropolitan area.
Job Market Context
1,860
Total Jobs
3.144
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Hartford-West Hartford-East Hartford, CT has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
A Location Quotient of 1.42 for Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT, signifies a higher concentration of these roles compared to the national average. This suggests a competitive yet abundant job market, where employers actively seek specialized financial talent, and professionals have a good number of opportunities available within the region.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Financial and Investment Analysts Salary | $98,120↓ 5% | 12 mi |
| Waterbury-Shelton, CT Financial and Investment Analysts Salary | $111,680↑ 8% | 23 mi |
| Springfield, MA Financial and Investment Analysts Salary | $106,750↑ 3% | 25 mi |
| New Haven, CT Financial and Investment Analysts Salary | $100,390↓ 3% | 34 mi |
| Norwich-New London-Willimantic, CT Financial and Investment Analysts Salary | $104,360↑ 1% | 34 mi |
Comparing salaries near Hartford-West Hartford-East Hartford, CT
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in Hartford-West Hartford-East Hartford, CT?
The median annual salary for a Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT is $103,620. This typically ranges from $66,750 for entry-level positions to $140,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Hartford-West Hartford-East Hartford, CT is 12.1% lower than the national median of $117,950.
Is Hartford-West Hartford-East Hartford, CT a lucrative place for Financial and Investment Analysts?
Yes, with caveats.While the average salary of $103,620 is below the national average, the high concentration of roles (LQ 1.42) and a cost of living on par with the national average indicate a stable and opportunity-rich market.
Is Hartford-West Hartford-East Hartford, CT a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Hartford-West Hartford-East Hartford, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Hartford-West Hartford-East Hartford, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($98,120) and Waterbury-Shelton, CT.
How does the Hartford salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Hartford-West Hartford-East Hartford, CT, is $103,620, which is $14,330 less than the national average of $117,950.
What is the concentration of Financial and Investment Analysts in Hartford?
Hartford-West Hartford-East Hartford, CT, has a Location Quotient of 1.42 for Financial and Investment Analysts, meaning the area has 42% more of these professionals than the national average.
How does the cost of living affect the Hartford salary?
With a Cost of Living Index of 100, the Hartford area matches the national average, meaning the $103,620 salary offers purchasing power equivalent to the national average.
What is the total number of Financial and Investment Analysts in Hartford?
There are approximately 1,860 Financial and Investment Analysts working in the Hartford-West Hartford-East Hartford, CT, 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 1,860 employees in the Hartford-West Hartford-East Hartford, CT area with a job density of 3.144 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 Hartford-West Hartford-East Hartford, CT