Average Financial and Investment Analysts Salary in Lansing-East Lansing, MI
In Lansing-East Lansing, MI, Financial and Investment Analysts earn an average annual salary of $91,180. This figure is notably below the national average of $117,950, suggesting that local market dynamics, industry concentration, and potentially regional economic factors influence compensation within this metropolitan area. The specific pay scales in Lansing-East Lansing are shaped by the unique economic landscape of Michigan's capital region.
Executive Summary
- Average Salary: $91,180 per year.
- Growth Trend: Salaries have shifted 19.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,520.
- Outlook: The Lansing-East Lansing job market for Financial and Investment Analysts shows a steady presence, with a total local workforce of 510 professionals. The Location Quotient of 1.09 indicates a slightly higher concentration of these roles compared to the national average, suggesting a stable, albeit not booming, demand for financial expertise within the region. This concentration implies a consistent need for skilled analysts to support local businesses and financial institutions.
Salary Overview
The average Financial and Investment Analysts in Lansing-East Lansing, MI earns-22.7%below the national average.
$43.8
$1,753
$7,598
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Lansing-East Lansing is not provided, it is generally assumed that salaries for Financial and Investment Analysts across the nation, and likely within this region, have experienced a gradual upward trend over the past four years. This growth is typically driven by inflation, increasing demand for financial services, and the evolving complexity of financial markets, leading to modest but consistent salary increases.
Financial and Investment Analysts Salary Distribution in Lansing-East Lansing, MI
Salary progression for Financial and Investment Analysts in Lansing-East Lansing, as elsewhere, is strongly tied to experience and expertise. Entry-level positions typically command lower salaries, while senior analysts with specialized skills and a proven track record can expect significantly higher compensation. The variance in pay across different experience levels, often seen in percentile data, clearly signifies the career growth trajectory and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,320 | $27.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,385 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,410 | $38.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,975 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,520 | $62.3 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$91,180
Gross Pay
Real Wage (Purchasing Power)
$91,180
Adjusted for COL (100)
The nominal average salary of $91,180 in Lansing-East Lansing aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of a Financial and Investment Analyst's salary in this region is equivalent to the national average. While the salary is lower than the national average for the role, the cost of living parity suggests that the take-home pay may offer comparable living standards to other areas.
Job Market Context
510
Total Jobs
2.402
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Lansing-East Lansing, MI has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
With a Location Quotient of 1.09, the Lansing-East Lansing metropolitan area exhibits a slightly higher concentration of Financial and Investment Analysts than the national average. This suggests a moderately competitive job market where demand is present and slightly exceeds the national proportion of these roles. While not an exceptionally high concentration, it indicates a stable employment landscape for professionals in this field within the region.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Jackson, MI Financial and Investment Analysts Salary | $89,240↓ 2% | 34 mi |
| Mid Michigan nonmetropolitan area Financial and Investment Analysts Salary | $85,870↓ 6% | 42 mi |
| Southern Michigan nonmetropolitan area Financial and Investment Analysts Salary | $95,490↑ 5% | 42 mi |
| Northern Michigan nonmetropolitan area Financial and Investment Analysts Salary | $89,970↓ 1% | 42 mi |
| Upper Peninsula of Michigan nonmetropolitan area Financial and Investment Analysts Salary | $85,030↓ 7% | 42 mi |
Comparing salaries near Lansing-East Lansing, MI
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Lansing-East Lansing, MI?
The median annual salary for a Financial and Investment Analysts in Lansing-East Lansing, MI is $91,180. This typically ranges from $57,320 for entry-level positions to $129,520 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lansing-East Lansing, MI is 22.7% lower than the national median of $117,950.
Is Lansing-East Lansing, MI a lucrative place for Financial and Investment Analysts?
No, not significantly more lucrative than the national average.While the average salary of $91,180 is substantial, it falls below the national average of $117,950, indicating less lucrative compensation. However, the cost of living being at the national average means the salary's purchasing power is comparable.
Is Lansing-East Lansing, MI a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Lansing-East Lansing, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lansing-East Lansing, MI?
Some top paying nearby cities include Jackson, MI ($89,240) and Mid Michigan nonmetropolitan area.
How does the Lansing-East Lansing salary compare to the national average?
The average annual salary for Financial and Investment Analysts in Lansing-East Lansing is $91,180, which is lower than the national average of $117,950.
What is the concentration of Financial and Investment Analysts in Lansing-East Lansing?
The Location Quotient for Financial and Investment Analysts in Lansing-East Lansing is 1.09, indicating a slightly higher concentration of these roles compared to the national average.
How does the cost of living in Lansing-East Lansing affect the salary?
Lansing-East Lansing has a Cost of Living Index of 100, which is the national average. This means the $91,180 salary has purchasing power equivalent to the national average, despite being lower than the national salary benchmark.
What is the total number of Financial and Investment Analysts in Lansing-East Lansing?
There are approximately 510 Financial and Investment Analysts working in the Lansing-East Lansing 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 510 employees in the Lansing-East Lansing, MI area with a job density of 2.402 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 Lansing-East Lansing, MI