Average Financial and Investment Analysts Salary in New Haven, CT
Financial and Investment Analysts in New Haven, CT earn an average annual salary of $100,390. This figure is notably below the national average of $117,950, suggesting localized economic factors or a different market dynamic at play. The specific demand and cost structure within New Haven likely influence this compensation difference.
Executive Summary
- Average Salary: $100,390 per year.
- Growth Trend: Salaries have shifted 8.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,820.
- Outlook: With a total local workforce of 420 Financial and Investment Analysts, New Haven presents a modest but established presence in this sector. The Location Quotient of 0.67 indicates that this profession is less concentrated here than the national average, implying a potentially less saturated but also less specialized local market for these roles.
Salary Overview
The average Financial and Investment Analysts in New Haven, CT earns-14.9%below the national average.
$48.3
$1,931
$8,366
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Financial and Investment Analysts in New Haven have experienced growth over the past four years, mirroring broader economic trends and increasing demand for financial expertise. This growth would likely be influenced by inflation, industry expansion, and the evolving needs of businesses operating within the region.
Financial and Investment Analysts Salary Distribution in New Haven, CT
The salary trajectory 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 upper percentiles. These percentile gaps are crucial indicators of career progression and the increasing value placed on expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $70,940 | $34.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $75,293 | $36.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,420 | $46.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $125,488 | $60.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,820 | $62.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$100,390
Gross Pay
Real Wage (Purchasing Power)
$100,390
Adjusted for COL (100)
The average annual salary of $100,390 in New Haven, CT, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an analyst's salary in New Haven is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
420
Total Jobs
1.481
Per 1K Jobs
0.67
Location Quotient
New Haven, CT has 0.67x 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 0.67 suggests that Financial and Investment Analyst roles are less prevalent in New Haven compared to the national landscape. This could translate to a more competitive job market for candidates, as the supply of specialized talent may not be as abundant relative to demand, or it could indicate fewer overall opportunities within the city.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Bridgeport-Stamford-Danbury, CT Financial and Investment Analysts Salary | $159,130↑ 59% | 16 mi |
| Waterbury-Shelton, CT Financial and Investment Analysts Salary | $111,680↑ 11% | 18 mi |
| Connecticut nonmetropolitan area Financial and Investment Analysts Salary | $98,120↓ 2% | 22 mi |
| Hartford-West Hartford-East Hartford, CT Financial and Investment Analysts Salary | $103,620↑ 3% | 34 mi |
| Norwich-New London-Willimantic, CT Financial and Investment Analysts Salary | $104,360↑ 4% | 46 mi |
Comparing salaries near New Haven, CT
Hiring Financial and Investment Analystss?
Frequently Asked Questions
How much does a Financial and Investment Analysts make in New Haven, CT?
The median annual salary for a Financial and Investment Analysts in New Haven, CT is $100,390. This typically ranges from $70,940 for entry-level positions to $130,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Haven, CT is 14.9% lower than the national median of $117,950.
Is New Haven, CT a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $100,390 is substantial, it falls below the national average of $117,950. However, the cost of living being at the national average provides a balanced financial standing.
Is New Haven, CT a good place to live for Financial and Investment Analysts?
The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Haven, CT?
Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($159,130) and Waterbury-Shelton, CT.
How does the number of Financial and Investment Analysts in New Haven compare nationally?
With 1.481 jobs per 1,000 workers, the concentration of Financial and Investment Analysts in New Haven is below the national average, as indicated by a Location Quotient of 0.67.
What is the purchasing power of a Financial and Investment Analyst's salary in New Haven?
The purchasing power is equivalent to the national average, as New Haven's Cost of Living Index is 100, matching the national benchmark.
Is the job market for Financial and Investment Analysts in New Haven growing?
While specific growth data isn't provided, the presence of 420 professionals suggests a stable, albeit less concentrated, market. General economic trends would likely indicate some level of salary and job growth.
How does experience impact salary for Financial and Investment Analysts in New Haven?
Experience is a key driver of salary. Entry-level analysts will earn less, while senior analysts with extensive experience and specialized skills can command significantly higher salaries, reflecting their increased value.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 420 employees in the New Haven, CT area with a job density of 1.481 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Financial and Investment Analysts Salaries by State
Top Jobs in New Haven, CT
- All Occupations Salary in New Haven, CT
- Office and Administrative Support Occupations Salary in New Haven, CT
- Transportation and Material Moving Occupations Salary in New Haven, CT
- Educational Instruction and Library Occupations Salary in New Haven, CT
- Healthcare Practitioners and Technical Occupations Salary in New Haven, CT
- Management Occupations Salary in New Haven, CT
- Food Preparation and Serving Related Occupations Salary in New Haven, CT
- Sales and Related Occupations Salary in New Haven, CT
- Healthcare Support Occupations Salary in New Haven, CT
- Business and Financial Operations Occupations Salary in New Haven, CT
- Browse All Jobs in New Haven, CT →
Semantic Salary Analysis for Financial and Investment Analysts • Data source: BLS OEWS 2024 •Jobs in New Haven, CT