Average Financial and Investment Analysts Salary in Palm Bay-Melbourne-Titusville, FL
Financial and Investment Analysts in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $95,090. This figure is notably below the national average of $117,950, suggesting that local market dynamics, industry concentration, or cost of living may influence compensation. While the nominal salary is lower than the national benchmark, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $95,090 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,960.
- Outlook: The Palm Bay-Melbourne-Titusville, FL area supports a local workforce of 680 Financial and Investment Analysts. With a Location Quotient of 1.27, this indicates a slightly higher concentration of these professionals compared to the national average. This suggests a stable, albeit not booming, demand for financial analysis expertise within the region, supporting a consistent job market for skilled individuals.
Salary Overview
The average Financial and Investment Analysts in Palm Bay-Melbourne-Titusville, FL earns-19.4%below the national average.
$45.7
$1,829
$7,924
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for this localized segment is not provided, it is generally assumed that salaries for Financial and Investment Analysts across the nation, including in Palm Bay-Melbourne-Titusville, have experienced steady growth over the past four years. This trend is driven by increasing demand for financial expertise, evolving market complexities, and the need for sophisticated analytical skills in various industries.
Financial and Investment Analysts Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Salary progression for Financial and Investment Analysts typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The gap between entry-level and senior roles highlights the substantial earning potential and career advancement opportunities available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,500 | $29.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,318 | $34.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,530 | $44 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,863 | $57.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,960 | $62.5 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$95,090
Gross Pay
Real Wage (Purchasing Power)
$95,090
Adjusted for COL (100)
The average annual salary of $95,090 in Palm Bay-Melbourne-Titusville, FL aligns perfectly 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 that of their national counterparts. Therefore, the nominal salary translates directly to real income without significant adjustment for local living expenses.
Job Market Context
680
Total Jobs
2.811
Per 1K Jobs
1.27
Location Quotient
With a location quotient of 1.27, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Financial and Investment Analysts roles compared to the national norm.
A Location Quotient of 1.27 signifies that Financial and Investment Analysts are more concentrated in the Palm Bay-Melbourne-Titusville, FL area than the national average. This suggests a healthy and established market for these professionals, indicating a good number of opportunities relative to the overall workforce. While not an extremely high concentration, it points to a competitive environment where specialized skills are valued.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Financial and Investment Analysts Salary | $106,840↑ 12% | 17 mi |
| Port St. Lucie, FL Financial and Investment Analysts Salary | $107,870↑ 13% | 50 mi |
| Orlando-Kissimmee-Sanford, FL Financial and Investment Analysts Salary | $95,400↑ 0% | 59 mi |
| North Florida nonmetropolitan area Financial and Investment Analysts Salary | $93,650↓ 2% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Financial and Investment Analysts in Palm Bay-Melbourne-Titusville, FL is $95,090. This typically ranges from $61,500 for entry-level positions to $129,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 19.4% lower than the national median of $117,950.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Financial and Investment Analysts?
No, not when compared to the national average salary.While the local Cost of Living is average, the nominal salary of $95,090 is below the national average of $117,950. The job market shows a healthy concentration, but compensation lags behind national benchmarks.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($106,840) and Port St. Lucie, FL.
What is the average salary for a Financial and Investment Analyst in Palm Bay-Melbourne-Titusville, FL?
The average annual salary for a Financial and Investment Analyst in Palm Bay-Melbourne-Titusville, FL is $95,090.
How does the salary compare to the national average?
The average salary in Palm Bay-Melbourne-Titusville, FL ($95,090) is lower than the national average salary of $117,950.
What is the Cost of Living in Palm Bay-Melbourne-Titusville, FL?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100, which is exactly the national average.
How concentrated are Financial and Investment Analysts in this area?
The concentration of Financial and Investment Analysts in this area is indicated by a Location Quotient of 1.27, meaning they are more concentrated here than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 680 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 2.811 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 Palm Bay-Melbourne-Titusville, FL