Average Financial and Investment Analysts Salary in Reading, PA
Financial and Investment Analysts in Reading, PA, can expect an average annual salary of $90,540. This figure is notably below the national average of $117,950, suggesting that local market dynamics, industry concentration, and potentially the scale of financial operations in the Reading area contribute to this compensation difference. While lower than the national benchmark, the salary must be considered within the context of local economic factors.
Executive Summary
- Average Salary: $90,540 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $132,870.
- Outlook: The Reading, PA, market for Financial and Investment Analysts shows a moderate presence, with a total local workforce of 200 individuals in this role. The Location Quotient of 0.52 indicates that this profession is less concentrated in Reading compared to the national average, suggesting a potentially less saturated but also less specialized local market. With 1.158 jobs per 1,000 workers, the demand is present, though not exceptionally high, pointing to a stable but not rapidly expanding job landscape.
Salary Overview
The average Financial and Investment Analysts in Reading, PA earns-23.2%below the national average.
$43.5
$1,741
$7,545
Financial and Investment Analysts Salary Trends (2020-2024)
While specific historical data for Reading, PA, is not provided, it is reasonable to assume that salaries for Financial and Investment Analysts have experienced growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive salary increases in specialized fields. Therefore, analysts in Reading have likely seen their earning potential rise, albeit potentially at a different pace than in major metropolitan hubs.
Financial and Investment Analysts Salary Distribution in Reading, PA
Career progression for Financial and Investment Analysts in Reading, PA, typically involves a significant salary increase 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 well into the higher percentiles. The gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field locally.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,720 | $29.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,905 | $32.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,770 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,175 | $54.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $132,870 | $63.9 |
Detailed Financial and Investment Analysts Market Analysis
Relocation Context
Nominal Salary
$90,540
Gross Pay
Real Wage (Purchasing Power)
$90,540
Adjusted for COL (100)
The nominal average salary of $90,540 for Financial and Investment Analysts in Reading, PA, aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of an analyst's salary in Reading is equivalent to that of an analyst earning the national average in a location with a national average cost of living. Therefore, despite the lower nominal salary compared to the national average, the cost of living does not diminish the real value of the income.
Job Market Context
200
Total Jobs
1.158
Per 1K Jobs
0.52
Location Quotient
Reading, PA has 0.52x 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.
With a Location Quotient of 0.52, the market for Financial and Investment Analysts in Reading, PA, is less concentrated than the national average. This suggests that while the demand exists, the supply of specialized talent might be more limited, or the industry itself is not as dominant a sector in the local economy compared to other regions. This could present opportunities for skilled analysts, but also indicates a potentially smaller pool of high-level or niche roles.
Nearby Job Markets
Nearby Cities for Financial and Investment Analysts
| City | Salary | Dist. |
|---|---|---|
| Lancaster, PA Financial and Investment Analysts Salary | $97,960↑ 8% | 29 mi |
| Allentown-Bethlehem-Easton, PA-NJ Financial and Investment Analysts Salary | $106,240↑ 17% | 30 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Financial and Investment Analysts Salary | $110,850↑ 22% | 48 mi |
| York-Hanover, PA Financial and Investment Analysts Salary | $83,470↓ 8% | 50 mi |
Comparing salaries near Reading, PA
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Frequently Asked Questions
How much does a Financial and Investment Analysts make in Reading, PA?
The median annual salary for a Financial and Investment Analysts in Reading, PA is $90,540. This typically ranges from $60,720 for entry-level positions to $132,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Reading, PA is 23.2% lower than the national median of $117,950.
Is Reading, PA a lucrative place for Financial and Investment Analysts?
No, not exceptionally lucrative compared to the national average.While the average salary of $90,540 is solid, it falls significantly below the national average of $117,950. However, the cost of living being at the national average means the salary's purchasing power is maintained.
Is Reading, PA a good place to live for Financial and Investment Analysts?
The Cost of Living Index in Reading, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Reading, PA?
Some top paying nearby cities include Lancaster, PA ($97,960) and Allentown-Bethlehem-Easton, PA-NJ.
How does the salary in Reading, PA compare to the national average?
The average salary for Financial and Investment Analysts in Reading, PA, is $90,540, which is considerably lower than the national average of $117,950.
What is the cost of living in Reading, PA for analysts?
The cost of living in Reading, PA, is exactly at the national average, indicated by an index of 100. This means your salary's purchasing power is equivalent to the national average.
Is there high demand for Financial and Investment Analysts in Reading, PA?
The demand is moderate, with 1.158 jobs per 1,000 workers and a lower-than-average concentration (Location Quotient of 0.52), suggesting a stable but not booming market.
How does experience impact salary for Financial and Investment Analysts in Reading, PA?
Experience significantly impacts salary, with entry-level positions earning less and senior roles commanding higher salaries, reflecting career progression and 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 200 employees in the Reading, PA area with a job density of 1.158 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 Reading, PA