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Financial Analyst Salary Information in Michigan

The average annual and hourly salaries for financial analysts in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial analysts among Michigan metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Financial Analysts in Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$51,650
25th Percentile Wage
$61,250
50th Percentile Wage
$76,740
75th Percentile Wage
$97,570
90th Percentile Wage
$120,410

Table 1 shows the average annual salary for financial analysts in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $120,410. The median (50th percentile) annual salary is $76,740. The average annual salary for the bottom 10 percent is $51,650.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial analysts from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$76,740
1.16% 11.12%
2016
$75,850
0.58% -
2015
$75,410
3.85% -
2014
$72,510
1.25% -
2013
$71,600
4.73% -
2012
$68,210
- -

Table 3. Median Annual Salary of Financial Analysts in Michigan Cities

Table 3 shows the median annual salary of financial analysts in some Michigan cities and metropolitan areas. We note that the median annual salary of financial analysts in state of Michigan ranges from $60,690 to $96,650. The highest paying area for financial analysts in Michigan is Jackson with a median annual salary of $96,650. The second highest paying city/area in Michigan State is Monroe (mean annual salary $85,040). The lowest paying area is Upper Peninsula of Michigan nonmetropolitan area with a median annual salary of $60,690.

Cities/Areas Median Annual Salary
Jackson
$96,650
Monroe
$85,040
Detroit-Warren-Livonia
$82,510
Detroit-Livonia-Dearborn
$82,130
Flint
$79,050
Niles-Benton Harbor
$75,450
Northwest Lower Peninsula of Michigan nonmetropolitan area
$73,040
Warren-Troy-Farmington Hills
$71,260
South Bend-Mishawaka
$70,160
Grand Rapids-Wyoming
$67,130
Battle Creek
$66,990
Holland-Grand Haven
$65,580
Ann Arbor
$65,100
Lansing-East Lansing
$64,870
Balance of Lower Peninsula of Michigan nonmetropolitan area
$61,680
Kalamazoo-Portage
$60,770
Saginaw-Saginaw Township North
$60,690
Upper Peninsula of Michigan nonmetropolitan area
$60,690




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