The annual salary statistics of financial analysts in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage information of financial analysts in Detroit-Warren-Livonia is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $59,940 |
| 25th Percentile Wage | $66,040 |
| 50th Percentile Wage | $81,980 |
| 75th Percentile Wage | $102,210 |
| 90th Percentile Wage | $125,690 |
Table 1 shows the average annual salary for financial analysts in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $125,690. The median (50th percentile) annual salary is $81,980. The average annual salary for the bottom 10 percent earners is $59,940.
The table and chart below show the trend of the median salary of financial analysts from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $81,980 | 3.31% | 13.61% |
| 2021 | $79,270 | -4.05% | - |
| 2018 | $82,480 | -0.04% | - |
| 2017 | $82,510 | 2.23% | - |
| 2016 | $80,670 | -0.14% | - |
| 2015 | $80,780 | 7.08% | - |
| 2014 | $75,060 | -0.20% | - |
| 2013 | $75,210 | 5.84% | - |
| 2012 | $70,820 | - | - |
From Table 3 we note that the median annual salary of $81,980 in Detroit-Warren-Livonia is in the middle of salary range for financial analysts in state of Michigan. In comparison, the annual salary of financial analysts in Detroit-Warren-Livonia is 10.9 percent (10.9%) lower than that in the highest paying Midland and 20.0 percent (20.0%) higher than that in the lowest paying Holland-Grand Haven.