The annual salary statistics of financial analysts in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of financial analysts in Grand Rapids-Wyoming 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 | $56,630 |
| 25th Percentile Wage | $64,230 |
| 50th Percentile Wage | $77,550 |
| 75th Percentile Wage | $96,020 |
| 90th Percentile Wage | $103,260 |
Table 1 shows the average annual salary for financial analysts in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $103,260. The median (50th percentile) annual salary is $77,550. The average annual salary for the bottom 10 percent earners is $56,630.
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 | $77,550 | 1.32% | 16.89% |
| 2021 | $76,530 | 7.74% | - |
| 2018 | $70,610 | 4.93% | - |
| 2017 | $67,130 | -4.71% | - |
| 2016 | $70,290 | -0.84% | - |
| 2015 | $70,880 | 1.98% | - |
| 2014 | $69,480 | 6.07% | - |
| 2013 | $65,260 | 1.24% | - |
| 2012 | $64,450 | - | - |
From Table 3 we note that the median annual salary of $77,550 in Grand Rapids-Wyoming is in the middle of salary range for financial analysts in state of Michigan. In comparison, the annual salary of financial analysts in Grand Rapids-Wyoming is 15.7 percent (15.7%) lower than that in the highest paying Midland and 15.4 percent (15.4%) higher than that in the lowest paying Holland-Grand Haven.