Business & Finance Rockford, IL Pop. 148,655

Financial Analyst Salary in Rockford, Illinois

The median financial analyst salary in Rockford, IL is $83,670 per year, which is 12% below the national median and 12.9% below the Illinois state average.

City Median
$83,670
vs State Avg
$-12,361
vs National
$-11,410
Cost of Living
82%

Financial Analyst Pay in Rockford: What to Expect (2026)

Rockford offers a median financial analyst salary of $83,670, which is $12,361 below the Illinois state average of $96,031. Compared to the national median of $95,080, Rockford pays below the national benchmark for this role.

One of Rockford's biggest advantages is its low cost of living at 82% of the national average. This means the $83,670 salary stretches further here — equivalent to roughly $102,037 in an average-cost city. This makes Rockford an attractive option for financial analysts seeking strong real-dollar compensation.

The salary range for financial analysts in Rockford spans from $50,336 at the 10th percentile to $146,608 at the 90th percentile — a $96,272 spread. Entry-level professionals start around $52,800, while senior financial analysts with 8+ years of experience can earn up to $130,240. With a population of 148,655, Rockford is a mid-sized metro with a growing job market.

Financial Analyst Salary in Rockford by Experience

In Rockford, an entry-level financial analyst earns around $52,800, while experienced professionals earn up to $130,240 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$52,800
$-7,200 vs national
Mid Level (3-7 yrs)
$84,480
$-11,520 vs national
Senior Level (8+ yrs)
$130,240
$-17,760 vs national

Salary Percentiles in Rockford, IL

Percentile Rockford
10th Percentile $50,336
25th Percentile $64,064
Median (50th) $83,670
75th Percentile $110,000
90th Percentile $146,608

Financial Analyst Salary in Other Illinois Cities

Naperville, IL
$108,391
Pop. 149,540
Chicago, IL
$107,440
Pop. 2,693,976
Aurora, IL
$96,031
Pop. 197,757
Springfield, IL
$86,523
Pop. 114,394

How to Become a Financial Analyst in Rockford

Education

Most financial analyst positions require a bachelor's degree. Rockford and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Demand in Rockford may vary based on local industry and population growth.

Find Financial Analyst Jobs in Rockford

Browse open financial analyst positions in Rockford, IL:

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Frequently Asked Questions: Financial Analyst Salary in Rockford

How much does a Financial Analyst make in Rockford, IL? ▼
The median financial analyst salary in Rockford, Illinois is $83,670 per year, which is 12% below the national median of $95,080. Salaries range from $50,336 (10th percentile) to $146,608 (90th percentile).
How much does a Financial Analyst make per hour in Rockford? ▼
Based on the median annual salary of $83,670, a financial analyst in Rockford earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Rockford compare to the Illinois state average for financial analyst pay? ▼
Rockford's median financial analyst salary of $83,670 is 12.9% below the Illinois state average of $96,031. The local cost of living index is 82% of the national average.
What is the cost of living in Rockford, IL? ▼
Rockford has a cost of living index of 82% compared to the national average. This means a financial analyst salary of $83,670 in Rockford has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Rockford? ▼
Most financial analyst positions in Rockford require a bachelor's degree. Key skills include Financial Modeling, Excel, Bloomberg Terminal, Valuation. The job market is projected to grow 8% nationally over the next decade.