Financial Analyst Salary in Covington, KY: $83,670 (2026)

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

Covington offers a median financial analyst salary of $83,670, which is $950 above the Kentucky state average of $82,720. Compared to the national median of $95,080, Covington pays below the national benchmark for this role.

One of Covington's biggest advantages is its low cost of living at 88% of the national average. This means the $83,670 salary stretches further here — equivalent to roughly $95,080 in an average-cost city. This makes Covington an attractive option for financial analysts seeking strong real-dollar compensation.

The salary range for financial analysts in Covington 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. Covington is a smaller market (pop. 40,961), which may mean fewer openings but also less competition for available positions.

Financial Analyst Salary in Covington by Experience

In Covington, 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 88% 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

Percentile	Covington	KY State	National
10th Percentile	$50,336	$49,764	$57,200
25th Percentile	$64,064	$63,336	$72,800
Median (50th)	$83,670	$82,720	$95,080
75th Percentile	$110,000	$108,750	$125,000
90th Percentile	$146,608	$144,942	$166,600

Percentile

Covington

10th Percentile

$50,336

25th Percentile

$64,064

Median (50th)

$83,670

75th Percentile

$110,000

90th Percentile

$146,608

How to Become a Financial Analyst in Covington

Education

Most financial analyst positions require a bachelor's degree. Covington and the surrounding Kentucky 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 Covington may vary based on local industry and population growth.

Frequently Asked Questions: Financial Analyst Salary in Covington

How much does a Financial Analyst make in Covington, KY? ▼

The median financial analyst salary in Covington, Kentucky 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 Covington? ▼

Based on the median annual salary of $83,670, a financial analyst in Covington earns approximately $40 per hour assuming a standard 2,080-hour work year.

How does Covington compare to the Kentucky state average for financial analyst pay? ▼

Covington's median financial analyst salary of $83,670 is 1.1% above the Kentucky state average of $82,720. The local cost of living index is 88% of the national average.

What is the cost of living in Covington, KY? ▼

Covington has a cost of living index of 88% compared to the national average. This means a financial analyst salary of $83,670 in Covington has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a financial analyst in Covington? ▼

Most financial analyst positions in Covington 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.

Financial Analyst Salary in Covington, Kentucky