Business & Finance Michigan (MI) Rank #36 of 50

Financial Analyst Salary in Michigan

The median financial analyst salary in Michigan is $85,572 per year, which is 10% below the national median of $95,080.

Median Salary

$85,572

vs National

$-9,508

State Rank

#36 of 50

Cost of Living

90%

Financial Analyst Salary in Michigan by Experience

In Michigan, an entry-level financial analyst earns around $54,000, while experienced professionals earn up to $133,200 per year. The cost of living index in Michigan is 90% of the national average.

Entry Level (0-2 yrs)

$54,000

$-6,000 vs national

Mid Level (3-7 yrs)

$86,400

$-9,600 vs national

Senior Level (8+ yrs)

$133,200

$-14,800 vs national

Salary Percentiles in Michigan

Percentile	MI Salary	National	Difference
10th Percentile	$51,480	$57,200	$-5,720
25th Percentile	$65,520	$72,800	$-7,280
Median (50th)	$85,572	$95,080	$-9,508
75th Percentile	$112,500	$125,000	$-12,500
90th Percentile	$149,940	$166,600	$-16,660

Financial Analyst Salary by City in Michigan

The largest employment areas for financial analysts in Michigan include Detroit, Grand Rapids, Ann Arbor, and Warren. Salaries vary by city based on local cost of living and demand.

Detroit, MI

$83,670

Pop. 639,111 · COL 88%

Grand Rapids, MI

$85,572

Pop. 198,917 · COL 90%

Ann Arbor, MI

$99,834

Pop. 123,851 · COL 105%

Warren, MI

$83,670

Pop. 139,387 · COL 88%

Lansing, MI

$81,769

Pop. 112,644 · COL 86%

How to Become a Financial Analyst in Michigan

Education

Most financial analyst positions require a bachelor's degree. Michigan has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingExcelBloomberg TerminalValuationData AnalysisPresentation

Job Outlook in Michigan

Nationally, financial analyst employment is projected to grow 8% over the next decade (faster than average). Michigan's demand may vary based on local industry trends.