Business & Finance Detroit, MI Pop. 639,111

Financial Analyst Salary in Detroit, Michigan

The median financial analyst salary in Detroit, MI is $83,670 per year, which is 12% below the national median and 2.2% below the Michigan state average.

City Median
$83,670
vs State Avg
$-1,902
vs National
$-11,410
Cost of Living
88%

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

Detroit offers a median financial analyst salary of $83,670, which is $1,902 below the Michigan state average of $85,572. Compared to the national median of $95,080, Detroit pays below the national benchmark for this role.

One of Detroit'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 Detroit an attractive option for financial analysts seeking strong real-dollar compensation.

The salary range for financial analysts in Detroit 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. As a major metro area with a population of 639,111, Detroit typically offers more job opportunities and employer competition, which can drive salaries higher.

Financial Analyst Salary in Detroit by Experience

In Detroit, 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

Salary Percentiles in Detroit, MI

Percentile Detroit
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 Michigan Cities

Ann Arbor, MI
$99,834
Pop. 123,851
Grand Rapids, MI
$85,572
Pop. 198,917
Warren, MI
$83,670
Pop. 139,387
Lansing, MI
$81,769
Pop. 112,644

How to Become a Financial Analyst in Detroit

Education

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

Find Financial Analyst Jobs in Detroit

Browse open financial analyst positions in Detroit, MI:

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Frequently Asked Questions: Financial Analyst Salary in Detroit

How much does a Financial Analyst make in Detroit, MI? ▼
The median financial analyst salary in Detroit, Michigan 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 Detroit? ▼
Based on the median annual salary of $83,670, a financial analyst in Detroit earns approximately $40 per hour assuming a standard 2,080-hour work year.
How does Detroit compare to the Michigan state average for financial analyst pay? ▼
Detroit's median financial analyst salary of $83,670 is 2.2% below the Michigan state average of $85,572. The local cost of living index is 88% of the national average.
What is the cost of living in Detroit, MI? ▼
Detroit has a cost of living index of 88% compared to the national average. This means a financial analyst salary of $83,670 in Detroit has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial analyst in Detroit? ▼
Most financial analyst positions in Detroit 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.