Business & Finance

Market Research Analyst Salary

Market research analysts study market conditions to examine potential sales of products and services for organizations.

Median Salary
$68,230
Mean Salary
$74,800
Total Employed
792,500
Job Growth
+13%

Market Research Analyst Salary by Experience Level

Entry-level market research analysts earn around $40,000 per year, while mid-career professionals earn $70,000. Senior-level market research analysts can earn $115,000 or more.

Entry Level (0-2 yrs)
$40,000
Mid Level (3-7 yrs)
$70,000
Senior Level (8+ yrs)
$115,000

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Salary Percentile Breakdown

The salary range for market research analysts varies significantly. The bottom 10% earn $38,000, while the top 10% earn $122,000.

Percentile Annual Salary
10th Percentile $38,000
25th Percentile $50,000
50th Percentile (Median) $68,230
75th Percentile $92,000
90th Percentile $122,000

Market Research Analyst Salary by State

Market Research Analyst salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $115,991, while Mississippi offers the lowest at $56,631.

State Median
#1 Hawaii $115,991 Details →
#2 Massachusetts $96,887 Details →
#3 California $94,157 Details →
#4 New York $91,428 Details →
#5 Alaska $84,605 Details →
#6 New Jersey $83,923 Details →
#7 Connecticut $81,876 Details →
#8 Maryland $78,465 Details →
#9 Washington $78,465 Details →
#10 Oregon $75,053 Details →
#11 Virginia $74,371 Details →
#12 New Hampshire $73,006 Details →
#13 Rhode Island $73,006 Details →
#14 Delaware $72,324 Details →
#15 Colorado $71,642 Details →
#16 Illinois $68,912 Details →
#17 Vermont $68,912 Details →
#18 Pennsylvania $68,230 Details →
#19 Minnesota $67,548 Details →
#20 Florida $66,865 Details →
#21 Maine $66,865 Details →
#22 Arizona $66,183 Details →
#23 Nevada $66,183 Details →
#24 Utah $66,183 Details →
#25 Georgia $64,819 Details →
#26 Montana $64,819 Details →
#27 North Carolina $64,819 Details →
#28 Idaho $64,136 Details →
#29 New Mexico $63,454 Details →
#30 Nebraska $62,772 Details →
#31 Texas $62,772 Details →
#32 Wisconsin $62,772 Details →
#33 Wyoming $62,772 Details →
#34 Louisiana $62,089 Details →
#35 Indiana $61,407 Details →
#36 Michigan $61,407 Details →
#37 North Dakota $61,407 Details →
#38 Ohio $61,407 Details →
#39 Iowa $60,725 Details →
#40 South Carolina $60,725 Details →
#41 Tennessee $60,725 Details →
#42 Missouri $60,042 Details →
#43 South Dakota $60,042 Details →
#44 Alabama $59,360 Details →
#45 Kansas $59,360 Details →
#46 Kentucky $59,360 Details →
#47 Oklahoma $58,678 Details →
#48 Arkansas $57,313 Details →
#49 West Virginia $57,313 Details →
#50 Mississippi $56,631 Details →

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Key Responsibilities

  • ● Research consumer preferences and buying habits
  • ● Design surveys and focus groups
  • ● Analyze sales data and market trends
  • ● Prepare reports on competitive landscapes
  • ● Present findings to marketing teams

Top Skills

Data Analysis Survey Design SPSS/R Market Trends Report Writing Presentation

Education Required

Bachelor's degree

Job Outlook

Much faster than average — projected 13% growth over the next decade

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Frequently Asked Questions About Market Research Analyst Salaries

How much does a Market Research Analyst make per year? ▼
The median market research analyst salary in the United States is $68,230 per year. Entry-level positions start around $40,000, while senior-level professionals earn up to $115,000 annually. The mean (average) salary is $74,800.
How much does a Market Research Analyst make per hour? ▼
Based on the national median salary of $68,230 per year, a market research analyst earns approximately $33 per hour assuming a standard 2,080-hour work year. Hourly rates vary by experience, location, and employer.
What is the highest paying state for market research analysts? ▼
Hawaii is the highest paying state for market research analysts, with a median salary of $115,991. Other top-paying states include Massachusetts ($96,887) and California ($94,157).
What education do you need to become a market research analyst? ▼
Most market research analyst positions require a bachelor's degree. Key skills include Data Analysis, Survey Design, SPSS/R, Market Trends. Relevant certifications and hands-on experience can also strengthen your qualifications.
What is the job outlook for market research analysts? ▼
Employment for market research analysts is projected to grow 13% over the next decade, which is much faster than average. There are currently 792,500 market research analysts employed in the United States.
How much does an entry-level market research analyst make? ▼
An entry-level market research analyst with 0-2 years of experience earns around $40,000 per year. With 3-7 years of experience, pay increases to approximately $70,000. The bottom 10% of earners make $38,000, while the top 10% earn $122,000.