verified BLS-Verified Source: U.S. Bureau of Labor Statistics (BLS) May 2025 release

Financial Analyst Salary in Michigan

Median Annual in Michigan
$95,420/yr
Median Hourly Wage
$45.88/hr
▼ 7% below U.S. median

Salary Distribution in Michigan

groups Employed in MI
7,400
public U.S. Median
$102,740
savings Real pay (cost-adjusted)
$99,172 #28 of 51

Financial Analyst pay in Michigan, explained

Financial analysts in Michigan earn a median of $95,420 per year ($45.88 per hour), which is 7% below the national median of $102,740. Entry-level workers earn around $63,180, while the most experienced financial analysts reach about $154,230. Pay varies by employer, setting, and metro area within Michigan.

Is $95,420 good pay in Michigan?

Adjusted for Michigan's cost of living (which runs 96% of the U.S. average), that $95,420 is worth about $99,172 in national buying power — ranking Michigan #28 for real pay (vs #27 on the sticker number).

See the full Financial Analyst Real Pay Index arrow_forward

Financial Analyst pay by experience in Michigan

Entry level (10th pct)
$63,180
$30.38/hr
Median
Mid-career (50th pct)
$95,420
$45.88/hr
Experienced (90th pct)
$154,230
$74.15/hr

Financial Analyst pay in neighboring states

StateMedian / yrReal payvs MI
Michigan (here) $95,420 $99,172
Wisconsin $95,570 $101,568 −$150
Ohio $94,280 $101,623 +$1,140
Indiana $81,760 $87,604 +$13,660

Financial Analyst in Michigan: FAQ

How much do financial analysts make in Michigan?

Financial analysts in Michigan earn a median of $95,420 per year ($45.88 per hour), compared with $102,740 nationally.

Does Michigan pay financial analysts well?

At $95,420, Michigan pays 7% below the national median for financial analysts. An estimated 7,400 work in the state.

Financial Analyst salary in other states

All 51 states ranked arrow_forward

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