Financial Analyst Salary in Detroit, MI
2024 BLS OEWS Data · Finance · COL Index: 95.1
$98,180
Median Salary
$106,490
Mean Salary
$103,239
COL-Adjusted
4,660
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $63,340 | $66,604 |
| 25th Percentile | $77,980 | $81,998 |
| 50th Percentile (Median) | $98,180 | $103,239 |
| 75th Percentile | $114,990 | $120,915 |
| 90th Percentile (Top Earners) | $137,950 | $145,058 |
What Drives the Range
The $74,610 spread between the 10th and 90th percentiles for Financial Analyst positions in Detroit, MI reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Detroit, MI's cost-of-living index of 95.1 means that a $98,180 median salary here has the same purchasing power as $103,239 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.