Average Financial Analyst Salary in Michigan
Financial Analysts in Michigan earn an average of $95,703 per year across 1 metro area. This is +4.2% lower than the national average.
Average Salary
$95,703
per year
Hourly Rate
$46.01
per hour
vs National
-4.2%
$99,890 national
Salary Range
$60,075
to $139,996
About Financial Analyst Careers in Michigan
Financial analysts evaluate investment opportunities, analyze financial data, and provide guidance to businesses and individuals making investment decisions. They study economic trends, company performance, and market conditions to forecast financial outcomes. Financial analysts are essential to the functioning of capital markets and corporate finance.
In Michigan, financial analysts earn an average of $95,703 per year as of 2026, with salaries ranging from $60,075 for entry-level roles to $139,996 for the most experienced professionals — +4.2% below the national average. Pay is influenced most by industry sector (investment banking, hedge funds, corporate finance), cfa certification and other credentials, and the specific metro area within Michigan.
Cost of Living Adjusted Salary
Nominal Salary
$95,703
Cost of Living Index
91
100 = national average
Adjusted Salary
$105,168
purchasing power equivalent
After adjusting for Michigan's cost of living (below average), a Financial Analyst's salary of $95,703 has the purchasing power of $105,168 in an average-cost area.
Financial Analyst Salary by City in Michigan
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Detroit, MI | $95,703 | $46.01/hr | $60,075 | $139,996 | 308 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Michigan vs National Average
Financial Analyst Salary Comparison
Employment in Michigan
There are approximately 308 Financial Analysts employed across 1 metro area in Michigan.
Key Industries: Automotive, Manufacturing, Healthcare
State Income Tax: 4.25% flat rate
Financial Analyst Salary Range in Michigan
Entry Level (10th Percentile)
$60,075
Starting salary for new Financial Analysts
Median (50th Percentile)
$95,703
Mid-career Financial Analyst salary
Senior (90th Percentile)
$139,996
Top earners in the field
Related Occupations in Michigan
Management Analyst
$94,055
avg in MI
-$1,648 vs Financial Analyst
Personal Financial Advisor
$93,693
avg in MI
-$2,010 vs Financial Analyst
Accountant
$75,710
avg in MI
-$19,993 vs Financial Analyst
Market Research Analyst
$71,399
avg in MI
-$24,304 vs Financial Analyst
Human Resources Specialist
$64,918
avg in MI
-$30,785 vs Financial Analyst
Financial Analyst Salary in Neighboring States
Compare Financial Analyst salaries in Michigan with nearby states to find the best opportunities.
More Michigan Data
Frequently Asked Questions
What is the average Financial Analyst salary in Michigan?
The average Financial Analyst salary in Michigan is $95,703 per year ($46.01/hour) based on 2026 data across 1 metro areas. This is 4.2% below the national average of $99,890.
What is the highest paying city for Financial Analysts in Michigan?
Detroit, MI is the highest paying city for Financial Analysts in Michigan, with a median salary of $95,703 per year.
What is the salary range for Financial Analysts in Michigan?
Financial Analyst salaries in Michigan range from $60,075 (entry-level, 10th percentile) to $139,996 (experienced, 90th percentile). The median salary is $95,703 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Michigan. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.