Financial Analyst Salary in Detroit
2026 compensation data for Financial Analyst positions in Detroit, MI. Ranges from $55,000 (entry-level) to $165,000 (senior). Median: $92,000.
Median (Mid)
$92,000
$44.23/hr
vs National
+3%
US: $89,000
COL Index
95
vs US avg = 100
Senior Max
$165,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $55,000 | $64,000 | $77,000 | $30.77/hr |
| Mid-Level (3–5 yrs) | $75,000 | $92,000 | $113,000 | $44.23/hr |
| Senior (6+ yrs) | $108,000 | $133,000 | $165,000 | $63.94/hr |
What Your Salary Is Really Worth in Detroit
A mid-level financial analyst earning $92,000 in Detroit has the same buying power as $97,000 in an average US city, after adjusting for the local cost of living (COL index 95).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Financial Analyst Salaries in Detroit
The median financial analyst salary in Detroit, MI is $92,000 for mid-level professionals, which is 3% above the national median. With a cost of living index of 95 (national average = 100), Detroit offers an affordable cost of living, making these salaries stretch further.
Entry-level financial analysts in Detroit can expect to earn between $55,000 and $77,000 (about $30.77/hour), while senior professionals with 6+ years of experience earn up to $165,000 ($165K annually, or about $79.33/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Detroit.
Frequently Asked Questions: Financial Analyst Salary in Detroit
What is the average Financial Analyst salary in Detroit?+
The average Financial Analyst salary in Detroit is $92,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $64,000 and senior-level pay reaches $133,000.
How much does an entry-level financial analyst make in Detroit?+
Entry-level financial analysts in Detroit earn between $55,000 and $77,000, with a median of $64,000 per year (about $30.77/hour).
What is the hourly rate for a Financial Analyst in Detroit?+
Based on a 2,080-hour work year, a Financial Analyst in Detroit earns roughly $30.77/hour at entry-level, $44.23/hour at mid-level, and $63.94/hour at senior-level.
Is the Financial Analyst salary in Detroit higher than the US average?+
Yes — Financial Analyst salaries in Detroit are about 3% higher than the US national median of $89,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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