Based on the latest Bureau of Labor Statistics OEWS data — updated August 12, 2026.
| Michigan | National | Difference | |
|---|---|---|---|
| Median annual salary | $95,420 | $104,114 | -8% |
| Median hourly wage | $45.88 | $50.05 | -8% |
Adjusted for local price levels (100 = national average), the cost-adjusted median is $99,189.
| City | Median | Entry Level | Experienced | Cost of Living |
|---|---|---|---|---|
| Detroit | $92,898 | $65,100 | $134,850 | 90 |
The median annual salary for a Financial Analyst in Michigan is $95,420, or about $45.88 per hour, according to BLS OEWS data.
The national median for Financial Analysts is $104,114. Michigan is -8% below the national median.
Entry-level financial analysts in Michigan typically earn from $65,100 depending on the city and employer.
With 7,400 financial analyst jobs on record and a median salary of $95,420, Michigan offers competitive pay compared to the rest of the country.