Based on the latest Bureau of Labor Statistics OEWS data — updated September 10, 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.
By median annual wage, financial analysts rank 132 of the 774 occupations reported in Michigan — higher than 83% of them.
Among occupations in the same job family, Financial Risk Specialists at $103,940, Project Management Specialists at $100,970, Budget Analysts at $96,430 — all figures are median annual wages for Michigan.
No. Every figure on this page is a gross (pre-tax) wage. Michigan levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 91.0 (100 = national average).
By median annual wage, financial analysts rank 132 of the 774 occupations reported in Michigan — higher than 83% of them.
| Occupation in the same job family | Median in Michigan | Jobs |
|---|---|---|
| Financial Risk Specialists | $103,940 | $1,150 |
| Project Management Specialists | $100,970 | $25,330 |
| Budget Analysts | $96,430 | $1,020 |
| Management Analysts | $93,640 | $13,010 |
| Logisticians | $83,200 | $10,270 |
| Agents and Business Managers of Artists, Performers, and Athletes | $82,440 | — |
Michigan levies a state income tax, so take-home pay is lower than the gross figures shown here. The state's cost of living index is 91.0 (100 = national average).
Ranking and comparison figures come from the same BLS OEWS release as the rest of this page, which covers 774 occupations in Michigan.