Financial Analysts Salary in Massachusetts
Official Bureau of Labor Statistics Data - May 2024 - MA
Median Annual Salary in Massachusetts
$117,388
$56.44 / hour
▲ 22.0% above national avg
National Median
$96,220
$46.26 / hour nationally
COL-Adjusted Purchasing Power
$82,551
Missouri equivalent (COL: 142.2)
Financial Analysts Salary in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $62,216 |
| 25th Percentile | $84,519 |
| 50th (Median) | $117,388 |
| 75th Percentile | $161,995 |
| 90th (Top Earners) | $201,907 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Massachusetts median salary of $117,388 for Financial Analysts has the purchasing power of approximately $82,551 in Missouri (the COL baseline state with index 100).
Massachusetts's higher cost of living (COL index: 142.2) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Financial Analysts make in Massachusetts?
Financial Analysts in Massachusetts earn a median annual salary of $117,388 per year ($56.44/hr) according to BLS OEWS data (May 2024). This is above the national median of $96,220.
Is Massachusetts a good state for Financial Analysts?
Massachusetts pays above the national average for financial analysts, making it a competitive market for this occupation. Cost of living in Massachusetts is higher average (COL index: 142.2).
What is the cost-of-living adjusted salary for Financial Analysts in Massachusetts?
After adjusting for cost of living (COL index: 142.2 vs. Missouri baseline of 100), the $117,388 salary in Massachusetts has the purchasing power of approximately $82,551 in Missouri. Higher living costs in Massachusetts reduce real purchasing power.
How does Massachusetts compare to neighboring states for Financial Analysts salaries?
For detailed comparison across all states, see the full Financial Analysts salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Massachusetts
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Radiologists | $378,102 |
| 2 | Orthopedic Surgeons, Except Pediatric | $373,588 |
| 3 | Neurologists | $360,632 |
| 4 | Surgeons, All Other | $359,314 |
| 5 | Ophthalmologists, Except Pediatric | $331,694 |
| 6 | Psychiatrists | $304,754 |
| 7 | Physicians, Pathologists | $297,582 |
| 8 | General Internal Medicine Physicians | $296,875 |
| Source: BLS OEWS May 2024 | ||
About Financial Analysts in Massachusetts
Financial Analysts work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the business finance sector of the U.S. economy.
Education Required: Bachelor's degree