FinanceUpdated Q1 2025

Financial Analyst Salary
in Detroit, MI

Evaluate financial data to guide investment decisions and business strategy. Median salary in Detroit: $91K/year. Data from BLS, O*NET, and H-1B disclosures.

Median salary
$91K
per year
Take-home: $60K

Salary range in Detroit

Entry level (25th)$65,000
Median (50th)$91,000
Senior (75th)$125,000
Top earner (90th)$173,000

Source: BLS OES 2026, H-1B DOL Disclosures Q1 2026. Figures represent annual base salary in Detroit, Michigan.

Key facts for Detroit

Median salary
$91K
annual
Take-home pay
$60K
after fed/state tax
COL index
82
100 = US avg
State income tax
4.25%
annual
Avg 1BR rent
$1,050
per month
YoY growth
+3.6%
salary trend

Salary forecast: Detroit Financial Analyst to 2030

Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2025. At current growth rates, median salary reaches $101K by 2030.

Salary trend & forecast — Detroit

Historical (2019–2025) + projected to 2030 based on BLS growth rates

HistoricalProjected
Financial Analyst salary trend 2019–2030PROJECTED →$76K$82K$89K$95K$101K201920212023202520272029
2026
$93K
projected
2027
$95K
projected
2028
$97K
projected
2029
$99K
projected
2030
$101K
projected

Projections based on BLS Employment Projections 2022–2032 CAGR and WEF Jobs Report 2025. Not financial advice.

YearProjected median salaryvs today
2027 projected$95,000+$4,000
2028 projected$97,000+$6,000
2029 projected$99,000+$8,000
2030 projected$101,000+$10,000

Projections use compound annual growth rate (CAGR) from BLS occupational outlook data. Actual salaries may vary.

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Financial Analyst Salary in Detroit, Michigan: Complete Guide (2026)

The median Financial Analyst salary in Detroit, MI is $91,000 per year as of Q1 2025. This figure represents the midpoint of all reported compensation for this role in the Detroit–MI metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.

Salary range for Financial Analyst in Detroit

Entry-level Financial Analysts in Detroit with 0–2 years of experience typically earn between $65,000 and $91,000 annually. Mid-career professionals with 3–7 years command $91,000 to $125,000, while senior-level practitioners with 8+ years of experience regularly earn $125,000 to $173,000 or more.

Cost of living in Detroit for Financial Analysts

Detroit has a cost of living index of 82 compared to the US national average of 100. This means your salary goes approximately 18% further in Detroit than the national average. Michigan has a 4.25% state income tax rate.

Education requirements for Financial Analyst

Bachelor's in Finance, Economics, or Accounting; CFA valued. 45% of these roles offer some remote flexibility.

Financial Analyst salary in nearby cities

CityMedian salaryCOL index
Detroit (current)$91K82
Grand Rapids90
Warren85
Sterling Heights90
Ann Arbor115
Lansing85