Financial Analyst Salary in Birmingham, AL
How much does a financial analyst make in Birmingham? Explore median, entry-level, and senior salaries adjusted for Birmingham's cost of living.
Salary Breakdown by Experience Level
See how financial analyst salaries break down across different pay periods in Birmingham.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $55,502 | $92,840 | $129,169 |
| Monthly | $4,625 | $7,737 | $10,764 |
| Biweekly | $2,135 | $3,571 | $4,968 |
| Weekly | $1,067 | $1,785 | $2,484 |
| Hourly | $27 | $45 | $62 |
Birmingham vs National Average
How Birmingham's financial analyst salaries compare to national figures.
Cost of Living in Birmingham
About Financial Analyst
Overview
Analyze financial data and provide recommendations for investments and business decisions.
Education
Bachelor's degree in Finance, Economics, or related field
Key Skills
Growth Rate
Expected job growth: +19% over the next decade
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Financial Analyst Salary in Birmingham, AL — Complete Guide
Median Salary Overview
The median salary for a financial analyst in Birmingham, AL is $92,840 per year, adjusted for the local cost of living index of 93. This figure reflects typical earnings for experienced professionals in this role, considering Birmingham's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial analyst professionals in Birmingham can expect to earn around $55,502 annually. As professionals gain experience, salaries typically increase, with senior-level financial analysts earning approximately $129,169 per year. This represents a 133% increase from entry to senior level.
Cost of Living Adjustment
Birmingham's cost of living index of 93 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Birmingham are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $83,200, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a financial analyst's salary in Birmingham typically goes toward housing. With a 1-bedroom apartment averaging $1,150 per month, housing represents about 14.9% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Financial Analysts are in growing demand across the United States, with an expected job growth of 19% over the next decade. In Birmingham, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.