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Financial Analyst Salary in Colorado Springs, CO

How much does a financial analyst make in Colorado Springs? Explore median, entry-level, and senior salaries adjusted for Colorado Springs's cost of living.

Median Salary
$94,530
per year in Colorado Springs
Entry Level
$56,512
Starting salary
Senior Level
$131,521
Experienced professionals
Cost of Living
120
20% above national avg

Salary Breakdown by Experience Level

See how financial analyst salaries break down across different pay periods in Colorado Springs.

PeriodEntry LevelMedianSenior
Annual$56,512$94,530$131,521
Monthly$4,709$7,878$10,960
Biweekly$2,174$3,636$5,059
Weekly$1,087$1,818$2,529
Hourly$27$45$63

Colorado Springs vs National Average

How Colorado Springs's financial analyst salaries compare to national figures.

Colorado Springs Salary
$94,530
COL Index: 120
National Average
$83,200
COL Index: 100
Difference
+$11,330
Higher in Colorado Springs

Cost of Living in Colorado Springs

1-Bedroom Rent
$1,650
per month
Median Income
$63,234
per year
Population
478,961
residents
Rent % of Income
31.3%
median household
Cost of Living Index: 120 — A score of 100 represents the U.S. average. Salaries in Colorado Springs have been adjusted to account for local cost differences.

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

Financial AnalysisExcelInvestment ResearchData Analysis

Growth Rate

Expected job growth: +19% over the next decade

Compare Cities: Financial Analyst Salary

See Financial Analyst salaries in other top cities.

New York, NY
$128,490
+36%
Los Angeles, CA
$102,660
+9%
Chicago, IL
$102,790
+9%
Houston, TX
$98,310
+4%
Phoenix, AZ
$91,140
-4%

Financial Tools to Explore

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Financial Analyst Salary in Colorado Springs, CO — Complete Guide

Median Salary Overview

The median salary for a financial analyst in Colorado Springs, CO is $94,530 per year, adjusted for the local cost of living index of 120. This figure reflects typical earnings for experienced professionals in this role, considering Colorado Springs's unique economic conditions.

Salary Range and Experience Levels

Entry-level financial analyst professionals in Colorado Springs can expect to earn around $56,512 annually. As professionals gain experience, salaries typically increase, with senior-level financial analysts earning approximately $131,521 per year. This represents a 133% increase from entry to senior level.

Cost of Living Adjustment

Colorado Springs's cost of living index of 120 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Colorado Springs 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 Colorado Springs typically goes toward housing. With a 1-bedroom apartment averaging $1,650 per month, housing represents about 20.9% 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 Colorado Springs, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.