Financial Analyst Salary in Madison, SD
How much does a financial analyst make in Madison? Explore median, entry-level, and senior salaries adjusted for Madison's cost of living.
Salary Breakdown by Experience Level
See how financial analyst salaries break down across different pay periods in Madison.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $32,629 | $54,579 | $75,937 |
| Monthly | $2,719 | $4,548 | $6,328 |
| Biweekly | $1,255 | $2,099 | $2,921 |
| Weekly | $627 | $1,050 | $1,460 |
| Hourly | $16 | $26 | $37 |
Madison vs National Average
How Madison's financial analyst salaries compare to national figures.
Cost of Living in Madison
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
Compare Cities: Financial Analyst Salary
See Financial Analyst salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a financial analyst salary in Madison.
Salary Breakdown Calculator
See exactly how your salary breaks down into taxes and take-home pay.
Cost of Living Calculator
Understand your expenses and purchasing power in Madison.
Budget Calculator
Create a personalized budget based on your income and expenses.
Rent vs Buy Calculator
Compare the true costs of renting versus buying in Madison.
Financial Analyst Salary in Madison, SD — Complete Guide
Median Salary Overview
The median salary for a financial analyst in Madison, SD is $54,579 per year, adjusted for the local cost of living index of 80. This figure reflects typical earnings for experienced professionals in this role, considering Madison's unique economic conditions.
Salary Range and Experience Levels
Entry-level financial analyst professionals in Madison can expect to earn around $32,629 annually. As professionals gain experience, salaries typically increase, with senior-level financial analysts earning approximately $75,937 per year. This represents a 133% increase from entry to senior level.
Cost of Living Adjustment
Madison's cost of living index of 80 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Madison 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 Madison typically goes toward housing. With a 1-bedroom apartment averaging $660 per month, housing represents about 14.5% 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 Madison, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.