Risk Analyst Salary in Elizabeth, NJ
How much does a risk analyst make in Elizabeth? Explore median, entry-level, and senior salaries adjusted for Elizabeth's cost of living.
Salary Breakdown by Experience Level
See how risk analyst salaries break down across different pay periods in Elizabeth.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $79,467 | $134,483 | $183,386 |
| Monthly | $6,622 | $11,207 | $15,282 |
| Biweekly | $3,056 | $5,172 | $7,053 |
| Weekly | $1,528 | $2,586 | $3,527 |
| Hourly | $38 | $65 | $88 |
Elizabeth vs National Average
How Elizabeth's risk analyst salaries compare to national figures.
Cost of Living in Elizabeth
About Risk Analyst
Overview
Identify and analyze potential business risks and mitigation strategies.
Education
Bachelor's degree in Finance, Risk Management, or related field
Key Skills
Growth Rate
Expected job growth: +18% over the next decade
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Risk Analyst Salary in Elizabeth, NJ — Complete Guide
Median Salary Overview
The median salary for a risk analyst in Elizabeth, NJ is $134,483 per year, adjusted for the local cost of living index of 122. This figure reflects typical earnings for experienced professionals in this role, considering Elizabeth's unique economic conditions.
Salary Range and Experience Levels
Entry-level risk analyst professionals in Elizabeth can expect to earn around $79,467 annually. As professionals gain experience, salaries typically increase, with senior-level risk analysts earning approximately $183,386 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Elizabeth's cost of living index of 122 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Elizabeth are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $91,860, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a risk analyst's salary in Elizabeth typically goes toward housing. With a 1-bedroom apartment averaging $1,500 per month, housing represents about 13.4% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Risk Analysts are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Elizabeth, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.