Risk Analyst Salary in Ellicott City, MD
How much does a risk analyst make in Ellicott City? Explore median, entry-level, and senior salaries adjusted for Ellicott City's cost of living.
Salary Breakdown by Experience Level
See how risk analyst salaries break down across different pay periods in Ellicott City.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $75,993 | $128,604 | $175,370 |
| Monthly | $6,333 | $10,717 | $14,614 |
| Biweekly | $2,923 | $4,946 | $6,745 |
| Weekly | $1,461 | $2,473 | $3,373 |
| Hourly | $37 | $62 | $84 |
Ellicott City vs National Average
How Ellicott City's risk analyst salaries compare to national figures.
Cost of Living in Ellicott City
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
Compare Cities: Risk Analyst Salary
See Risk Analyst salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a risk analyst salary in Ellicott City.
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 Ellicott City.
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 Ellicott City.
Risk Analyst Salary in Ellicott City, MD — Complete Guide
Median Salary Overview
The median salary for a risk analyst in Ellicott City, MD is $128,604 per year, adjusted for the local cost of living index of 125. This figure reflects typical earnings for experienced professionals in this role, considering Ellicott City's unique economic conditions.
Salary Range and Experience Levels
Entry-level risk analyst professionals in Ellicott City can expect to earn around $75,993 annually. As professionals gain experience, salaries typically increase, with senior-level risk analysts earning approximately $175,370 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Ellicott City's cost of living index of 125 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Ellicott City 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 Ellicott City typically goes toward housing. With a 1-bedroom apartment averaging $1,600 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
Risk Analysts are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Ellicott City, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.