Risk Analyst Salary in Erie, PA
How much does a risk analyst make in Erie? Explore median, entry-level, and senior salaries adjusted for Erie's cost of living.
Salary Breakdown by Experience Level
See how risk analyst salaries break down across different pay periods in Erie.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $44,863 | $75,922 | $103,531 |
| Monthly | $3,739 | $6,327 | $8,628 |
| Biweekly | $1,726 | $2,920 | $3,982 |
| Weekly | $863 | $1,460 | $1,991 |
| Hourly | $22 | $37 | $50 |
Erie vs National Average
How Erie's risk analyst salaries compare to national figures.
Cost of Living in Erie
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 Erie.
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 Erie.
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 Erie.
Risk Analyst Salary in Erie, PA — Complete Guide
Median Salary Overview
The median salary for a risk analyst in Erie, PA is $75,922 per year, adjusted for the local cost of living index of 87. This figure reflects typical earnings for experienced professionals in this role, considering Erie's unique economic conditions.
Salary Range and Experience Levels
Entry-level risk analyst professionals in Erie can expect to earn around $44,863 annually. As professionals gain experience, salaries typically increase, with senior-level risk analysts earning approximately $103,531 per year. This represents a 131% increase from entry to senior level.
Cost of Living Adjustment
Erie's cost of living index of 87 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Erie 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 Erie typically goes toward housing. With a 1-bedroom apartment averaging $850 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 Erie, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.