Average Financial Analyst Salary in Massachusetts

Finance · Updated 2024 · Based on BLS and industry data

Salary Overview

The average Financial Analyst in Massachusetts earns $110,400 per year, which is above the national average of $99,890. This translates to approximately $53.08 per hour, $4,246 biweekly, or $9,200 per month before taxes.

The cost of living in Massachusetts is 35% above the national average, which explains the higher salary levels needed to maintain purchasing power.

Salary Range

Percentile	Annual Salary	Hourly Rate
Entry Level (25th)	$82,800	$39.81
Average (50th)	$110,400	$53.08
Experienced (75th)	$127,000	$61.04
Top Earners (90th)	$143,500	$68.99

Financial Analyst Salary by City in Massachusetts

City	Average Salary	Monthly
Boston	$119,200	$9,933/mo
Worcester	$112,600	$9,383/mo
Springfield	$108,200	$9,017/mo
Cambridge	$104,900	$8,742/mo
Lowell	$102,700	$8,558/mo

Career Quick Facts

Detail	Information
Job Category	Finance
Typical Education	Bachelor's degree
Job Growth (2022-2032)	8% (nationwide)
State Income Tax	Flat 5.0% + 4% surtax over $1M
State Minimum Wage	$15.00/hr
Cost of Living Index	1.35 (+35% vs national avg)

Top Employers in Massachusetts

Major employers hiring Financial Analysts in Massachusetts include Mass General Brigham, Raytheon, Fidelity, Boston Scientific, and Wayfair. These companies and organizations offer competitive salaries and benefits packages for finance professionals.

Calculate Your Massachusetts Take-Home Pay

Want to see your actual paycheck after taxes? Use our free Massachusetts Take-Home Pay Calculator to see exactly how much you'll take home based on your salary, filing status, and deductions.