Financial Analyst Salary in Detroit: Is It Worth It?
The median financial analyst salary in Detroit is $102K a year. Here is what actually lands in your pocket after taxes - and what it's really worth once you account for the local cost of living.
Where the money goes
| Item | Amount / year | Share of gross |
|---|---|---|
| Gross salary | $101,550 | 100% |
| Federal income tax (2026, single) | −$13,511 | 13.3% |
| FICA (Social Security + Medicare) | −$7,769 | 7.7% |
| State income tax (Michigan) | −$3,303 | 3.3% |
| Take-home | $76,967 | 75.8% |
Estimates use single filing status, standard deduction, wages-only income. Full assumptions on the methodology page.
Compare with other metros
Boston
Atlanta
Chicago
Dallas
Houston
Los Angeles
Typical costs to know
Michigan taxes wage income, and Detroit's cost of living is 0% above the U.S. average. In dollar terms,$102K of gross salary converts to roughly $77K of buying power after tax.
FAQ
What is the average financial analyst salary in Detroit?
The median annual wage is $101,550, per the BLS Occupational Employment and Wage Statistics survey.
How much do financial and investment analysts take home in Detroit?
After estimated federal income tax ($13,511), FICA ($7,769) and Michigan state tax ($3,303), net income is about $76,967 a year - roughly $6K per month.
Is $102K a good salary in Detroit?
Because the local cost of living is 0% above the U.S. average, that salary supports buying power roughly equivalent to $77K at the national average. See the methodology for the math.