Financial Analyst Salary in Indiana
Based on 4K+ workers in Indiana
Median Annual Salary (IN)
$81,760
$39.31/hr
vs National Average
$97,172
-15.9% vs national median
Salary Range (10th–90th)
$56K – $128K
4K employed in Indiana
Financial Analyst salary in Indiana averages $81,760 per year, with approximately 3,680 professionals currently employed in the state. This represents a competitive opportunity for those entering or advancing in finance roles. However, Indiana's median salary falls 16% below the national average, reflecting regional economic differences and cost-of-living variations compared to higher-wage states.
Several factors influence Financial Analyst salary in Indiana, including years of experience, specific industry sector, company size, and educational credentials. Advanced certifications like CFA or CPA can command higher compensation, while analysts in financial services or healthcare sectors may earn differently than those in manufacturing. Geographic location within Indiana also plays a role, with salaries typically higher in major metropolitan areas like Indianapolis compared to rural regions.
Salary Distribution — Financial Analyst in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $55,550 |
| 25th percentile | $64,990 |
| Median (50th percentile) | $81,760 |
| 75th percentile | $107,160 |
| 90th percentile | $127,550 |
Top-Paying Industries for Financial Analyst (U.S.)
Which industries pay Financial Analysts the most — nationwide figures (industry-level data is not available by state). Financial Analysts in Indiana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Mining, Quarrying, and Oil and Gas Extraction | $124,750 | 1K |
| Information | $118,090 | 12K |
| Finance and Insurance | $107,030 | 155K |
| Utilities | $106,720 | 2K |
| Real Estate and Rental and Leasing | $104,500 | 11K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Analyst in Indiana vs National
| Year | Median Salary (Indiana) |
|---|---|
| 2022 | $81,140 |
| 2023 | $81,310 |
| 2024 | $80,420 |
| 2025 | $81,760 |
| 2026 (projected) | $83,122 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Indiana Median | National Median |
|---|---|---|
| 2022 | $81,140 | $85,095 |
| 2023 | $81,310 | $87,779 |
| 2024 | $80,420 | $94,263 |
| 2025 | $81,760 | $97,172 |
| 2026 (projected) | $83,122 | $98,791 |
Financial Analyst Salary by Experience Level in Indiana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $64,990 |
| Mid-level | 3-5 yrs | $81,760 |
| Senior | 6-9 yrs | $107,160 |
| Staff / Lead | 10+ yrs | $127,550 |
Financial Analyst Salary in Other States
Related Financial Analyst Salaries in Indiana
How other high-demand occupations in Indiana compare to Financial Analyst ($81,760 median).
| Occupation | Median Salary | vs Financial Analyst | Hourly |
|---|---|---|---|
| Financial Manager in IN | $135,840 | +66.1% | $65.31/hr |
| Actuary in IN | $100,690 | +23.2% | $48.41/hr |
| Tax Examiner in IN | $92,410 | +13.0% | $44.43/hr |
| Personal Financial Advisor in IN | $87,710 | +7.3% | $42.17/hr |
| Budget Analyst in IN | $82,080 | +0.4% | $39.46/hr |
| Financial Examiner in IN | $81,300 | -0.6% | $39.09/hr |
| Economist in IN | $80,750 | -1.2% | $38.82/hr |
| Compliance Officer in IN | $78,770 | -3.7% | $37.87/hr |
| Accountant in IN | $77,720 | -4.9% | $37.37/hr |
| Loan Officer in IN | $72,960 | -10.8% | $35.08/hr |
| Securities Sales Agent in IN | $68,290 | -16.5% | $32.83/hr |
| Credit Analyst in IN | $62,660 | -23.4% | $30.13/hr |
Frequently Asked Questions
How much do financial analysts make in Indiana?
- The median salary for a financial analyst in Indiana is $81,760 per year, or approximately $39 per hour. This is 15.9% below the national average for this position.
What is the salary range for financial analysts in Indiana?
- Financial analysts in Indiana earn between $55,550 and $127,550 annually, depending on experience, education, and employer. This wide range reflects differences in career level and specialized skills.
How many financial analysts work in Indiana?
- There are currently 3,680 financial analysts employed in Indiana, representing a stable job market for this profession in the state.
Is the financial analyst salary in Indiana competitive compared to the national average?
- No, Indiana's median financial analyst salary of $81,760 is about 15.9% lower than the national average. Job seekers in Indiana should expect to earn less in this role compared to other states.