{"id":141638,"date":"2023-06-20T18:02:21","date_gmt":"2023-06-20T18:02:21","guid":{"rendered":"https:\/\/businessyield.com\/?p=141638"},"modified":"2023-06-20T18:02:24","modified_gmt":"2023-06-20T18:02:24","slug":"salary-of-data-analyst","status":"publish","type":"post","link":"https:\/\/businessyield.com\/careers\/salary-of-data-analyst\/","title":{"rendered":"SALARY OF DATA ANALYST: How Much They Make 2023","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
To translate data into better data-driven business decisions, data analysts utilize mathematical and analytical techniques. The need for knowledgeable data analysts to process and comprehend the growing amount of data that is available to businesses is growing as well. For their expertise, data analysts are frequently well compensated. You’ll discover in this post the typical pay for data analysts. We will look into the salary of a data analyst for senior and entry-level in places like Houston.<\/p>\n\n\n\n
According to the job listing website Glassdoor, the average income for a data analyst in the United States in December 2022 will be $66,859. According to the US Bureau of Labor Statistics, the median annual wage for data analysts is $82,360, whereas Robert Half, a company that provides human resources consultancy, shows a midpoint compensation of $106,500. Despite the wide variety, all of these salaries are considerably greater than the $58,260 mean annual wage for all occupations in the United States.<\/p>\n\n\n\n
Your amount of experience is one of the main variables that can affect your pay. In general, you may anticipate making more money as a data analyst the longer you work in the field. According to Glassdoor, the experience might have the following effects on your data analyst salary:<\/p>\n\n\n\n
Your earning potential can increase even more if you take on a leadership position. According to Glassdoor, analytics directors make $180,392, while analytics managers in the US get an average compensation of $129,076.<\/p>\n\n\n\n
Data analytics may be used in almost every industry to improve business choices. Industries with the most demand for data specialists also tend to pay the highest salaries on average. More than three-quarters of data job vacancies are in the fields of finance and insurance, professional, scientific, and technical services, information technology, management, and manufacturing. As stated by Glassdoor, these are the salaries:<\/p>\n\n\n\n
How much money you make as a data analyst can be greatly influenced by where you live. Generally speaking, earning more money when working in a large city. Companies frequently provide location-based salaries\u2014salaries that take into account location rather than just merit\u2014as more and more businesses use a geographically dispersed workforce (including remote workers). These are the midpoint salaries for data analysts in the following significant US cities, according to Glassdoor:<\/p>\n\n\n\n
In the US, a Senior Data Analyst gets an average salary of $100,461. Senior data analysts typically receive a $1,638 bonus, or 2% of their annual salary, and 33% of them say they get one every year. San Francisco has the highest average total salary for senior data analysts at $152,348; this is 52% higher than the US average.<\/p>\n\n\n\n
Senior Data Analysts in the US earn salaries ranging from $18,969 to $504,776 per year, with a median pay of $92,000. Senior Data Analyst makes an average salary of $92,000 to $228,255, with the top 86% earning $504,776.<\/p>\n\n\n\n
In 2018, the average federal tax rate for a single filer in this tax bracket is predicted to be 24%. Senior Data Analysts may anticipate a take-home salary of $82,061 per year, or roughly $3,419 every paycheck, after deductions for federal taxes at a rate of 24%.<\/p>\n\n\n\n
The average hourly wage for an Entry Level Data Analyst in the United States as of June 9th, 2023 is $22.98. There may be several prospects for progression and greater income dependent on skill level, region, and years of experience given the wide variation in the typical salary range for an entry-level data analyst (by as much as $8.89). In your region, the average hourly wage for an entry-level data analyst is $29, which is $5.83 (25%) higher than the $22.98 national average. Ranked first nationally among the 50 states for Entry Level Data Analyst salaries.<\/p>\n\n\n\n