How Much Do Data Analysts Make? 2023 Salary Guide
Data analysts utilise mathematical and analytical techniques to translate data into better data-driven business decisions. The need for knowledgeable data analysts to process and comprehend the growing amount of data available to businesses is also growing. For their expertise, data analysts are frequently well compensated.
You'll discover in this article the typical income for a data analyst and how your salary may vary depending on your experience, industry, geographic area, and job title. We'll also discuss potential strategies to increase your earning potential if you're interested in beginning or developing a career as a data analyst.
What is an average data analyst's salary?
The average salary for a data analyst in the United States is around $75,000 annually. However, this can vary depending on location, experience, and the specific industry in which the data analyst works. In larger cities or enterprises with a high demand for data analysis, the salary for a data analyst may be higher. Data analysts with more experience or advanced degrees may also earn higher wages. It's also worth noting that the salary for a data analyst can also vary depending on the company size and the position level.
Data analyst salaries by experience
The salary for a data analyst can vary depending on factors such as location, industry, and experience level. Here is a general breakdown of salaries for data analysts by expertise:
- Entry-level data analyst: $50,000 to $65,000
- Mid-level data analyst: $65,000 to $90,000
- Senior-level data analyst: $90,000 to $120,000+
Please note that these are rough estimates and actual salaries can vary widely depending on location, industry, and experience level.
Data analyst salaries by industry
The salary for a data analyst can vary depending on the industry they work in. Here is a general breakdown of salaries for data analysts by sector:
- Technology: $70,000 - $115,000
- Finance: $75,000 - $120,000
- Healthcare: $65,000 - $95,000
- Retail: $60,000 - $85,000
- Government: $60,000 - $85,000
- Consulting: $70,000 - $110,000
- Education: $55,000 - $75,000
These are rough estimates, and salaries can vary widely depending on location, specific role, level of experience, and company size.
Data analyst salaries by location
The salary for a data analyst can vary depending on the location they work in. Here is a general breakdown of salaries for data analysts by location:
- San Francisco, CA: $90,000 - $150,000
- New York City, NY: $80,000 - $130,000
- Boston, MA: $75,000 - $120,000
- Seattle, WA: $75,000 - $120,000
- Chicago, IL: $70,000 - $110,000
- Austin, TX: $70,000 - $110,000
- Atlanta, GA: $65,000 - $100,000
- Denver, CO: $65,000 - $100,000
- Washington, D.C: $75,000 - $120,000
These are rough estimates, and salaries vary widely depending on specific roles, experience levels, and company size. Also, remember that the cost of living also plays a significant role; for example, San Francisco and New York have one of the highest costs of living in the US, so the salary range should be adjusted accordingly.
The job outlook for data analysts
The job outlook for data analysts is positive. The demand for data analysts is increasing as more companies recognise the value of data-driven decision-making.
The rise of big data and the increasing use of data analytics in various industries also drive the demand for data analysts.
According to the Bureau of Labor Statistics, management analyst employment, including data analysts, is projected to grow 14 per cent from 2019 to 2029, much faster than the average for all occupations.