How Much Do Data Analysts Make In USA. Data analysts’ work is to transfer data into excellent data-driven business decisions by mathematical and analytical techniques. Data analysts usually are paid well for their skills. Dig into the article to know how much data analysts earn and how various factors, like experience, industry, location and skill, can impact your data analyst salary.
What is an Average Data Analyst’s Salary
According to the job posting site Glassdoor, the average base salary for a data analyst in the United States in December 2022 is $62,382. The Bureau of Labor Statistics cites a median annual salary of $82,326, while Robert Half, a human resources consulting firm, references a median annual salary of $106,500 for data analysts.
While this range differs, each of these salary estimates is significantly higher than the average annual salary in all occupations in the United States, $58,260.
It Sometimes Comes to Your Mind why Should you Choose a Career in Data Analytics
Well, People Choose a Career in Data Analytics Due to the Following Main Three Reasons
- Very high mean salaries.
- The rapid-growing industry with skilled employers in demand.
- Lots of room for career advancement.
The mean salary of data analysts in the USA is $68,033 per year. Freshers earn $47,568 per year, while most experienced workers earn $105,627. But the salary range is between $69,819 and $88,715. Salary contents can vary extensively depending on many essential factors such as education, certifications, additional skills and experience.
Salaries of Data Analyst : (Experience)
Experience level is one of the significant elements that affect wages. In fact, the more years you spend working as a data analyst, the more income you can earn. Here is the compensation of the data analyst experienced level.
- 4 to 6 years: $72,469
- 7 to 9 years: $76,050
- 10 to 14 years: $78,360
- 15+ years: $79,309
If you are beginning a career as a Data Analyst, your skills will take you up to a high level. The professional must be rich in top skills. Some of these top skills needed for data analysts are Structured Query Language (SQL), Microsoft Excel, Critical Thinking Python-Statistical Programming, Data Visualization, Presentation Skills, Machine Learning.
Besides that, you also need to sharpen your soft skills, including excellent communication and presentation skills, critical thinking, creativity, having an organised and logical approach to problem-solving and team working skills. There are several ways to develop your top skills to help you reach your aim. You can do online courses, boot camps, or an advanced analytics degree.
Salaries of Data Analyst (Industry)
Every industry utilises data analytics to formulate better business decisions. However, it depends on the industry that affects the salary of the data analysts. The highest demand for data professionals tends to be the same industries that pay the most on average.
As per The Quant Crunch, an IBM report on the demand for data science skills, finance and insurance, professional, scientific, and technical services, IT, management, and production depicts more than three-quarters of data job openings.
Salaries of Data Analyst (Location)
The location profoundly impacts how much you can earn as a data analyst professional. In general, if you are working in a big city like San Francisco, New York, Boston, or Washington, DC, you will get a higher salary. Many companies employ geographically dispersed employee that includes remote workers, and it is common for companies to offer location-based salaries.
Below are the Median Salaries for Data Analysts in the Following Large US Cities
CITIES |
SALARY |
|
San Francisco |
$151,230 |
|
New York |
$149,633 |
|
Boston |
$142,710 |
|
Washington, DC |
$141,645 |
|
Chicago |
$132,060 |
|
Phoenix |
$125,670 |
|
Alaska |
$88,347 |
|
Minnesota |
$83,232 |
|
Virginia |
$82,881 |
Entry Level Data Analyst Salary
The average entry-level Data Analyst salary in the United States is $62,000 annually. Salaries for entry-level Data Analyst jobs will depend on the company, industry, and education requirements of the position, with a base pay of $55,000 to $70,000 for entry-level Data Analysts. Most entry-level Data Analysts will have 0 to 2 years of experience and hold at least an associate’s or bachelor’s degree.
Conclusion
In conclusion, Your experience is one of the biggest factors that can influence your salary. The longer you spend as a data analyst, the more you can expect to earn.
The place can also have a large impact on your earnings as a data analyst, as working in a major city like San Francisco, New York, Boston, or Washington, DC can lead to higher earnings (as well as a higher cost of living). It’s typical for companies to offer location-based salaries, which are based on geography rather than merit alone, as more and more companies have a geographically dispersed workforce (including remote workers).
Frequently Asked Questions (FAQs)
Can a Master’s Degree Increase my Data Analyst Salary?
For data analyst jobs, a bachelor’s degree is the most common entry-level qualification, but a master’s degree or certification could also improve your earning potential (and your job prospects). Data analysts with a master’s degree in data analytics or other computer science-related fields could make $15,000 more than those with only a bachelor’s degree.
How Else Can I Increase my Data Analyst Salary?
According to a Glassdoor study, nearly one in three workers accepted their most recent salary without negotiating. Another way to potentially raise your salary is to ask whether the amount offered can be reduced. During the job search, study what other data analysts earn, as well as what kind of cash compensation you could expect, depending on your location, experience, and available job listings.
Do Data Analysts get Paid Well?
Yes, with the increasing demand for data analysts, the pay is also rising. Entry-level data analyst positions pay above the $40,000 mark and senior positions typically pay well over $100,000. Their salary is heavier than any other field in the USA.
Can Data Analysts Work From Home?
Covid-19 has led to the adoption of remote working practices by many companies, so that data analysts can currently work from home. Following the pandemic, companies may choose to continue to have work-from-home policies to allow their workforce more flexibility.
What is the Highest Salary for a Data Analyst in the United States?
The highest salary for a Data Analyst in the United States is $1,05,986 per year.
