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salary information

Salary Information for a Compensation Analyst in Phoenix, AZ

Median salary:

This data reflects Total Cash for a Level 2 Compensation Analyst at a mid-size company. To get more detailed information on total compensation for the role of Compensation Analyst in Phoenix, AZ, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

25th percentile
50th percentile
75th percentile

Behind the numbers

What is the adjusted total comp for a Compensation Analyst in Phoenix, AZ?

Total Comp (TC)
Cost of Living (COL) Index
COL-Adjusted TC
Median Home Price

63.9

Total Comp (TC)

Cost of Living (COL) Index
63.9
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Compensation Analyst in Phoenix, AZ?

Designs, administers and oversees a company's compensation and rewards programs, including base salary, short- & long-term incentive programs, job analysis & evaluations, salary survey participation and procurement. Conducts market analysis of company jobs to determine competitive positioning of the organization's pay programs. Participates in annual salary administration programs including salary structure creation and maintenance and development of incentive or salary increase budgets. Ensures that all compensation-related activities are in compliance with applicable regulations and standards.

What are the characteristics of a level 2 Compensation Analyst?

A level 2 Compensation Analyst in Phoenix, AZ has well developed professional and technical expertise. Their work impacts the quality and timeline of part of a product or service. They typically have 3 yearas of average experience.

Compensation Analyst

Benchmark Role

Individual Contributor

Job Type

Compensation

Job Family

Business

Job Area

Quality of Life in Phoenix, AZ for an Individual Earning $107,440

Cost of Living

  • Overall Cost of Living:
    The cost of living in Phoenix is slightly above the national average. Key factors contributing to expenses include housing, transportation, and health care.

  • Transportation Costs:
    Public transportation is available but may not be as comprehensive as in larger metropolitan areas, making car ownership common and adding to overall transportation expenses.

  • Food and Utilities:
    Grocery prices and utility costs in Phoenix are comparable to national averages, providing some level of predictability in monthly budgeting.

Housing Market

  • Home Prices:
    The median home price in Phoenix is higher than the national average, driven by increasing demand and a growing population.

  • Housing Affordability:
    With a salary of $107,440, an individual can afford a comfortable home in many neighborhoods, though housing costs may take a larger portion of income compared to other regions in the U.S.

Quality of Life

  • Recreational Opportunities:
    Phoenix offers a wide range of outdoor activities thanks to its warm climate, including hiking, golfing, and visiting national parks.

  • Climate:
    The hot desert climate can be challenging, with extremely high temperatures in the summer months. However, mild winters are a noted advantage.

  • Cultural and Entertainment Options:
    The city provides various cultural events, arts, and dining options, contributing to a vibrant lifestyle.

Access to Healthcare

  • Healthcare Facilities:
    Phoenix has a robust healthcare system with several top-rated hospitals and specialty care centers.

  • Cost of Healthcare:
    Healthcare costs are slightly above the national average, reflecting both the quality and accessibility within the city.

Quality of K-12 Schools

  • Public School System:
    The quality of K-12 education varies, with some highly rated schools and others facing challenges. School districts differ significantly, impacting educational outcomes.

  • Private and Charter Schools:
    There is a substantial presence of private and charter schools, providing alternatives for families seeking different educational environments.

Summary of Assessment

Living in Phoenix, AZ, with an income of $107,440 affords a comfortable quality of life, though some living expenses, particularly housing, are higher than the national average. The city's abundant recreational opportunities and mild winter climate contribute positively to the quality of life. Access to healthcare is generally strong, though costlier

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OpenComp aggregates multiple data sources to provide accurate salary data for Phoenix, AZ, specifically for a Level 2 Compensation Analyst. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

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