PricingCustomersResources
Try for FreeRequest a Demo
Open MenuClose Menu icon

salary information

Salary Information for a Financial Reporting Analyst in Detroit, MI

Median salary:

This data reflects Total Cash for a Level 1 Financial Reporting Analyst at a mid-size company. To get more detailed information on total compensation for the role of Financial Reporting Analyst in Detroit, MI, 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 Financial Reporting Analyst in Detroit, MI?

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

64

Total Comp (TC)

Cost of Living (COL) Index
64
COL-Adjusted TC

Median Home Price

What are the responsibilities of a Financial Reporting Analyst in Detroit, MI?

Works on external financial reporting, consolidation of financial results, technical accounting research and other projects, e.g. mergers and acquisitions support. Identifies and reports accounting issues and performs related research and documentation on all technical accounting matters. Coordinates and aids in the preparation of debt/equity transactions, including regulatory registrations and submissions.

What are the characteristics of a level 1 Financial Reporting Analyst?

A level 1 Financial Reporting Analyst in Detroit, MI is a developing professional and technical expertise. They are able to resolve routine issues and problems and have an average of 1 year of work experience.

Financial Reporting Analyst

Benchmark Role

Individual Contributor

Job Type

Financial Reporting

Job Family

Business

Job Area

Quality of Life in Detroit, MI on a $66,560 Income

Understanding the quality of life in Detroit for someone making $66,560 annually requires a detailed assessment of several factors, including cost of living, housing, healthcare, and education. Here’s a comprehensive breakdown:

Cost of Living

  • Overall Affordability: Detroit has a lower cost of living compared to the national average, making it more affordable for residents with an income of $66,560.
  • Daily Expenses: Groceries, utilities, and transportation costs in Detroit are generally lower, allowing residents to manage their finances efficiently.
  • Discretionary Spending: Residents may find they have more disposable income for leisure activities or savings compared to those living in other metropolitan areas.

Housing Market

  • Home Prices: The median home price in Detroit is significantly lower than the national average, providing more opportunities for homeownership.
  • Rental Market: Rent in Detroit is relatively affordable, suitable for individuals not looking to purchase a home immediately.
  • Housing Quality: While more affordable, housing quality can vary greatly, with some areas showcasing revitalized neighborhoods, while others may still face issues related to infrastructure and services.

Quality of Life

  • Lifestyle Options: Detroit offers diverse cultural activities, including music, arts, and sporting events, contributing to a rich urban lifestyle.
  • Community Feel: Many neighborhoods foster strong community ties, though some areas may face ongoing challenges related to crime and redevelopment.
  • Traffic and Commute: Generally lower traffic congestion compared to other cities improves commuting times.

Access to Healthcare

  • Healthcare Facilities: Detroit hosts several reputable healthcare institutions providing a range of services.
  • Healthcare Costs: Out-of-pocket healthcare costs may be slightly higher compared to other regions, possibly affecting overall healthcare affordability.
  • Insurance Accessibility: Those earning $66,560 generally have access to employer-sponsored healthcare plans, which can offset some costs.

Quality of K-12 Schools

  • Public Schools: Quality varies significantly by district, with some schools achieving high performance rates while others struggle with funding and resources.
  • Private and Charter Schools: Options available, though affordability may be a concern for middle-income families.
  • Education Initiatives: Ongoing improvements and investments in education look promising for future enhancements in school quality.

Summary

Living in Detroit on a $66,560 salary provides a balance of affordability

See salary information for the Financial Reporting Analyst role elsewhere in the United States

Try OpenComp today

Sign-up to search for more detailed compensation information that includes base pay, total cash, and equity by role, city, and job level

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for Detroit, MI, specifically for a Level 1 Financial Reporting Analyst. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.

You are in safe hands with us.

Feel confident that your comp data is safe and secure with OpenComp's access controls, data encryption, security certifications and system audits.