Financial Analyst Jobs in Akron, OH
Financial Analyst Salary in Akron
Financial Analyst salaries in Akron are 15% below the national average, though the lower cost of living often provides similar purchasing power.
Purchasing power in Akron is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Financial Analyst Job Market in Akron
Akron, OH is a specialized market with unique career opportunities for Financial Analyst professionals. Though smaller than coastal metros, Akron offers focused opportunities and often better work-life balance. While Healthcare leads the local economy, there's growing demand for Financial Analyst roles across various sectors. The market for Financial Analyst positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Financial Analysts in Akron
Major employers hiring Financial Analysts in Akron include Regional banks, Credit unions, National financial services. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Financial Analysts in Akron
Living in Akron as a Financial Analyst means navigating a cost of living that's below the national average, making it an attractive option for budget-conscious professionals. Average rent for a 1-bedroom apartment is approximately $1,800/month. Housing costs are manageable for Financial Analyst salaries in the area. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Financial Analyst in Akron
Akron Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Financial Analysts in Akron: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Financial Analyst professionals due to proximity to major employers and urban amenities.
Tax Considerations in Ohio
Ohio has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Financial Analysts
The job outlook for Financial Analysts in Akron is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. While the market is smaller, Akron offers opportunities for those seeking specialized roles or better work-life balance. In-demand skills include Financial Modeling, Excel, Financial Statements, Forecasting.
Relocating to Akron
Akron's affordable cost of living means your Financial Analyst salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life.
Frequently Asked Questions
What is the average Financial Analyst salary in Akron, OH?
The average Financial Analyst salary in Akron, OH is $68,000 per year. Entry-level Financial Analysts typically start around $43,350, while experienced professionals can earn $97,750 or more. The national average for Financial Analyst roles is $80,000.
How many Financial Analyst jobs are available in Akron?
Akron has a growing job market with steady opportunities for Financial Analyst professionals. Major employers hiring Financial Analysts include Regional banks, Credit unions, National financial services. The Healthcare and Polymer sectors drive much of the demand in this market.
Is Akron a good city for Financial Analysts?
Akron is an solid choice for Financial Analysts. While not as large as coastal metros, it offers solid opportunities and often better work-life balance. The affordable cost of living means salaries go further than in more expensive markets. The city's healthcare industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Financial Analysts in Akron?
Top skills for Financial Analysts in Akron include Financial Modeling, Excel, Financial Statements, Forecasting, Valuation. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Financial Analysts in Akron?
Akron's cost of living is below the national average (85% of baseline). Average rent for a 1-bedroom apartment is approximately $1,800/month. Purchasing power in Akron is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Financial Analysts in Akron?
Akron Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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