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Finance & Accounting Massachusetts (MA) 2026 Compensation Data

Financial Analyst Salary in Massachusetts

The estimated median salary for a Financial Analyst in Massachusetts is $108,000 per year. After federal withholdings, FICA, and state taxes, the average net take-home pay comes out to $6,622 / month.

2026 IRS & State Tax Formulas

Interactive Take-Home Pay Calculator

Adjust your target compensation to recalculate net take-home pay in Massachusetts.

Slider Adjustment$108,000 / yr
Junior RangeMedianPrincipal / Lead
Estimated Net Take-Home (monthly)
$6,622
Total Effective Tax
26.4%
Federal Tax$15,601
FICA (SS+Med)$8,262
Massachusetts Tax$4,670
Total Deductions-$28,533
Gross monthly: $9,000Keep 73.6% of your earnings
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Compensation by Seniority Level

How pay scales from entry-level to lead positions in Massachusetts.

Experience TierGross AnnualNet Take-Home (Yr)Net MonthlyEst. Tax Rate
Entry-Level (0-2 yrs)$75,600$58,294$4,858/mo22.9%
Mid-Level (Median)$108,000$79,467$6,622/mo26.4%
Senior / Staff (5+ yrs)$156,600$110,398$9,200/mo29.5%

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Market Demand & Top Cities

In Massachusetts, a Financial Analyst commands a competitive compensation package averaging $108,000.0 per year. Due to Massachusetts's expanding economic hubs (Boston, Cambridge, Worcester, Waltham), companies actively recruit specialized talent with modern engineering stacks.

Primary Hiring Hubs in Massachusetts:
BostonCambridgeWorcesterWaltham
Purchasing Power Analysis

With an overall cost of living index of 127.5, expenses in Massachusetts are significantly higher than the US national average. With a state tax rate around 5.0%, professionals retain a balanced proportion of their gross earnings.

Cost of Living Index:127.5 (US Base = 100)

How to Maximize Your Financial Analyst Compensation

1Mastering specialized tech such as Financial Modeling and Excel VBA
2Acquiring industry certifications like CFA Charterholder
3Transitioning into lead architecture or cross-functional team mentorship
Valuable Certifications:CFA CharterholderFMVA Certification

Frequently Asked Questions

Is $108,000.0 a good salary for a Financial Analyst in Massachusetts?

Yes. An annual salary of $108,000.0 provides a strong standard of living in Massachusetts, allowing comfortable discretionary spending and retirement savings.

How much tax will I pay as a Financial Analyst in Massachusetts?

On a gross income of $108,000.0, your estimated total taxes comprise Federal income tax, FICA contributions (Social Security & Medicare), and Massachusetts state income tax (5.0%).

What is the take-home monthly pay for a Financial Analyst in Massachusetts?

After federal and state withholdings, the estimated take-home pay is approximately $6,480 - $7,020 per month depending on individual deductions.

What cities in Massachusetts pay the highest for Financial Analyst roles?

Top paying metropolitan regions in Massachusetts include Boston, Cambridge, Worcester, Waltham, which host a heavy concentration of enterprise and venture-backed employers.

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