How much does a Financial Analyst make in Ohio?

BLS puts the average Financial Analyst pay in Ohio at $100,560 a year (BLS, May 2025). On that pay in Ohio, after federal taxes, FICA, and Ohio state taxes, your estimated take-home pay is approximately $77,244 annually ($6,437/month).

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

On a $100,560 salary in Ohio, your take-home pay is approximately $77,244/year or $6,437/month. Federal tax: $13,293. State tax: $2,330. FICA: $7,693.

Is $100,560 a good Financial Analyst salary?

$100,560 is the BLS average Financial Analyst pay in Ohio, 14% below the US average of $116,800 (BLS, May 2025). The middle 50% in Ohio earn between $72,370 and $114,010.

How do Ohio taxes affect Financial Analyst salaries?

Ohio levies state income tax on top of federal taxes. Your estimated state tax on $100,560 is $2,330. Your total effective tax rate is approximately 23.2%.

What are the career growth prospects for Financial Analysts?

In Ohio, the top 10% earn over $142,420 and the bottom 10% under $57,870 (BLS, May 2025). 8% growth through 2032 (faster than average). Related roles include: Investment Analyst, Equity Analyst, Budget Analyst, Portfolio Manager.

How can a Financial Analyst in Ohio reduce their tax bill?

Maximize your 401(k) contribution ($24,500 in 2026) to reduce taxable income. An HSA ($4,400 single / $8,750 family) adds further pre-tax savings. These strategies can save thousands annually — use our calculator to see your exact savings.

Finance

Financial Analyst Salary in Ohio (2026)

Average Financial Analyst pay in Ohio

$100,560/year

≈ $48/hour before tax

Middle 50% earn $72,370–$114,010

US average: $116,800

Source: BLS, May 2025

After tax (single filer)

$77,244/year

$6,437/month · effective tax rate 23.19%

Federal $13,293
State $2,330
FICA $7,693
Take-home

Pay by role in Ohio

Senior / Buy-Side AnalystBLS · 75th–90th percentile$114,010–$142,420
Financial Analyst (any industry)BLS · middle 50%$72,370–$114,010
Risk AnalystBLS · middle 50%$77,240–$130,870
Junior Financial AnalystBLS · 10th–25th percentile$57,870–$72,370

See the full tax breakdown

Category	Amount
Annual Take-Home Pay	$77,244
Monthly Take-Home Pay	$6,437
Biweekly Take-Home Pay	$2,971
Hourly Take-Home Pay based on 2,080 hrs/year	$37/hr
Federal Tax	$13,293
State Tax	$2,330
FICA Taxes	$7,693
Effective Tax Rate total taxes ÷ gross salary	23.19%

Estimates only — not tax advice. · Full disclaimer →

Ohio finance is genuinely tri-modal: Columbus's JPMorgan Polaris Campus is the bank's largest single facility globally outside NYC at ~13,000 employees, Cleveland holds KeyBank's HQ + Progressive Insurance + Sherwin-Williams corporate finance, and Cincinnati anchors P&G + Fifth Third + Western & Southern + Cardinal Health Dublin. None of the three is NYC, but together they form one of the largest non-coastal finance markets in the US — pay landing 70-80% of NYC absolute comp, then handing back roughly half of that gap once the tax math runs through. Ohio's 2025-26 transition to a 2.75% flat rate plus genuinely cheap housing makes the long-career math work.

Not all Financial Analysts earn the same — not even close

OH's analyst market clusters around three corporate-finance ecosystems — Columbus banking + insurance, Cleveland financial-services HQ depth, and Cincinnati consumer-goods + Fifth Third banking. The JPMorgan Polaris Campus alone places hundreds of new finance and tech-finance analysts annually. Comp lands ~70-80% of NYC / Bay Area absolute but the OH 2.75% top + 1-2.5% municipal stack net to a meaningful working-years take-home advantage, and OH's retirement-income partial exemption + cheap housing flip the late-career math in OH's favor.

Senior / Buy-Side Analyst

$114,010–$142,420

P&G Cincinnati, Cardinal Health Dublin, Sherwin-Williams Cleveland, Nationwide Columbus · benefits-rich

Source: BLS May 2025 · Financial and Investment Analysts · Ohio · 75th–90th percentile

Financial Analyst (any industry)

$72,370–$114,010

Progressive Mayfield Village, Nationwide Columbus, Western & Southern Cincinnati · stable comp

Source: BLS May 2025 · Financial and Investment Analysts · Ohio · middle 50%

Risk Analyst

$77,240–$130,870

JPMorgan Polaris, Huntington, Nationwide, Fifth Third · stable comp + OH benefits

Source: BLS May 2025 · Financial Risk Specialists · Ohio · middle 50%

Junior Financial Analyst

$57,870–$72,370

OSU, Miami University, Case Western, Notre Dame, Xavier pipelines feed all three metros

Source: BLS May 2025 · Financial and Investment Analysts · Ohio · 10th–25th percentile

Worth knowing: JPMorgan's Polaris Campus in Columbus is the genuinely undersold Ohio finance feature. ~13,000 employees on a single campus makes it JPMorgan's largest facility globally outside NYC — Columbus is functionally JPMorgan's secondary corporate hub for technology + operations + finance. The Polaris Campus pays Columbus-adjusted comp (10-20% below NYC equivalents) but at a Columbus cost-of-living that makes the take-home math meaningfully favorable. Combined with Huntington Bancshares HQ Columbus, Nationwide Insurance HQ, Cardinal Health Dublin, and L Brands corporate finance, Columbus has quietly become a top-15 US finance metro by analyst headcount.

Ohio finance — JPMorgan Polaris, the OH 2.75% flat rate, and three-metro cluster math

~13,000

JPMorgan Polaris Campus Columbus headcount · largest JPM facility globally outside NYC

2.75%

OH flat state income tax rate (HB 96, already in effect)

2.5%

Cleveland + Columbus municipal income tax · 1.8% Cincinnati

Columbus, Cleveland, and Cincinnati function as separate ecosystems with limited cross-pollination. Columbus is dominated by JPMorgan Polaris (~13,000 employees, the bank's largest facility globally outside NYC), Huntington Bancshares HQ, Nationwide Insurance HQ, Cardinal Health Dublin, plus L Brands and OhioHealth corporate finance. Cleveland holds KeyBank's HQ, Progressive Insurance Mayfield Village, Sherwin-Williams HQ, Cleveland-Cliffs steel, and Cleveland Clinic's massive corporate-finance organization. Cincinnati anchors P&G global HQ, Fifth Third Bancorp, Western & Southern Financial, Cintas, Kroger, and Macy's. Senior analysts typically build careers within one metro rather than crossing — Columbus's recent decade of growth has pulled some Cleveland and Cincinnati senior talent but the lateral churn remains modest.

OH's 2025-2026 transition to a 2.75% flat rate is the structural state-tax change. Ohio collapsed from a 6-bracket progressive structure (2024 top rate 3.5% above ~$115K) to a flat 2.75% by 2026 under HB 96. A senior analyst at $200K pays roughly $5,065 in OH state tax versus PA's $6,140 or IL's $9,755 — competitively low. The catch is municipal local tax: Cleveland 2.5%, Columbus 2.5%, Cincinnati 1.8% (varies by suburb), Dublin 2%, Westerville 2%, Beachwood 2%. For Cleveland or Columbus city residents, the combined OH + city stack runs ~6%, similar to non-Center-City Philadelphia or Allegheny County PA.

OH partially exempts retirement income via the Senior Citizen Credit (up to $200/year) plus an Ohio Retirement Income Credit on the first $8,000 of qualifying retirement income. Less generous than IL or PA's full exemptions, but combined with the new 2.75% flat structure and OH's relatively low cost of living, the late-career math is still meaningfully favorable versus CA / NY. Senior PNC / Vanguard / Cardinal Health analysts retiring in OH with $3M-$5M qualified accounts pay roughly $7K-$9K/year in OH state tax on $300K withdrawals — versus $28K+ for CA / NY equivalents.

Cost of living is OH's persistent advantage. A senior analyst at $200K total comp lives meaningfully better in Upper Arlington / Bexley (Columbus), Shaker Heights / Lakewood / Beachwood (Cleveland), or Indian Hill / Mariemont (Cincinnati) than equivalent comp delivers in NYC, Boston, or SF — measurably more square footage, top-rated public schools, sub-30-minute commutes. The 30-year career savings differential frequently runs $400K-$800K versus NYC peers at similar comp.

Ohio for financial analysts — three metros, three tradeoffs

OH finance practice is shaped by three coherent and mostly-independent metro markets. Columbus has grown most aggressively over the past decade — JPMorgan Polaris's expansion, Nationwide's continued investment, and Intel's $20B+ Licking County semiconductor fab announcement (driving secondary corporate-finance growth) have turned Columbus into a credible top-15 US finance metro. Cleveland is the older finance market with KeyBank's HQ, Cleveland Clinic's corporate-finance organization, and the Forest City / Mid-Atlantic real-estate-finance heritage — but the metro has not grown materially. Cincinnati anchors consumer-products + regional banking, with P&G's global brand-finance + Fifth Third's commercial-banking depth.

Cost of living gives OH finance its structural advantage. A senior JPMorgan Polaris VP earning $250,000 lives in a $700K-$1M family home in Upper Arlington or Dublin with top-rated schools and a 15-minute commute — comp that delivers meaningfully thinner lifestyle in NYC, Boston, or SF. The 30-year career savings is genuinely material. Cleveland and Cincinnati run 10-15% below Columbus on comp but proportionally cheaper on housing.

Winter is real but moderates by metro. Cleveland gets serious lake-effect snow (December-March). Columbus winters are notably milder. Cincinnati is the warmest of the three. Most senior OH finance professionals adjust over time and rate winter as a meaningful lifestyle factor but not a career-changer.

The cultural caveat applies, similar to PA and IL: Columbus, Cleveland, and Cincinnati are good cities, but they are not New York or Bay Area. Restaurant scenes, cross-industry professional networks, and senior-talent density across firms are measurably thinner. Senior analysts who built careers at JPMorgan Polaris or P&G or KeyBank and value family-stage stability over market-density-as-lifestyle stay. Those who need NYC's professional density typically lateral out by year 7-10.

How Ohio taxes work for financial analysts (and the municipal-tax stack that surprises new arrivals)

OH's flat 2.75% rate (HB 96, already in effect) is meaningfully below CA's 13.3%, NJ's 10.75%, NY combined ~14.8%, and modestly below IL's 4.95%. A senior analyst at $200,000 pays roughly $5,065 in OH state tax — below PA's $6,140, and far below CA's $14,508. At $400,000 the gap widens. Combined with OH's relatively low cost of living, the working-years take-home math is meaningfully favorable.

Ohio municipal income tax is the residency variable that surprises new arrivals. Cleveland 2.5%, Columbus 2.5%, Cincinnati 1.8% (varies by neighborhood). Most major suburbs charge 1.5-2.5%: Beachwood 2%, Shaker Heights 2.5%, Dublin 2%, Westerville 2%, Mariemont 1.5%. Many senior analysts working downtown Columbus or Cleveland live in 0%-tax townships nearby (Powell, Lewis Center, Hudson, Bay Village have 0% local) — saving 2-2.5% × $200K = $4K-$5K/year. The RITA / CCA collection structure also creates filing complexity for analysts who change residence mid-year.

OH's retirement-income tax structure is less generous than IL or PA full-exemption — partial exemption via Senior Citizen Credit + Ohio Retirement Income Credit. Combined with the new 2.75% flat structure and OH's low cost of living, the late-career math still favors OH versus CA / NY. Senior P&G / KeyBank / Nationwide analysts retiring in OH with $3M-$5M qualified accounts pay $7K-$9K/year in OH state tax on $300K withdrawals — meaningfully below CA / NY equivalents but not the $0 of IL / PA.

→MAX ($24,500 in 2026) — pre-tax for federal AND OH. At senior analyst $200K comp's 24% federal + 2.75% OH = ~27% marginal (city tax is levied on Medicare wages, so the deferral does not reduce it), every $1,000 deferred saves ~$268.
→MEGA BACKDOOR ROTH at JPMorgan / P&G / Cardinal Health / KeyBank: after-tax up to ~$72K total. At $200K-$400K total comp this could mean $25K-$40K/year converting to tax-free Roth.
→BACKDOOR ROTH IRA ($7,500) — needed once passes $153K single (most analyst comp sits below that, so contribute directly until it doesn't); direct Roth phases out $153K-$168K MAGI single.
→0% MUNICIPAL TOWNSHIP residency: working downtown Columbus or Cleveland but living in a 0%-local township (Powell, Lewis Center, Hudson, Bay Village, Avon Lake) saves 2-2.5% × earned income = $4K-$8K/year for senior analysts. Most major employers reciprocate municipal credit so the savings are clean.
→OH 529 (CollegeAdvantage, run by OH Tuition Trust): $4,000/year per beneficiary deductible from OH state income — at OH 2.75% rate that's $140/year of state-tax savings.
→ / Section 1202 federal exclusion (OH conforms): senior analysts taking startup equity at JPMorgan Ventures portfolios, Drive Capital portfolio companies (Columbus VC), or independent fintech can structure for up to $10M federal tax-free gain on qualifying C-Corp stock held 5+ years.
→Late-career: OH retirement-income partial exemption is less generous than IL / PA but combined with low cost of living, OH retire-in-place still beats CA / NY by $200K-$500K of cumulative state tax over 25-year retirement horizon.

Three Ohio financial analyst markets — Columbus, Cleveland, Cincinnati

OH finance geography is genuinely tri-modal — Columbus banking + insurance + JPMorgan Polaris depth, Cleveland financial-services HQ + Cleveland Clinic + Progressive, and Cincinnati consumer-goods + Fifth Third + P&G corporate finance.

Columbus (JPMorgan Polaris / Huntington / Nationwide / Cardinal Health)

Total comp: New grad $70K-$95K · Senior FP&A $130K-$200K · Senior JPM Polaris VP $250K-$420K

JPMorgan Chase Polaris Campus Columbus (~13,000 employees, JPM's largest facility globally outside NYC), Huntington Bancshares HQ Columbus (~$200B in assets), Nationwide Insurance HQ Columbus (~$60B revenue, ~$220B AUM), Cardinal Health Dublin ($210B+ revenue Fortune 14), L Brands corporate finance, Express Inc, OhioHealth Columbus, Drive Capital (Columbus VC), Plus Intel's Licking County $20B+ semiconductor fab driving secondary corporate-finance growth.

Columbus has been the fastest-growing OH finance metro of the past decade. Senior JPM Polaris VPs / directors live in Upper Arlington, Dublin, Bexley, Westerville, or New Albany — top-rated public schools, 15-25 minute commutes, $700K-$1.5M family-home market.

Cleveland (KeyBank / Progressive / Sherwin-Williams / Cleveland Clinic)

Total comp: New grad $70K-$95K · Senior FP&A $130K-$190K · Senior KeyBank VP / Cleveland Clinic Director $230K-$380K

KeyBank HQ Downtown Cleveland (~$190B in assets), Progressive Insurance Mayfield Village (~$60B revenue), Sherwin-Williams HQ Cleveland (specialty chemicals corporate finance), Cleveland-Cliffs Cleveland (US's largest flat-rolled steel producer), Cleveland Clinic ($14B+ revenue integrated health system corporate finance), TransDigm Group, Eaton Cleveland, Riverside Company (PE), CapitalWorks (PE).

Senior Cleveland analysts cluster in Shaker Heights, Beachwood, Lakewood, Hudson, Bay Village — Shaker Heights has historically been the senior-banker suburb (the old KeyBank / National City / Cleveland Trust families lived here for generations). Hudson and Bay Village offer 0% municipal tax versus Cleveland's 2.5%.

Cincinnati (P&G / Fifth Third / Western & Southern / Cintas)

Total comp: New grad $70K-$95K · Senior FP&A $135K-$200K · Senior P&G global brand director $250K-$450K

Procter & Gamble global HQ Cincinnati ($85B+ revenue, ~13,000 Cincinnati employees), Fifth Third Bancorp HQ Cincinnati (~$215B in assets), Western & Southern Financial Group HQ ($90B+ AUM annuity + life insurance), Cintas HQ Cincinnati ($9B+ revenue), Kroger HQ Cincinnati (~$150B revenue Fortune 25), Macy's HQ Cincinnati, Bartlett Wealth Management, Procter & Gamble Capital. Plus University of Cincinnati and Xavier University recruiting pipelines.

Senior Cincinnati analysts cluster in Indian Hill, Mariemont, Hyde Park, Mt. Lookout, Wyoming — Indian Hill is the historical wealthiest senior-P&G-VP suburb. Mariemont and Wyoming offer top-rated schools at lower cost. Cincinnati's 1.8% city tax is the lowest of the three OH metros.

The Ohio financial analyst career arc — three-metro depth and the OH retirement math

OH finance careers begin through metro-specific paths: Columbus's JPMorgan Polaris analyst program (the largest single-employer entry-point in OH at $75K-$110K total comp), Cleveland's KeyBanc Capital Markets / KeyBank rotational program, or Cincinnati's P&G Finance Manager development program (one of the most respected consumer-goods finance pipelines globally). OSU Fisher, Miami Farmer, Case Western Weatherhead, Notre Dame, and Xavier pipelines feed all three.

Years 2-5 are the post-program build phase. JPM Polaris senior associates earn $130K-$200K. P&G senior brand finance manager $140K-$210K. KeyBank investment associate $130K-$190K. Nationwide / Progressive senior FP&A $125K-$180K. Cardinal Health Dublin senior corporate finance $130K-$200K. Many senior OH finance professionals begin building suburban down-payment savings during this band — Upper Arlington / Shaker Heights / Indian Hill starter SFRs at $500K-$900K with the OH 2.75% + ~2% local stack make the math substantially better than NYC peers.

Years 5-15 are the peak earning band. Senior JPM Polaris VPs / EDs $300K-$500K. Senior P&G global brand directors $300K-$500K with significant equity. Senior KeyBank / Huntington / Fifth Third corporate-finance VPs $250K-$400K. Cleveland Clinic / Cardinal Health corporate-finance directors $250K-$400K. Riverside / CapitalWorks senior PE associates $300K-$600K with carry. The compounded OH-vs-NY take-home gap during peak earning years (~$25K-$60K/year) builds genuine wealth across a 20-year span.

Late career (years 15+) finds most senior OH finance professionals retiring in place. The combination of OH's modest 2.75% rate, partial retirement-income exemption, low cost of living, and established suburban roots locks most in OH rather than relocating. Withdrawing $300K/year from $4M qualified accounts means roughly $7K-$8K/year OH state tax versus $28K+ CA / NY — over a 25-year retirement, $400K-$700K cumulative savings without relocation. OH is solidly competitive with PA / IL on retire-in-place math.

Where Ohio financial analysts actually live

Senior OH finance analysts cluster by metro: Columbus (Upper Arlington, Bexley, Dublin, New Albany, Westerville for JPMorgan / Nationwide / Cardinal Health proximity), Cleveland (Shaker Heights, Beachwood, Lakewood, Hudson, Bay Village for KeyBank / Progressive / Cleveland Clinic), Cincinnati (Indian Hill, Mariemont, Hyde Park, Wyoming for P&G / Fifth Third / Western & Southern).

Upper Arlington / Bexley (Columbus)

Top schools · 2% local · 15-min JPMorgan Polaris / Huntington · $700K-$1.5M

Dublin / New Albany / Powell (Columbus)

Top schools · 0-2% local · close to Polaris / Cardinal Health · $600K-$2M+

Shaker Heights / Beachwood (Cleveland)

Top schools · 2-2.5% local · 20-min Downtown / Cleveland Clinic · $500K-$1.5M historic

Hudson / Bay Village (Cleveland)

0% local township · top schools · 30-min Downtown · $500K-$1.2M

Indian Hill / Mariemont (Cincinnati)

Premium · top schools · 1.5-1.8% local · 20-min P&G HQ · $700K-$3M

Hyde Park / Wyoming (Cincinnati)

Walkable · top schools · 1.8% local · 15-min P&G · $500K-$1.2M

0%-municipal-tax suburbs (Powell, Lewis Center, Hudson, Bay Village, Avon Lake near Cleveland; Granville, Powell near Columbus) save 2-2.5% × earned income = $4K-$8K/year for senior analysts. Most major employers reciprocate municipal-tax credit so working-downtown / living-suburban math works cleanly.

Is this the right move?

Ohio for financial analysts — three-metro depth and OH retirement math

Working in your favor

+JPMorgan Polaris Campus is the largest non-NYC JPM facility globally — genuine analyst career path at Columbus comp / cost of living
+OH flat 2.75% rate (HB 96, already in effect) is meaningfully below CA / NY / NJ peers across full earnings band
+P&G Cincinnati global HQ and Fifth Third / KeyBank / Huntington trio create three independent finance ecosystems within one state
+Suburb residency in 0%-municipal townships (Powell, Hudson, Bay Village) saves $4K-$8K/year vs city residence
+Cost of living advantage: senior analysts at $200K-$300K live materially better in Upper Arlington / Shaker Heights / Indian Hill than NYC / Boston / SF peers at similar comp

Worth knowing before you sign

−Absolute compensation lands ~70-80% of NYC bulge-bracket — the structural cost of the lifestyle / cost-of-living tradeoff
−OH retirement-income exemption is partial only — less generous than IL / PA full exemption
−Three metros function mostly independently — limited cross-metro lateral mobility within OH
−Cleveland winter (lake-effect December-March) is genuinely difficult; Columbus / Cincinnati milder but still real
−Outside the JPMorgan / P&G / KeyBank / Cleveland Clinic ecosystem, mid-tier finance optionality is thinner than NYC / Chicago / Boston

Sources & Methodology

Salary figures are market estimates for Financial Analysts in Ohio and vary by employer, specialty, seniority, and metro. Take-home math assumes a single filer with no dependents, the standard deduction, and Ohio 2026 state rates. Local taxes, insurance premiums, and pre-tax contributions will move your number — run the calculator for your own situation.

Run your own numbers

Ohio paycheck calculator → · 401(k), HSA, dependents
Bonus calculator → · year-end, sign-on, retention
RSU calculator → · flat 22% withholding often falls short
Capital-gains calculator → · long-term rates, NIIT, state tax

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