Financial Analyst Salary: Boston vs Chicago
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇺🇸 Boston
United States
$124K USD
$124K USD
$124K PPP
Higher Purchasing Power
VS
USD Difference
+11%
Boston vs Chicago
🇺🇸 Chicago
United States
$112K USD
$112K USD
$112K PPP
Detailed Comparison
| Metric | Boston | Chicago | Difference |
|---|---|---|---|
| Local Currency Salary | $124K USD | $112K USD | — |
| USD Equivalent | $124K | $112K | +11% |
| PPP-Adjusted SalaryWINNER | $124K 🏆 | $112K | +11% |
| 25th Percentile | $99K USD | $90K USD | — |
| Median | $124K USD | $112K USD | — |
| 75th Percentile | $155K USD | $140K USD | — |
| Annual Mean | $134K USD | $121K USD | — |
What Does This Mean?
Boston offers a Financial Analyst salary of $124K USD, while Chicago offers $112K USD — a difference of +11% in raw terms.
After adjusting for purchasing power parity (PPP), Boston's salary is worth $124K in US purchasing power terms, versus $112K for Chicago. This means Boston offers better real purchasing power for this role.
PPP adjustment accounts for differences in local prices — for example, housing costs 3x more in San Francisco than in Warsaw, so a San Francisco salary needs to be much higher to provide an equivalent standard of living.