Austins average salary in the financial sector is $65,300, a new analysis shows.
That ranks the Capital City No. 39 among the 115 metropolitan areas that contain at least 10,000 private-sector businesses in all industries, according to a Business Journals’ On Numbers analysis of US Census Bureau data.
Austins 2,950 finance-sector businesses employ 33,102 people who make a combined $2.2 billion. Austin ranks No. 31 for number of finance-sector businesses.
The latest data is from 2010, and the finance and insurance sector encompasses banks, stockbrokerages, credit agencies, employee benefit funds and insurance agencies.
The top market for finance-sector pay is Bridgeport-Stamford, Conn., where the average salary is $238,400. New York City, San Francisco-Oakland and Boston are the only other markets where the average salary exceeds $100,000. Chicago, Los Angeles and Washington, DC, have average salaries between $90,000 and $100,000.
Overall, the average finance-sector salary among the 115 metros is $88,400. The 329,799 finance-sector businesses in these metros employ 4.69 million people who make $414.53 billion.