May 2023 - Market Insights - Data Analyst jobs in the United States

Welcome to our fifth edition of Data Analyst Hiring Insights for the United States

A deep dive into the data analyst job market, where we analyse our job openings and trends for the month.

There's a lot of uncertainty in the air, so we're hoping to provide valuable insights and answers to your most pressing questions about state of the data analyst job market.

For that, we will only be using data gathered from job opportunities listed on our site, DataAnalyst.com - we're not using any external benchmarks, nor data points.

Due to the availability of data, our breakdown will only focus on the United States

So, let's dive right in.

Data Analyst Hiring Insights in May, 2023 for the United States

Total number of jobs posted: 140

What were the top 3 industries hiring data analysts?

1. Tech (33)
2. Financial (24)
3. Healthcare (21)

How many years of experience are companies currently looking for?

1. Entry Level, 0 - 3 years of experience (41 data analyst jobs)
2. Mid Level,  3 - 5 years of experience (58)
3. Senior Level, 5 - 10 years of experience (41)

Are data analysts expected to work remotely, onsite or in hybrid ways of working?

1. Remote (59)
2. Hybrid (48)
3. Onsite / In-office (33)
   

What is the average data analyst salary?

• For entry level data analyst, the average salary was $84,276 - a slight decrease comparing to $85,400 in April, while still on par with $84,000 in January
• Those looking for a mid-level data analyst position, the average salary offered was $107,000 - an increase comparing to $103,300 in April, while still below the levels from start of the year ($113,000 in January)
• Leadership level and senior data analyst, are currently looking at $126,700, which is above April's $124,000, and still holding strong comparing to January' $124,000 level, as the average salary.

These numbers are probably too abstract, so how about we look at them in a little bit more detail.‍

Entry level data analyst jobs summary (0 - 3 years of experience)

For those who are looking to start as a data analyst, or with couple of years of experience under their belt we have seen 41 open positions available in the US (this was a healthy 29%% of the total amount of roles posted)

Jobs are being listed across industries, with the financial sector being the most prominent one.

When it comes to salaries, the minimum starting salary we've seen was at $36,000, going as high as $150,000 annually.

The usual average salaries are in the $72,700 - 95,700 range.

Mid-level data analyst salary jobs summary (3 - 5 years of experience)

Typically, more experienced analysts will work as senior data analysts - such roles will see you taking ownership of the data processes within your organisation, and usually these roles require between 3-5 years of experience.

We've seen 58 open positions available, almost 41% of the total.

The minimum starting salary is understandably higher than at an entry level, starting salary was at $50,000 going as high as $232,222 annually.

Tech companies were most active in their hiring efforts, with 15 mid-level data analyst jobs opened.

The usual average salary is in the $83,800 - $130,000 range.

Senior / lead data analyst salary jobs summary (5 - 10 years of experience)

A senior / lead data analyst is usually a team leadership position that commonly requires at least five years of experience, as such there's usually little bit less opportunities on the market, as these roles don't only require individual performance, but also leadership skills.

We've seen 41 open positions available, just around 29% of the total.

The minimum starting salary was at $53,000, going as high as $250,000 annually.

The usual average salary is in the $102,000 - $151,000 range, with the Tech and Healthcare sectors leading the number of job postings opened, at 12 and 10 opportunities respectively.

Final thoughts

The trend of offering employees more flexibility, and integrating work from home policies is continuing.

We are seeing almost 77% of the positions allowing for at least a few days of remote working, with almost 42% fully remote data analyst jobs.

On the salary note, we can see that the ranges provided leave a lot of room for negotiations. Particularly it shows there's a lot of unknowns when it comes to determining the salary that company is looking to offer, and what the fair market rate for the role actually is.

Next Up:

That's a wrap for our May market insights report - you can expect the next edition in early July.

Check out our Data Analyst Salary Guide 

We just updated our Data Analyst Salary Guide - it provides the overview of data analyst salaries in various industries - and now also shows a more detailed view on each industry page, with a deep dive into how much entry level, senior and lead data analysts can earn depending on their experience.