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Risk Analyst Salary in Birmingham, AL — 2026

Risk Analyst salary data for Birmingham, AL — adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.

The median Risk Analyst salary in Birmingham, AL is $81,880 per year ($6,823/month, $39/hr). This reflects the local cost of living index of 92, which is 8% below the national average.

Entry Level
$54K
$26/hr
Median
$82K
$39/hr
Senior
$114K
$55/hr
Top Earner
$142K
$68/hr

Risk Analyst Take-Home Pay in Birmingham

Tax Breakdown (Median Salary)

Gross Annual$81,880
Federal Tax-$9,628
State Tax (4.0%)-$3,275
Local Tax (1.0%)-$819
FICA (SS + Medicare)-$6,264
Annual Take-Home$61,895
Monthly Take-Home$5,158

Living Cost Comparison

Median Rent$1,050/mo
Rent-to-Income Ratio15.4%
Median Home Price$175,000
Cost of Living Index92
City Median Salary$52,800
Risk Analyst vs City Median+$29,080

Risk Analyst Requirements

Education
Bachelor's Degree
Experience
2-4 years
Job Growth
17.0% (2024-2034)

Key Skills

Risk ModelingVaR AnalysisPythonSQLRegulatory Compliance

Birmingham Job Market Overview

Birmingham, Alabama has a population of 197,575 and an unemployment rate of 3.8%. The top industries are Healthcare, Finance, Manufacturing. The local job growth rate is 1.5%, and the average commute time is 25 minutes.

Risk Analyst Salary in Nearby Alabama Cities

Frequently Asked Questions

What is the average Risk Analyst salary in Birmingham, AL?
The median Risk Analyst salary in Birmingham, AL is $81,880 per year as of 2026. This is adjusted for the local cost of living index of 92. Entry-level Risk Analysts earn around $54,280, while senior-level professionals can earn $114,080 or more.
How much does a Risk Analyst take home in Birmingham after taxes?
A Risk Analyst earning the median salary of $81,880 in Birmingham, AL takes home approximately $61,895 per year ($5,158/month) after federal, state, and local taxes. The effective tax rate is 24.4%.
Is Birmingham a good city for Risk Analysts?
Birmingham, AL has a cost of living index of 92 (below national average). Risk Analysts here earn above the city median. The local unemployment rate is 3.8% and top industries include Healthcare, Finance, Manufacturing.
What skills are needed for a Risk Analyst in Birmingham?
Key skills for Risk Analysts include Risk Modeling, VaR Analysis, Python, SQL, Regulatory Compliance. Typical education requirement is Bachelor's Degree. Valuable certifications include FRM, PRM, CFA.
How does Risk Analyst salary in Birmingham compare to the national average?
The national median Risk Analyst salary is $89,000. In Birmingham, the adjusted salary is $81,880, which is 8.0% lower than the national average, reflecting the local cost of living.

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Frequently Asked Questions

What is the average Risk Analyst salary in Birmingham, AL?

The median Risk Analyst salary in Birmingham, AL is $81,880 per year as of 2026. This is adjusted for the local cost of living index of 92. Entry-level Risk Analysts earn around $54,280, while senior-level professionals can earn $114,080 or more.

How much does a Risk Analyst take home in Birmingham after taxes?

A Risk Analyst earning the median salary of $81,880 in Birmingham, AL takes home approximately $61,895 per year ($5,158/month) after federal, state, and local taxes. The effective tax rate is 24.4%.

Is Birmingham a good city for Risk Analysts?

Birmingham, AL has a cost of living index of 92 (below national average). Risk Analysts here earn above the city median. The local unemployment rate is 3.8% and top industries include Healthcare, Finance, Manufacturing.

What skills are needed for a Risk Analyst in Birmingham?

Key skills for Risk Analysts include Risk Modeling, VaR Analysis, Python, SQL, Regulatory Compliance. Typical education requirement is Bachelor's Degree. Valuable certifications include FRM, PRM, CFA.

How does Risk Analyst salary in Birmingham compare to the national average?

The national median Risk Analyst salary is $89,000. In Birmingham, the adjusted salary is $81,880, which is 8.0% lower than the national average, reflecting the local cost of living.