As of May 18, 2021, the average salary for a Rate Analyst in the United States is $82,711 per year, which breaks down to an hourly rate of $40.
However, a Rate Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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A Rate Analyst's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Rate Analyst's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Rate Analyst | $80,605 |
| Intermediate Level Rate Analyst | $80,796 |
| Senior Level Rate Analyst | $81,564 |
| Specialist Level Rate Analyst | $84,801 |
| Expert Level Rate Analyst | $86,365 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Rate Analysts. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 14.06% |
| Pricing | 3.18% |
| Actuarial Science | 2.39% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Leadership
|
$86,019 |
4%
|
|
Pricing
|
$86,019 |
4%
|
|
Presentation
|
$86,019 |
4%
|
|
Problem Solving
|
$86,019 |
4%
|
|
Planning
|
$85,192 |
3%
|
|
Analysis
|
$85,192 |
3%
|
Your level of education can impact your salary potential. While many Rate Analysts enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Rate Analyst with a Associate's Degree is between $93,756 and $99,450).
Rate Analyst Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 1.3% |
| High School | 2.6% |
| Associates | 55.1% |
| Bachelors | 55.1% |
| Masters | 39.7% |
| Doctorate | 1.3% |
Understanding how a Rate Analyst's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021Promotions are the fastest way to increase your earnings. As a Rate Analyst, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Cost Analyst III | $94,783 | 15% |
| Telecommunication Rates Manager | $116,278 | 41% |
Salaries for a Rate Analyst can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $75,617 in 2023 to around $74,925 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Rate Analyst salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $75,617 |
| 2024 | $75,321 |
| 2025 | $74,925 |
| 2026 |
View More
|
| 2027 |
View More
|
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Compensation PlanningHere are companies hiring for Rate Analyst and their salaries, click below for more details.
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A Rate Analyst's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Rate Analyst earns the most in San Jose, CA, where the annual salary of a Rate Analyst is $104,323.
The highest pay for Rate Analyst is $96,296.
The lowest pay for Rate Analyst is $70,801.
Monitors, reviews, and evaluates service rates and charges for various public utilities. Calculates cost-of-service and performs related rate analysis. Ensures filings comply with the Federal Energy Regulatory Commission requirements. Typically requires a bachelor's degree of business administration or related field. Typically reports to a manager or head of a unit/department. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
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