August 2023 - Market Overview - Data Analyst jobs in the United States

Welcome to our eight edition of Data Analyst job market overview

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.

So, let's dive right in.

Data Analyst job market overview for August, 2023 for the United States

Total number of jobs posted: 110

What were the top 3 industries hiring data analysts?

1. Tech (23)
2. Financial, Healthcare (18)
3. Other (15)

How many years of experience are companies currently looking for?

1. Entry level data analyst jobs, 0 - 3 years of experience (24 data analyst jobs)
2. Senior data analyst jobs,  3 - 5 years of experience (47)
3. Lead data analyst jobs, 5 - 10 years of experience (39)

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

1. Remote (42)
2. Hybrid (39)
3. Onsite / In-office (29)
   

What is the average data analyst salary?

• For entry level data analyst, the average salary was $88,000  - an slight decrease comparing to $89,300 in July, and well above $84,000 in January.
• Those looking for a senior data analyst position, the average salary offered was $105,000, slightly below $107,000 in July, while still significantly below start of the year ($113,000 in January).
• Lead data analyst, are currently looking at $124,000 - a sigificant decrease comparing to $131,000 in July, and going back 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 24 open positions available.

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

When it comes to salaries, the minimum starting salary we've seen was at $40,000, going as high as $160,000 annually.

The usual average salaries are in the $77,500 - 98,500 range.

Senior 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 47 open positions available, over 42% of opportunities listed on the site.

The minimum starting salary is understandably higher than at an entry level, starting salary was at $45,000, going as high as $184,625 annually.

Tech companies were most active in their hiring efforts, with 11 senior data analyst opportunities.

The usual average salary is in the $91,000 - $120,000 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 39 open positions available, at around 38% of all the jobs posted.

The minimum starting salary was at $63,000 and going as high as $249,700 annually.

The usual average salary is in the $106,000 - $142,000 range, with the Financial sector leading the number of job postings opened, with 10 open opportunities.

Final thoughts

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

We are seeing over 74% of the positions allowing for at least a few days of remote working, with 38% 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 August market summary report - you can expect the next edition in early October.

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. Not only that, you can also see data analyst salary ranges for various states across the United States.