Best states for an equity research analyst

Q: What is the best state for equity research analysts?

The best state to be an equity research analyst is New Jersey based on equity research analyst salaries and job opportunities.

Q: What is the highest paying state for equity research analysts?

The highest paying state for equity research analysts is Kansas based on Zippia’s salary database.

Q: What is the worst state for equity research analysts?

The worst state for equity research analysts is Alaska, due to a combination of low salaries and few job opportunities.

Quoted expert

Dr. Reid Cummings

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Do you want to become an equity research analyst at Sidoti & Company, and you wonder what that means or entails? We have the full list of best states for equity research analysts that you can check out, before you begin your journey. In order to help you decide which state is the best for equity research analysts, we ranked all 50 states and the District of Columbia from best to worst for equity research analyst jobs.

To that end, we dove into our dataset of job and salary numbers to figure out which states have the best opportunities for equity research analysts. New Jersey is the best state for equity research analysts, where the median salary is $124,782.We found that New Jersey is the best state for equity research analyst jobs, whereas Alaska is the worst.

10 best states for equity research analysts in 2025

1. New Jersey
Total equity research analyst jobs: 1,347
Average annual salary: $124,782
Lowest 10 percent earn: $83,000
Highest 10 percent earn: $185,000
Location Quotient:
1.2
Equity research analyst jobs in New Jersey
2. California
Total equity research analyst jobs: 5,959
Average annual salary: $122,461
Lowest 10 percent earn: $78,000
Highest 10 percent earn: $190,000
Location Quotient:
1.44
Equity research analyst jobs in California
3. New York
Total equity research analyst jobs: 1,967
Average annual salary: $117,346
Lowest 10 percent earn: $78,000
Highest 10 percent earn: $175,000
Location Quotient:
1.08
Equity research analyst jobs in New York
4. Pennsylvania
Total equity research analyst jobs: 1,894
Average annual salary: $106,227
Lowest 10 percent earn: $70,000
Highest 10 percent earn: $159,000
Location Quotient:
1.15
Equity research analyst jobs in Pennsylvania
5. Michigan
Total equity research analyst jobs: 1,113
Average annual salary: $111,500
Lowest 10 percent earn: $73,000
Highest 10 percent earn: $169,000
Location Quotient:
1.01
Equity research analyst jobs in Michigan
6. Virginia
Total equity research analyst jobs: 1,861
Average annual salary: $109,832
Lowest 10 percent earn: $73,000
Highest 10 percent earn: $164,000
Location Quotient:
1.4
Equity research analyst jobs in Virginia
7. Connecticut
Total equity research analyst jobs: 471
Average annual salary: $116,959
Lowest 10 percent earn: $78,000
Highest 10 percent earn: $174,000
Location Quotient:
1
Equity research analyst jobs in Connecticut
8. Nevada
Total equity research analyst jobs: 203
Average annual salary: $118,724
Lowest 10 percent earn: $75,000
Highest 10 percent earn: $186,000
Location Quotient:
0.69
Equity research analyst jobs in Nevada
9. Arizona
Total equity research analyst jobs: 862
Average annual salary: $104,911
Lowest 10 percent earn: $66,000
Highest 10 percent earn: $166,000
Location Quotient:
1.04
Equity research analyst jobs in Arizona
10. Vermont
Total equity research analyst jobs: 134
Average annual salary: $101,159
Lowest 10 percent earn: $67,000
Highest 10 percent earn: $151,000
Location Quotient:
1.23
Equity research analyst jobs in Vermont

Equity research analyst jobsNear Columbus, OH

How Zippia determines the best states to be an equity research analyst

You can read about how the best state rankings are calculated here.

Detailed list of the best states for an equity research analyst

Rank	State	Average salary	Lowest 10% earn	Population	Job count
1	New Jersey	$124,782	$83,000	9,005,644	1,347
2	California	$122,461	$78,000	39,536,653	5,959
3	New York	$117,346	$78,000	19,849,399	1,967
4	Pennsylvania	$106,227	$70,000	12,805,537	1,894
5	Michigan	$111,500	$73,000	9,962,311	1,113
6	Virginia	$109,832	$73,000	8,470,020	1,861
7	Connecticut	$116,959	$78,000	3,588,184	471
8	Nevada	$118,724	$75,000	2,998,039	203
9	Arizona	$104,911	$66,000	7,016,270	862
10	Vermont	$101,159	$67,000	623,657	134
11	North Carolina	$105,494	$70,000	10,273,419	1,257
12	Massachusetts	$117,930	$79,000	6,859,819	759
13	New Hampshire	$102,438	$68,000	1,342,795	235
14	New Mexico	$103,306	$64,000	2,088,070	254
15	Rhode Island	$98,028	$65,000	1,059,639	205
16	West Virginia	$101,065	$66,000	1,815,857	159
17	District of Columbia	$103,352	$68,000	693,972	415
18	Illinois	$96,577	$62,000	12,802,023	1,935
19	Washington	$111,883	$69,000	7,405,743	452
20	Ohio	$94,459	$62,000	11,658,609	1,364
21	Oregon	$93,041	$57,000	4,142,776	761
22	Minnesota	$94,388	$61,000	5,576,606	997
23	Delaware	$94,900	$63,000	961,939	203
24	Missouri	$94,078	$60,000	6,113,532	796
25	Wisconsin	$95,108	$62,000	5,795,483	637
26	Maine	$93,999	$62,000	1,335,907	167
27	Georgia	$93,207	$61,000	10,429,379	1,257
28	Texas	$88,327	$55,000	28,304,596	3,106
29	Maryland	$98,947	$66,000	6,052,177	743
30	Colorado	$84,655	$51,000	5,607,154	1,013
31	South Carolina	$91,725	$61,000	5,024,369	317
32	Utah	$82,987	$50,000	3,101,833	478
33	Indiana	$86,052	$56,000	6,666,818	758
34	Wyoming	$83,352	$50,000	579,315	83
35	Tennessee	$82,977	$54,000	6,715,984	782
36	Idaho	$84,666	$51,000	1,716,943	197
37	Kentucky	$85,880	$56,000	4,454,189	290
38	North Dakota	$83,519	$54,000	755,393	111
39	Iowa	$85,420	$54,000	3,145,711	311
40	Alabama	$85,356	$55,000	4,874,747	361
41	Nebraska	$80,764	$50,000	1,920,076	332
42	Florida	$84,035	$54,000	20,984,400	2,127
43	Louisiana	$87,471	$55,000	4,684,333	261
44	South Dakota	$79,873	$50,000	869,666	143
45	Hawaii	$74,844	$49,000	1,427,538	137
46	Montana	$81,136	$50,000	1,050,493	137
47	Mississippi	$81,915	$52,000	2,984,100	177
48	Oklahoma	$76,347	$47,000	3,930,864	300
49	Arkansas	$75,917	$48,000	3,004,279	218
50	Kansas	$74,707	$47,000	2,913,123	304
51	Alaska	$80,295	$49,000	739,795	50

Highest paying states for equity research analysts

Rank	State	Avg. Equity Research Analyst Salary
1	New Jersey	$124,782
2	California	$122,461
3	New York	$117,346
4	Pennsylvania	$106,227
5	Michigan	$111,500
6	Virginia	$109,832
7	Connecticut	$116,959
8	Nevada	$118,724
9	Arizona	$104,911
10	Vermont	$101,159
11	North Carolina	$105,494
12	Massachusetts	$117,930
13	New Hampshire	$102,438
14	New Mexico	$103,306
15	Rhode Island	$98,028
16	West Virginia	$101,065
17	District of Columbia	$103,352
18	Illinois	$96,577
19	Washington	$111,883
20	Ohio	$94,459
21	Oregon	$93,041
22	Minnesota	$94,388
23	Delaware	$94,900
24	Missouri	$94,078
25	Wisconsin	$95,108
26	Maine	$93,999
27	Georgia	$93,207
28	Texas	$88,327
29	Maryland	$98,947
30	Colorado	$84,655
31	South Carolina	$91,725
32	Utah	$82,987
33	Indiana	$86,052
34	Wyoming	$83,352
35	Tennessee	$82,977
36	Idaho	$84,666
37	Kentucky	$85,880
38	North Dakota	$83,519
39	Iowa	$85,420
40	Alabama	$85,356
41	Nebraska	$80,764
42	Florida	$84,035
43	Louisiana	$87,471
44	South Dakota	$79,873
45	Hawaii	$74,844
46	Montana	$81,136
47	Mississippi	$81,915
48	Oklahoma	$76,347
49	Arkansas	$75,917
50	Kansas	$74,707
51	Alaska	$80,295

Expert opinions on the best states for equity research analysts

Are there any particularly good places in the United States for equity research analysts to find work opportunities?
Dr. Reid Cummings
Associate Professor of Finance & Real Estate, University of South Alabama
The South and Southwest will continue to attract companies looking to follow workers out of states with high state and local taxes and increasingly restrictive regulatory environments.

Equity research analyst best states FAQs

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What is the worst state for equity research analysts?

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Best states for Equity Research Analysts

Updated January 8, 2025

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Total equity research analyst jobs:	1,347
Average annual salary:	$124,782
Lowest 10 percent earn:	$83,000
Highest 10 percent earn:	$185,000
Location Quotient:	1.2

Best states for an equity research analyst

10 best states for equity research analysts in 2025

1. New Jersey

2. California

3. New York

4. Pennsylvania

5. Michigan

6. Virginia

7. Connecticut

8. Nevada

9. Arizona

10. Vermont