As of August 01, 2026, the average salary for a Statistical Analyst in Madison, SD is $69,902 per year, which breaks down to an hourly rate of $34.
However, a Statistical Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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A Statistical 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, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Statistical 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 |
|---|---|
| Statistic... Level Statistical Analyst | $69,316 |
| Statistic... Level Statistical Analyst | $81,164 |
| Statistic... Level Statistical Analyst | $100,286 |
| Statistic... Level Statistical Analyst | $106,326 |
| Statistic... Level Statistical Analyst | $150,301 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 12.79% |
| Quality Control | 2.23% |
| Clinical Research | 1.33% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Resource Management
|
$83,184 |
19%
|
|
Innovation
|
$77,592 |
11%
|
|
Integrity
|
$76,194 |
9%
|
|
Leadership
|
$76,194 |
9%
|
|
Quality Control
|
$76,194 |
9%
|
|
Verbal Communication
|
$75,495 |
8%
|
For Statistical Analyst roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Pharmaceuticals sectors offer the strongest compensation, at 30% above the average. In contrast, Statistical Analyst positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Statistical Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $90,873 | $44.0 | 30% |
| Pharmaceuticals | $87,378 | $42.0 | 25% |
| Insurance | $83,883 | $40.0 | 20% |
| Biotechnology | $80,388 | $39.0 | 15% |
| Energy & Utilities | $76,893 | $37.0 | 10% |
Understanding how a Statistical 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 August 01, 2026Ready to take the next step in your career? Browse thousands of current Statistical Analyst job openings on our job board. Use the search bar below to find your perfect match.
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