Rate Analyst salary in Canada

Average Yearly Salary of Rate Analyst in Canada is approximately 59,763 CAD (59,945 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Rate Analyst do?

A rate analyst is responsible for analyzing and evaluating rates in various industries, such as finance, insurance, or telecommunications. They gather data on pricing structures, market trends, and competition to determine the most appropriate rates for products or services. Rate analysts conduct extensive research, using mathematical models and statistical analysis, to assess the profitability and competitiveness of different pricing strategies. They also monitor market conditions and economic factors that may impact pricing decisions. Additionally, rate analysts collaborate with other departments, such as sales or marketing, to develop pricing strategies that align with business goals and objectives. Strong analytical skills, attention to detail, and proficiency in data analysis tools are essential for success in this role.

Skills: Rate Analyst, Pricing Analyst, Market Research, Financial Analysis, Statistical Modeling, Competitive Analysis.
Job industry: Finance

How much does Rate Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Rate Analyst a well paid job?

Yes, our data show that Rate Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Rate Analyst?

High salary for Rate Analyst would be somewhere between 65,739 CAD and 86,656 CAD. However this is an estimation based on Gaussian Distribution.

How much can you save working as Rate Analyst in Canada?

Living in Canada the approximate monthly expenses are: 2,118 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 59,763 CAD
Estimated Monthly Salary: 4,980 CAD
Estimated Weekly Salary: 1,149 CAD per week
Estimated Hourly Salary: 29 CAD per hour
By working as Rate Analyst a person can save up to 2,877 USD per month or 34,524 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Canada, see costs of living in Canada.

Salary comparison to region and neighbouring coutries

Country's neighbours are: United States of America.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Rate Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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