The average salary for a credit analyst in the United States is $94,750, but the range typically falls between $61,600 and $108,430. This corresponds to an average hourly wage of $45.56, with a range between $29.62 and $52.13.
There are approximately 73,200 people employed as a credit analyst in the United States. With New York, Texas, California employing the highest number of credit analysts.The state with the best pay for a credit analyst is New York, with an average annual salary of $142,370, while West Virginia has the lowest average annual salary of $62,180.
| Annual Salary | Hourly Wage | |
|---|---|---|
| 10th Percentile | $50,060 | $24.07 |
| 25th Percentile | $61,600 | $29.62 |
| Median | $79,420 | $38.18 |
| 75th Percentile | $108,430 | $52.13 |
| 90th Percentile | $164,750 | $79.21 |
The salary of a credit analyst can vary depending on the state. Below is a map of the United States showing the average annual salary for a credit analyst in each state. The darker the color, the higher the salary. The best states for credit analysts are New York, Virginia, Washington, Wyoming, North Carolina while the worst states are West Virginia, Mississippi, Louisiana, Utah, Arkansas.
| State | Low-end | Average | High-end |
|---|---|---|---|
| Alabama | $48,150 | $90,100 | $131,380 |
| Alaska | $51,120 | $71,990 | $100,240 |
| Arizona | $49,900 | $75,920 | $120,190 |
| Arkansas | $40,480 | $66,500 | $106,640 |
| California | $50,550 | $99,220 | $171,660 |
| Colorado | $50,980 | $101,090 | $175,390 |
| Connecticut | $58,500 | $89,500 | $131,080 |
| District of Columbia | $63,590 | $89,180 | $127,970 |
| Florida | $47,040 | $86,360 | $134,070 |
| Georgia | $49,210 | $82,920 | $131,010 |
| Hawaii | $52,570 | $84,110 | $133,260 |
| Idaho | $46,180 | $74,830 | $108,410 |
| Illinois | $57,240 | $99,490 | $161,420 |
| Indiana | $45,300 | $72,730 | $106,170 |
| Iowa | $51,190 | $94,750 | $169,190 |
| Kansas | $47,860 | $77,130 | $121,410 |
| Kentucky | $45,300 | $82,210 | $127,570 |
| Louisiana | $41,640 | $67,870 | $99,500 |
| Maine | $55,550 | $81,580 | $107,490 |
| Maryland | $47,330 | $93,370 | $140,220 |
| Massachusetts | $60,080 | $100,820 | $163,960 |
| Michigan | $49,060 | $76,010 | $108,460 |
| Minnesota | $55,000 | $81,100 | $120,370 |
| Mississippi | $39,330 | $66,290 | $104,740 |
| Missouri | $45,820 | $76,870 | $110,240 |
| Montana | $46,180 | $70,220 | $110,130 |
| Nebraska | $49,690 | $79,600 | $104,770 |
| Nevada | $47,910 | $82,740 | $150,220 |
| New Hampshire | $53,920 | $85,640 | $128,490 |
| New Jersey | $61,920 | $94,850 | $146,130 |
| New Mexico | $48,460 | $84,240 | $126,540 |
| New York | $68,170 | $142,370 | $224,710 |
| North Carolina | $60,070 | $99,730 | $144,800 |
| North Dakota | $58,780 | $88,360 | $125,630 |
| Ohio | $47,890 | $81,830 | $132,440 |
| Oklahoma | $41,600 | $74,100 | $120,000 |
| Oregon | $49,140 | $81,420 | $121,970 |
| Pennsylvania | $48,880 | $85,230 | $133,960 |
| Rhode Island | $64,770 | $91,240 | $143,270 |
| South Carolina | $48,320 | $85,700 | $141,400 |
| South Dakota | $46,110 | $73,400 | $125,650 |
| Tennessee | $45,490 | $74,450 | $123,050 |
| Texas | $47,810 | $83,470 | $130,560 |
| Utah | $46,190 | $70,200 | $106,870 |
| Vermont | $51,040 | $87,010 | $128,840 |
| Virginia | $59,320 | $107,020 | $172,610 |
| Washington | $51,600 | $103,770 | $164,230 |
| West Virginia | $44,600 | $62,180 | $90,950 |
| Wisconsin | $49,030 | $84,130 | $153,020 |
| Wyoming | $51,960 | $84,710 | $95,430 |
Even between cities, the salary of a credit analyst can vary. For example, the areas with the highest average salary for credit analysts is New York-Newark-Jersey City area, NY with an average salary of $139,700.The city with the lowest average salary for credit analysts is Dalton, GA with an average salary of $50,120.
Areas with highest average salaries for credit analysts
Areas with lowest average salaries for credit analysts
The number of credit analysts in the United States has been increasing over the years. Since 2020, the number of credit analysts has increased by 1,110. On average, the number of credit analysts has been increasing by 0.4% each year. The salary of credit analysts has been increasing. Since 2020, the salary of credit analysts has increased by $8,580. On average, the salary of credit analysts has been increasing by 2.5% each year.
Credit Analysts are part of the business and financial operations occupations group. Below is a comparison of the average annual salary for credit analysts compared to other jobs in the same occupation group. View all business and financial operations occupations jobs here.
$84,640 per year
$118,950 per year
$115,530 per year
$104,920 per year
$71,980 per year
$53,440 per year
