Credit Analyst Salary in Illinois
Based on 3K+ workers in Illinois
Median Annual Salary (IL)
$84,990
$40.86/hr
vs National Average
$81,630
+4.1% vs national median
Salary Range (10th–90th)
$58K – $172K
3K employed in Illinois
The median Credit Analyst salary in Illinois is $84,990 per year, which is 4% above the national average. Approximately 3,130 credit analysts work throughout the state, representing a stable employment base in the financial services sector. Salaries in this field typically range from $58,400 to $172,180 annually, reflecting the diversity of experience levels and employer types across Illinois.
Several factors influence compensation for credit analysts in Illinois, including years of experience, educational background, certifications, and the size and type of employer. Geographic location within the state, industry specialization, and individual performance metrics also play important roles in determining salary levels. Career advancement opportunities and specialized skills in risk assessment can lead to higher earning potential for professionals in this role.
Salary Distribution — Credit Analyst in Illinois
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $58,400 |
| 25th percentile | $67,580 |
| Median (50th percentile) | $84,990 |
| 75th percentile | $128,660 |
| 90th percentile | $172,180 |
Top-Paying Industries for Credit Analyst (U.S.)
Which industries pay Credit Analysts the most — nationwide figures (industry-level data is not available by state). Credit Analysts in Illinois tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Finance and Insurance | $87,260 | 46K |
| Real Estate and Rental and Leasing | $87,020 | 460 |
| Administrative and Support Services | $83,480 | 2K |
| Utilities | $83,320 | 90 |
| Management of Companies and Enterprises | $83,190 | 8K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Credit Analyst in Illinois vs National
| Year | Median Salary (Illinois) |
|---|---|
| 2022 | $80,650 |
| 2023 | $84,680 |
| 2024 | $81,380 |
| 2025 | $84,990 |
| 2026 (projected) | $88,760 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Illinois Median | National Median |
|---|---|---|
| 2022 | $80,650 | $73,733 |
| 2023 | $84,680 | $75,422 |
| 2024 | $81,380 | $78,827 |
| 2025 | $84,990 | $81,630 |
| 2026 (projected) | $88,760 | $85,251 |
Credit Analyst Salary by Experience Level in Illinois
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $67,580 |
| Mid-level | 3-5 yrs | $84,990 |
| Senior | 6-9 yrs | $128,660 |
| Staff / Lead | 10+ yrs | $172,180 |
Credit Analyst Salary in Other States
Related Credit Analyst Salaries in Illinois
How other high-demand occupations in Illinois compare to Credit Analyst ($84,990 median).
| Occupation | Median Salary | vs Credit Analyst | Hourly |
|---|---|---|---|
| Financial Manager in IL | $165,880 | +95.2% | $79.75/hr |
| Personal Financial Advisor in IL | $120,130 | +41.3% | $57.75/hr |
| Actuary in IL | $115,430 | +35.8% | $55.50/hr |
| Financial Analyst in IL | $101,180 | +19.0% | $48.64/hr |
| Securities Sales Agent in IL | $99,840 | +17.5% | $48.00/hr |
| Budget Analyst in IL | $94,880 | +11.6% | $45.62/hr |
| Financial Examiner in IL | $93,150 | +9.6% | $44.78/hr |
| Tax Examiner in IL | $81,180 | -4.5% | $39.03/hr |
| Compliance Officer in IL | $80,550 | -5.2% | $38.73/hr |
| Accountant in IL | $80,230 | -5.6% | $38.57/hr |
| Loan Officer in IL | $79,150 | -6.9% | $38.05/hr |
| Insurance Sales Agent in IL | $64,280 | -24.4% | $30.90/hr |
Frequently Asked Questions
How much do credit analysts make in Illinois?
- Credit analysts in Illinois earn a median salary of $84,990 per year, or $41 per hour. This is 4.1% higher than the national average for this position.
What is the salary range for a credit analyst in Illinois?
- Credit analyst salaries in Illinois range from $58,400 at the lower end to $172,180 at the higher end, depending on experience and qualifications.
Is credit analyst salary in Illinois above the national average?
- Yes, Illinois credit analyst salaries are above the national average by 4.1%, with a median of $84,990 compared to lower national figures.
How many credit analysts are employed in Illinois?
- There are approximately 3,130 credit analysts currently employed in Illinois, making it a viable career market in the state.