Credit Analyst Salary in Michigan
Based on 2K+ workers in Michigan
Median Annual Salary (MI)
$74,640
$35.885/hr
vs National Average
$81,630
-8.6% vs national median
Salary Range (10th–90th)
$51K – $109K
2K employed in Michigan
The median Credit Analyst salary in Michigan is $74,640 per year, with approximately 1,510 professionals currently employed in the state. This figure sits about 9% below the national average, reflecting regional differences in cost of living and market demand. Salaries in this field typically range from $51,170 to $108,870 annually, depending on individual qualifications and experience levels.
Several factors influence Credit Analyst compensation throughout Michigan, including years of experience, educational background, and the size and type of employing institution. Professionals working at larger financial institutions or in major metropolitan areas often earn higher salaries than those in smaller markets. Industry specialization, professional certifications, and demonstrated expertise in risk assessment and lending practices also play significant roles in determining individual earning potential within the state.
Salary Distribution — Credit Analyst in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $51,170 |
| 25th percentile | $61,520 |
| Median (50th percentile) | $74,640 |
| 75th percentile | $82,050 |
| 90th percentile | $108,870 |
Historical Salary Trend — Credit Analyst in Michigan vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $64,710 |
| 2023 | $67,460 |
| 2024 | $72,620 |
| 2025 | $74,640 |
| Year | Michigan Median | National Median |
|---|---|---|
| 2022 | $64,710 | $73,733 |
| 2023 | $67,460 | $75,422 |
| 2024 | $72,620 | $78,827 |
| 2025 | $74,640 | $81,630 |
Credit Analyst Salary by Experience Level in Michigan
Credit Analyst Salary in Other States
Frequently Asked Questions
How much do credit analysts make in Michigan?
- Credit analysts in Michigan earn a median salary of $74,640 per year, or $36 per hour. This is 8.6% below the national average for this position.
What is the salary range for a credit analyst job in Michigan?
- Credit analyst salaries in Michigan range from $51,170 at the lower end to $108,870 at the higher end, depending on experience and employer.
How many credit analysts are employed in Michigan?
- There are currently 1,510 credit analysts employed in Michigan, providing a solid job market for professionals in this field.
Is the credit analyst salary in Michigan competitive compared to the national average?
- Michigan's credit analyst median salary of $74,640 is slightly below the national average, representing an 8.6% difference. Job seekers may find more competitive pay in other states.